Burberry slips as CEO steps down Informa climbs after Citigroup raises PT FTSE 100 down 0.3%, FTSE 250 off 0.2%
June 28 (Reuters) - London s FTSE 100 edged lower on Monday,
dragged down by losses in heavyweight financial and consumer
discretionary stocks, while Burberry slipped to the bottom of
the index after the resignation of its chief executive officer.
The blue-chip index fell 0.3%, with Burberry
tumbling 8.1% after the luxury group said its CEO Marco
Gobbetti would step down from the role to take up another
opportunity in his native Italy..
Life insurers and banks fell
0.8% each and were among the biggest drags to the index.
The domestically focused mid-cap FTSE 250 index
Burberry, financials drag FTSE 100 lower
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FTSE : Burberry, financials drag FTSE 100 lower
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