MORNING NEWS: M&S crashes out of blue‑chip index

Good morning. In the news today, The Times reports that the chairman of Marks & Spencer has played down its first exit from the FTSE 100 since the blue-chip index was created 35 years ago. Also in The Times, Britain’s construction industry has suffered its sharpest drop in new orders since the depths of the recession a decade ago, with clients delaying projects as they await clarity over Brexit. My starter’s off as Restaurant Group boss puts cuts on menu CVAs can save or exploit Restaurant Group lines up 150 closures