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Burberry Share News (BRBY)

Stock Market news at lse.co.uk - RSS News Feeds

Share News for Burberry (BRBY)

Share Price: 1,795.00Bid: 1,797.00Ask: 1,798.00Change: 42.00 (+2.40%)Riser - Burberry Grp
Spread: 1.00Spread as %: 0.06%Open: 1,754.50High: 1,799.00Low: 1,738.00Yesterday’s Close: 1,753.00

U.S.-China trade tensions haunt London's FTSE 100

Thu, 9th May 2019 08:57

(For a live blog on European stocks, type LIVE/ in an Eikon news window)

* FTSE 100 down 0.5 pct

* FTSE 250 down 0.6 pct

* RSA higher after Q1 report

* Superdry slips on profit alert

May 9 (Reuters) - UK blue-chip shares fell back to six-week lows on Thursday, pressured by renewed trade tensions between the United States and China, while insurer RSA advanced after a trading update.

The FTSE 100, which draws more than two-thirds of its earnings from abroad, was 0.5 percent lower by 0723 GMT. The midcaps gave up 0.6 percent.

Industrials, miners and Asia-exposed stocks led the fall on the main index after U.S. President Donald Trump accused China of breaking the deal they had reached in trade talks.

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

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

All but two sectors were in the negative territory by 0712 GMT, although an upbeat first-quarter update showing a rise in net written premiums helped insurer RSA inch 1.4 percent higher.

Another gainer was Ocado with a 1.1 percent rise after it tweaked the terms of its deal with Morrisons and said it bought a minority stake in robotics start-up Karakuri.

Small-cap Superdry dropped as much as 7 percent after the fashion retailer warned on profit again, even as as founder Julian Dunkerton works to revamp the brand. (Reporting by Muvija M in Bengaluru Editing by Gareth Jones)

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

Related Shares:
Burberry Group (BRBY)RSA Insurance Group (RSA)Ocado Group (OCDO)Wm Morrison Supermarkets (MRW)

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

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

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[16 May '19 08:40]

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[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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