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FTSE 100 eases after four-day rally; Burberry slips

Published 02/07/2020, 04:17 PM
Updated 02/07/2020, 04:24 PM
FTSE 100 eases after four-day rally; Burberry slips
UK100
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HRGV
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BRBY
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FTMC
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* 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.

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