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London Markets: Burberry shares punished, but FTSE 100 gains as commodity shares rise

Stocks drove higher in the U.K., with strengthening oil prices contributing to improved sentiment, but Burberry Group PLC shares were tumbling by the most in a year following a financial update from the luxury-goods maker.

The FTSE 100 UKX, +0.97% popped up 0.9% to 7,006.09. All sectors rose, led by the mining and oil and gas groups.

But Burberry BRBY, -7.41% was the standout as its shares dropped 7.1%, on their way to the worst performance since October 2015. The shares were pushed back after the fashion retailer posted a 4% decline in underlying revenue for the first quarter, with weaker wholesale revenue outweighing a rise in retail revenue.

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