Sector movers: Burberry lower ahead of results

25th May 2011 15:52

Burberry, the luxury fashion brand, is dragging the personal goods sector lower.The group is due to report its final results on Thursday, and revealed in April that it expects profits for the year to 31 March to be at the top end of forecasts, after a strong final quarter.Shares have risen by around 15% since the start of January.The banking sector is rising higher on Wednesday, recovering some losses experienced yesterday.Banking peers Barclays, HSBC, Lloyds, Standard Chartered and RBS are among the risers despite being under pressure on Tuesday, when it was revealed that Moody's is considering downgrading ratings of several UK banks as its worried that credit risk may increase after the withdrawal of government support.---BCTop performing sectors so far todayBanks 4,488.14 +1.29%Financial Services 5,890.04 +0.58%Mining 24,876.74 +0.38%Food & Drug Retailers 4,851.25 +0.34%Oil & Gas Producers 8,272.84 +0.31%Bottom performing sectors so far todayPersonal Goods 21,267.45 -1.26%Forestry & Paper 6,306.63 -1.10%Tobacco 31,149.09 -0.94%Beverages 9,654.96 -0.85%Fixed Line Telecommunications 2,397.60 -0.83%