May 30, 2018

Ocado elevated to the FTSE 100, while M&S avoids the drop

Ocado is joining the FTSE 100 after seeing a big jump in its share price following a year of dealmaking. Ocado is joined by betting firm GVC, owner of Ladbrokes Coral, while G4S and Mediclinic are demoted to the FTSE 250. Marks & Spencer, in the FTSE 100 since the index was launched in 1984, just avoided the drop. Mr Khalaf says the retailer's survival in the FTSE 100 may be "a stay of execution rather than a full pardon". Outsourcing firm G4S, which recently posted a fall in revenues, will be demoted into the FTSE 250 index, alongside private hospital group Mediclinic International.

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