Burberry drives FTSE 100 forward

Burberry drives FTSE 100 forward
Burberry drives FTSE 100 forward
 
 

Tuesday, 19, Jan 2010 05:58

The FTSE 100 has continued its positive start to the week, ending the day up 0.34 per cent led by the luxury fashion group Burberry.

At the end of play on Tuesday the London index stood at 5,513.14, a rise of 18.75 points, backing-up the gains made yesterday.

Burberry ended the day up 8.26 per cent to 649p following the announcement of stronger than expected annual profits.

Cadbury also saw impressive gains with the news it had agreed to a takeover bid from the US firm Kraft.

The British confectionary firm saw its share prices rise 3.59 per cent to 836.5p.

The banking sector suffered the most in Tuesday's trading, with Lloyds Banking Group dropping 2.58 per cent to 57.07p, and Barclays falling 1.78 per cent.

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