Maybe people here see what I can't see.
The FT500 is supposed to list the biggest by market capitalization companies in the world's stock exchanges.
So why is Rolls-Royce on it when their mkt cap is just £8.64 B = $11.84 B when CRH is worth $35.2 B and not in the FT500 ?
It's hard to believe that Rolls-Royce is being elevated to the elite club by the FT editors (under subtle pressure from the UK government) just to ensure major funds continue to buy it or at least don't drop it. That would be as counterproductive as praising a low-performing child in the hope that emotional support alone would stimulate them.
What am I missing here ?
The FT500 is supposed to list the biggest by market capitalization companies in the world's stock exchanges.
So why is Rolls-Royce on it when their mkt cap is just £8.64 B = $11.84 B when CRH is worth $35.2 B and not in the FT500 ?
It's hard to believe that Rolls-Royce is being elevated to the elite club by the FT editors (under subtle pressure from the UK government) just to ensure major funds continue to buy it or at least don't drop it. That would be as counterproductive as praising a low-performing child in the hope that emotional support alone would stimulate them.
What am I missing here ?