Marks & Spencer was one of only a handful of fallers on the FTSE 100 as its closing price put the department stores retailer on course for relegation from the blue-chip index and after Goldman Sachs issued a “sell” note.
A demotion from the FTSE 100 would be the first time that M&S has been excluded from the benchmark of the largest UK companies by market capitalisation since the index was launched in 1984.
Marks & Spencer was one of only a handful of fallers on the FTSE 100 as its closing price put the department stores retailer on course for relegation from the blue-chip index and after Goldman Sachs issued a “sell” note.
A demotion from the FTSE 100 would be the first time that M&S has been excluded from the benchmark of the largest UK companies by market capitalisation since the index was launched in 1984.
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