FTSE in the red as Hargreaves and luxury goods groups slide

The FTSE 100 was in the red once again today following losses around the globe overnight, with Hargreaves Lansdown and luxury goods retailers Burberry and Mulberry both taking a tumble on slowdown fears.

The blue chip index was off another 10 points at 6,355 by 9:25am, just ahead of the latest UK inflation figure, following tough sessions for the US and Asia where shares saw hefty falls. London shares were dragged down by a combination of BP, luxury retailers and Hargreaves Lansdown, countering the positive moves for mining stocks. Results from Hargreaves Lansdown pushed its shares down 2.7% after it warned its revenues remained under pressure because of low interest rates. Meanwhile embattled retailers also saw sharp falls. Despite a positive update showing a 7% rise in revenues, ...