BRBY.L - Burberry Group plc

LSE - LSE Delayed price. Currency in GBp
2,010.00
+11.50 (+0.58%)
At close: 4:37PM GMT
Stock chart is not supported by your current browser
Previous close1,998.50
Open1,999.00
Bid2,018.00 x 0
Ask2,019.00 x 0
Day's range1,918.00 - 2,019.00
52-week range1,678.00 - 2,362.00
Volume1,966,384
Avg. volume1,532,069
Market cap8.161B
Beta (5Y monthly)0.58
PE ratio (TTM)23.21
EPS (TTM)86.60
Earnings date14 Nov 2019
Forward dividend & yield0.43 (2.14%)
Ex-dividend date19 Dec 2019
1y target est1,915.22
  • Reuters - UK Focus

    GRAPHIC-Why the 'devil' coronavirus has hit European stocks hard

    A whopping $200 billion was wiped from European stocks at the start of this week as the deadly coronavirus prompted investors to cut back exposure to companies with a strong presence in China, the world's fastest-growing consumer market. Hundreds of millions of people have been preparing to travel for the Chinese holidays, stoking concerns infection rates may accelerate during the period - which is also a peak retail season in China and overseas. The virus - which Chinese President Xi Jinping has described as a "devil" - has had a bigger impact on European companies than their U.S. peers due to their high revenue exposure to China.

  • Reuters - UK Focus

    European shares rebound from worst day in nearly four months

    European stocks rose on Tuesday, after posting their worst day in about four months in the previous session on concerns about the potential impact on businesses from the coronavirus outbreak. The pan-European STOXX 600 index was up 0.3% at 0807 GMT. Airbus was the biggest boost to the benchmark index, after saying it had agreed to reach a settlement with French, British and U.S. authorities regarding a probe into allegations of bribery and corruption.

  • Reuters - UK Focus

    LIVE MARKETS-New year rally succumbs to virus scare

    * European shares down sharply on China virus worries * Miners, luxury, airlines lead sectoral fallers * Italian banks outperform sector as regional vote brings relief * STOXX set for worst day since October * Volatility surges * Wall Street slumps 2% Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. The pan-European STOXX 600 index, France's CAC 40 and Germany's DAX are now in negative territory year-to-date as markets are heading for their biggest one-day fall in four months on fast-spreading China virus fears.

  • Reuters - UK Focus

    LIVE MARKETS-Buying the dip in mining?

    * European shares down sharply on China virus worries * Miners, luxury, airlines lead sectoral fallers * Italian banks outperform sector as regional vote brings relief * STOXX down 2%, set for worst day since October * Volatility surges Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves.

  • Reuters - UK Focus

    LIVE MARKETS-Coronavirus outbreak fuels volatility surge

    * European shares down sharply on China virus worries * Miners, luxury, airlines lead sectoral fallers * Italian banks outperform sector as regional vote brings relief * STOXX down 2.1%, set for worst day since October * Volatility surges Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: joice.alves.thomsonreuters.com@reuters.net CORONAVIRUS OUTBREAK FUELS VOLATILITY SURGE (1134 GMT) Mounting fears about the coronavirus outbreak in China have fuelled a rare volatility surge across European stock markets.

  • Reuters - UK Focus

    LIVE MARKETS-Bleeding from virus: 586 out of 600 stocks in red

    * European shares down sharply on China virus worries * Miners, luxury, airlines lead sectoral fallers * Italian banks outperform sector as regional vote brings relief * STOXX down 2.1%, set for worst day since October Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Airlines, hotels, cars, luxury goods, oil, industrial stocks, you name it, are all among fallers. Here's a snapshot of the intensity of the sell-off: (Thyagaraju Adinarayan) ***** LUXURY UPGRADES IN THE TIME OF CORNAVIRUS (1048 GMT) China is by far the No. 1 growth market for European luxury and the space is understandably hammered this morning on the mounting worries over the impact of the spreading Cornaviris.

  • What to Watch: Virus hits travel stocks, Amigo and Petro Diamonds slide
    Yahoo Finance UK

    What to Watch: Virus hits travel stocks, Amigo and Petro Diamonds slide

    A daily overview of the top business, market and economic stories you should be watching today in the UK and abroad.

  • Reuters - UK Focus

    LIVE MARKETS-There goes the FTSE post-election buzz

    * European shares down sharply on China virus worries * Miners, luxury, airlines lead sectoral fallers * Italian banks rise as regional vote brings relief * STOXX down as much as 2%, set for worst day since October Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: joice.alves.thomsonreuters.com@reuters.net THERE GOES THE FTSE POST-ELECTION BUZZ (1038 GMT) Among all the big casualties on the trading floor this morning is the post-election buzz which turbo-charged UK equities after Boris Johnson's landslide win in December.

