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Sector
Financials
Size
Mid Cap
Market Cap £773.2m
Enterprise Value £1.05bn
Revenue £121.0m
Position in Universe 457th / 1816

M&S, Direct Line and Micro Focus will be booted from FTSE 100 on Sept. 23

Wed 4th September, 2019 5:38pm
LONDON, Sept 4 (Reuters) - Marks & Spencer  MKS.L , Direct
Line  DLGD.L  and Micro Focus  MCRO.L  will be relegated from
London's FTSE 100  .FTSE  index from Sept. 23 following the
latest quarterly review, the index operator FTSE Russell said on
Wednesday.
    This is the first time M&A, the 135-year old retailer, will
be booted from the blue-chip index since the market's inception
in 1984 and follows a steady decline in its share price as it
struggled with stiff competition on the UK's shrinking high
street.  urn:newsml:reuters.com:*:nL5N25T3J1
    As expected, precious metals mining firm Polymetal
 POLYP.L , generic drugmaker Hikma  HIK.L  and aerospace and
defence group Meggitt  MGGT.L  will replace them, the London
Stock Exchange-owned FTSE Russell said.
    They have all been in the top 100 index before.

 (Reporting by Josephine Mason)
 ((Josephine.Mason@thomsonreuters.com; +44 207 542 7695; Reuters
Messaging: josephine.mason.reuters.com@reuters.net))
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