Shares - which slid 1.2 per cent, or 8p, to 677.8p - have more than halved in value this year. The stock hit its lowest level in 14 years last month after the group issued a profit warning and scrapped its dividend. Burberry, worth £2.5billion, is expected to be demoted into the FTSE 250 when indicative changes for the latest reshuffle are announced. It is likely to be replaced by the Lloyd's of London insurer Hiscox.
Wood, who runs fund firm Ark Investment Management, has sounded alarm bells over Britain's investment landscape compared with the US.
The German political heavyweight came under fire in 2016 after making remarks about Chinese businessmen to other industry leaders.
The lingerie company said profits hit £24m for the three months to the end of June, up from a loss of £760,000 in same period of the previous year.
The European Central Bank looks set to cut interest rates again at its next meeting after eurozone inflation fell to its lowest level in three years in August.
The University of Manchester spin-out told investors on Friday it expects no further orders for its first-generation tech from an unnamed European customer.
Home REIT is being wound down amid sizeable debts, the threat of legal action and a probe by the financial regulator.
The car maker told employees that after taking a 'fresh look' at its Diversity, Equity and Inclusion policies, it had decided to pull the plug on most of them.
Chancellor Rachel Reeves is expected to announce that executives will have to pay a higher rate of tax on their earnings.
Richard Walker, who oversees around 1,000 UK shops, is among those sounding the alarm over a worrying retail crime epidemic in Britain.
Rufus Radcliffe will join from ITV, where until April he was a member of the executive committee. In March, STV's current chief executive, Simon Pitts, announced he planned to step down.
Analysts have tipped Raspberry Pi to achieve FTSE 250 status in the latest shake-up of London markets, less than three months after the computer maker went public.
Premier Inn owner Whitbread is tipped to benefit from the comeback of UK rock band Oasis fronted by brothers Noel, left, and Liam Gallagher.
The German economy shows little sign of emerging from stagnation after shrinking by 0.1% in the second quarter compared to the first three months of the year. Confirming prior estimates , Germany's statistics office said on Tuesday that the country's economy 'cooled down again the spring' following first quarter growth of 0.2%.
Quiz posted an 11% fall in sales to £27.3m in the second half of the year, resulting in a loss of £6.7m, compared to a profit of £2.3m a year earlier.
Lenders may be in the firing line ahead of Rachel Reeves' Budget on October 30 after their profits rocketed last year due to high interest rates.
If you think Sir Keir Starmer's warning of higher taxes to come is scary, then take a look at what US vice-president Kamala Harris is planning.
Matos' upcoming departure is one of several significant changes in its leadership on the eve of Georges Elhedery starting as the group's new chief executive.
The energy giant wants to reduce its oil and gas exploration and development workforce by 20% compared to 2022.
Hotly-anticipated second quarter figures showed Nvidia's profits surging 168% to £12.6bn and sales climbing 122% to £22.8bn.
Drax burns wood pellets at its North Yorkshire power station (pictured) and qualifies subsidies on the basis that the process is carbon neutral.
Sainsbury's has bought a portfolio of ten Homebase stores, which it intends to convert into new supermarkets across the UK as part of a £130million investment.
Builders' merchant owner Grafton Group is set to continue cutting jobs this year after profits sank in the first half amid weakness in the UK property market.
My phone hasn't stopped ringing since Sir Keir Starmer gave his speech of misery setting out what must be the bleakest vision of Britain ever delivered by a victorious Prime Minister.
Thank goodness Sir Keir Starmer isn't a doctor. His bedside manner is so morose that he could probably persuade his patients to switch off their own life support machines. What's truly baffling about Starmer is that he came to power only a few weeks ago with so much goodwill and a whopping majority. He is the one who should be cheerful - he won after all.
The Government may be about to wage a war on wealth by raising taxes on capital gains and inheritance but Labour seems relaxed about fat cat pay in Britain's boardrooms. As unions flex their wage-bargaining muscles, top pay continues to rise and the gap widens between the earnings of chief executives and their workers. That growing gulf - 431 times in the case of Tesco - was described in 2017 by then Prime Minister Theresa May as 'damaging the social fabric of our country'.
It seems that the rules governing the opening (and running) of one-stop banking hubs could soon be relaxed. If so, it will be great news for many communities which to date have not met the strict eligibility criteria laid down by the banks for a hub to be established. It could also result in existing hubs providing a wider range of banking services than currently, increasing their relevance to consumers and small businesses.
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