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FTSE 100 movers: Burberry slumps on downgrade; BP, Shell gush higher
By Michele Maatouk
Date: Wednesday 09 Sep 2026
(Sharecast News) - London's FTSE 100 was down 1% at 10,703.21 in afternoon trade on Wednesday.
Burberry slumped as HSBC downgraded its stance on the luxury fashion brand to 'hold' from 'buy' and slashed the price target to 1,200p from 1,350p as it took a look at global luxury goods.
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