Burberry extends losses; sources say Moncler not in takeover talks
** Shares in Burberry BRBY.L down 4.5% at 743p, extending Monday's losses
** Stock among top losers on FTSE mid-cap index .FTMC which is down 0.7%
** Reuters reported on Monday that Italian luxury outerwear brand Moncler MONC.MI was not looking to buy the British luxury brand
** Burberry shares rose over 3% inearly trading on Monday after a Daily Mail report said that Moncler was preparing a bid for the co
** Burberry shares down ~48% so far this year
Reporting by Prerna Bedi
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