Marks&Spencer to exit Ftse 100 after sink shares 40% this year

Marks&Spencer to leave the Ftse100. The London Stock Exchange confirmed yesterday that the British department stores group will leave the index. Shares of the British group dropped 40% in what is gone of the year. Yesterday the company closed its journey with 1.93 pounds per share, with a capitalization of 3.77 million pounds.

It will be the first time M&S leaves the Ftse100

The change in the Ftse100 will become effective September 23 and it will be the first time Marks&Spencer leaves the index. The company closed its last fiscal year with a revenue of 10.3 billion pounds (11.4 billion euros), 3% less. The benefit of the company sank 28.2%, to 37.3 million pounds (41.2 million euros).