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Burberry tops FTSE 100 on profits jump but market remains dogged by trade war and Brexit worries

Luxury brand Burberry (BRBY) shot to the top of the FTSE 100 leader board on Thursday after reporting a rise in half year profit as new collections boosted sales. Shares in the company rallied close to 7% in early trading to £22.02 as the £9bn business delivered an 11% hike in pre-tax profit to £193m for the 26 weeks ended 28 September, although the UK fashion brand said it expected a ...

Market Report: Merlin pressure rises as activist calls for action, Serco jumps on naval acquisition

UK stocks are in sharp reverse in early trade on Thursday as growing tensions between the US and China, and doubts over Theresa May's government leadership because of Brexit continue to gnaw away at investor confidence. The benchmark FTSE 100 slumps more than 80 points, or roughly 1.2%, to 7,247.66, although a swathe of companies going ex-dividend today (when new shareholders lose the right to ...
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