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AA out of FTSE 250 despite late surge

Mar 01, 2018 - The Daily Telegraph (London)

THE AA enjoyed its best day of trading ever but it came too late for the troubled roadside rescuer to cling on to its FTSE 250 status as it was dumped out of the mid-cap index in London's latest reshuffle.

The motoring breakdown giant's share price has been stuck in reverse gear since last summer but its plunge deepened last week after unveiling a strategy revamp.

Its share price slipped 37pc in a week after it slashed its dividend, warned on profits, and new boss Simon Breakwell out...