Sector movers: SuperGroup, Burberry boost personal goods sector

13th Jul 2011 14:29

Full-year results from SuperGroup impressed investors on Wednesday, as the share price rallied nearly 23%, sending the personal goods sector to the top of the pile.The trendy fashion retailer, famous for the Superdry brand, said full-year underlying pre-tax profit soared by 89% to £50.2m, from £26.5m previously, surpassing consensus estimates of £49.6m. Group revenue jumped by 71% from £139.4m to £237.9m, bang in line with expectations.Sector peer Burberry, the iconic British luxury brand, saw shares jump after reporting an impressive 34% increase in first quarter sales, driven largely by strong retail growth in China. "We are pleased with Burberry's start to the year, with double-digit growth balanced across retail and wholesale and all regions and product categories," said chief executive officer Angela Ahrendts. Meanwhile, the technology hardware and equipment sector was the worst performing sector, dragged lower by chip giants ARM Holdings and CSR.Both firms extended losses made yesterday after figures from US peers Microchip Technology and Novellus came short of expectations. BCTop performing sectors so far todayPersonal Goods 23,862.53 +4.28%Industrial Metals & Mining 7,288.38 +2.38%Electronic & Electrical Equipment 3,422.98 +2.29%Forestry & Paper 6,969.07 +2.21%Industrial Engineering 7,636.38 +1.27%Bottom performing sectors so far todayTechnology Hardware & Equipment 742.11 -1.99%General Retailers 1,683.92 -1.89%Household Goods & Home Construction 6,677.21 -1.12%Mobile Telecommunications 3,668.69 -1.10%Chemicals 7,729.02 -0.93%