ITV and Royal Mail to drop out of FTSE 100 in reshuffle

Royal Mail has been hit by rising costs and a fall in demand for parcel deliveries. Photograph: Philip Toscano/PA

Broadcaster ITV and postal delivery group Royal Mail are being ejected from the UK’s blue-chip share index in its latest reshuffle.

Both companies are dropping out of the FTSE 100 index after their values fell amid the cost-of-living crisis and the economic turmoil caused by the war in Ukraine.