Sports Direct Relegated In FTSE 100 Reshuffle

Sports Direct has officially been relegated from the FTSE 100 after its market value tumbled by more than £1.5bn in just three months amid weak trading and allegations about its treatment of staff. Confirmation came from the FTSE Russell Group following its latest quarterly review of the market capitalisation - or total share value - of each member of the FTSE 100 and FTSE 250 indexes. It's a bitter blow to the company's founder Mike Ashley, who also owns Newcastle United, the Premier Leag