Tim Watts, CFO at Shield Therapeutics #STX presenting at our Life Sciences Investor Briefing Watch Now

Pin to quick picksBurberry Share News (BRBY)

Share Price Information for Burberry (BRBY)

London Stock Exchange
Share Price: 2,203.00
Bid: 2,201.00
Ask: 2,203.00
Change: 71.00 (3.33%)
Spread: 2.00 (0.09%)
Open: 2,155.00
High: 2,216.00
Low: 2,136.00
Yest. Close: 2,132.00
BRBY Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

WINNERS & LOSERS SUMMARY: AG Barr Shares Plunge After Profit Warning

Tue, 16th Jul 2019 10:38

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Tuesday.


Burberry Group, up 9.8%. The fashion house reported a strong rise in first quarter like-for-like sales, thanks to the new designs from Chief Creative Officer Riccardo Tisci. For the 13 weeks ended June 29, reported retail revenue grew 4.0% to GBP498 million from GBP479 million the year prior. At constant currency rates, retail revenue grew 2%. On a comparable store basis, sales grew 4% on the year prior driven by new products. Burberry said that the proportion of its main offer within stores being from new products was 50% in June, up from between 10% and 15% in March. As new product continues to build throughout the year, Burberry expects comparable store sales to accelerate. Geographically, Asia Pacific comparable stores growth was up by a "high single digit" with mainland China driving growth with "mid-teen" growth reported. For the full year ending March 2020, Burberry maintained current forecasts. The FTSE 100-listed firm expects revenue and adjusted operating margins to remain broadly stable on the year prior.

ITV, up 2.5%. Liberum raised the broadcaster to Buy from Hold.


Experian, down 2.0%. The credit checking agency was down despite saying it has started the year "well", with revenue growth driven by North America. In the three months to June 30, Experian saw total revenue growth of 4% compared to the year before. This was entirely driven by a 9% growth in the company's North American operations. Every other region in which Experian operates - Latin America, UK & Ireland and EMEA/Asia Pacific - saw total revenue slip. At constant exchange rates, Experian saw total organic revenue growth of 6%. In North America, organic revenue growth was 8%, with 9% growth in Latin America. UK & Ireland's organic revenue was flat on the year before with EMEA/Asia Pacific slipping 1%. The stock is 25% higher so far this year.


Aston Martin Lagonda, up 3.2%. Jefferies raised the DB9 sports car maker to Hold from Underperform.

James Fisher & Sons, up 1.8%. The marine engineering firm said it secured a series of offshore renewable energy contracts worth a combined GBP30 million. In the UK, James Fisher won contracts for unexploded ordnance and boulder clearance work at the East Anglia One wind farm project and the Triton Knoll Offshore Wind Farm of German energy firm Innogy SE in Moray East. The firm also secured a marine coordination and communication contract in Moray East. In Taiwan, James Fisher secured an initial contract for unexploded ordnance and survey and structural work in addition to consultancy for James Fisher's high voltage engineering business EDS HV Group. In 2018, James Fisher reported GBP55.4 million pretax profit on revenue of GBP561.5 million. James Fisher also announced it had acquired the 35,000 tonne tanker Raleigh Fisher for GBP9 million. This follows a five-year Royal Navy fuelling support contract being won.


AG Barr, down 26%. The Irn-Bru and Rubicon soft drinks maker said weak trading during the first half of the year saw revenue sink 10%, with forecasts that full-year profit could be as much as a fifth lower. For the 26 weeks ending July 27, revenue is forecast by the company to fall 10% to GBP123 million from GBP136.9 million reported the year prior. AG Barr reported trading during the period had been "below our expectations" amid a number of market and brand-specific headwinds. In particular, AG Barr said 2018 had been a year of "unprecedented" challenges for the industry through a combination of a new soft drink levy, carbon dioxide shortages, and a hot summer. At the time, AG Barr had focused on building volume over the short-term before returning emphasis on increasing prices in March 2019. AG Barr had expected this change to hurt volumes. Nonetheless, a combination of "disappointing" spring and early summer weather and brand-related issues at Rockstar energy and Rubicon juice drinks sapped trading performance.

Hastings Group, down 5.0%. The insurer said it will record a GBP8.4 million one-off pretax charge in 2019 results due to changes in the discount rate applicable for personal injury damage awards. The UK government on Monday unveiled a cut to the rate used to calculate the amount insurers must pay for personal injury claims. The personal discount rate, or Ogden rate, has been raised to minus 0.25% from the minus 0.75% implemented in 2017. The Ogden rate is a calculation used by courts to work out how much insurance companies need to pay out in the event of life-changing injuries to customers, taking into account the likely return from the investment of such awards. The higher the rate, the better the outcome is for insurers. Hastings Group said it will now update its best estimate - expected present value of future cash flows - to reflect the change in the Ogden rate to minus 0.25%. The company's insurance unit previously held its best estimate reserves consistent with an Ogden rate in the range of 0% to 1%.


