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

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.
The online retailer's promotion to the blue chip index was confirmed on Wednesday in the latest quarterly reshuffle.
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.
Ocado's elevation underlines a big transformation at the company, as well as the rapid growth of online retailing generally.
The business has been selling its... read more

 
30 May 2018 in Business, Views: 55
Source: BBC
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