mikeon88
管理員
 
UID 1
精華
0
積分 0
帖子 15453
閱讀權限 255
註冊 2007-1-14 用戶註冊天數 6314
用戶失蹤天數 0
223.139.27.68 |
|
|
Burberry Shares Spike on Coach Merger Speculation Martin Baccardax
[url=" class=]Follow[/url]Oct 21, 2016 7:54 AM EDT
Burberry (BURBY) shares surged more than 5% in London trading Friday as investor speculation of a merger with Coach Inc (COH) . lifted shares in the luxury goods maker close to a one-year high.
The move appears to follow a post from a financial news website, Betaville, which published a note that said handbag maker Coach is working with Evercore on a $20 billion tie-up. No sources were cited in the note, however, and representatives from Burberry were not immediately available to comment when contacted by TheStreet.
Burberry reported better-than-expected sales earlier this week but disappointed investors with its growth story in Asia.
ADVERTISEMENT
The London-based group said sales revenue grew 2% to £895 million ($1.1 billion) in the three months ending in September as the weak pound helped deliver a "significant outperformance" in its fiscal second quarter. The pound has fallen about 19% since the U.K. voted to leave the European Union, benefiting many British exporting companies.
However, a weak first quarter kept first half revenues subdued, down 4% from the previous period at £1.158 billion and investors cited slower-than-expected sales growth in Asia as a concern going forward.
Shares in Burberry were last seen at 1,526 pence each, up 5.24% from Thursday's close and the top gainer on London's FTSE 100 index.
|
|
|
