FTSE edges ahead

Fashion house Burberry was the top faller in the FTSE 100 Index today as its stellar annual results were overshadowed by a bout of profit-taking.

FTSE edges ahead
Thu, 26 May, 2011 - 19:19

Fashion house Burberry was the top faller in the FTSE 100 Index today as its stellar annual results were overshadowed by a bout of profit-taking.

The chain reported a 39% increase in underlying pre-tax profits to £298m (€345m), in line with City expectations, but shares dropped 60p to 1260p after some investors cashed-in on its recent hot run of form.

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