Marks & Spencer to drop out of FTSE 100 for first time

Exit of founding member of top City share index is latest sign of retailer’s declining fortunesMarks & Spencer is to be demoted from the FTSE 100 for the first time in the latest sign of the declining fortunes of the retailer, which was a founding member of the leading City share index.Relegation to the FTSE 250 comes as the company is closing 120 stores as part of an overhaul designed to shore up profits.Continue reading...