LONDON, Sept 3 (Reuters) - Marks & Spencer MKS.L will be
relegated from London's FTSE 100 .FTSE index for the first
time since the inception of the blue-chip index in 1984,
according to Reuters calculations based on Tuesday's closing
prices.
The 135-year old retailer's shares were valued at 3.7
billion pounds ($4.54 billion), making it the 115th most
valuable stock among London-listed companies, according to
closing data.
FTSE Russell, London Stock Exchange-owned index provider,
requires companies to be ranked 110 or higher to be a part of
the FTSE 100 index.
The final FTSE 100 review will be based on closing prices on
Tuesday, with the results announced after the end of trading on
Wednesday. It will go into effect on Sept. 23.
FTSE Russell said on Monday that high-street icon was among
the likely companies to be excluded from the UK blue-chip index
based on Friday's closing prices. = 0.8145 pounds)