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Broadcaster ITV set for FTSE 100 exit after share slump

British broadcaster ITV is set to be expelled from the FTSE 100 blue-chip index after its shares have fallen by about 60% this year, hit hard by an advertising slump triggered by the coronavirus crisis. Index manager FTSE Russell placed ITV on its "indicative FTSE 100 deletions" list on Aug. 26 and said it would make a final announcement on Wednesday, based on the data collected at Tuesday's close. ITV's market capitalisation, by far the weakest in the benchmark index, amounts to 2.4 billion pounds ($3.19 billion) and is smaller than those of dozens of companies in the mid-cap FTSE 250 index.
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