Early days of course but the pointless clubs at the foot of the Premier League — West Ham, Brighton, Crystal Palace, Newcastle and Bournemouth — look like they’ll be the candidates for the drop all the way through to next May. Some of these are yo-yo clubs, spending their lives migrating between the top tier and the Championship.
But does the yo-yo experience translate to the FTSE 100? It does. Without wishing to be too disparaging to Berkeley Homes, the housebuilder is shaping up to be the Norwich City (relegated four times, promoted four times in the last 14 seasons) of the blue-chip index. Berkeley dropped out two years ago, got back in, dropped out again one year ago and now is a candidate for