🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI

FTSE 100 eases after four-day rally; Burberry slips

Published 07/02/2020, 09:17
Updated 07/02/2020, 09:19
© Reuters.  FTSE 100 eases after four-day rally; Burberry slips
UK100
-
HRGV
-
BRBY
-
FTMC
-

(For a live blog on European stocks, type LIVE/ in an Eikon

news window)

* FTSE 100 down 0.2%, FTSE 250 flat

* Burberry warns of hit to demand from coronavirus

* Hargreaves Lansdown slides to bottom of main index

Feb 7 (Reuters) - London's main index fell on Friday as

dealers locked in profits after four straight sessions of gains

amid lingering worries over the coronavirus, and as luxury brand

Burberry skidded after blaming the outbreak for hurting demand.

The China-linked virus has killed more than 600 people so

far, including a doctor who was among the first to sound an

alarm over its outbreak. Authorities continue to implement

containment measures. The FTSE 100 .FTSE , which had risen 3% this week, gave up

0.2%. Investment platform Hargreaves Lansdown HRGV.L shed 4%

after a discounted share sale by its co-founder and largest

investor.

Burberry BRBY.L slid 3% after it said the coronavirus

outbreak was hurting luxury demand in key markets in the Chinese

mainland and Hong Kong, and anticipated the situation would

worsen over the coming weeks. The FTSE 250 .FTMC was roughly flat in early deals.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.