Out with the old

A great deal of soul-searching followed the quarterly rejigging of the FTSE 100 'blue-chip' index in the UK last month. It was the most radical quarterly revamp on record as nine stocks were welcomed into the elite and nine were edged out into the relative cold of the FTSE mid-250.But the real fuss wasn't simply about the numbers of new FTSE 100 members - it was about their nature. Most of those joining the index were 'new world' players from the technology, telecoms and media sectors. Four