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United Kingdom

Burberry Group PLC (BRBY.L)

BRBY.L on London Stock Exchange

1,738.00GBp
11 Dec 2017
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1,738.00
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2,024.00
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1,439.00

Latest Key Developments (Source: Significant Developments)

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

Smith & Nephew says CFO Julie Brown to leave for Burberry
Monday, 11 Jul 2016 

Smith & Nephew Plc : Julie Brown, chief financial officer, will be leaving company in Jan. 2017 to join Burberry as chief operating and financial officer .Search for a successor to Julie is underway, and a further announcement will be made in due course.  Full Article

Burberry Group names Marco Gobbetti as CEO; to join in 2017
Monday, 11 Jul 2016 

Burberry Group Plc : Marco Gobbetti appointed chief executive officer . Christopher Bailey to become president & chief creative officer . Christopher and Marco will report directly to chairman . Gobbetti will join board upon arrival from a date in 2017 as soon as he is contractually able to do so .Christopher will transition to his new role at that time and will remain on board.  Full Article

Burberry names Smith & Nephew's Julie Brown as new CFO
Monday, 11 Jul 2016 

Burberry Group Plc : Julie Brown appointed as new chief operating & financial officer . Reporting to chief executive officer, Julie Brown will join business and board in early 2017 . Julie is currently chief financial officer at global medical technology business Smith And Nephew Plc .Says Julie qualified with KPMG before working at ICI and AstraZeneca Plc.  Full Article

Burberry says COO John Smith to step down from board
Friday, 10 Jun 2016 

Burberry Group Plc : Directorate change . John Smith, chief operating officer, to step down from board .Smith will leave company and step down from board by summer 2017.  Full Article

Earnings focus drives violent stock swings, creating opportunities

LONDON Shares reacted much more violently than usual to surprises in company results in the latest quarterly reporting season as investors put a laser-like focus on earnings, generously rewarding winners but mercilessly punishing laggards.