Sector movers: Burberry, M&S drag peers lower

Personal goods and retail stocks were out of favour on Monday with sector giants Burberry and Marks & Spencer providing a drag.Shares in British luxury brand Burberry were under heavy selling pressure after its Chief Executive Officer Angela Ahrendts told French newspaper Les Echos that the slowdown in China could lengthen in the luxury goods sector."This Chinese slowdown is maybe not a temporary accident but a new normal," Ahrendts told the newspaper.High Street department store Marks & Spencer was trading in the red after Credit Suisse retained its 'underperform' rating, saying that full-year forecasts "look demanding" after a weak first-half. The bank said the shares - trading at a 20% premium to the long-term average - look "overbought" after a 30% rise so far this year.Sportswear firm Sports Direct came off recent highs, as investor appetite was hit by the ongoing budget saga in the US. The stock hit an all-time high of 729p in early September but has fallen by around 6% since.Fashion retailer SuperGroup was also off investors' shopping lists today along with High Street chains Mothercare, Ted Baker and Next.Top performing sectors so far todayIndustrial Metals & Mining 1,483.96 +0.98%Forestry & Paper 11,493.04 +0.57%Pharmaceuticals & Biotechnology 10,880.07 +0.37%General Industrials 4,067.41 +0.22%Beverages 14,206.68 +0.20%Bottom performing sectors so far todayIndustrial Transportation 3,009.73 -1.44%Personal Goods 25,450.79 -1.37%General Retailers 2,607.67 -1.28%Fixed Line Telecommunications 3,948.51 -1.14%Mobile Telecommunications 5,100.34 -1.03%BC