FTSE 100 movers: Burberry slumps; Intertek lifted by JPM note

London’s FTSE 100 was down 1.2% at 6,632.77 in afternoon trade on Thursday.

Luxury fashion brand Burberry was the biggest faller. Traders noted it is among the companies potentially facing a backlash in China after expressing concerns about the alleged used of forced Uighur labour for the production of Xinjiang cotton.

According to reports, Burberry, Adidas, Nike and New Balance are among the companies that have criticised Xinjiang cotton.

Elsewhere, NatWest and Schroders fell as their shares traded without entitlement to the dividend.

On the upside, Intertek was the standout gainer on the index after JPMorgan said it was its preferred name in the testing, inspection and certification space, followed by Bureau Veritas.

FTSE 100 - Risers

Intertek Group (ITRK) 5,710.00p 3.25%
Experian (EXPN) 2,495.00p 1.71%
Severn Trent (SVT) 2,312.00p 1.36%
SSE (SSE) 1,447.00p 1.26%
Berkeley Group Holdings (The) (BKG) 4,443.00p 1.00%
Persimmon (PSN) 2,974.00p 0.98%
M&G (MNG) 205.20p 0.98%
National Grid (NG.) 869.60p 0.86%
Smith & Nephew (SN.) 1,353.50p 0.86%
Halma (HLMA) 2,379.00p 0.85%

FTSE 100 - Fallers

Burberry Group (BRBY) 1,875.00p -5.94%
Antofagasta (ANTO) 1,615.50p -4.15%
NATWEST GROUP PLC ORD 100P (NWG) 188.70p -3.70%
Glencore (GLEN) 268.20p -3.58%
British Land Company (BLND) 496.60p -3.42%
Schroders (SDR) 3,432.00p -3.19%
Royal Dutch Shell 'A' (RDSA) 1,416.80p -3.17%
Royal Dutch Shell 'B' (RDSB) 1,345.40p -3.01%
DCC (CDI) (DCC) 6,422.00p -2.90%
Renishaw (RSW) 5,700.00p -2.90%