Ocado stood on the brink of dropping out of the FTSE 100 tonight, in the latest blow to investors already hit by a 90% drop in the value of their shares in four years.
The lingering slump has also come amid threats of legal action with its joint-venture partner Marks and Spencer. That piled more pressure on the stock and Ocado’s combative boss, Tim Steiner, amid controversy over high pay and a 5-year package worth up to £100 million.
