The FTSE Group have confirmed travel company TUI Travel (TUI.L) will leave the FTSE 100 in the next rebalancing of the blue chip index.

The index operator said Tate & Lyle (TATE.L) - best known for its sugar products - will be promoted to the FTSE 100 following the relegation of TUI Travel.

Tate & Lyle is currently located in the FTSE 250 index, with TUI Travel taking its place in the mid-cap index.

The ingredients company company reported adjusted pre-tax profits of £263 million for the year to 31 March 2011, compared with £196 million in the previous year.

The change comes after the FTSE Europe, Middle East and Africa Regional Committee approved the changes to the indices.

Coal producer New World Resources (NWR.L) and digital media company Perform Group (PER.L) will also join the FTSE 250 index, as investment trust Schroder Asia Pacific Fund is demoted to the FTSE Small Cap index.

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