It’s likely to be one of the last few days that Burberry is included in the list of 100 most valuable companies on the London Stock Exchange – the FTSE 100 – and this morning the British fashion retailer is the biggest loser of the index.
Its share price is down 1.69%, the most of any of the 100 companies, as it’s expected to be booted out next week due to share price tumbles. It had been a stalwart of the FTSE 100 for 15 years.
Oil is ending the week back above $80 – higher than most of the past few days – at $80.42 for a barrel of the benchmark Brent crude.
The pound has stayed high, or more accurately the dollar has stayed weak, with one pound falling just about below the more than two-year high of $1.32. Currently a pound buys $1.31.
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