Burberry helps FTSE 100 rise slightly in early trading on Friday
Burberry helps FTSE 100 rise slightly in early trading on Friday
Friday 19th February 2010
By 09:40 GMT this morning Britain's leading share index was up 0.17 per cent, or 9.09 points, after ending Thursday on a one-month high.Burberry Group led the gainers adding 1.41 per cent in early trading, following an announcement this week that the global luxury company is planning the restructuring of its Spanish operations consistent with its strategy of aligning Burberry in the country with its global business model.
Royal Bank of Scotland (RBS) gained 0.7 per cent and is expected to post results next week.
Miners weighed down on the share index, with Anglo America losing two per cent and Randgold Resources losing 1.78 per cent.
Pharmaceuticals were also dragging the FTSE 100 down, with GlaxoSmithKline shedding 1.05 per cent.
Volatility on the share index was put down to futures and options expiry, due later.
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