By  on September 4, 2019

LONDON — After months of hanging by its fingernails, Marks & Spencer will drop out of the FTSE 100 index of blue chip stocks, with the London Stock Exchange confirming the much-anticipated news at the close of trading on Wednesday.

Marks & Spencer, which has seen its shares fall by 40 percent this year, has been dropped due to its shrinking market capitalization, which stood at 3.77 billion pounds on Wednesday.

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