We’ve had a shock profits warning from luxury handbag maker Mulberry. The company blamed a fall in tourists in London and expects profits this year of £26m, down form £36m in 2012. The shares have dropped as much as 21pc.- The worry for British savers are reports that Laiki bank branches in Britain are not covered by the UK financial compensation scheme. The Bank of Cyprus is. Follow events – Cyprus bailout blog.
- On the corporate front, share in esure floated at 290p and jumped 8.6pc to 315p as the Sheila’s Wheels motor insurer made its London market debut. At the float price it is valued at £1.2bn.
