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Inmarsat faces relegation from FTSE 100

Discussion in 'Market News' started by Lily, May 29, 2016.

  1. Lily

    Lily Forum Member

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    Satellite communications group’s technical problems and profit warning may push it into FTSE 250 just a year after joining top flight index

    Inmarsat, the satellite communications group, is on course to lose its place in the FTSE 100 less than a year after joining the top flight index.

    The company has run into a number of obstacles in recent months, including delays in completing its Global Xpress satellite network – which offers high-speed broadband services to customers such as airlines – following problems with the Russian Proton rocket launchers.

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