Pharmaceutical business Hikma has replaced satellite business Inmarsat in the only change to the FTSE 100 under the latest review of the market indices.
Inmarsat’s profits plummeted to $58.5m in its latest quarterly results compared to $96.3m a year earlier.
Aberdeen Asset Management has been added to the FTSE 100 reserve list after it was booted from the index in the March review.
Elsewhere on the FTSE rankings asset managers and other financial services companies have moved in and out of favour.
Capitalisations are ranked on 31 May and are applied after the close of business on 17 June.
In the FTSE 250 Metro Bank and CMC Markets have been added, as well as CYBG, which was floated in February when National Australia Bank spun out its UK banking assets.
The Highbridge Multi-Strategy fund fell from the index.
Schroders, Jupiter Fund Management and the Perpetual Income & Growth investment trust have all moved to the FTSE 350 high yield.
Electra Private Equity and P2P Global Investments have also moved into the index.
Several funds moved in and out of the FTSE All Share index, with Aberdeen Emerging Markets investment company, Aberdeen New Thai investment trust and BlackRock Comms Income investment trust among those demoted.
Henderson International Income trust, Funding Circle SME Income fund, Schroder European Real Estate investment trust and Lindsell Train investment trust moved into the index.