Marks & Spencer's exit from the FTSE 100 underlines how times have ...
underlines how times have changed since the blue-chip index was launched in 1984, when it was dominated by British companies including household names like M&S, Cadbury and House of Fraser.
Home-grown talent is increasingly absent from the FTSE, now valued at $2.4 trillion, as failure to grow domestically or make the cut internationally has seen companies disappear via mergers, demotions, de-listing or privatization. British Home Stores and Magnet & Southerns were other big retail names that have either failed or been bought by other companies.
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