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FX.co ★ FTSE 100 Marginally Lower In Cautious Trade; Burberry Slumps 16%

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typeContent_19130:::2024-07-15T10:17:00

FTSE 100 Marginally Lower In Cautious Trade; Burberry Slumps 16%

U.K. stocks saw minimal movement on Monday as investors processed disappointing GDP data from China and weighed the potential ramifications of an assassination attempt on former President Donald Trump.

The FTSE 100 index edged slightly lower to 8,245, following a 0.4 percent increase on Friday. Luxury brand Burberry plummeted 16 percent after issuing a new profit warning.

Online retailer and technology firm Ocado tumbled 8.6 percent after being downgraded to 'underperform' by broker Bernstein.

ME Group International, which operates vending machines, rose 1.1 percent following a strong performance report for the six months ending 30 April 2024.

Brunner Investment Trust gained 1 percent after announcing an increase in half-year profits. However, recruitment firm Robert Walters declined by 2.3 percent, owing to a fall in gross profit in the first half of the year and cautioning that challenging macroeconomic conditions are likely to persist longer than anticipated.

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