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Article: Burberry back in Footsie with Rentokil and Segro ; MARKET ROUND-UP
- Article from:
- The Evening Standard (London, England)
- Article date:
- September 7, 2009
- Author:
CopyrightCopyright 2009 Evening Standard - London. Provided by ProQuest LLC. (Hide copyright information)
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A COUPLE of familiar names are set this week to make a welcome
return to the list of blue chip companies that make-up the Footsie
100 Index.
The regular quarterly review of the index on Wednesday is
expected to see the luxury goods retailer Burberry promoted from the
FTSE 250 Index back into the top flight having been demoted earlier
this year. The Burberry share price was trading at around 497 1/2p
this morning having more than doubled in value since the start of
the year. Only last week, Bernstein raised its rating on the shares
from underperform to market perform, but also jacked-up its 12-
month target price from 360p to 520p as it appeared to try and do a
bit of catching-up. The ...