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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: 1,795.50Bid: 1,794.50Ask: 1,795.00Change: -9.00 (-0.50%)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-FTSE 100 flounders as miners, exporters drag; Metro Bank plummets

Thu, 2nd May 2019 09:43

* FTSE 100 down 0.5 pct

* FTSE 250 down 0.6 pct

* Miners, exporter shares drag on main index

* Shell, Smith & Nephew outshine

* Metro Bank hits life-low after Q1 results (Adds news items, analyst comment, updates to closing prices)

By Shashwat Awasthi and Yadarisa Shabong

May 2 (Reuters) - The FTSE 100 ended lower for the third straight session as copper miners fell and exporter stocks struggled despite weakness in sterling, while Metro Bank tanked after an accounting error caused quarterly profit to halve.

Strong results from Shell and Smith & Nephew capped losses, but the FTSE 100 was still held to a one-month low, falling 0.5 percent. The FTSE 250 was 0.6 percent lower.

Sterling had initially gained on upbeat Brexit sentiment, but its rise was halted after the Bank of England voted unanimously to keep interest rates steady and warned Brexit continued to cloud the outlook for monetary policy.

"Another sobering Bank of England statement also added some gloom, despite policymakers' attempt to portray Britain's economy as straining at the leash of inflation," Cityindex analyst Ken Odeluga said.

Dollar earners such as British American Tobacco and Diageo, which had shed more than 1 percent earlier, were unable to overcome the deficit and closed lower.

Paddy Power Betfair was the worst blue-chip performer as it skidded 5.4 percent on unfavourable sports results in Britain and Ireland and pointed to a 43 percent drop in FOBT revenues.

Copper prices hit a more than two-month low, causing an index of miners to fall for the seventh consecutive session and leading heavyweights Rio Tinto, Glencore and BHP about 2 percent lower.

But Shell, the biggest FTSE 100 company by market value, rose nearly 2 percent after beating quarterly profit expectations.

Medical products maker Smith & Nephew also outperformed the main bourse with a 3 percent gain, as it forecast annual revenue growth at the top half of its prior guidance range.

Retailers dived in seemingly no-news moves. M&S, Sainsbury's and Burberry all tumbled more than 2 percent.

On the mid-cap index, Metro Bank slumped 16 percent to an all-time low after saying the fallout from an accounting error it disclosed in January hit quarterly profit, capital buffers and major business customer deposits.

Among smaller stocks, cleaning products maker McBride sank 10.8 percent after its second profit warning this year.

Thomas Cook slumped 15 percent. A trader cast doubt on the tour operator's plans to sell its airline business. (Reporting by Shashwat Awasthi and Muvija M in Bengaluru; Editing by Angus MacSwan, William Maclean)

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

Melania Trump wears elegant Dolce & Gabbana dress to meet Queen Elizabeth

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[3 Jun '19 15:33]

Italy's Prada joins the fur-free chorus

MILAN, May 22 (Reuters) - Italy's Prada will stop using animal fur in its products from the 2020 women's spring-summer collections to be presented in
[22 May '19 15:41]

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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