Britain's M&S Teetering On The Brink Of FTSE 100 Relegation
Britain's Marks & Spencer is expected to report a second straight fall in annual profit next week, and with the retailer's shares down nearly a quarter over the last year it is in danger of soon being booted out of the FTSE 100 index.
The 134-year-old M&S has been a member of the blue-chip index since its inception in 1984. Relegation would be a totemic moment for a British institution that has fallen out of fashion over the last decade.
M&S faces unrelenting competition both in clothing and food on the high street and online, while efforts to revitalise its business are being hampered by an ongoing squeeze on consumers' spending power.
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