FTSE in the red as Hargreaves and luxury goods groups slide

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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, ...

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