A better indication of the UK economy is the FTSE 250 Index, as it contains a smaller proportion of international companies. However, many of these are internationally focused companies: therefore the index's movements are a fairly weak indicator of how the UK economy is faring and are significantly affected by the exchange rates of the pound sterling. The total market value of a company is calculated by multiplying the share price of the company by the total number of shares they have issued. The FTSE 100 broadly consists of the largest 100 qualifying UK companies by full market value. The market capitalisation weighted FTSE 100 index replaced the price-weighted FT30 Index as the performance benchmark for most investors. The FTSE 100 Index was launched on 3 January 1984. It is calculated in real time and published every second when the market is open. The index is maintained by the FTSE Group, now a wholly owned subsidiary of the London Stock Exchange, which originated as a joint venture between the Financial Times and the London Stock Exchange. The index is maintained by the FTSE Group, a subsidiary of the London Stock Exchange Group. The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the " Footsie" / ˈ f ʊ t s i/, is a share index of the 100 companies listed on the London Stock Exchange with (in principle) the highest market capitalisation.
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