Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Guardian - UK
The Guardian - UK
Business
Alex Hawkes

Burberry shares fall on Japan fears

Shares in Burberry fell this morning, due to investor concern over falling demand for luxury goods following the Japanese tsunami.

The London market was trying to assess the effects of the Japanese disaster this morning, as investors around the world started to consider the economic impact of the tragedy.

Japan is the third largest markets for luxury goods globally, after the US. According to analysts at Bain, it was worth €18bn (£15.6bn) in 2009.

Shares in the fashion house were down 5.5%, or by 65p, at £11.09, at 9:15 this morning.

Temporary power supplier Aggreko, meanwhile, was up following the events in Japan, amid continued concern over the power situation following the explosions at the Fukushima plant.

Shares in the company were 4.7% better, up 66p, at £14.73.

Uranium explorers were also falling on the Japanese news.

Berkeley Resources was down the most - down 12.5%, or 11.5p, to 80.9p. Kalahari Minerals was also down, 4.3%, or by 13p, to 285p.

The market as a whole remained resilient, up by 1 point to 5,829.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.