Burberry's 15-Year Stay in FTSE 100 Nears End After Share Slump [Yahoo! Finance]
BURBERRY GROUP PLC S/ADR (BURBY)
NASDAQ:AMEX Investor Relations:
burberryplc.com/en/investors.html
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Source: Yahoo! Finance
(Bloomberg) -- Burberry Group Plc is on the verge of exiting the FTSE 100 Index, ending the luxury-goods maker's 15-year stay in the UK blue-chip gauge. Most Read from Bloomberg Chicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host City Sydney Central Train Station Is Now an Architectural Destination With Housing Costs High, Democrats Hone YIMBY Message With Self-Driving Vans, Hamburg Tries to Make Microtransit Work UK Transport Minister Clears Path for More 20mph Speed Zones Hampered by an industry-wide slowdown in demand and a faltering brand revamp, the firm's shares have slumped by a third over the past three months, sending Burberry tumbling down the market-value rankings that index compiler FTSE Russell uses to determine changes to the benchmark. Ahead of Tuesday's quarterly announcement of provisional changes to the index, Burberry's market capitalization of £2.5 billion ($3.3 billion) puts it 140th in the FTSE 350 Index of the UK's large and mi
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