Edition:
United Kingdom

Burberry Group PLC (BRBY.L)

BRBY.L on London Stock Exchange

2,152.00GBp
20 Jul 2018
Change (% chg)

4.00 (+0.19%)
Prev Close
2,148.00
Open
2,146.00
Day's High
2,181.00
Day's Low
2,146.00
Volume
1,742,455
Avg. Vol
2,151,200
52-wk High
2,186.00
52-wk Low
1,481.50

Latest Key Developments (Source: Significant Developments)

Burberry Announces Share Repurchase Programme
Friday, 22 Jun 2018 

June 22 (Reuters) - Burberry Group PLC ::SHARE REPURCHASE PROGRAMME.COMMENCE A SHARE REPURCHASE PROGRAMME OF COMPANY'S ORDINARY SHARES OF 0.05P EACH UP TO A MAXIMUM CONSIDERATION OF £150M.ON 21 JUNE 2018, BURBERRY ENTERED INTO A NON-DISCRETIONARY INSTRUCTION WITH MERRILL LYNCH INTERNATIONAL.  Full Article

Burberry Group To Acquire Luxury Leather-Goods Business From Italy's Cf&P
Monday, 14 May 2018 

May 14 (Reuters) - Burberry Group PLC ::ENTERED INTO AN AGREEMENT TO ACQUIRE A LUXURY LEATHER-GOODS BUSINESS FROM LONGSTANDING ITALIAN PARTNER CF&P.CF&P EMPLOYEES WILL TRANSFER TO COMPANY ON COMPLETION OF TRANSACTION, EXPECTED LATER THIS YEAR.  Full Article

GBL Raises 498 Million Pounds in Burberry Stake Sale
Wednesday, 9 May 2018 

May 9 (Reuters) - GBL ::COMPLETION OF THE SALE OF 6.6% OF BURBERRY’S CAPITAL.PROCEEDS FROM THE DISPOSAL AMOUNT TO APPROXIMATELY GBP 498 MILLION.STAKE IN BURBERRY SOLD BY GBL REPRESENTED APPROXIMATELY 3% OF GBL’S MOST RECENTLY DISCLOSED NET ASSET VALUE..  Full Article

GBL Intends To Sell Its Entire Stake in Burberry
Tuesday, 8 May 2018 

May 8 (Reuters) - GROUPE BRUXELLES LAMBERT SA ::GROUPE BRUXELLES LAMBERT INTENDS TO SELL 6.6% OF BURBERRY’S CAPITAL.DISPOSAL OF ENTIRE STAKE IN BURBERRY.SALE THROUGH PRIVATE PLACEMENT BY WAY OF ACCELERATED BOOKBUILDING PROCESS.GOLDMAN SACHS IS ACTING AS BOOKRUNNER.  Full Article

Bookrunner Says Accelerated Bookbuilt Offering Of About 27.6 Mln Shares Of Burberry Group
Tuesday, 8 May 2018 

May 8 (Reuters) - Bookrunner On Burberry Group ABO::BLOCK TRADE - BURBERRY GROUP: BOOKRUNNER SAYS ACCELERATED BOOKBUILT OFFERING OF ABOUT 27.6 MILLION ORDINARY SHARES OF BURBERRY GROUP BY GBL ENERGY S.À R.L.BLOCK TRADE - BURBERRY GROUP: GOLDMAN SACHS INTERNATIONAL IS SOLE BOOKRUNNER OF ACCELERATED BOOKBUILT OFFERING.  Full Article

Burberry Group to commence share repurchase of up to 150 mln pounds​
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Burberry Group Plc :TO ‍COMMENCE A SHARE REPURCHASE PROGRAMME OF COMPANY'S ORDINARY SHARES OF 0.05P EACH UP TO A MAXIMUM CONSIDERATION OF £150M​.‍PURCHASE OF SHARES WILL TAKE PLACE DURING PERIOD COMMENCING ON 27 NOVEMBER 2017 AND ENDING NO LATER THAN 1 MARCH 2018​.  Full Article

Burberry does not expect to announce new creative lead soon
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Burberry Group :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.Ceo gobbetti says we have started process to find right creative lead, don’t expect any announcement any time very soon.Ceo gobbetti says outerwear will remain a fundamental part of burberry.Ceo gobbetti says burberry pretty well priced in outerwear, other items need price adjustment.Ceo gobbetti says it will take a couple of years to rationalise u.s. Distribution.Ceo says there will be an element of price in growth forecast and there will be volume growth as well.Ceo says “no intention of shutting out customers through pricing”.Burberry cfo says targeting a 300 basis points increase in operating margin in five year period.Cfo says underlying inflation in cost base is running at about 4 percent.  Full Article

Burberry H1 ‍adjusted op profit rises 17 pct to 185 mln stg
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Burberry Group Plc :Interim dividend up 5 percent to 11 penceper share.H1 ‍revenue 1,263 million stg, up 4​ percent underlying.‍h1 retail comparable store sales, up 4 percent.‍adjusted operating profit 185 million stg, up 17 percent underlying​.‍now expect to deliver £60m of cumulative cost savings in full year​.‍expected impact of year-on-year exchange rate movements on fy 2018 reported adjusted operating profit is around £20m adverse compared to our previous guidance for £25m adverse at 30 june effective rates​.  Full Article

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Luxury group Hermes sees first-half operating profits remaining near record levels

PARIS Luxury handbag maker Hermes International expects first-half operating profits close to the record level reached last year, as Hermes posted solid second quarter sales that augured well for the rest of the luxury sector.