Close
Date TimeSeptember 03, 2019
VoiceMarks & Spencer will be demoted from the FTSE 100 for the first time since the index was created, after Tuesday’s stock market close meant the company was no longer big enough for inclusion in the top tier of UK-listed businesses.
Marks & Spencer To Be Demoted From FTSE 100
Micro Focus and Direct Line will also be relegated from the blue-chip cohort. Polymetal, Hikma and Meggitt are set to be promoted to the FTSE 100 instead.
The official announcement will be made on Wednesday and changes will take effect on September 23.
M&S was already near-certain to get the boot after a decline in its share price of more than 45% over the last three years.
It is one of the founder members of the 1984 FTSE 100 cohort, leaving just 26 of the original line-up still on the index.
Helal Miah, investment research analyst at the Share Centre, said: “M&S for many generations has been a stalwart of the UK retail market and a founding member of the FTSE 100.
“Its relegation will be highly symbolic of the troubles on the UK high street and the challenges the UK retail sector faces as the internet plays an increasingly important role.”
Companies which have narrowly avoided dropping out this time round include British Gas owner Centrica, which looked close to the edge last week but recovered slightly.
It was also aided by the fact that Micro Focus issued a profit warning last week, making the software giant a prime candidate for demotion.
M&S may not be the last retail stalwart to find itself in the FTSE 250, with Sainsbury’s, Morrisons and B&Q owner Kingfisher all set to be contenders for relegation in the next reshuffle. Related... M&S Is Having To Change The Name Of Its Porn Star Martini – Here's Why Meghan Markle's £55 Marks & Spencer Dress Is Back In Stock – In Two Colours  
 

Related Stories
Investigation Launched Into Awarding Of Grant To Boris Johnsons Close FriendInvestigation Launched Into Awarding Of Grant To Boris Johnson's 'Close Friend'
Labour NEC In Shock Move To Abolish Tom Watsons Deputy Leader PostLabour NEC In Shock Move To Abolish Tom Watson's Deputy Leader Post
John Oliver Explains Why Trump Might Finally Be Impeached Over Ukraine Whistleblower ScandalJohn Oliver Explains Why Trump Might Finally Be Impeached Over Ukraine Whistleblower Scandal
Bill Clinton and Jeb Bush seek refuge from Trump impeachment stormBill Clinton and Jeb Bush seek refuge from Trump impeachment storm
Anthony Joshua defends desert fight and points to Saudi Arabia ‘reforms’Anthony Joshua defends desert fight and points to Saudi Arabia ‘reforms’
Everything You Wanted To Know About Life As A Flight AttendantEverything You Wanted To Know About Life As A Flight Attendant
Burberry Is Selling Half Blazer, Half Puffer Coats – For Nearly £3,000Burberry Is Selling Half Blazer, Half Puffer Coats – For Nearly £3,000
Philip Hammond Says He Will Not Back Election As Brexit Crisis LoomsPhilip Hammond Says He Will Not Back Election As Brexit Crisis Looms
Pixies: Beneath the Eyrie review – gothy, theatrical alt-rock fables and tall talesPixies: Beneath the Eyrie review – gothy, theatrical alt-rock fables and tall tales
Mike Pence accused of humiliating hosts in IrelandMike Pence accused of humiliating hosts in Ireland
Latest News
‘I can’t think properly’: Assange fights back tears and struggles to say own name as he appears in court over US extradition‘I can’t think properly’: Assange fights back tears and struggles to say own name as he appears in court over US extradition
Trump like a squirrel caught in traffic during Pentagon meeting: AideTrump 'like a squirrel caught in traffic' during Pentagon meeting: Aide
Turkey outlines safe zone plan ahead of key deadlineTurkey outlines 'safe zone' plan ahead of key deadline
Mother finds unknown woman in home about to bathe her 2-year-old, Ohio police sayMother finds unknown woman in home about to bathe her 2-year-old, Ohio police say
PG&E plans more power cutoffs, warns of severe weather this weekPG&E plans more power cutoffs, warns of severe weather this week
Boeing shares tumble again as 737 MAX crisis deepensBoeing shares tumble again as 737 MAX crisis deepens
Trump’s Quid Pro Quo Is UnconstitutionalTrump’s Quid Pro Quo Is Unconstitutional
Teenagers charged with urinating on black classmate and shouting racist abuseTeenagers charged with urinating on black classmate and shouting racist abuse
Shes back: Argentines contemplate possible role for CFKShe's back: Argentines contemplate possible role for 'CFK'
Sheffield United v Arsenal: Premier League – live!Sheffield United v Arsenal: Premier League – live!
Leaders
Donald-TrumpDonald Trump
45th President of the United States of America
Mike-PenceMike Pence
Vice President of the United States
Boris-JohnsonBoris Johnson
British Prime Minister
Angela-MerkelAngela Merkel
Chancellor of Germany
Emmanuel-MacronEmmanuel Macron
President of France
Justin-TrudeauJustin Trudeau
Prime Minister of Canada
Nancy-PelosiNancy Pelosi
Speaker of the United States House of Representatives
Barack-ObamaBarack Obama
44th U.S. President
Theresa-MayTheresa May
Member of Parliament of the United Kingdom
Vladimir-PutinVladimir Putin
Russian President
Shinzo-AbeShinzō Abe
Prime Minister of Japan
Related Stories
Investigation Launched Into Awarding Of Grant To Boris Johnsons Close FriendInvestigation Launched Into Awarding Of Grant To Boris Johnson's 'Close Friend'
Labour NEC In Shock Move To Abolish Tom Watsons Deputy Leader PostLabour NEC In Shock Move To Abolish Tom Watson's Deputy Leader Post
John Oliver Explains Why Trump Might Finally Be Impeached Over Ukraine Whistleblower ScandalJohn Oliver Explains Why Trump Might Finally Be Impeached Over Ukraine Whistleblower Scandal
Bill Clinton and Jeb Bush seek refuge from Trump impeachment stormBill Clinton and Jeb Bush seek refuge from Trump impeachment storm
Anthony Joshua defends desert fight and points to Saudi Arabia ‘reforms’Anthony Joshua defends desert fight and points to Saudi Arabia ‘reforms’
Everything You Wanted To Know About Life As A Flight AttendantEverything You Wanted To Know About Life As A Flight Attendant
Burberry Is Selling Half Blazer, Half Puffer Coats – For Nearly £3,000Burberry Is Selling Half Blazer, Half Puffer Coats – For Nearly £3,000
Philip Hammond Says He Will Not Back Election As Brexit Crisis LoomsPhilip Hammond Says He Will Not Back Election As Brexit Crisis Looms
Pixies: Beneath the Eyrie review – gothy, theatrical alt-rock fables and tall talesPixies: Beneath the Eyrie review – gothy, theatrical alt-rock fables and tall tales
Mike Pence accused of humiliating hosts in IrelandMike Pence accused of humiliating hosts in Ireland
Latest News
‘I can’t think properly’: Assange fights back tears and struggles to say own name as he appears in court over US extradition‘I can’t think properly’: Assange fights back tears and struggles to say own name as he appears in court over US extradition
Trump like a squirrel caught in traffic during Pentagon meeting: AideTrump 'like a squirrel caught in traffic' during Pentagon meeting: Aide
Turkey outlines safe zone plan ahead of key deadlineTurkey outlines 'safe zone' plan ahead of key deadline
Mother finds unknown woman in home about to bathe her 2-year-old, Ohio police sayMother finds unknown woman in home about to bathe her 2-year-old, Ohio police say
PG&E plans more power cutoffs, warns of severe weather this weekPG&E plans more power cutoffs, warns of severe weather this week
Boeing shares tumble again as 737 MAX crisis deepensBoeing shares tumble again as 737 MAX crisis deepens
Trump’s Quid Pro Quo Is UnconstitutionalTrump’s Quid Pro Quo Is Unconstitutional
Teenagers charged with urinating on black classmate and shouting racist abuseTeenagers charged with urinating on black classmate and shouting racist abuse
Shes back: Argentines contemplate possible role for CFKShe's back: Argentines contemplate possible role for 'CFK'
Sheffield United v Arsenal: Premier League – live!Sheffield United v Arsenal: Premier League – live!
