Coats to enter FTSE 250 from June 19

Wed, 31 May 2017

By Rebecca Howard June 1 (BusinessDesk) - Coats Group, the UK-based threadmaker that grew out of diversified investor Guinness Peat Group, will enter the FTSE 250 as of June 19, it said in a statement. The latest quarterly review by FTSE Russell, the global index provider, confirms that Coats has met the requisite criteria and the move also comes after Coats' market capitalisation reached more than 1 billion British pounds last week, it said. The London-based company said it has undergone "significant corporate change" in recent years...

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