FTSE 100 wipes out 2017 gains as election fever grips the markets – business live

All the day’s economic and financial news, as investors focus on political drama in UK and France

Fashion group Burberry is helping to pull the FTSE 100 into the red today, after reporting underwhelming results.

Burberry’s shares have shed 6.7%, their worst fall since October, after reporting a sales slowdown, due to tougher conditions in the US.

Our Politics Live blog is up and running, and tracking all the election action.

Theresa May has already been interviewed on the Today Programme, where she’s ruled out a second EU referendum, and defended her decision to call a general election:

Related: Election 2017: Theresa May seeks MPs’ backing for early vote – politics live

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