Leaders
Donald-TrumpDonald Trump
45th President of the United States of America
Mike-PenceMike Pence
Vice President of the United States
Boris-JohnsonBoris Johnson
British Prime Minister
Angela-MerkelAngela Merkel
Chancellor of Germany
Emmanuel-MacronEmmanuel Macron
President of France
Justin-TrudeauJustin Trudeau
Prime Minister of Canada
Nancy-PelosiNancy Pelosi
Speaker of the United States House of Representatives
Barack-ObamaBarack Obama
44th U.S. President
Theresa-MayTheresa May
Member of Parliament of the United Kingdom
Vladimir-PutinVladimir Putin
Russian President
Shinzo-AbeShinzō Abe
Prime Minister of Japan
Mike Pence Goes 3 Hours Out Of His Way To Stay At Trump's Irish Golf Resort
This Could Be The Day Hardline Brexiters' No-Deal Dreams Died
Maltesers, Mars… And MDMA? Man Smuggles £70k Drugs In Celebrations Tubs
Hezbollah TV airs footage it says shows anti-Israel attack
Hurricane Dorian thrashes Bahamas and kills at least five as it barrels towards US
South Korean reporters grill minister nominee for 11 hours
Weak factory data, trade frictions pull Wall Street lower
Trump news – live: President rages over disastrous trade war after slumping to double-digit poll deficits against all four major 2020 rivals
Trump administration U-turns on decision to deport migrants with life-threatening health issues
Joshua Wong urges Taiwanese to show support for Hong Kong
Floridians evacuate and grumble as Hurricane Dorian slowly nears
South Africa vows crackdown on xenophobic attacks after five die
US Open 2019: Elina Svitolina v Johanna Konta, quarter-final – live!
Norway v England: women's international friendly – live!
England call up Craig Overton but need more runs from their batsmen
Golfers and rugby players show cannabis is going mainstream in sport | Andy Bull
USA pushed to limit by Turkey at Fiba World Cup in closest game since 2006
The Fiver | Shearer, Owen and a major ruction on Social Media Disgrace Twitter
Joe Root explains Joe Denly and Jason Roy swapping roles for fourth Ashes Test – video
The Painted Bird review – savage, searing three-hour tour of hell
Common: 'I wanted to be the dopest. Then I found a higher purpose'
Cara Delevingne on her big TV breakthrough: ‘I don’t want an easy ride’
Trump Attacks 'Incompetent' Sadiq Khan Again - And Spells His Name Wrong, Twice
Ariana Grande Cancels Remaining Meet-And-Greets On Sweetener European Tour
Phillip Lee MP Defects From The Conservatives To The Lib Dems
How To Keep Your Kids Safe When Sharing Back-To-School Photos On Social Media
U.S. presidential candidate Booker proposes $3 trillion climate change plan
Tens of thousands in Hong Kong boycott first day of school
Trump says background checks would not have prevented recent gun violence
'Bigger picture, it's climate change': Great Lakes flood ravages homes and roads
Deadly Taliban attack in Afghan capital casts shadow on peace deal
Pound slides on Brexit, on track for lowest close since 1985
Xenophobic Attacks in South Africa Leave Migrants Living in Fear
Bury being investigated by police over allegations of fraud
This New Coffee Cup Scheme Could Recycle Hundreds Of Millions Of Cups Every Year
Man Sentenced For Sending 'Punish A Muslim' Letters
Will There Really Be A Snap General Election In 2019?
