Burberry Group PLC (BRBY.L)
23 Aug 2019
British fashion brand Burberry's shares jumped on Tuesday, lifting other luxury goods makers, while upbeat earnings from big Wall Street banks spurred gains for the region's lenders, driving major European markets to their highest closing levels in a week.
* Britain's FTSE rises as pound hit by Brexit woes (Updates to close)
* Burberry near one-year high after upbeat first-quarter update
PARIS It has a hotshot new designer known for dressing Beyonce and is experimenting with monthly product launches on social media. | Video
LONDON/PARIS Strong demand for designer Riccardo Tisci's new fashion ranges helped revenue at British label Burberry grow faster than expected in the first quarter, sending its shares soaring as a high stakes overhaul showed early signs of promise. | Video
* Shares surge more than 13% (Adds shares, details on China performance, Burberry products, quotes)
LONDON/PARIS, July 16 British luxury brand Burberry on Tuesday reported a stronger than expected 4% rise in first-quarter comparable store sales, lifted by new designs from creative chief Riccardo Tisci.
PARIS, July 15 It has a hotshot new designer known for dressing Beyonce and is experimenting with monthly product launches on social media.
** JP Morgan expects Q1 LFL sales to rise 3% or "slightly better" than Q4 LFL growth of 1% as more of new designer Riccardo Tisci's products hit the stores, with "little help" from forex
* Sophos surges on better-than-expected profit (Adds analyst comment, company news items, updates to closing prices)