M&S to be booted out of FTSE 100 for first time ever

M&S FTSE 100 London Stock Exchange Marks & Spencer
Since 2015, M&S' share price has dropped 45%
// M&S due to drop out of FTSE 100 for first time since index was created in 1984
// Changes will take effect on September 23
// In June, M&S narrowly avoided relegation

Marks & Spencer is set to drop out of the FTSE 100 for the first time since the index was introduced 35 years ago, after its stock market value fell below the threshold for inclusion.

The bellwether retailer’s exclusion was confirmed by stock market closing prices on Tuesday, which undertakes a quarterly reshuffle of the UK’s top listed brands.

The official announcement is due to take place today and changes will take effect on September 23.

In June, M&S narrowly avoided relegation, but its stock has fallen further since, losing two-thirds of its value since 2015.

In the past three years, M&S’s share price has dropped by 45 per cent, which put it at further risk of being dropped out of the index.

Meanwhile, JD Sports made a debut on the FTSE 100 in June after its global expansion and rising profits resulted in a surge in its share price.

M&S is one of the founder members of the 1984 FTSE 100 cohort.

However, the department store chain may not be the last retailer to find itself in the FTSE 250, with Sainsbury’s, Morrisons and B&Q owner Kingfisher all expected to be contenders for relegation in the next reshuffle.

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  1. This is an obvious function of the M&S negative strategy of ‘turnover reduction’. No good can come of this in the long run.
    So costs are reduced when stores are closed. But turnover evaporates. Potential evaporates.

    The only strategy for survival is one for ‘serious turnover increase’. The world is full of global retail opportunity but M&S has blinkers on. Get the turnover and the rest can follow. M&S needs to change NOW!


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