The budget airline easyJet is poised to drop out of the FTSE 100 this week after a price war and fears over terrorism and Brexit sent its shares plunging.
The outsourcing giant Capita, the electronics retailer Dixons Carphone and the shopping centres company Intu are also tipped for relegation from the stock market’s top tier in its quarterly reshuffle.
EasyJet’s likely demotion would cap a dire year for the airline, run by Dame Carolyn McCall. Its shares are down by more than a third in a year, valuing it at £3.7bn.
Capita, which has contracts to recruit soldiers and to fit electronic tags to criminals, has been hammered by slower spending by customers. Shares in Dixons Carphone have fallen by a third over the year.