FTSE 100 Movers: Burberry leads the way

Iconic British luxury brand Burberry was leading the surge on the FTSE 100 on Thursday, on speculation that it could see a reduction in luxury goods taxes in a key market - China.Chinese newspaper National Business Daily has refuelled the debate, reporting that import duties on luxury items may be cut by the end of the year. Kingfisher's shares also jumped after Prime Markets upgraded the stock, which has come a long way down since their 52-week high of 287.1p in May, from sell to buy, saying that any negativity should now be factored in. The company said on Thursday that it has seen like-for-like sales grow 1.6% in the first half of its 2011-2012 financial year with total sales, including newly acquired assets, rising 3.8%. The group, which issued a well-received set of results the same day, unveiled plans to create more than 1,200 new jobs in the UK as it expands its B&Q and Screwfix operations. FTSE 100 - RisersLloyds Banking Group (LLOY) 35.67p +6.48%Burberry Group (BRBY) 1,453.00p +6.29%GKN (GKN) 193.40p +5.34%Johnson Matthey (JMAT) 1,660.00p +5.20%Barclays (BARC) 159.75p +5.10%Xstrata (XTA) 1,050.00p +5.03%Royal Bank of Scotland Group (RBS) 23.90p +4.82%Lonmin (LMI) 1,216.00p +4.74%IMI (IMI) 838.00p +4.62%Kingfisher (KGF) 250.30p +4.47%FTSE 100 - FallersRandgold Resources Ltd. (RRS) 6,795.00p -2.02%National Grid (NG.) 619.50p -0.88%Imperial Tobacco Group (IMT) 2,006.00p -0.30%NR