88 555
Fashion Jobs
BLACK DIAMOND
Quality Engineer
Permanent · SALT LAKE CITY
LULULEMON
Community Specialist | Fort Worth Tanger Outlet
Permanent · FORT WORTH
LULULEMON
Expeditor | Branson Tanger Outlets
Permanent · BRANSON
LULULEMON
Community Specialist | Auburn Popup
Permanent · AUBURN
LULULEMON
Community Specialist | Aspen Place Local
Permanent · FLAGSTAFF
LULULEMON
Community Specialist | Kingston Pike
Permanent · KNOXVILLE
LULULEMON
Community Specialist | The Domain
Permanent · AUSTIN
LULULEMON
Community Specialist | First Street Napa
Permanent · NAPA
LULULEMON
Expeditor Factory Outlet| Orlando Vineland Premium Outlet
Permanent · ORLANDO
LULULEMON
Visual Merchandising Specialist | Contract | Houston Premium Outlet
Permanent · CYPRESS
PAUL SMITH
Stock Support - Woodbury Commons
Permanent · WOODBURY
TUMI
Human Resource Business Partner, Mansfield
Permanent · MANSFIELD
HENKEL
3rd Shift Production Manager
Permanent · WEST HAZLETON
HENKEL
Packaging Engineer
Permanent · STAMFORD
THE REALREAL
Field Sales Account Manager (Account Luxury Manager)
Permanent · SAN FRANCISCO
THE REALREAL
Field Sales Account Executive (Single Market Luxury Manager)
Permanent · PRINCETON
THE REALREAL
Senior Manager, Acquisition Marketing - Remote Usa(Eligible States)
Permanent · SAN FRANCISCO
THE REALREAL
Acquisition Marketing Coordinator - Remote Usa(Eligible States)
Permanent · SAN FRANCISCO
J. JILL
Manager, Treasury Operations
Permanent · TILTON
SHIMANO
Shipping Lead
Permanent · LADSON
CHANEL
Boutique Operations Specialist - Palisades Village, CA
Permanent · LOS ANGELES
SIGNET JEWELERS
General Manager - Jared - Memorial City
Permanent · HOUSTON
By
Reuters
Published
Mar 14, 2011
Reading time
2 minutes
Download
Download the article
Print
Text size

Japan quake lifts energy, hits Burberry

By
Reuters
Published
Mar 14, 2011

March 14 - Britain's top shares gained slightly early on Monday as disruption to nuclear power after a massive earthquake in Japan boosted energy firms, but Burberry slid on fears that demand there for luxury goods would slump.

Burberry
Burberry Exotics Collection - 2011

By 0932 GMT, the FTSE 100 was up 5.18 points or 0.1 percent at 5,833.85.

The earthquake in Japan had a mixed impact on UK equities, with fashion group Burberry topping the list of fallers, shedding 5.4 percent as investors worried about the impact on demand for high-end products.

UK-listed insurers were also hit by the quake as sentiment on the sector was damaged, although they have no exposure to losses in Japan. Standard Life fell 1.9 percent while Resolution slipped 1.5 percent.

However temporary power supplier Aggreko topped the list of gainers up 5.3 percent while energy firm BG Group gained as it was seen benefiting from extra demand after Japan's nuclear energy supply was severely damaged in the earthquake.

Both these stocks saw extremely heavy volumes traded.

"Disruptions to nuclear power supply could see Japanese (liquid natural gas) demand increase. This would reduce global LNG oversupply, and support a recovery in European gas & power prices," UBS said in a note.

Xstrata and mid-cap Drax Group which supply coal, also benefited as the demand outlook for non-nuclear energy sources perked up.

Other miners were also a significant source of support for the index with Rio Tinto up 2 percent after it edged closer to gaining control of coal producer Riversdale Mining after a $3.9 billion sweetened bid rallied more shareholders to accept the offer.

The fact that turmoil in the Middle East has not spread further despite continuing violence in Libya is also helping prevent sharper falls, investors said.

© Thomson Reuters 2024 All rights reserved.