This post was originally published on this site
© Reuters.Investing.com — Here is a rundown of regulatory news releases from the London Stock Exchange on Thursday, 14th November. Please refresh for updates.
- Burberry Group (LON:) said its underlying earnings per share rose 12% and raised its dividend fractionally after a first half in which comparable store sales rose 3% in currency adjusted terms to 1.28 billion pounds.
- The luxury group known for its scarves and trenchcoats said it still expects “broadly stable” revenue for the full year “despite incremental pressure on gross margin from the disruptions in Hong Kong and (product) mix.”
- Hong Kong sales fell by more than 10%, offset by a “mid-teens’ percentage rise in mainland China.
- The company said it has also entered into an exclusive partnership with social media and gaming group Tencent to develop “social retail” – “a concept that blends social media and retail, creating digital and physical spaces for engaged communities to interact, share and shop.” It will debut the concept with a store in Shenzhen, China, in the first half of next year.
- Mining giant BHP (LON:) said it had appointed company veteran Mike Henry to succeed Andrew Mackenzie as chief executive officer from January 1.
-
- Henry has been on the company’s leadership team for the last eight years and is currently president of operations for the group’s Australian mines.
- Henry, 53, has a reputation as a thoughtful, ethical, diligent leader, more a safe pair of hands than an aggressive company builder, according to Reuters
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
