Japan set to spurn Burberry luxuries
Fears the fashion-conscious Japanese will slash spending on luxury goods have wiped more than £200m off the value of Burberry.
Fashion conscious: Japan is the world's third-biggest luxury goods market
Its shares fell as much as 6% after investors counted the potential cost of the tsunami.
Japan is the world's third-biggest luxury goods market after the US and China, but the Japanese still spend more on high-end brands when adding overseas purchases.
Burberry (down 51p to 1122.5p) generates about 7% of its sales in Japan. Concerns over Japan's nuclear crisis hit Amec, down 37p to 1125.1p amid fears of a slowdown at its nuclear services division.
Investors placed their bets on providers of alternative energy. Shares in BG Group jumped 54p to 1504.66p on hopes that Britain's largest natural gas producer will be able to help fill Japan's energy breach.
Drax, which operates Britain's biggest coal-fired power station, saw its shares rise 12.4p 408.4p.
And Aggreko, which makes temporary power generators, soared 116p to 1483.94p, making it the steepest riser on the FTSE 100.
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