Ocado stock has plunged 53% this year so far
Ocado and St James’s Place are set to exit the FTSE 100 after a slump in their share prices.
A reshuffle based on last night’s closing values will be confirmed today by global index provider FTSE Russell. Dismal performances mean both companies have been left worth less than £3billion.
For Ocado this will mark the end of a six-year stint on the blue-chip index. Its stock has plunged 53 per cent this year so far. After a pandemic boom, Ocado has lost almost 90 per cent of its value since its Covid peak in 2020.
Wealth manager St James’s Place’s share price has fallen by almost a quarter over the past six months.
It was forced to set aside £426million earlier this year to deal with potential refunds in…