Court Documents Reveal Boris Johnson's Suspension Of Parliament Was Approved Mid-August
The Best Baking Equipment To Buy Inspired By The Great British Bake Off
Prince Harry Insists Private Jet Use Is ‘To Ensure My Family Are Safe’
If Your Poo Looks Like This, It's Time To See A Doctor
Trump insists meteorologists are wrong and he is right to say Hurricane Dorian could have hit Alabama
South Africa wakes up to fresh anti-foreigner violence
Huawei Accuses U.S. of Harassing Workers, Attacking Network
Texas gunman who killed seven had previously failed background check for firearm
The Latest: Iranian tanker turns off its tracking beacon
China’s Most Indebted Firm Is Too Big to Fail
US to start Afghan withdrawal with 5,000 troops out in 20 weeks
Trump's new Mexico envoy stirs hornet's nest with Frida Kahlo jab
Ashes: Craig Overton replaces Chris Woakes for England in fourth Test
Graeme Souness reminds media of the need to think before speaking | Sachin Nakrani
What next for Neymar and PSG?
Kristen Stewart told to stop 'holding her girlfriend’s hand in public'
First Dates' Fred Sirieix Blasts Home Office After Confusion Over His Settled Status
Planning The Family Holiday The Most Efficient Way
Jail For Man Who Smuggled £70k Of MDMA In Chocolate Celebrations Tubs
How To Get Rid Of Spiders (Because They're Infiltrating Our Homes Right Now)
It: Chapter Two Director Reveals What Trump Has In Common With Pennywise
Kristen Stewart Reveals She Was Discouraged From Talking About Her Sexuality To 'Protect Her Career'
What Princess Charlotte Will Be Learning At School (And What She'll Be Called)
If Your Poop Looks Like This, It's Time To See A Doctor
BBC Broadcaster Mark Radcliffe Admits 'Surprise' At Losing His BBC 6Music Radio Show While Battling Cancer
Young Women Have Given Up On Our Politics – And That's Bad For All Of Us
Russia jails blogger for Tweet, charges Kremlin critics over protests
Iran's Rouhani rules out bilateral talks with U.S
Hezbollah and Israel: a new war or restraint?
India's seizures of smuggled gold jumps in June quarter: government official
Justin Bieber shares emotional post about depression, drug use and delinquency
The Cheeky Girls: how we made Cheeky Song (Touch My Bum)
All bands on deck: aboard the Belle and Sebastian Med and music cruise
The Spin | Old Trafford and the Ashes stir great memories – plus one of leaving early
David Squires on … the Premier League story so far
Japan’s famous Rugby World Cup win is coming to a screen near you | Robert Kitson
Talking Horses: Altior team pour cold water on Cyrname clash hype
Alexis Sánchez says he ‘didn’t know why’ Manchester United dropped him
Greater Manchester group working to reinstate Bury into League Two
It’s 2019. Tennis doesn’t need a bad boy
Christian Eriksen: 'I wish I could decide my future like in Football Manager'
Alison Lapper Shares Heartfelt Note For Son Parys After His Sudden Death Aged 19
Travalyst: Prince Harry Reveals Sustainable Travel Collaboration 'To Protect People, Places And Wildlife'
Justin Bieber Reflects On Dark Period Of 'Heavy Drug Use' And 'Disrespecting Women'
A Confession's 'Shaky' Camera Work Leaves Some Viewers Feeling 'Distracted And Nauseous'
Are Your Back-To-School Photos Putting Your Kids In Danger? Surrey Police Share Tips To Keep Them Safe
Piers Morgan Admonishes 'Bigoted' DUP MP Jim Wells In Strictly Come Dancing Same-Sex Couples Row
Philip Hammond Promises Boris Johnson 'Fight Of A Lifetime' If PM Tries To Force Him Out Of Tory Party
Why Kamala Harris Hasn’t Caught Fire in the Democratic 2020 Race
Mayor of Jacksonville warns residents who ignore evacuation orders: If you call 911, you're likely on your own
'Fear gives us energy': Sarajevo braces for first Pride parade
My Father’s Lifelong Torment Over Hitler’s Polish Invasion
Five dead in Bahamas from Dorian as storm threatens US coast
Hong Kong leader insists she will stay on
The impact of England success on women's football – from top to bottom
Detroit Tigers minor leaguer dies after skateboarding accident aged 27
England gamble on Nowell being fit for Japan despite appendix operation
Should athletes at the 2020 Olympics take political stances? | Kareem Abdul-Jabbar
Justin Langer says Australia are not feeling sorry for themselves | Ali Martin
Shaun Edwards looks beyond Japan to World Cup success with France in 2023
Robbie Farah set to be named for Tigers' crunch NRL game but unlikely to play
Football transfer rumours: where next after deadline day?
