Burberry Group

Ticker BRBY

Today's data summary

Market closed
% change
+2.44%
Price Pence
2100.00
Change
+50.00
As of 16:44 07 Dec 2019
Market cap. Pound sterling
8,574.36 million
As of 16:44 07 Dec 2019

Latest updates

Moncler bid buoys Burberry share price

Paris Opening Event in November 2019 of puffer jackets
Getty Images

Burberry is leading the risers in the FTSE 100, up around 4%, on the back of speculation of a wave of mergers in the luxury goods sector.

French group Kering - which owns Gucci - is reported to be interested in buying Italy's Moncler - think posh puffer jackets and ski wear. Moncler's shares are up more than 9%,

That comes just a week after LVMH announced the takeover of jeweller Tiffany in a $16bn (£12.5bn) deal.

DS Smith leads FTSE 100 fallers

Cardboard
Getty Images

Shares in packaging group DS Smith is leading the FTSE 100 fallers despite reporting a 31% rise in interim profits.

Its share price is down 4.1% at 362.7p.

Luxury fashion house Burberry is the morning's biggest blue chip riser, up 2.8% at £20.43.

The FTSE 100 is down 0.19% at 7,175.07.

Homewares and furnishing firm Dunelm has soared to the top of the FTSE 250, up 14.8% to 959p, after raising its full year forecasts.

The FTSE 250 is down 0.12% at 20,640.95.

Burberry among FTSE risers

Burberry gear
Getty Images
Burberry is among the FTSE risers

There are no really notable climbers in the blue-chip index this morning.

NMC Health is rising again and is up 3.17% at 2,536.00 to lead the index.

Evraz is up 3.09% while luxury fashion firm Burberry has risen 2.56%.

The only other two shares that have climbed more than 2% so far are M&G and JD Sports which are both up just a shade above the 2% mark.

Burberry hit by Hong Kong unrest

Protestor in Hong Kong
EPA

Luxury fashion brand Burberry says its sales in Hong Kong have seen a "double digit" percentage fall in sales as a result of the continuing unrest there.

Despite the disruption in Hong Kong, Burberry still managed to report a 5% rise in revenue to £1.28bn for the six months to 28 September. Adjusted operating profit climbed 14% to £203m.

However, the fashion house warned that sales in Hong Kong were expected to "remain under pressure".

It also added: "Adverse macro-economic conditions or country-specific civil unrest, for example in Hong Kong, may impact spending habits of key consumer groups such as the Chinese consumer and cause increased operational costs."

Johnson Matthey shares slide

Car exhaust
Getty Images

Johnson Matthey is leading the FTSE 100 fallers on Wednesday after the speciality chemicals group lowered the profit outlook for its largest operation, which makes pollution filters for cars and trucks.

Its share price is down 4.1% at £32.49.

Luxury fashion house Burberry is the biggest blue chip riser for a second day, up 2.9% at £23.45 after it announced strong first quarter financials on Tuesday.

The FTSE 100 is trading 0.21% lower at 7,561.52.

Housebuilding and construction group Galliford Try leads the FTSE 250, up 6.5% at 651.75p after it reaffirmed its outlook for the full year.

In May, the company announced a restructure of its construction business, impacting up to 350 jobs.

The FTSE 250 is a little lower at 19,640.35.

Burberry shares soar to the top of FTSE 100

Riccardo Tisci
Getty Images
Riccardo Tisci joined Burberry as chief creative officer in 2018

Strong like-for-like sales over the first quarter have propelled shares in luxury fashion house Burberry to the top of the FTSE 100, up 11.78% at £22.24.

Fans of the label have embraced designs by chief creative officer Riccardo Tisci while the company also reported stronger demand in China.

Investors welcomed Pearson's decision to switch paper in favour of technology for its new school text books. Its share price is 3% ahead at 889.9p.

Online property site Rightmove is the day's biggest FTSE 100 faller so far, down 2.35% at 519.55p.

The FTSE 100 is up 0.36% at 7,558.96.

On the FTSE 250 - up marginally at 19,591.11- AG Barr's share price remains in the doldrums after a shock profits warning. Its share price is now down 24.97% at 652p.

Burberry like-for-like sales rise

Burberry collection
Getty Images

Fashion-conscious shoppers appear to have fully embraced Burberry's chief creative officer, Riccardo Tisci, after the company reported a 4% rise in like-for-like sales in the second quarter.

Total revenues for the 13 weeks to 29 June also rose by 4% to £498m.

Burberry said it increased the availability of new products designed by Mr Tisci, who took over from Christopher Bailey in 2018, which helped boost sales.

It reported growth in the Asia Pacific region, lifted by China where it has previously faced challenges.

Burberry confirmed its financial outlook for 2020.

Energean shares jump on $750m Edison deal

Energean Oil & Gas rig
Energean Oil & Gas

Energean Oil & Gas's stock has soared to the top of the FTSE 250 risers after announcing it will buy oil and gas assets from Edison of Italy for $750m.

Its share price jumped 10.34% to 929p.

The FTSE 250 narrowly reversed an earlier decline to trade up 0.11% at 19,813.11.

The FTSE 100 has eked out a small gain, rising to 7,613.63.

Bottling giant Coca-Cola HBC is now leading the blue chip fallers, with its share price down 6.7% at £28.68.

Luxury fashion house Burberry continues to top the risers. Its share price is ahead 2.17% at £19.53.

Subdued open for London stocks

Burberry fashion show
Reuters

The FTSE 100 opened virtually unchanged at 7,608.54.

Shares in luxury fashion house Burberry led the blue chip risers, up 1.5% to £19.44.

But International Consolidated Airlines Group, which own British Airways, is the biggest faller, down 7.4% to 451p.

The FTSE 250 ticked marginally lower. Defence and engineering contractor Babcock International saw its shares drop 5% to 445.6p. Shares in peer-to-peer lender Funding Circle rose 5.6% to 128.4p.