Burberry exits London's FTSE 100

By Agence France-Presse

Sep 06, 2024 12:04 am

The relegation will 'take effect from the start of trading' on September 23, the exchange's FTSE Russell subsidiary said in a statement.

Burberry, whose former chief executive hastily departed in July following poor company earnings, and the global luxury sector as a whole have been hit by strains in China's economy, the world's second biggest.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Trade barriers would trigger retaliation – ECB

Taiwan to help China companies relocate

Japan ready to act against weaker yen

Manulife Q3 profit better than expected

Singapore bank DBS Q3 profit jumps to SG$3.03B

Qualcomm sees chips sales above estimates

Tesla shares soar more than 14% after Trump win