Weekly outlook: Burberry and Imperial Brands report; UK employment data covering lockdown period
The key events for UK wealth managers for the week starting 18 May
The key events for UK wealth managers for the week starting 18 May
‘We have been rewarded during previous unsettling episodes by treating them as buying opportunities’
Irn Bru maker suffers 25% hit to shares on profit warning
Star manager also hits out at UK dividend culture
Star equities manager is hopeful of more M&A wins in 2019
UK brand has an ownership structure impossible for the Lindsell Train manager to buy into
Daily Mail & General Trust (DMGT) and Burberry weighed heavy on Nick Train’s Finsbury Growth and Income Trust last November, lowering its net asset value (NAV) by 1%.
At their lowest point during trading Tuesday morning, Burberry shares were down 8.9% at 1376p even though its interim revenues benefited from the post-Brexit drop in the pound.
Burberry Group shares spiked by over 7% on Wednesday after a better than expected sales update was released to the market.
Burberry Group shares slid over 5% this morning after the clothing and handbag maker reported a big drop in profits.