7digital Group, up 67%. The digital music and radio services platform said it has appointed Tamir Koch as non-executive chair with immediate effect and, as a result, Mark Foster will revert back to his non-executive director role. 7digital said Koch along with his partners is co-ordinating GBP6.5 million in funding for the company. 7digital didn't specify the type of funding planned, whether debt or equity. Koch and his partners have already invested GBP2 million by purchasing existing loan notes and subscribing for new shares in the company. At the start of July, 7digital said it still needs to raise funds, despite welcoming the investment by Koch and Lazarus. 7digital had said it plans a fundraise in this month, saying this is required to stave off insolvency. In late June, the firm said shareholders had refused to grant the right to issue shares. 7digital posted GBP19.9 million in revenue for 2018, up 19% year-on-year, but its pretax loss widened to GBP12.2 million from GBP5.2 million, after a significant rise in expenses and one-off costs.


Albert Technologies, down 67%. The software company said it plans to cancel its AIM stock market listing as the board believes that a listing hinders its ability to raise extra funds. Albert Technologies said it needs to seek extra financing to support further growth and believes a strategic or financial investor with knowledge of the company's core markets would be in its best interests.

More News

WINNERS & LOSERS SUMMARY: Rolls-Royce Down On Further Trent 1000 Delay

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Royal Bank of

20 Sep 19 10:24

BROKER RATINGS SUMMARY: HSBC Cuts Great Portland And Derwent London

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:----------FTSE 100----------CREDIT SUISSE RAISES BURBERRY GROUP TO

20 Sep 19 09:23

LONDON MARKET OPEN: FTSE 100 Dragged Down By Strong Pound, Rolls-Royce

(Alliance News) - Stock prices in London were mixed on Friday morning, as a stronger pound weighed on the large-cap index, while other indexes gained on raised hopes for a Brexit deal between the

20 Sep 19 09:22

LONDON BRIEFING: Rose Picked To Be First Woman To Lead RBS

(Alliance News) - Royal Bank of Scotland Group PLC on Friday said Alison Rose will succeed Ross McEwan as chief executive officer. McEwan will formally step down on October 31.RBS - which -

20 Sep 19 08:10

TOP NEWS: Burberry To Launch GBP150 Million Share Buyback Programme

(Alliance News) - Fashion house Burberry PLC said on Friday it will start a share buyback programme to repurchase up to GBP150 million in shares.The purchases will be carried out over a on

6 Sep 19 18:16

LONDON MARKET CLOSE: Markets Rejoice As Hong Kong Tensions Ease

(Alliance News) - Stocks in London ended higher on Wednesday, joining a global rally after the leader of Hong Kong spiked an extradition bill which had sparked violent protests.Bowing to a

4 Sep 19 16:57

LONDON MARKET MIDDAY: Hopes Of Hong Kong Calm Add To Improved Backdrop

(Alliance News) - London stocks remained in the green at midday on Wednesday with an improved global political environment helping sentiment, demonstrated by gains for Hong Kong-exposed equities a

4 Sep 19 12:03

WINNERS & LOSERS SUMMARY: Miton Group Rises On Merger With Rival

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - WINNERS----------Prudential,

4 Sep 19 10:43

LONDON MARKET MIDDAY: Stocks Slide After Fleeting Tariff Delay Rally

(Alliance News) - US-China trade optimism in markets gave way to doubts over the outlook for relations between the two, leading the FTSE 100 to slump nearly 70 points at midday on blue-chip index

14 Aug 19 12:03

BROKER RATINGS SUMMARY: BHP And Greggs Cut; Fevertree And CVS Raised

(Alliance News) - The following London-listed shares received analyst recommendations late Wednesday and on Thursday morning:----------FTSE 100----------CFRA RAISES GROUP PRICE

18 Jul 19 09:24

LONDON MARKET CLOSE: Trade War Fears Return To Haunt Investors

(Alliance News) - Stocks in London ended in the red on Wednesday as the US expressed a lack of confidence in the state of negotiations with China. US President Donald Trump on Tuesday reiterated a

17 Jul 19 17:07

LONDON MARKET MIDDAY: Stocks Mixed As US-China Trade Fears Return

(Alliance News) - London shares were mixed at midday on Wednesday as the trade dispute between the US and China heated back up following a short-lived detente. US President Donald Trump on Tuesday

17 Jul 19 12:13

BROKER RATINGS SUMMARY: Burberry And Micro Focus Suffer Rating Cuts

(Alliance News) - The following London-listed shares received analyst recommendations late Tuesday and on Wednesday morning:----------FTSE 100----------JEFFERIES CUTS GROUP TO

17 Jul 19 09:31

LONDON MARKET OPEN: Fresnillo, Johnson Matthey Help Pull FTSE 100 Down

(Alliance News) - Stocks began the day lower in London on Wednesday, with Fresnillo and Johnson Matthey failing to please investors, though there were a number of

17 Jul 19 08:35

LONDON MARKET CLOSE: Burberry And Weaker Pound Boost FTSE 100

(Alliance News) - Stocks in London ended broadly in the green on Tuesday, with the large cap index boosted by a strong update from Burberry and further pound weakness as the of a

16 Jul 19 17:05

Login to your account

Don't have an account? Click here to register.