Burberry update and housebuilders knock FTSE off 2016 high

By Kit Rees and Alistair Smout LONDON (Reuters) - Britain's top share index edged down on Thursday from its highest close this year, driven by a tumble in fashion firm Burberry after it reported falling sales and warned of tough trading conditions. Burberry slid 5.1 percent after it said a drop in tourist spending in continental Europe and weak demand in Hong Kong had depressed sales. "Burberry has suffered of late due to its dependency on Hong Kong and China ... and it looks like the company&rs