  • Reuters - UK Focus

    LIVE MARKETS-Luxury: China virus stings hard, $50 bln wiped off

    * European shares open down sharply on China virus worries * Miners, luxury, airlines lead sectoral fallers * Italian banks rise as regional vote brings relief Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Reach her on Messenger to share your thoughts on market moves: joice.alves.thomsonreuters.com@reuters.net LUXURY: CHINA VIRUS STINGS HARD, $50 BLN WIPED OFF (0925 GMT) It's not surprising to see more than 95% of the STOXX 600 constituents in red this morning as China's spreading virus outbreak is taking a toll on stocks ranging from miners to perfume makers. The jolt is immediately felt in the top luxury names in Europe with nearly $50 billion wiped off from their market value since the outbreak.

  • Reuters - UK Focus

    LIVE MARKETS-Postcard from Italy

    * Italian banks rise as regional vote brings relief Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. Clouds may be darkening on markets this morning on the growing China virus scare but it looks the sun is shining over Italy. UniCredit: "We expect the center-left victory in Emilia Romagna to help ease some pressure within the ruling coalition and provide some support to government action in the coming months".

  • Reuters - UK Focus

    LIVE MARKETS-Opening snapshot: China-exposed sectors under pressure

    * Miners, luxury, airlines lead sectoral fallers Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Joice Alves. The China-sensitive mining sector is down 3.4% and travel & leisure index is 2.2% lower as investors are growing anxious about the new virus. Despite the week-long holiday to celebrate the Chinese new year, investors are concerned people will avoid travelling.

  • Reuters - UK Focus

    FTSE 100 tumbles again as coronavirus fears grow

    The FTSE 100 index, which had recovered on Friday after the World Health Organisation issued a measured assessment of the virus, stumbled 1.5% by 0808 GMT, set for its worst daily performance since early December. News that China's death toll from the coronavirus discovered at the end of last year has risen to 80 spooked investors and dragged an index of leisure and airline stocks down nearly 2%.

  • Luxury’s Dependence on China Gets Tested
    Bloomberg

    Luxury’s Dependence on China Gets Tested

    (Bloomberg Opinion) -- For a while there, the major luxury companies appeared to be impervious to hard times in Asia. Even as prolonged unrest in Hong Kong hurt sales, and trade talks between the U.S. and China ground on, their stocks kept climbing. That changed this week as fears grow about the spread of a deadly virus in China.With the death toll reaching 25 on Friday, and China restricting travel for 40 million people on the eve of Lunar New Year, the question of what it all means for demand for high-end watches and handbags is obviously of minor concern. Yet it’s an unwanted reminder of just how dependent the industry is on Chinese consumers. Shoppers from the world’s most populous nation, be they in Shanghai, Singapore or San Francisco, probably accounted for about 35% of global luxury goods sales last year, according to Bain & Co. and Altagamma. What’s more, they generated the lion’s share — 90% — of all growth. There’s no reason to think they won’t be just as crucial to the sector’s performance this year too. One analyst, Flavio Cereda at Jefferies, says he expects the bulk of his estimated 5% sales growth (excluding currency movements) in 2020 global luxury sales to come from the Chinese, putting their expected impact at 4 percentage points.  Some companies in particular, including Burberry Group Plc and watchmakers Swatch Group AG and Cartier-owner Richemont, have an exposure above the industry average. It’s too early to say what will be the impact of this new coronavirus that’s gripping China as hundreds of millions of people travel for the Lunar New Year — traditionally a time when revelers spend on goods from the top luxury brands. On Friday, the World Health Organization stopped short of calling it a global health emergency. After first appearing in the central Chinese city of Wuhan, it has spread to locations including Singapore, Hong Kong, Thailand and the U.S. Chinese authorities have been working to revise or cancel planned holiday activities in an attempt to stop any further spreading. Starting on Saturday, Disneyland Shanghai is being closed temporarily.If the crisis intensifies, it could become more problematic. People wanting to avoid the risk of catching the virus will likely curtail anything but the most necessary travel, and avoid crowded areas, with shopping malls among them. That will hurt companies that managed to make up some lost Hong Kong sales at their stores in mainland China.It will also hit sales to Chinese tourists the world over. Although Hong Kong and Macau, which has canceled all of its Lunar New Year festivities, remain the most popular destination for Chinese travelers, Japan, the U.S., Italy and France are also high on their itineraries. Chinese tourists are the highest spenders across most of Europe, according to payments provider Planet, typically splashing out for goods worth about four times that of domestic shoppers. In the U.S., a number of retailers, including diamond jewelry specialist Tiffany & Co., have already said they’ve been impacted by having fewer tourists due to the dollar’s strength.Even though Chinese shoppers have recently been spending more at home, as excursions to Hong Kong fall, they still make the bulk of their purchases when they travel, a time when people are more inclined to blow the budget on impulse buys. Any slowdown in international travel would also hit demand in duty-free shops, including luxury behemoth LVMH’s DFS business and Dufry AG, in which Richemont has a 5% stake.There’s also a broader risk to spending at home and abroad. Luxury thrives when consumers feel happy and wealthy, not when people fears for their health, and that of friends and family. And if the virus has any knock-on effects on the Chinese economy, that would cause ripple effects elsewhere as well. The situation is bringing back memories from 17 years ago when the severe acute respiratory syndrome, or SARS, killed about 800 people. At the time, Chinese shoppers probably accounted for about 10-15% of global luxury sales, much less than today.   So investors will be watching what the impact will be on the big groups. This week, LVMH, Kering SA, Burberry, Richemont and Swatch all fell, as well as U.S. names Tapestry Inc. and Michael Kors-owner Capri Holdings Ltd., all underperforming their respective markets. Some recovered on Friday. Yet valuations remain elevated. That means there’s little comfort as everyone tries to learn more about just what this virus will bring. To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: Melissa Pozsgay at mpozsgay@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • The Burberry Group (LON:BRBY) Share Price Is Up 26% And Shareholders Are Holding On
    Simply Wall St.

