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The global fashion business journal

15 Sep 201916:27

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

The London Stock Exchange confirmed yesterday in a statement that the British department stores group will leave the index.

05 Sep 2019 — 16:19
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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.

 


 

 

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).

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