PSG sign Internazionale’s Mauro Icardi on loan as Neymar stays put
Conan O'Brien really did go to Greenland. Anderson Cooper cracks up as Conan previews his travelogue
Pound To Dollar Exchange Falls To Lowest Rate In More Than Two Years As Uncertainty Over Brexit Intensifies
Kevin Hart's Wife Gives Update On His Condition After Car Crash As David Beckham Sends Well Wishes
Sharon Osbourne Unleashes Violent Tirade Against 'Repulsive' Jeremy Corbyn
Am I Registered To Vote? Here's How To Register For A General Election
Justine Greening Will Not Stand For The Tory Party In The Next General Election
Corbyn ‘Won’t Fall For Johnson’s Trick’ Of No-Deal Snap Election, Key Allies Reveal
Mark Radcliffe ‘surprised’ to lose BBC show during cancer
New York Times drops sponsorship of oil conference
Australian man makes 'amazing' solo landing during first flying lesson
Lithuania summons Chinese envoy over Hong Kong incident
Santa Cruz boat fire: 25 confirmed dead and nine unaccounted for after blaze broke out
Dorian isn't moving because the upper atmosphere is too calm
4th time in 4 years: It's hurricane evacuation time in US
Anna Paquin: ‘I am absolutely a control freak. It’s in my DNA’
At Seven Months Pregnant, I Was Attacked On The Tube. No One Helped Me
Sex Diaries: ‘We’ve Only Just Started Trying For A Baby, But Sex Feels Different Already’
12 Of The Best Boots To Buy This Autumn
My Adoptive Parents Hid My Racial Identity From Me For 19 Years
Asda Little Angels Vapour Bath Review: Is This Truly A 'Miracle' Product That Can Get Babies To Sleep?
Police detain Russian opposition activist after Moscow protest
Papua New Guinea cancels Australia migrant camp contract
The Latest: Neighbor says gunman was 'violent, aggressive'
Dorian kills five in Bahamas, US evacuates SE coast
China says has only 'limited' cooperation with U.S. on fentanyl
96-year-old World War II veteran breaks his own scuba diving record
Sam Taylor-Johnson: ‘I’ve lost people very dear to me through addiction’
Trucker, mail carrier at work, teen among Texas victims
Hong Kong’s Leader Says She Has Never Asked Beijing’s Permission to Resign
Mexican official denies vigilante movement has reignited
Santa Cruz boat fire: eight confirmed dead as rescue teams struggle to reach 26 others trapped below deck
Do I stay or do I go? For Joe Manchin, a big decision awaits
Rugby World Cup preparations hit bump with concerns over readiness of pitch
Holdout Ezekiel Elliott still absent from Dallas Cowboys as first game draws near
Not so easy to prevent the spread of mass shooters' names
Saudi-led airstrikes on Yemen rebel-run prison kill over 100
U.S. wants Brexit that encourages stability in Ireland: Vice President Pence
Facing criticism over deportations, U.S. to look again at some deferral requests
Criminal justice reform turns to list of problem officers
Summer transfer window recap – every deal from Europe's top five leagues
Terry Gilliam says he disagrees with John Cleese's worldview
Corbyn ‘Won’t Fall For Johnson’s Trick’ Of No-Deal Snap Election, Key Ally Reveals
Hong Kong stocks rocked by city's latest violent protests
U.S. and Poland Ink 5G Security Agreement Amid Anti-Huawei Campaign
California boat fire: Eight confirmed dead as 25 remain missing near Santa Cruz Island
Germany asks Polish forgiveness 80 years after WWII outbreak
‘Time Is Running Out’: The 2020 Democratic Race Is About to Get Serious
Hurricane Dorian: millions in coastal US warned to 'get out now' ahead of storm
Bahamas government warns tourists and residents to shelter as Dorian bears down on Georgia and the Carolinas
Thousands evacuated in Germany as WWII bomb found