    The Burberry Group (LON:BRBY) Share Price Is Up 26% And Shareholders Are Holding On

    By buying an index fund, investors can approximate the average market return. But if you choose individual stocks with...

  • I like these 2 FTSE 100 companies that have good news!
    Fool.co.uk

    I like these 2 FTSE 100 companies that have good news!

    It's refreshing to discover some positive company news in an influx of negative news headlines.The post I like these 2 FTSE 100 companies that have good news! appeared first on The Motley Fool UK.

  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: Change of heart

    * European shares little changed * DAX flat after hitting new record peak * Worries over spreading Coronavirus ease * Italian banks fall on fresh political uncertainty * S&P 500, Nasdaq aim for record on IBM earnings Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni.

  • Reuters - UK Focus

    LIVE MARKETS-Autos decoupling from DAX: a trade war put option?

    * European shares little changed * DAX flat after hitting new record peak * Worries over spreading Coronavirus ease * Italian banks fall on fresh political uncertainty * S&P 500, Nasdaq aim for record on IBM earnings Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Barclays anticipates better days ahead for earnings in 2020 rather than the actual Q4 numbers and overall, it says you shouldn't expect much of a boost in share prices from the results as the U-shaped recovery has been largely priced in.

  • Reuters - UK Focus

    LIVE MARKETS-Ponzi Market?

    * European shares little changed * DAX flat after hitting new record peak * Worries over spreading Coronavirus ease * Italian banks fall on fresh political uncertainty * S&P 500, Nasdaq aim for record on IBM earnings Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net PONZI MARKET? In a note titled, "Global Central Banks Fuelling a Ponzi Market a Ponzi Market", Guggenheim Investments CIO Scott Minerd says the only reason investors keep adding to risk is the fear that prices will be higher tomorrow.

  • Reuters - UK Focus

    LIVE MARKETS-Trade truce: much ado about nothing

    * European shares little changed after higher open higher * DAX flat after hitting new record peak * Worries over spreading Coronavirus ease * Italian banks fall on fresh political uncertainty * S&P 500, Nasdaq aim for record on IBM earnings Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net TRADE TRUCE: MUCH ADO ABOUT NOTHING (1429 GMT) How would you react if you were told that the trade truce between U.S. and China would at best boost global trade for this year by just $20 billion (that's much lesser than how much Apple grew its revenue last year)?

  • Burberry weathers Hong Kong slump by selling more in mainland China
    Reuters

    Burberry weathers Hong Kong slump by selling more in mainland China

    Luxury fashion label Burberry upgraded its full-year sales forecast on Wednesday as demand for Riccardo Tisci's new collections in Europe and mainland China offset a slump in Hong Kong. Burberry, famed for its trenchcoats and check scarves, said its sales in Hong Kong halved in the 13 weeks to Dec. 28, its third quarter, as large scale demonstrations in the territory since June have deterred visitors from mainland China. Chinese luxury shoppers are a major focus for Burberry and a recent outbreak of a new coronavirus in China, which has killed nine and infected 440 so far, poses another risk to the luxury sector if travel is affected.

