Burberry nudges FTSE 100 higher; profit alert hits A.G.Barr

  • Reuters
  • Stock Market News
Burberry nudges FTSE 100 higher; profit alert hits A.G.Barr
Credit: © Reuters.

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* FTSE 100 up 0.1%, FTSE 250 about flat

* Investors await U.S. retail sales data

* Burberry jumps after upbeat Q1 update

* A.G.Barr tanks after profit warning

July 16 (Reuters) - London's main stock market index inched higher on Tuesday, helped by gains in healthcare shares and Burberry, which surged after its first-quarter update showed new designs from creative chief Riccardo Tisci were boosting sales.

The FTSE 100 .FTSE added 0.1% and the mid-cap FTSE 250 .FTMC was roughly flat by 0711 GMT as investors awaited U.S. retail sales data and more corporate earnings reports to assess the health of the world's largest economy.

Luxury brand Burberry BRBY.L rose 6.5% to a near one-year high after it posted a stronger-than-expected rise in first-quarter comparable store sales and affirmed its annual forecast. BAG.L tumbled more than 23% on the mid-cap index after a challenging start to the year led the Irn-Bru maker to warn that its annual profit would sink 20% compared with last year.

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