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Barclays Faces Expulsion From European Blue-Chip Index on Brexit

  • Linde poised to join as U.K. lender drops to smallest in gauge
  • Index provider Stoxx will announce decision in early December
A sign hangs outside a Barclays Plc bank branch in London.

A sign hangs outside a Barclays Plc bank branch in London.

Photographer: Luke MacGregor/Bloomberg

The steepest annual decline in Barclays Plc’s shares in seven years is putting the British bank in danger of losing its coveted place in the Stoxx Europe 50 index.

The lender, which has come under pressure from an activist investor to shrink its trading business, has lost about 17 percent of its market value this year as Brexit-related fears weigh on U.K. banks. That’s pushed it down to the bottom of the blue-chip European benchmark, which is followed by tracker funds, and would make it the first to exit when a new member joins.