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0748 GMT [Dow Jones] Burberry (BRBY.LN) tops the list of UK 100 fallers, down 18% at 1130p, after the company issued a profit warning Tuesday, saying it expects adjusted profit before tax for the twelve months ended March 31, 2013 to be around the lower end of market expectations. “The luxury retailer has been a stellar performer during the financial crisis,” says Mike van Dulken, Head of Research at Accendo Markets. “While a return to the highs of late may be unlikely any time soon, this morning’s selling may be overdone providing a short-term trading opportunity,” van Dulken adds. ([email protected])
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