FTSE drops seven companies from ethical index

Seven companies have been axed from the FTSE's ethical index because they have not met strengthened environmental criteria.

The companies dropped from the FTSE4Good index are Elan Corporation, Hafslund, RoyalBlue Group, Goldshield Group, St Ives, Tenet Healthcare and Suntrust Banks. All the companies said they were not prepared to meet the enhanced criteria for admission.

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