Morrisons to fall from FTSE 100 as investors leave it on the shelf
MORRISONS is facing relegation from the FTSE 100, after being earmarked for demotion by the stock market’s committee.
The supermarket, whose share price has fallen more than 15.5 per cent in a year, is the company “nearest to the 111th threshold” to enter the FTSE 250, the London Stock Exchange said yesterday.
Satellite network operator Inmarsat is in line to enter the FTSE 100. The FTSE EMEA committee meets tomorrow to discuss the risers and fallers for this period.
Morrisons has consistently lost market share with the likes of Aldi and Lidl taking a chunk out of the budget supermarket sector.