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Yahoo FinanceSep 24 23:04

Burberry will be removed from the index by FTSE Russell, with the stock price falling by about 70% in the past 12 months.

On September 5th, after 15 years of being included in the FTSE 100 Index, the British fashion luxury brand Burberry has been removed from the index, and the adjustment will take effect on September 23rd. Burberry will be included in the FTSE 250 Index, which has a lower market capitalization requirement. So far this year, Burberry has fallen by more than 50%, and in the past 12 months, it has fallen by about 70%, with a market cap of 2.34 billion British pounds, lower than other FTSE 100 constituents and even lower than the better-performing constituents in the FTSE 250 Index. The company's first-quarter financial report shows a significant drop in retail revenue.

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