CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
US English

Turnaround surge sets M&S (MKS) on course for FTSE 100 re-entry

By Daniela Ešnerová


Updated

Close-up on the company name Marks & Spencer on the exterior of a store
MKS share price surge brought the company to market capitalisation of £4.53bn – Photo: Shutterstock

Wednesday’s surge in Marks & Spencer (MKS) stock has set the British retail stalwart on course for a return to the top 100 biggest companies listed on the London Stock Exchange (LSE).

The company’s announcement on Wednesday that annual profits will come in ahead of expectations caused its share price to surge 16.5%. On Thursday the shares were up a further 2.3% at 231.6p – giving the company a market capitalisation of £4.53bn ($6bn).

Should the retailer keep up the momentum, it could make the cut to become one of the 100 highest valued companies listed on the LSE. 

M&S dropped from the FTSE 100 – or “footsie” – in September 2019 for the first time in the index's history, during a challenging period for the retailer, which forced the company to close 120 stores. At this point the shares were worth around 170p, and subsequent declines saw the stock trade, briefly, below 75p during the early part of the pandemic in March 2020.

Battle for FTSE 100 spot

The FTSE constituents are reviewed every quarter. At around 12:00 GMT, the bottom four companies in the FTSE 100 by market capitalisation were worth:

USD/JPY

151.39 Price
+0.040% 1D Chg, %
Long position overnight fee 0.0113%
Short position overnight fee -0.0195%
Overnight fee time 21:00 (UTC)
Spread 0.010

AUD/USD

0.65 Price
-0.600% 1D Chg, %
Long position overnight fee -0.0073%
Short position overnight fee -0.0009%
Overnight fee time 21:00 (UTC)
Spread 0.00006

EUR/USD

1.08 Price
-0.330% 1D Chg, %
Long position overnight fee -0.0080%
Short position overnight fee -0.0002%
Overnight fee time 21:00 (UTC)
Spread 0.00006

AUD/USD_zero

0.65 Price
-0.630% 1D Chg, %
Long position overnight fee -0.0073%
Short position overnight fee -0.0009%
Overnight fee time 21:00 (UTC)
Spread 0.00006

M&S would have to keep its momentum going, however, as there are several FTSE 250 companies that are ahead of it in the queue. As of 12:00 GMT, these include:

What is your sentiment on UK100?

7955.1
Bullish
or
Bearish
Vote to see Traders sentiment!

Re-shuffle is a busy day for trading

“At each review some companies will exit and others will enter, this impacts share price and is a busy day of trading,” notes the LSE’s website. 

FTSE’s date for the indicative review market capitalisation data cut-off falls on 19 November 2021 and notification of indicative index membership changes to the FTSE 100 and FTSE 250 is on 23 November 2021.

Read more: Marks and Spencer (MKS) shares soar 15% in early trading

Markets in this article

BLNDgbp
British Land
3.945 USD
0.005 +0.130%
RS1
RS Group Plc
7.310 USD
0.005 +0.070%
HWDN
Howden Joinery Group
9.041 USD
0.024 +0.270%
HWDN
Howden Joinery Group
9.041 USD
0.024 +0.270%
MKS
M&S
2.646 USD
-0.015 -0.570%

Related topics

Rate this article

The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 580.000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading