Overview
- FTSE Russell confirmed the move in its quarterly review, with index changes implemented at the close on Sept. 19 and taking effect on Sept. 22.
- Metlen Energy and Metals will also enter the FTSE 100 after moving its primary listing from Athens and listing in London last month.
- Homebuilder Taylor Wimpey and student housing provider Unite Group will leave the FTSE 100 and shift to the FTSE 250.
- Analysts credit Burberry’s recovery to a refocus on British heritage and flagship outerwear under Schulman’s overhaul.
- Inclusion is expected to broaden access to passive index-tracking investors, which analysts say could support the share price post-entry.