Retailer Morrison has dropped out of the FTSE 100 index following the latest quarterly review, concluded on Wednesday, while estate agents Foxtons has dropped out of the FTSE 250.
Shares in Morrison have fallen by around 17% since the beginning of the year, and are likely to fall further as the drop to the FTSE 250 will mean some institutions will have to sell shares in the supermarket chain.
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The Guardian, p. 31
