U.K. housebuilder Persimmon said it had "brought forward a healthy order book into 2016 and our strong sales performance over the period has resulted in total forward sales revenue, including legal completions taken so far in 2016, being 8 percent higher than last year". But shares tanked 6 percent to the bottom of benchmarks, over concerns of a slowdown in the U.K. property investment sector.
Meanwhile, British luxury fashion brand Burberry warned that the "external environment that remains challenging" after reporting its second-half revenues were down 1 percent. Shares came off session lows to close 3.6 percent down, with other names in the sector like Luxottica also closing sharply lower.
In Asia overnight, markets finished the session higher with the Japanese Nikkei 225 leading the way, closing over 3 percent, on the back of a weaker yen. In the U.S., markets traded in a slightly higher range at Europe's close as investors eyed the latest bank earnings.
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