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    BRBY   GB0031743007


Delayed London Stock Exchange  -  05/20 11:36:00 am EDT
1590.00 GBX   -0.28%
09:57aFOCUS : Big brands fret over China as middle-class spurns luxury
07:46aGoldman Sachs Keeps Burberry At Buy, Hikes PT
05/19Jefferies Lifts Burberry PT, Maintains Hold Rating
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FTSE 100 jumps on mining boost, Burberry's strong forecast

01/19/2022 | 04:29am EDT

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* Burberry expects annual profit to beat expectations

* Pearson raises full-year operating profit forecasts

* UK's December CPI jumps to 30-year high

* FTSE 100 up 0.4%, FTSE 250 0.0flat

Jan 19 (Reuters) - London's FTSE 100 ended higher on Wednesday, aided by gains in miners and consumer staples, with strong profit forecasts from luxury brand Burberry and education group Pearson providing a further fillip to sentiment.

After falling as much as 0.5%%, the blue-chip FTSE 100 index reversed course to end 0.4% higher, with major miners and consumer companies such as Diageo and Unilever among top gainers.

British consumer price inflation rose more than expected to 5.4% in December, official data showed, adding pressure on the Bank of England (BoE) to raise interest rates again next month.

"The view that the current high readings are transitory is starting to sound a bit hollow," said Alan Custis, managing director at Lazard Asset Management. "We would expect inflation to peak nearer 7% in 2022, which will keep the pressure on the BoE to continue increasing interest rates."

Signs of inflationary pressures and labour market strength drove investors to ramp up rate hike bets, pushing the UK's benchmark bond yield to its highest since March 2019, while shorter-duration yield touched October 2018 highs.

Meanwhile, BoE Governor Andrew Bailey said that he was concerned inflation pressures might prove longer-lasting than previously forecast, citing surging energy costs and signs that cost pressures are feeding into wage demands.

Burberry gained 6.3% after the luxury brand said its annual profit would beat market expectations as the company's full-price sales accelerated in the third quarter.

Pearson gained 4.4% after it raised its forecast for full-year adjusted operating profit in a boost to management efforts to restructure the business.

Meanwhile, Unilever PLC gained 4.5% after the Dove soap maker said on Wednesday it would not increase its 50-billion-pound ($68 billion) proposal to buy GSK's consumer healthcare business.

The domestically focussed mid-cap index was 0.0 flat, with WH Smith Plc jumping 7.1% on expectations of a resumption in the recovery of its travel markets even as the retailer said it was experiencing a "small impact" from the Omicron coronavirus variant. (Reporting by Shashank Nayar and Amal S in Bengaluru; Editing by Shounak Dasgupta, Subhranshu Sahu, William Maclean)

© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) -0.40% 0.5626 Delayed Quote.5.11%
BURBERRY GROUP PLC -0.28% 1590 Delayed Quote.-12.27%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) -0.37% 0.623597 Delayed Quote.7.49%
DIAGEO PLC 1.13% 3610.5 Delayed Quote.-11.55%
EURO / BRITISH POUND (EUR/GBP) -0.39% 0.84551 Delayed Quote.0.98%
FTSE 100 1.19% 7389.98 Delayed Quote.-1.11%
FTSE MID 250 INDEX 0.75% 19835.95 Delayed Quote.-16.15%
GLAXOSMITHKLINE PLC 1.87% 1764 Delayed Quote.7.78%
INDIAN RUPEE / BRITISH POUND (INR/GBP) -0.72% 0.010284 Delayed Quote.4.96%
LAZARD LTD 2.03% 33.74 Delayed Quote.-24.20%
ON SEMICONDUCTOR CORPORATION 0.70% 56.46 Delayed Quote.-17.45%
UNILEVER PLC 1.88% 3516.5 Delayed Quote.-12.52%
US DOLLAR / BRITISH POUND (USD/GBP) -0.22% 0.800859 Delayed Quote.9.61%
WH SMITH PLC 1.84% 1520 Delayed Quote.0.84%
09:57aFOCUS : Big brands fret over China as middle-class spurns luxury
07:46aGoldman Sachs Keeps Burberry At Buy, Hikes PT
05/19Jefferies Lifts Burberry PT, Maintains Hold Rating
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05/18Burberry Counts On China Recovery To Drive Fiscal 2023 Growth After Reaching Record Rev..
05/18TRANSCRIPT : Burberry Group plc, 2022 Earnings Call, May 18, 2022
05/18Burberry pins prospects to China's COVID recovery
05/18Burberry's FY22 Profit Jumps On 21% Revenue Growth
05/18Burberry Group plc Maintains Guidance of Revenue Growth
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Analyst Recommendations on BURBERRY GROUP PLC
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Sales 2022 2 817 M 3 512 M 3 512 M
Net income 2022 384 M 479 M 479 M
Net cash 2022 1 012 M 1 261 M 1 261 M
P/E ratio 2022 16,7x
Yield 2022 3,10%
Capitalization 6 279 M 7 827 M 7 827 M
EV / Sales 2022 1,87x
EV / Sales 2023 1,83x
Nbr of Employees 9 373
Free-Float 99,4%
Duration : Period :
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Technical analysis trends BURBERRY GROUP PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 23
Last Close Price 1 586,00 GBX
Average target price 1 991,00 GBX
Spread / Average Target 25,5%
EPS Revisions
Managers and Directors
Jonathan Akeroyd Chief Executive Officer
Julie Brown Director, Chief Operating & Financial Officer
Mark McClennon Chief Information Officer
Matthew David Key Independent Non-Executive Director
Fabiola Raquel Arredondo Independent Non-Executive Director
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