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FTSE 100 falls as Burberry and miners slide | |
(about 4 hours later) | |
(Noon): The London market headed lower, with mining companies and fashion group Burberry among the biggest fallers. | |
Shortly before midday, the FTSE 100 was down 28.79 points at 6,138.98. | |
Shares in fashion group Burberry slid 4.7% to 1089p after it reported a fall in full-year profits and said profits this year would be at the low end of forecasts. | |
Burberry said it expected "the challenging environment for the luxury sector to continue in the near term". | Burberry said it expected "the challenging environment for the luxury sector to continue in the near term". |
Mining shares were hit by a fall in copper prices as the value of the US dollar recovered. Anglo American fell 5.8% and Glencore dropped 4.8%. | |
On the currency markets, the pound jumped after a poll for London's Evening Standard newspaper suggested a big lead for the Remain camp ahead of the EU referendum vote. | |
Sterling rose 0.4% against the dollar to $1.4521, and was up 0.7% against the euro at €1.2874. |