Intu drops out of FTSE 250

Shopping centre landlord Intu Properties and Neil Woodford’s investment trust are among the companies that have been fallen out of the FTSE 250. Ted Baker and Metro Bank were also among those losing their places in the rankings, after their market caps fell below 350 other listed firms in Britain. It is estimated that Intu’s share price has plummeted by circa 77% over the past year to date. Its market cap stands at circa £477m. High street stalwart M&S has meanwhile been pushed outside of the FTSE 100 for the first time since the index launched in 1984. Shares at M&S have fallen by around 31% during the past year, on the back of ongoing turmoil on the high street. Its market cap stood at around £3.8bn this week. The index reshuffle has however seen other companies step up a tier. Notably, Sirius Real Estate, which has a market cap of around £733m, has been freshly promoted to the FTSE 250. To send feedback, e-mail pui-guan.man@egi.co.uk or tweet @PuiGuanM or @estatesgazette