Luton-based airline joins FTSE

Airline joins FTSE 100 Index Credit: ITV News Anglia

No-frills airline easyJet will join the FTSE 100 Index this week after a record run for its share price.

The Luton-based carrier has become the London market's 82nd largest company with a value of £4 billion.

Its shares closed at a record high of more than £10 on Friday, having stood at just under £4 in July 2010.