Burberry to return to FTSE 100 after a year's absence as overhaul strategy gains pace

Group 1 - Burberry is set to re-join the U.K.'s FTSE 100 index later this month, one year after being relegated from it [1] - The upgrade is part of a quarterly reshuffling at the London Stock Exchange Group (LSEG) and reflects Burberry's recovery under CEO Joshua Schulman's leadership [1] - Burberry shares were down approximately 1.1% by 8:40 a.m. London time [2] Group 2 - Burberry fell out of the FTSE 100 in September 2024, ending a 15-year presence in the index [2] - The company will return to the FTSE 100 alongside Metlen Energy & Metals, with changes effective from September 22 [2] - Homebuilder Taylor Wimpey and student accommodation business Unite Group will exit the FTSE 100 and move to FTSE 250 [3]