3rd UPDATE: Burberry Year Starts Strongly As Sales Rise 27%
13th Jul 2010 13:16
(Adds CFO, analyst comment, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. luxury fashion house Burberry PLC (BRBY.LN) Tuesday reported a strong start to its fiscal year with a 27% rise in first-quarter sales and said it expects to remain unaffected by projec
Read moreBroker tips: Burberry, Capita
13th Jul 2010 13:05
The sales update from Burberry on Tuesday was ahead of market expectations and though the near term trading outlook for the luxury goods maker is uncertain given the spell of belt tightening the government wants us to perform, Charles Stanley still thinks the shares are worth accumulating on any di
Read moreBroker snap: Buy Burberry on the dips
13th Jul 2010 13:03
The trading update from Burberry on Tuesday was ahead of market expectations and though the near term trading outlook for the luxury goods maker is uncertain given the spell of belt tightening the government wants us to perform, Charles Stanley still thinks the shares are worth accumulating on any
Read moreLondon midday: Stocks kick on as inflation eases
13th Jul 2010 12:16
Inflation figures gave the London stock market a boost this morning and the Footsie ended the session close to its highest level for the day. Consumer price inflation (CPI) eased towards the Bank of England's target level of 2% in the year to June. helped by lower petrol prices. CPI annual inflati
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
13th Jul 2010 11:42
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] 1042 GMT [Dow Jones] Evolution Securities raises Burberry (BRBY.LN) target price to 780p from 740p following the company's
Read moreMARKET TALK: Evolution Raises Burberry Target Price
13th Jul 2010 11:42
1042 GMT [Dow Jones] Evolution Securities raises Burberry (BRBY.LN) target price to 780p from 740p following the company's 1Q update. Notes reported sales growth of 27% vs Evolution's expectation of 13%. Says this is the result of stronger than expected sales in Europe and Asia Pacific and a 51% ris
Read more2nd UPDATE: Burberry Year Starts Strongly As Sales Rise 27%
13th Jul 2010 09:48
(Rewrites. Adds CFO analyst comment, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. luxury fashion house Burberry PLC (BRBY.LN) Tuesday reported a strong start to its fiscal year with a 27% rise in first-quarter sales and said it expects to remain unaffected
Read moreLondon open: Steady start for blue chips
13th Jul 2010 08:51
Footsie has made a healthy start with another good news day for BP helping the oil giant recover further. BP shares are up another 4% so far this morning on hopes it is near to stemming the flow of oil spilling into the Gulf of Mexico. A new 75-tonne steel cap was lowered over the damaged well lat
Read moreUPDATE: Burberry Year Starts Strongly, 1Q Sales Up 27%
13th Jul 2010 07:47
(Adds CEO, analyst's comment, detail.) By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. luxury fashion house Burberry PLC (BRBY.LN) Tuesday said its new fiscal year started strongly as it posted a 27% rise in first-quarter sales. Sales in the quarter ended June 30 r
Read moreLondon pre-open: Modestly firmer start expected
13th Jul 2010 07:42
A modestly firmer opening is in prospect for Footsie with little in the way of major corporate news to generate trading interest. Dealers expect the FTSE 100 index will open around 12 points higher at 5,179. Underlying revenue at luxury goods maker Burberry was up 24% in the May to June quarter. Un
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
13th Jul 2010 07:21
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] 0621 GMT [Dow Jones] Burberry's (BRBY.LN) first-quarter trading update shows very good numbers, Investec analyst Katharine Wy
Read moreMARKET TALK: Burberry 1Q Very Good - Investec
13th Jul 2010 07:21
0621 GMT [Dow Jones] Burberry's (BRBY.LN) first-quarter trading update shows very good numbers, Investec analyst Katharine Wynne says. Adds she would be surprised if the stock does not rise on the results. Keeps hold rating. Shares closed Monday at 789p. ([email protected]) Contact us in L
Read moreBurberry Year Starts Strongly, 1Q Sales Up 27%
13th Jul 2010 07:18
By Simon Zekaria Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Burberry PLC (BRBY.LN) Tuesday said its new fiscal year started strongly as the U.K. luxury fashion house posted a 27% rise in first-quarter sales. Sales in the quarter ended June 30 rose to GBP291 million from GBP229 million a
Read moreBurberry beats Q1 forecasts in style
13th Jul 2010 07:02
Sales of coats and accessories were behind a better than expected leap in sales at luxury goods giant Burberry during the first quarter. Total sales jumped 27%, or 21% at constant exchange rates, to £291m in the three months to 30 June, although they grew 30% (24%) to £282m excluding the Spanish bu
Read moreTuesday preview: Burberry, Computacenter, inflation
12th Jul 2010 17:58
Luxury goods maker Burberry has been a fashion success story throughout the recession, as reflected by its shares, which are up 90% or so over the last year. On Tuesday it brings out a sales update for its first quarter, covering the April to June period. Nomura Securities and UBS are both predic
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