Burberry Group (BRBY)

Sector:

Personal Goods

Index:

FTSE 100

1,213.00p
   
  • Change Today:
    -18.50p
  • 52 Week High: 2,641.00
  • 52 Week Low: 1,183.50
  • Currency: UK Pounds
  • Shares Issued: 358.58m
  • Volume: 1,041,535
  • Market Cap: £4,349.53m
  • RiskGrade: 142

Sector movers: Vodafone buoys Telecoms, Banks track gains in yields

By Alexander Bueso

Date: Tuesday 24 May 2022

LONDON (ShareCast) - (Sharecast News) - Telecommunications Service Providers, Automobiles and Parts, and Banks paced gains on the FTSE 350 at the start of the week.
Buoying the former was Vodafone as last week's news that Etisalat had built up a stake in the carrier continued to buoy the shares, according to traders in the City.

In parallel, lenders' shares jumped as longer-term government bond yields bounced back with that on the 10-year Gilt climbing by eight basis points to 1.971%.

On Friday, St.Louis Fed President again called for short-term official interest rates to be hiked to 3.5% by the end of 2022.

"The more we can front-load and the more we can get inflation and inflation expectations under control, the better off we will be. In out years -- '23 and '24 -- we could be lowering the policy rate because we got inflation under control," Bullard reportedly said according to Bloomberg.

On a related note, on Monday, European Central Bank chief, Christine Lagarde, all but pre-announced a July lift-off in interest rates and said they would be out of negative territory by the end of September.

Further boosting UK stocks in particular, JP Morgan strategist, Mislav Matejka, reiterated his preference for Value over Growth.

Matejka also said that the UK remained the broker's key 'overweight' among developed markets.

The strategist added that a downturn in consumption in DM was not inevitable, unless labour markets began to "deteriorate meaningfully".

Furthermore, household savings rates which were even now only back at their long-term averages may smooth any hit to consumption, helped by a peak in inflation with the latter likely happening now.

Wages meanwhile might remain in an uptrend, he posited.

"So far, our high-frequency credit card spending data from Chase is not showing much of a deterioration, more a rotation out of goods towards services," he explained.

"Consumer cyclical plays, such as Autos, Airlines and Retail, have performed poorly since the start of the conflict in Ukraine, with a lot of negativity already priced in."

As an aside, it was forecasts for resilient job markets that led analyst at Citi to sound a bullish note on Monday as regards the outlook for euro area banks.

Industrial Metals and Mining were also up thanks to an advance in Ferrexpo, on reports that US President, Joe Biden, was planning to discuss US trade tariffs on Chinese imports with Treasury Secretary Janet Yellen upon his return from a trip to Asia.

On a related note, in the Personal Goods space, Superdry did well on Monday, but it was further gains for Burberry that helped the sector the most.

Shares in the luxury fashion retailer, which had a significant exposure to China, appeared to be trying to consolidate at least a near-term bottom.

Top performing sectors so far today

Telecommunications Service Providers 3,172.22 +3.24%

Automobiles & Parts 2,054.06 +3.01%

Industrial Metals & Mining 7,652.00 +2.88%

Banks 3,154.10 +2.45%

Personal Goods 27,155.56 +2.42%

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Burberry Group Market Data

Currency UK Pounds
Share Price 1,213.00p
Change Today -18.50p
% Change -1.50 %
52 Week High 2,641.00
52 Week Low 1,183.50
Volume 1,041,535
Shares Issued 358.58m
Market Cap £4,349.53m
RiskGrade 142

Burberry Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
50.66% below the market average50.66% below the market average50.66% below the market average50.66% below the market average50.66% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
64.91% below the market average64.91% below the market average64.91% below the market average64.91% below the market average64.91% below the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average
Income Not Available
Growth
29.13% above the market average29.13% above the market average29.13% above the market average29.13% above the market average29.13% above the market average
83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average83.33% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 15
Sell 3
Strong Sell 1
Total 20
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Burberry Group Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Dec-23 29-Jun-23
Paid 26-Jan-24 04-Aug-23
Amount 18.30p 44.50p

Trades for 28-Mar-2024

Time Volume / Share Price
17:25 686 @ 1,237.31p
17:19 915 @ 1,236.72p
16:35 675,516 @ 1,213.00p
16:35 427 @ 1,213.00p
16:35 563 @ 1,213.00p

Burberry Group Key Personnel

Chair Gerry M Murphy
CEO Jonathan Akeroyd
CFO Kate Ferry

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