UK MARKET TALK ROUNDUP: SHARES GAINING
16th Jul 2010 09:55
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0855 GMT [Dow Jones] Burberry's (BRBY.LN) acquisition of its Chinese business from its franchise partner is an "excellent"
Read moreUPDATE: Burberry Shares Rise On Chinese Store Acquisition
16th Jul 2010 09:29
(Rewrites, adds detail.) By Molly Neal and Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Shares in Burberry PLC (BRBY.LN) rose sharply Friday after the U.K.-based luxury fashion house continued its strategy to take greater control of its worldwide brand with the GBP70 millio
Read moreLondon open: BP leads market higher
16th Jul 2010 08:51
London's top stocks have opened higher as BP again leads the way on optimism over its efforts to cap the well in the Gulf of Mexico. BP yesterday succeeded in stopping the flow of oil pouring into the Gulf of Mexico for the first time in three months. The shutdown is part of an "integrity test" to
Read moreBurberry Buys Chinese Stores From Franchise Partner
16th Jul 2010 08:11
By Molly Neal Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K.-based luxury fashion house Burberry PLC (BRBY.LN) Friday announced the GBP70 million acquisition of 50 stores in China as it continues its strategy to take greater control of its worldwide brand. The cash deal to buy the stor
Read moreMARKET TALK: Burberry Shares Seen Up On Purchase - Trader
16th Jul 2010 07:51
0651 GMT [Dow Jones] Burberry (BRBY.LN) shares are expected to rise more than 5% today following news the company has bought its Chinese retail operations for GBP70M, says a trader. Notes the move will add GBP20M to operating profit for FY '12, according to Burberry. Says this implies upgrades to FY
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jul 2010 07:51
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0651 GMT [Dow Jones] Burberry (BRBY.LN) shares are expected to rise more than 5% today following news the company has bought
Read moreBurberry £20m boost from China buy-in
16th Jul 2010 07:30
Luxury brands group Burberry has taken its franchised stores in China under its own control as part of a move to unify its brand globally. Burberry will pay £70m in cash, subject to completion adjustments, for the 50 stores. The transaction is expected to add up to £20m to group operating profit i
Read moreBurberry Group Buys Chinese Operations For GBP70M
16th Jul 2010 07:06
LONDON (Dow Jones)--Burberry Group PLC (BRBY.LN), a global luxury company, Friday announces that it has entered into an agreement to acquire the stores and related assets in China currently operated by its long-standing franchisees. MAIN FACTS: -The purchase price is approximately GBP70 mill
Read moreBurberry Group Plc Acquisition Of Chinese Retail Operations
16th Jul 2010 07:00
TIDMBRBY RNS Number : 4139P Burberry Group PLC 16 July 2010 ? 16 July 2010 Burberry Group plc Acquisition of Chinese retail operations Burberry, the global luxury company, today announces that it has entered into an agreement to acquire the
Read moreCORRECT: Burberry Chairman: Firm Committed To Trading In Spain
15th Jul 2010 12:19
("=Burberry Chairman Says Group Committed To Trading In Spain," at 1026 GMT, misstated the name of the chief financial officer in the third and fourth paragraph. The correct version follows:) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The chairman of U.K. luxury fashion
Read moreThursday tips round-up: LSE, Burberry, Northern Foods
15th Jul 2010 06:21
The London Stock Exchange has had a rocky ride recently, so much so that after moving back into the FTSE 100 index of blue chips stocks, it was booted off again in the June index review. Recent price changes have made the LSE more competitive, and compared to April, the exchange's share of trading
Read moreLondon close: Triple digit gains
13th Jul 2010 16:31
Footsie's gains exceeded the triple-digit level at trading's close after optimism engendered by an upbeat start to the US results season. Aluminium giant Alcoa posted profits ahead of expectations last night. Here, product testing company Intertek is benefitting from Merrill Lynch lifting its pric
Read moreLondon afternoon: Good start to US results season lifts UK
13th Jul 2010 14:30
Footsie has risen steadily throughout the day, riding a wave of optimism after aluminium giant Alcoa got the second quarter results season in the US off to a strong start, while Merrill Lynch further aided sentiment by talking down the chances of the global economy experiencing a double-dip recessio
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
13th Jul 2010 14:16
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1316 GMT [Dow Jones] Burberry's (BRBY.LN) 1Q update is strong, with total sales up 30% to GBP282M, says Charles Stanley. N
Read moreMARKET TALK: Burberry 1Q Update Strong - Charles Stanley
13th Jul 2010 14:16
1316 GMT [Dow Jones] Burberry's (BRBY.LN) 1Q update is strong, with total sales up 30% to GBP282M, says Charles Stanley. Notes outlook comments were upbeat, management saying the Burberry brand has such momentum it should continue to outperform irrespective of the economic backdrop. Brokerage says t
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