Why has Ocado crashed out of FTSE 100 – and what next?

Ocado is set to leave the FTSE 100 following a drop in its share price, piling further shareholder pressure on the business to consider ditching the London Stock Exchange for New York.
The grocery giant will exit the index during a quarterly reshuffle, after its valuation fell from a £22bn high in the pandemic to £3.1bn.
Shore Capital vice chairman Dr Clive Black brands the cataclysmic surge in the online grocery firm’s shares during Covid as “irrational” as shopper