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Burberry Share News (BRBY)

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Share News for Burberry (BRBY)

Share Price: 1,794.00Bid: 1,794.00Ask: 1,794.50Change: -10.50 (-0.58%)Faller - Burberry Grp
Spread: 0.50Spread as %: 0.03%Open: 1,803.00High: 1,803.00Low: 1,785.00Yesterday’s Close: 1,804.50

UPDATE 2-London's FTSE 100 falters, outcome of U.S.-China talks awaited

Thu, 9th May 2019 10:02

* FTSE 100 down 0.9 pct

* FTSE 250 down 1.3 pct

* BT slumps after FY results

* RSA, Barratt higher on trading updates

* Metro slips to a fresh life low (Adds company news items, changes analyst comments, updates to closing prices)

By Muvija M and Yadarisa Shabong

May 9 (Reuters) - Britain's main index was dragged back to its six-week low on Thursday as markets remained wary of an imminent tariff hike as trade talks between the United States and China resumed in Washington.

The internationally focused FTSE 100 lost 0.9 percent and was set for its steepest weekly fall since early December, with industrials, miners and Asia-exposed stocks leading the drop.

The midcaps gave up 1.3 percent, lagging the main index, whose losses were capped due to gains across so-called defensive stocks, which are deemed safer bets at times of economic troubles.

U.S. President Donald Trump late on Wednesday accused China of breaking the deal they had reached in trade talks, while a rise in U.S. tariffs is set to be triggered on Friday.

That left global markets unnerved as it would fall right in the middle of a two-day meeting between Chinese Vice Premier Liu He and Trump's top trade officials.

"Traders are running scared about the prospect of an escalation in the U.S.-China trade dispute. The U.S. is set to up the ante ... and that has prompted dealers to cut and run," CMC Markets analyst David Madden said.

"Europe is getting hit in the cross-fire because when the two largest economies in the world engage in a trade war, it bodes badly for everyone."

Luxury brand Burberry, which is vulnerable to a hit to the Asian economy, gave up 2 percent.

Britain's biggest broadband operator BT Group slipped 4 percent on its worst day this year after weak results and concerns of a dividend cut as its new boss vowed to roll out full-fibre broadband to 15 million homes by the mid-2020s.

Energy supplier Centrica, oil major BP and insurer Admiral all dipped as they traded ex-dividend, heavily weighing on the blue-chip bourse.

However, an upbeat first-quarter update showing a rise in net written premiums helped insurer RSA inch 2.2 percent higher.

Housebuilder Barratt rose 2.4 percent after a strong forecast despite Brexit-induced slowdown in the housing market, bucking the trend set by its peers Taylor Wimpey and Persimmon this year.

However, supermarket group Morrisons lost 1 percent after it blamed political and economic uncertainty for a slowdown in its quarterly sales growth.

Metro Bank slumped 8.3 percent to a new record low on the midcap index after shareholder advisory group ISS advised investors to abstain in votes on the re-election its CEO and chairman.

Small-cap Superdry ended a day of choppy trading with a slight gain as markets took in founder Julian Dunkerton's efforts to rebuild the fashion brand, as well as another profit warning. (Reporting by Muvija M in Bengaluru; Editing by Alison Williams)

(c) Copyright Thomson Reuters 2019. Click For Restrictions - https://agency.reuters.com/en/copyright.html

Related Shares:
BP (BP.)Admiral Group (ADML)RSA Insurance Group (RSA)Barratt Developments Plc (BDEV)Taylor Wimpey (TW.)Persimmon (PSN)Ocado Group (OCDO)

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UPDATE 2-Financials, miners lead FTSE 100 rebound, but Burberry, Thomas Cook slip

* FTSE 100, FTSE 250 up 0.8%* Banks, miners boost main index* Burberry slumps after FY report* Profit warning takes Thomas Cook to multi-year low* Gen
[16 May '19 10:04]

Huawei ban fans China-U.S. worries, hits FTSE 100; Thomas Cook slumps

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.3%* FTSE 250 up 0.3%* Thomas Cook slumps to multi-yr low* Bu
[16 May '19 08:40]

European stocks dip as U.S. sanctions on Huawei add to trade anxiety

(For a live blog on European stocks, type LIVE/ in an Eikon news window)May 16 (Reuters) - European shares retreated on Thursday after Washington blac
[16 May '19 08:02]

UPDATE 3-Burberry's profits lack new designer's touch

* Full-year adj operating profit down 6%, missing market view* Revenue flat at 2.72 billion pounds* Says very encouraged by response to Tisci's new co
[16 May '19 07:59]

CORRECTED-Burberry reports steady full-year profit

(Corrects to read Tisci, paragraph 1)LONDON, May 16 (Reuters) - British luxury brand Burberry reported broadly flat full-year revenue and profit on Th
[16 May '19 07:21]

UPDATE 2-London's FTSE 100 falters, outcome of U.S.-China talks awaited

* FTSE 100 down 0.9 pct* FTSE 250 down 1.3 pct* BT slumps after FY results* RSA, Barratt higher on trading updates* Metro slips to a fresh life low (A
[9 May '19 10:02]

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