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Stock impact report

London Markets: FTSE 100 falls for third straight day as Burberry, Pearson drop sharply [MarketWatch]

Pearson, Plc (PSO) 
Company Research Source: MarketWatch
FTSE 100 falls for third straight day as Burberry, Pearson drop sharply U.K. stocks fell Wednesday, with a slide in shares of fashion house Burberry Group PLC and publisher Pearson PLC leading the blue-chip market toward a potential loss for the third consecutive session. How markets are moving: The FTSE 100 index UKX, -0.28% was down 0.2% to 7,744.63, with consumer services leading most sectors lower. But the utility, basic materials and financial groups were higher. On Tuesday, the London benchmark fell 0.2%, moving further away from the all-time closing high of 7,778.64 reached last week. The pound GBPUSD, +0.0073% traded at $1.3775, slipping from $1.3790 late Tuesday in New York. What’s driving markets: More corporate updates for the new earnings season are rolling in, and Burberry shares were big losers after the luxury-goods maker posted a decline in quarterly sales. The retail sector will come into further focus Friday with the release of U.K. retail sales for December, Show less Read more
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