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Evening Standard
Evening Standard
Business
Michael Hunter and Graeme Evans

FTSE 100 Live 15 July: Boss ousted as Burberry suspends dividend, China GDP disappoints

Burberry today suspended dividends and said its chief executive had left in the wake of more tough trading.

Shares fell by a double-digit percentage as the luxury goods group warned that current trends point towards a first-half loss.

It has been impacted by weak consumer confidence in China, where GDP figures for Q2 today came in below forecasts.

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