Marks and Spencer to return to FTSE 100 after 4-year absence

Marks and Spencer is making a return to the FTSE 100 four years after it dropped out, in the latest sign of the changing fortunes of the UK retailer. Index complier FTSE Russell confirmed the move on Wednesday afternoon, adding that technical products provider Diploma, Hikma Pharmaceuticals and Dechra Pharmaceuticals would also join the blue-chip index following the reshuffle. M&S chief executive Stuart Machin said it was “good news” and “a reflection of everyone’s hard work” after two decades of failed reinventions, but he cautioned that it was “just another day” in its 139-year history.