FTSE 100 higher but Burberry falls

FTSE 100 higher but Burberry falls
 

The UK market opened higher, recovering some of Monday's losses, but shares in Burberry fell following its latest trading update.
The benchmark FTSE 100 index was up 57.23 points, or 0.8%, at 7,004.78.
But Burberry shares fell 6.5%, despite the fashion house reporting a big rise in UK retail sales as tourists headed to its stores in London to take advantage of the weaker pound.
The company said underlying UK sales had jumped 30%.
However, total revenues for the six months to 30 September fell 4% on an underlying basis to £1.16bn.
Shares in education publisher Pearson fell a further 3.5%. On... read more

 
18 October 2016 in Business, Views: 35
Source: BBC
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