DMGT falls out of FTSE 100

The Daily Mail & General Trust group is reported to be dropping back out of the FTSE 100 after rejoining it in March 2007.

The company will be listed in the FTSE 250 from 2008, according to the Press Gazette.

Prior to this, the group enjoyed a seven-year tenure in the top 100 until it first dropped out in June 2006.

The company's share price has been on a downward path since its year high of 875.50p in May, with early trading around 506p, the lowest since March 2003.