British fashion brand Burberry is poised to join the FTSE 100 index of leading shares.
Burberry, which listed four years ago as part of the break-up of parent company GUS, is set to move into the FTSE 100 on Thursday because Thomson Reuters has decided to end its London listing.
Following Thomson Reuters’ delisting, the company on the reserve list with the biggest market capitalisation as of Friday, which was Burberry, will be elevated to the FTSE 100.
Shares in Burberry closed on Monday at 505.5p, up 17.3p, valuing the group at £2.2bn.
Burberry will return to London Fashion Week this month, which takes place between September 18 and 22.