  • Reuters - UK Focus

    LIVE MARKETS-Italy risks are back but don't worry too much

    * European shares open higher; DAX hits new record peak * Worries over spreading Coronavirus ease * Italian banks fall on fresh political uncertainty * S&P 500, Nasdaq futures also touch new record high * Asian shares up, investors welcome China virus response Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Risks of an early election handing power to right-wing leader Matteo Salvini look small and some investors see the drop in Italian assets as a possible buying opportunity.

  • Reuters - UK Focus

    LIVE MARKETS-Tesla vrooms past VW to become no. 2

    * European shares open higher; DAX hits new record peak * Worries over spreading Coronavirus ease * Asian shares up, investors welcome China virus response Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. 2 (1038 GMT) One hundred billion dollars (purposely spelled out) -- that's what Tesla is expected to be worth when U.S. markets open later today, dethroning car behemoth Volkswagen to become the world's second-biggest automaker by market cap. "The rise in the value of Tesla tells us little about the health of the car market (modest in the U.S., weaker in Germany and China), but a lot about investor behaviour and the state of banking," says Mike O'Sullivan, author and ex-CIO at Credit Suisse IWM.

  • Burberry Falls Victim to Hong Kong Protests Eroding Sales
    Bloomberg

    Burberry Falls Victim to Hong Kong Protests Eroding Sales

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Burberry Group Plc became the latest victim of the Hong Kong protests as sales in that market dropped by half over the Christmas quarter, while the spread of a new viral disease in Asia risks dimming the outlook further.The stock fell as much as 4.1% even after the company raised its forecast for full-year sales growth to a low single-digit percentage.Asian demand is crucial to the British maker of $2,000 trenchcoats and $470 scarves, which gets about 40% of its sales from Chinese shoppers. After political protests in Hong Kong led to store closures and weighed on tourism for months, the luxury industry is now bracing for the impact of a lung ailment that first appeared in China in December. Hong Kong reported a suspected first case of the disease today.The World Health Organization is set to decide Wednesday whether to declare the virus an international public health emergency, just before millions of people prepare to travel for the Chinese Lunar New Year holiday. That could weigh on tourism and consumption on the mainland, where growth has been compensating for the slump in Hong Kong. Burberry is preparing to showcase its autumn-winter collection in Shanghai for this first time in April.Retail growth came in just ahead of the consensus for the company’s fiscal third quarter, which ran through December. The stock has been strong recently, gaining 27% in 2019.Revenue in Hong Kong slumped in the period as the protests led to a drop in Chinese tourists. Sales on the mainland rose more than 10%. Burberry said it’s trying to lower rents in Hong Kong to lower costs there.While Burberry’s global growth has improved, it’s still lagging peers nearly two years after the head designer, Riccardo Tisci, was hired and about three years since Chief Executive Officer Marco Gobbetti joined. Both came from top luxury rival LVMH.Revenue KeyThe company is targeting improvements in profitability from next year, yet top-line growth is the priority at this point, Chief Financial Officer Julie Brown told reporters on a conference call.“We’ve got the cost base under tight control,” Brown said. “We’re in a position to leverage the business. That said, we will always prioritize investment. We believe the revenue growth is key at this stage.”A retooled aesthetic with new products, logos, and store decor is fueling interest at Burberry. New products made up three-quarters of the assortment. But with stores as far-flung as a boutique in Paris’s posh 8th district and an outlet mall in Dawsonville, Georgia, the transition to a new Burberry is taking time.“Brand heat is improving but we are unsure that it is strong enough to take market share from the sector winners,” wrote Piral Dadhania, an analyst at RBC. The company previously forecast flat sales this year.(Updates with details on Hong Kong, illness in third paragraph)\--With assistance from Albertina Torsoli.To contact the reporter on this story: Robert Williams in Paris at rwilliams323@bloomberg.netTo contact the editors responsible for this story: Eric Pfanner at epfanner1@bloomberg.net, Thomas Mulier, Marthe FourcadeFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • £1k to invest? I’d buy this FTSE 100 growth stock, but shun this FTSE 250 faller
    Fool.co.uk

    £1k to invest? I’d buy this FTSE 100 growth stock, but shun this FTSE 250 faller

    This FTSE 100 (INDEXFTSE:UKX) growth hero looks like a strong long-term buy-and-hold to me.The post £1k to invest? I'd buy this FTSE 100 growth stock, but shun this FTSE 250 faller appeared first on The Motley Fool UK.

  • Reuters - UK Focus

    LIVE MARKETS-Did you spot the stealth STOXX 600 record high?

    * Asian shares up, investors welcome China virus response Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni.

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