Burberry Group PLC (BRBY.L)
* Will commence an initial share repurchase programme of company's ordinary shares up to a maximum consideration of £100m
* Poundland shares up over 12 pct on M&A news (Adds detail and quote, updates prices at close)
LONDON, July 13 British luxury goods brand Burberry, which announced a management shake-up this week as it seeks to overturn falling profits, said on Wednesday it expects a post-Brexit drop in the pound to boost its earnings this year.
* Cfo says brexit will have no 'discernable impact' on trading short term, too early to predict longer term
July 13 Britain's FTSE 100 index is seen opening down 20 points on Wednesday, according to financial bookmakers, with futures down 0.35 percent ahead of the cash market open.
LONDON, July 13 Britain's Burberry reported a 3 percent drop in like-for-like sales in a "challenging" first quarter, underlining the size of the task facing Marco Gobbetti when he takes over chief executive duties from Christopher Bailey next year.
LONDON British luxury brand Burberry has recruited Marco Gobbetti, the Italian boss of French brand Celine, to succeed Christopher Bailey as chief executive next year, freeing Bailey to focus again on the design role that made his name.
* Shares have best day in three years (Adds detail, background, analyst comment, shares)
LONDON, July 11 British luxury brand Burberry said on Monday Marco Gobbetti, currently chairman and chief executive of French luxury brand Céline, would succeed Christopher Bailey as chief executive next year.
* Julie Brown appointed as new chief operating & financial officer