Burberry Set to End 15-Year Stay in FTSE 100 After Stock Slump
- Luxury-goods maker indicated to leave benchmark: FTSE Russell
- Hiscox, Tritax Big Box REIT in contention for promotion
Hampered by an industry-wide slowdown in demand and a faltering brand revamp, Burberry shares have slumped by a third over the past three months.
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Burberry Group Plc is poised to exit the FTSE 100 Index, ending the luxury-goods maker’s 15-year stay in the UK blue-chip gauge.
The stock will likely drop down to the midcap FTSE 250 Index at September’s quarterly rebalancing, FTSE Russell said in a statement Tuesday, ahead of final changes being announced next week.