FTSE 100: Why Burberry is set to benefit from China’s zero-Covid policy u-turn

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City AM

By Jack Barnett The prospect of a rebound in Chinese tourism after Beijing dismantles its tough zero-Covid policy has sent luxury fashion firm Burberry to near top of the FTSE 100 index this morning. The more than three per cent share price kick dragged London’s FTSE 100 index up 0.12 per cent to 7,563.54 points. Meanwhile the domestically-focused mid-cap FTSE 250, which is more aligned with the health of the UK economy, climbed 0.91 per cent to 19,308.12 points during opening exchanges in the City. FTSE 100 nudged higher this morningBurberry sources a large chunk of its income from Chinese to…

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