23 March 2018
visit www.nextgenbanking.co.uk

FTSE launches UK digital services index

06 December 2013  |  2245 views  |  0 Source: FTSE Group

FTSE Group ("FTSE"), the global index provider, is pleased to announce the launch of the UK Digital Services Index Series, which will act as a benchmark of UK companies operating in the digital sector.

Indices will be calculated based on the FTSE All-Share and the FTSE AIM benchmarks, as well as a composite index of both FTSE All-Share and FTSE AIM constituents. A company is eligible for the index if it derives more than 50% of its revenues from either digital or online services, or if it is considered to be engaged in providing services that are integral and critical for the functioning of digital services.

The UK Digital Services Index Series has widened the definition of what constitutes an internet service business, so that it includes companies that operate in a B2C digital capacity as well as those serving B2B digitally. This means that less than 50% of the index is made up of software and technology companies, with weightings in key service areas such as travel and leisure, media and general retailers making up more than 25% combined.

Mark Makepeace, Chief Executive Officer, FTSE Group said: "FTSE continues to develop innovative indexes for markets in the UK and across the globe. Our inventive approach is reflected in the UK Digital Services Index Series, which takes a fresh look at the internet service sector. FTSE has created a digital index that is not comprised of only software and technology stocks, but provides a true picture of the great breadth of industries in the UK that the internet has revolutionised."

The FTSE UK Digital Services Index Series is based on FTSE indices that are managed according to a publicly available set of rules.

Sectors included in the new index are Software & Computer Services (31.4%), Technology Hardware & Equipment (17.6%), Travel & Leisure (11.8%), Fixed Line Telecommunications (9.8%), Media (9.8%), Mobile Telecommunications (7.8%), General Retailers (3.9%), Financial Services (2.0%), Food & Drug Retailers (2.0%), Nonlife Insurance (2.0%) and Support Services (2.0%). 

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
www.currencycloud.comVisit www.vasco.comRegister your place today

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
14442 views 0 | 8 tweets | 5 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
11857 views comments | 16 tweets | 35 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
11448 views comments | 12 tweets | 23 linkedin
Barclays partners seven watch brands for contactless timepiecesBarclays partners seven watch brands for c...
10494 views comments | 14 tweets | 31 linkedin
Germany's N26 readies for US launch with EUR110 million capital injection led by Allianz and TenCentGermany's N26 readies for US launch with E...
8305 views comments | 14 tweets | 10 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job