Burberry tumbles on profit warning
Vistry rises on upbeat demand outlook
UK economy grew in November, but still risks recession
FTSE 100 up 0.8, FTSE 250 adds 0.9

Jan 12 Reuters UK stocks climbed nearly 1 on Friday, underpinned by precious metals miners tracking bullion prices higher, and as investors cheered data that signalled the British economy grew stronger than expected in November.

The bluechip FTSE 100 was up 0.8 and the midcap FTSE 250 index gained 0.9. Still, both the indexes were on track to book losses for a second consecutive week.

Shares of Burberry dropped 6.7 to a threeyear low after the British luxury fashion brand warned its fullyear results would fall below its previous outlook following a slowdown in key December trading period.

The luxury retailer dragged the personal goods sector down to an over 11year low.

Vistry Group climbed 2.7, boosting the midcap index, as the British affordable homes builder said easing of mortgage rates in recent weeks was encouraging and this would help stimulate demand in 2024.

Precious metals miners were the top gainers with a 1.6 jump, boosted by firmer gold prices as global strikes on Yemen added to fears of further escalation in the Middle East conflict, enhancing bullion39;s safehaven appeal.

Meanwhile, Britain39;s gross domestic product expanded by 0.3 in November, figures from the Office for National Statistics showed on Friday, slightly beating economists39; forecasts for 0.2 growth in a Reuters poll….