Ocado shares have plummeted 53% so far this year
Ocado and St James’s Place will exit the FTSE 100 after a drop in their share price.
Global index provider FTSE Russell will today confirm a reshuffle based on last night’s closing values. The dismal results mean both companies have been left worth less than £3bn.
For Ocado this will mark the end of a six-year period in the blue-chip index. So far this year, its shares have plummeted 53 percent. After a pandemic boom, Ocado has lost almost 90 percent of its value since its Covid peak in 2020.
The share price of wealth manager St James’s Place has fallen by almost a quarter in the last six months.
It was forced to set aside £426m earlier this year to deal with potential refunds following customer complaints.
Cybersecurity group Darktrace will return to the FTSE 100 index for the first time since its inception in December 2021.
But not for long, as it was recently bought by US private equity firm Thoma Bravo in a £4.2bn deal.
Housebuilder Vistry Group will also enter the FTSE 100.
