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WPP is set to exit the FTSE 100 after a client exodus and fears over competition from AI pushed its shares to a 20-year low. The company's place in the UK's premier stock index will be taken by British Land Co. WPP has twice cut its sales growth target this year and undergone a management transition. Its stock has fallen by nearly two-thirds this year, leaving it with a market value of around £3.1 billion.

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