The Latest: Iran, France race to save nuclear deal
More than 100 seal pups born in the Thames 60 years after the river was declared 'biologically dead'
Taylor Swift: ‘I was literally about to break’
Usman Khawaja dropped by Australia for fourth Ashes Test
Belinda Bencic reserves her best again for Naomi Osaka at US Open
The Tories 'Would Lose Six Seats' If PM Calls Snap Election, New Poll Analysis Suggests
Kevin Hart Could Require Back Surgery After Malibu Horror Crash, But Docs Are Optimistic
California boat fire: 33 people feared dead as boat bursts into flames off Santa Cruz Island
Attacked for gender, not views: HK women protesters facing troll army
‘Time Is Running Out’: Democratic Race Is About to Get Serious
Dorian triggers massive flooding in Bahamas; at least 5 dead
This might be the lowest price we’ve ever seen for a top-rated 75-inch 4K TV
Palestinian women protest after suspected honor killing
Scorned in China, the Hong Kong singer who chose politics over career
Pakistan grants consular aid to Indian facing death penalty
Iran says views converging with France on breaking impasse
Reports: Israeli army faked casualties in Hezbollah attack
US Open 2019: Schwartzman beats Zverev, defending champion Osaka loses and more – as it happened
Lucy Bronze in spotlight by responding to my challenge, says Phil Neville
The King review – rogues' gallery of grunters and brawlers
Man Admits Intentionally Driving Digger Into Travelodge After 'Bosses Fail To Pay Him'
Russia, Iran blame US for regional tensions
Texas gunman fired from job before massacre; victim IDs emerge: media
California boat fire: Four confirmed dead as 29 remain missing near Santa Cruz Island
Hong Kong protesters clash with police in airport and shut down roads as calls grow for British protection
Hong Kong leader Carrie Lam recorded saying she 'would resign if she could'
US Open 2019: Zverev v Schwartzman, defending champion Osaka loses and more on day eight – live!
Expect the unexpected: David Luiz and Arsenal’s new defensive chaos | David Hytner
Johanna Konta can vanquish self-doubt and win US Open, says coach
Christian Coleman free to race for world gold after missed tests charge dropped
Boris Johnson To Seek October 14 Snap Election If MPs Vote To Block No-Deal Brexit
Sian O’Callaghan: How A Thorny Double Murder Probe Ended A Detective’s Career
Six bodies recovered after flash flood in Kenya national park
Johnson Threatens Oct. 14 Election Over No-Deal: Brexit Update
1 dead, 8 sick in hazmat incident at San Jose hotel
Brother of British woman killed by expat husband pleads with UAE judge for murder sentence
Iranian official mocks Trump with 'good morning selfie' after president tweets out image from secret intelligence briefing
Hurricane Dorian triggers massive flooding across Bahamas
Taiwan Denies Stoking Hong Kong Unrest, Blames Communist Party
Ukraine, Poland want continued sanctions on Russia
Hurricane Dorian: Bahamas suffers ‘huge damage’ as storm becomes joint strongest ever
Taliban attack 2nd Afghan city as US envoy says deal is near
Santa Cruz boat fire: fight to save lives as 34 people trapped below deck
Dorian claims first life in Bahamas, US evacuates coast
US Open 2019: Defending champion Naomi Osaka v Belinda Bencic and more on day eight – live!
Stuart Broad warns Steve Smith of brutal return in fourth Ashes Test
Arsenal v Spurs analysis, dives, Bakery Jatta and more – Football Weekly
Devin Toner told to seek answers after being cut from Ireland’s World Cup squad
Newmarket trainer’s shock after stowaways found in horsebox at Calais
Manny Pacquiao launches own cryptocurrency at concert debut
Close