Friday, April 26, 2013

Reuters: Hot Stocks: UK's FTSE pauses after rally, Burberry slips

Reuters: Hot Stocks
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UK's FTSE pauses after rally, Burberry slips
Apr 26th 2013, 07:12

LONDON, April 26 | Fri Apr 26, 2013 3:12am EDT

LONDON, April 26 (Reuters) - Britain's benchmark share index edged lower on Friday to end a three-day rally, as some weak corporate earnings and caution ahead of U.S. economic data later in the session led investors to trim equity holdings.

The blue-chip FTSE 100 index fell by 0.1 percent, or 6.89 points, to 6,435.70 points by 0708 GMT.

Luxury goods stock Burberry fell 0.7 percent as French rival PPR slumped after posting sales that were below forecasts. (Reporting by Sudip Kar-Gupta)

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