FTSE boosted by rising miners, Burberry falls

FTSE boosted by rising miners, Burberry falls
 

British stocks climbed on Tuesday, rebounding from a fall in the previous session as rising mining companies helped outweigh a sharp drop in Burberry's shares.
The blue chip FTSE 100 index was up 1 percent at 7,018.99 points by 0904 GMT, in line with a broader rally among continental European indexes.
Luxury goods maker Burberry, however, slumped 8.5 percent and was on track for its biggest daily fall in more than 4 years after reporting results, with analysts at Liberum citing weakness in its wholesale figures.
"Burberry ... (has) been caught in this weaker pound increasing profits... read more

 
18 October 2016 in World News, Views: 40
Source: Reuters
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