Edition:
India

Burberry Group PLC (BRBY.L)

BRBY.L on London Stock Exchange

1,808.50GBp
24 May 2019
Change (% chg)

22.50 (+1.26%)
Prev Close
1,786.00
Open
1,788.50
Day's High
1,817.50
Day's Low
1,784.50
Volume
1,379,096
Avg. Vol
1,112,216
52-wk High
2,347.24
52-wk Low
1,618.50

Latest Key Developments (Source: Significant Developments)

Airbnb Names Angela Ahrendts, Former Apple Retail Chief And Burberry CEO, To Join Its Board
Thursday, 16 May 2019 

May 16 (Reuters) - Airbnb: :AIRBNB - ANGELA AHRENDTS HAS JOINED CO'S BOARD OF DIRECTORS AS ITS THIRD INDEPENDENT NON-AFFILIATED BOARD MEMBER, JOINING KEN CHENAULT AND ANN MATHER.  Full Article

Burberry Says Jeremy Darroch Has Decided To Step Down As Chairman Of Audit Committee
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Burberry Group PLC ::BURBERRY GROUP PLC - BOARD COMMITTEE CHANGES.BURBERRY GROUP PLC - JEREMY DARROCH HAS DECIDED TO STEP DOWN AS CHAIRMAN OF AUDIT COMMITTEE WITH EFFECT FROM 6 FEBRUARY 2019.BURBERRY GROUP PLC - MATTHEW KEY WILL SUCCEED DARROCH AS CHAIRMAN OF AUDIT COMMITTEE.  Full Article

Burberry Group to commence share repurchase of up to 150 mln pounds​
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Burberry Group Plc :TO ‍COMMENCE A SHARE REPURCHASE PROGRAMME OF COMPANY'S ORDINARY SHARES OF 0.05P EACH UP TO A MAXIMUM CONSIDERATION OF £150M​.‍PURCHASE OF SHARES WILL TAKE PLACE DURING PERIOD COMMENCING ON 27 NOVEMBER 2017 AND ENDING NO LATER THAN 1 MARCH 2018​.  Full Article

Burberry does not expect to announce new creative lead soon
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Burberry Group :Cfo brown says ambition to improve op margin significantly from current 17 percent, although not to level of luxury leather goods companies, which are around 26 percent.Ceo gobbetti says we have started process to find right creative lead, don’t expect any announcement any time very soon.Ceo gobbetti says outerwear will remain a fundamental part of burberry.Ceo gobbetti says burberry pretty well priced in outerwear, other items need price adjustment.Ceo gobbetti says it will take a couple of years to rationalise u.s. Distribution.Ceo says there will be an element of price in growth forecast and there will be volume growth as well.Ceo says “no intention of shutting out customers through pricing”.Burberry cfo says targeting a 300 basis points increase in operating margin in five year period.Cfo says underlying inflation in cost base is running at about 4 percent.  Full Article

Burberry H1 ‍adjusted op profit rises 17 pct to 185 mln stg
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Burberry Group Plc :Interim dividend up 5 percent to 11 penceper share.H1 ‍revenue 1,263 million stg, up 4​ percent underlying.‍h1 retail comparable store sales, up 4 percent.‍adjusted operating profit 185 million stg, up 17 percent underlying​.‍now expect to deliver £60m of cumulative cost savings in full year​.‍expected impact of year-on-year exchange rate movements on fy 2018 reported adjusted operating profit is around £20m adverse compared to our previous guidance for £25m adverse at 30 june effective rates​.  Full Article

Burberry names Jeremy Darroch as senior independent director
Wednesday, 21 Jun 2017 

June 21 (Reuters) - Burberry Group Plc :Jeremy Darroch has been appointed as senior independent director (sid) with effect from 1 July 2017 replacing Philip Bowman.Will be responsibility of Jeremy Darroch as newly appointed SID to lead process of appointing a successor to John Peace.Anticipated that a successor for Peace will be announced by end of 2018.  Full Article

UPDATE 2-Financials, miners lead FTSE 100 rebound, but Burberry, Thomas Cook slip

* Sophos surges on better-than-expected profit (Adds analyst comment, company news items, updates to closing prices)