Sector movers: Burberry lifts personal goods higher

18th Jan 2011 16:08

Personal goods is higher after bumper demand for outdoor coats and other luxury accessories meant a storming third quarter for Burberry with revenue up by 30% and profits now set to hit the top end of forecasts this year. Sales overall rose by 27% to £480m from £380m. Retail sales by 36% to £335m on an underlying basis. New space generated 8% of this underlying growth, while China contributed a further 14%.The pharmaceuticals and biotechnology sector is lower again led by GlaxoSmithKline which took a £2.2bn charge in relation to sales and marketing investigations surrounding its diabetes drug Avandia.The share price is lower despite financial services firm Matrix retaining its 'buy' rating on the stock, saying that the pharmaceuticals giant will emerge from the latest lawsuits in a stronger position.Top performing sectors so far todayPersonal Goods 19,272.30 +3.52%Mobile Telecommunications 4,092.22 +2.30%Alternative Energy 4,027.81 +2.20%Technology Hardware & Equipment 718.57 +2.19%Household Goods & Home Construction 6,640.40 +1.92%Bottom performing sectors so far todayPharmaceuticals & Biotechnology 8,686.52 -0.97%Forestry & Paper 5,644.19 -0.85%Construction & Materials 4,128.28 -0.53%Automobiles & Parts 5,358.85 -0.30%Aeronautics and Defence NULL 0.00%