Edition:
United States

Burberry Group PLC (BRBY.L)

BRBY.L on London Stock Exchange

1,749.00GBp
17 Nov 2017
Change (% chg)

-- (--)
Prev Close
1,749.00
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
2,023,559
52-wk High
2,024.00
52-wk Low
1,381.00

Select another date:

Fri, Nov 10 2017

Photo

Belgian activist investor hikes Burberry stake as overhaul starts

PARIS Belgian billionaire Albert Frere has raised his stake in Burberry from 4 to 6 percent, the British trench coat maker said on Friday, a day after it unveiled a plan to go further upmarket that sent its shares tumbling on cost concerns.

Belgian activist investor hikes Burberry stake as overhaul starts

PARIS, Nov 10 Belgian billionaire Albert Frere has raised his stake in Burberry from 4 to 6 percent, the British trench coat maker said on Friday, a day after it unveiled a plan to go further upmarket that sent its shares tumbling on cost concerns.

Luxury brand Burberry not luxury enough for new CEO

LONDON/PARIS, Nov 9 A $190 polo shirt might seem expensive to most shoppers, but for Burberry's new Chief Executive Marco Gobbetti it is too close to the fashion industry's endangered mid-market for comfort.

UPDATE 1-Falls in Burberry, housebuilders pile pressure on FTSE

* Mid-cap Hikma's trading update disappoints (ADVISORY- Follow European and UK stock markets in real time on the Reuters Live Markets blog on Eikon, see cpurl://apps.cp./cms/?pageId=livemarkets)

UPDATE 3-New Burberry CEO to entrench brand in luxury, shares dive on cost

* CEO says started search for new creative head (Adds CEO comments, analyst reaction, updates shares)

Breakingviews - Burberry’s risky new look rules out missteps

LONDON (Reuters Breakingviews) - Burberry’s new boss is taking a big gamble on delayed gratification. Chief Executive Marco Gobbetti’s plans to take the British brand upmarket will mean no sales or operating margin growth for more than two years. Disappointed investors who lopped almost 1 billion pounds off Burberry’s market value on Thursday will now be unforgiving. Only flawless results and the right new designer will prevent a further slide in the share price.

BRIEF-Burberry does not expect to announce new creative lead soon

* Cfo brown says ambition to improve op margin significantly from current 17 percent, although not to level of luxury leather goods companies, which are around 26 percent

Britain's FTSE under pressure as Burberry revamps its strategy

LONDON, Nov 9 A drop in luxury group Burberry weighed on the UK's top share index on Thursday, which was stuck below a five-month high as results were the main focus.

BRIEF-Burberry CFO says seen a softening in UK in recent weeks

* Cfo says total restructuring costs increased to 110 million stg, from 60 million stg Further company coverage: (Reporting By London Bureau)

BRIEF-Burberry H1 ‍adjusted op profit rises 17 pct to 185 mln stg

* ‍adjusted operating profit 185 million stg, up 17 percent underlying​

Select another date: