Financial Times Stock Exchange (Footsie)
What is Footsie?
Footsie is the shorthand name for the Financial Times Stock Exchange (FTSE) 100 share index. It's an average of the share prices of the 100 largest, most actively traded companies on the London Stock Exchange (LSE). It started with a base of 1,000 at the end of December 1983.
Where have you heard about Footsie?
The media's perennial coverage of the Footsie's performance underlines it's widely perceived importance as a barometer of wider economic trends.
What you need to know about Footsie...
This index of the share values of the UK's largest listed companies is calculated in real time when the stock market is open and it changes to reflect movements during the course of each trading day. The closing value is the one that is used as a reference point. The companies that are included in the index are reviewed quarterly and are sometimes referred to as blue-chip companies.