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Pin to quick picksBurberry Share News (BRBY)

Share Price Information for Burberry (BRBY)

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Share Price: 1,180.00
Bid: 1,179.50
Ask: 1,180.50
Change: 0.00 (0.00%)
Spread: 1.00 (0.085%)
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Prev. Close: 1,180.00
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Burberry profit flat as cost cuts offset revenue fall

Thu, 16th May 2019 07:19

(Sharecast News) - Burberry's underlying profit was unchanged last year as cost cuts offset a decline in revenue at the luxury clothing brand.Adjusted operating profit for the year to the end of March fell 6% to £438m but excluding currency movements profit was flat. Revenue at constant exchange rates fell 1% to £2.72bn and operating costs fell 1% to £1.42bn. Pre-tax profit rose 7% to £441m.The FTSE 100 company said operating profit would fall in the first half of the current year with profit growth returning in the second half as new designer Riccardo Tisci's collections build during the year. Burberry increased its guidance for cost savings to £135m by 2022 from £120m after beating its target last year.Burberry has been through more than a year of upheaval after its chief executive and design guru Christopher Bailey stood down in 2017. Marco Gobetti took over as CEO and brought in Tisci as chief designer to revive the waning brand. Tisci's first collection hit the shops in February 2019.Gobbetti said: "We made excellent progress in the first year of our plan to transform Burberry, while at the same time delivering financial performance in line with expectations. Riccardo Tisci's first collections arrived in stores at the end of February and the initial reaction from customers is very encouraging. The implementation of our plan is on track, we are energised by the early results and we confirm our outlook for full-year 2020."The company's gross margin fell by a percentage point to 68.4% due to foreign exchange movements and higher investment in products. Burberry increased its dividend by 3% to 42.5p.
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15 Jan 2024 11:31

Goldman downgrades Burberry, slashes price target

(Sharecast News) - Luxury fashion brand Burberry slumped on Monday after Goldman Sachs downgraded the shares to 'neutral' from 'buy' and slashed the price target to 1,663p from 2,345p.

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15 Jan 2024 09:11

LONDON BROKER RATINGS: Exane BNP cuts HSBC; Peel Hunt raises Hammerson

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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15 Jan 2024 07:33

LONDON BRIEFING: Crest Nicholson cuts outlook; PageGroup profit falls

(Alliance News) - Stocks in London are called to open slightly higher, following data showing that the average price of a UK home jumped in January.

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12 Jan 2024 18:05

Burberry warns on profit as luxury demand ebbs

Had warned on revenue outlook in November

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12 Jan 2024 17:41

FTSE 100 ends higher as miners, defence stocks offset Burberry losses

Burberry falls on profit warning

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12 Jan 2024 17:33

Burberry warns on profit as luxury demand ebbs

Had warned on revenue outlook in November

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12 Jan 2024 17:16

European shares advance amid increasing rate cut hopes

Airbus lands record orders in 2023, shares up

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12 Jan 2024 17:01

LONDON MARKET CLOSE: Stocks in green thanks to US PPI reading

(Alliance News) - Stock prices in Europe ended the week on a positive note, as US producer price inflation repaired some of the damages from Thursday's consumer price reading.

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12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

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12 Jan 2024 15:36

Gucci opens Milan Fashion Week with De Sarno's dressy looks for men

MILAN, Jan 12 (Reuters) - Gucci creative director Sabato De Sarno kicked off Milan Fashion Week on Friday with a lineup of refined tailoring for men, adding touches of sparkle to a somber color palette for his aesthetic reset of the Kering-owned label.

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12 Jan 2024 15:07

UK earnings, trading statements calendar - next 7 days

Monday 15 January 
Ashmore Group PLCTrading Statement
Assura PLCTrading Statement
Hercules Site Services PLCFull Year Results
PageGroup PLCTrading Statement
Ramsdens Holdings PLCFull Year Results
RS Group PLCTrading Statement
TwentyFour Select Monthly Income Fund LtdFull Year Results
Tuesday 16 January 
Alliance Pharma PLCTrading Statement
CAB Payments Holdings PLCTrading Statement
Card Factory PLCTrading Statement
Catalyst Media Group PLCFull Year Results
DFS Furniture PLCTrading Statement
Experian PLCTrading Statement
Genel Energy PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
McBride PLCTrading Statement
Naked Wines PLCTrading Statement
Ninety One PLC and LtdTrading Statement
Ocado Group PLCTrading Statement
Petra Diamonds LtdTrading Statement
Revolution Bars Group PLCTrading Statement
Rio Tinto PLCTrading Statement
THG PLCTrading Statement
Wise PLCTrading Statement
Wednesday 17 January 
888 Holdings PLCTrading Statement
Alpha Group International PLCTrading Statement
Antofagasta PLCTrading Statement
Bankers Investment Trust PLCFull Year Results
Brooks Macdonald Group PLCTrading Statement
Diploma PLCTrading Statement
Frontier Developments PLCHalf Year Results
Galliford Try Holdings PLCTrading Statement
Gateley Holdings PLCHalf Year Results
Ibstock PLCTrading Statement
Liontrust Asset Management PLCTrading Statement
Midwich Group PLCTrading Statement
Oxford BioDynamics PLCFull Year Results
Pearson PLCTrading Statement
Rathbones Group PLCTrading Statement
Safestore Holdings PLCFull Year Results
Smiths Group PLCTrading Statement
Team17 Group PLCTrading Statement
Thursday 18 January 
AJ Bell PLCTrading Statement
Bakkavor Group PLCTrading Statement
boohoo Group PLCTrading Statement
Centamin PLCFull Year Results
Centaur Media PLCTrading Statement
Costain Group PLCTrading Statement
Craneware PLCTrading Statement
Currys PLCTrading Statement
Dr Martens PLCTrading Statement
Dunelm Group PLCTrading Statement
Energean PLCTrading Statement
Flutter Entertainment PLCTrading Statement
Harbour Energy PLCTrading Statement
Headlam Group PLCTrading Statement
Hotel Chocolat Group PLCTrading Statement
Judges Scientific PLCTrading Statement
Kier Group PLCTrading Statement
Marshalls PLCTrading Statement
N Brown Group PLCTrading Statement
NewRiver REIT PLCTrading Statement
Sage Group PLCTrading Statement
TheWorks.co.uk PLCHalf Year Results
WAG Payment Solutions PLCTrading Statement
Friday 19 January 
4imprint Group PLCTrading Statement
AB Dynamics PLCFull Year Results
Close Brothers Group PLCTrading Statement
Deliveroo PLCTrading Statement
Petershill Partners PLCTrading Statement
Spirent Communications PLCTrading Statement
  
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12 Jan 2024 12:14

CORRECT: LONDON MARKET MIDDAY: Stocks rise after promising UK GDP data

(Correcting euro quote.)

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12 Jan 2024 12:02

LONDON MARKET MIDDAY: Stocks rise after promising UK economic data

(Alliance News) - Stock prices in London were up at midday on Friday, clawing back some recent weakness, following a positive UK gross domestic product reading, and as investors digest the first wave of US quarterly earnings.

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12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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12 Jan 2024 08:47

LONDON MARKET OPEN: Stocks rally after UK GDP print; Burberry tumbles

(Alliance News) - Stock prices in London climbed at Friday's market open, with a stronger-than-expected UK economic growth print providing cheer, despite rising tensions in the Middle East and Thursday's hot US inflation data.

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