Burberry ‘a takeover target' after share price plunge [Yahoo! Finance]
KERING SA UNSP/ADR (PPRUY)
NASDAQ:AMEX Investor Relations:
kering.com/en/finance
Company Research
Source: Yahoo! Finance
A profit warning from Burberry's Paris-listed rival Kering , which owns Gucci, triggered a slump in the British fashion brand's shares on Wednesday. The 2.5pc drop means Burberry has lost almost 20pc of its value since the start of the year, leaving the business worth £4bn. Abrdn investment manager Sasha Kachanova said: “Burberry remains a potential takeover target, particularly at its current valuation.” A survey of 17 City M&A desks, fund managers and analysts conducted by Bloomberg last year found Burberry was among the top companies floated as potential takeover targets, alongside Germany's Hugo Boss and Swiss luxury group Richemont. Ms Kachanova said of Burberry: “As the sole British brand of scale operating independently – a rarity in the luxury industry – it boasts a rich heritage and the opportunity to enhance its iconic product lines and accessories.” Abrdn is one of Burberry's top twenty shareholders, although Ms Kachanova doesn't hold the stock directly. Speculat
Show less
Read more
Impact Snapshot
Event Time:
PPRUY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PPRUY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PPRUY alerts
High impacting KERING SA UNSP/ADR news events
Weekly update
A roundup of the hottest topics
PPRUY
News
- Record gold prices take shine off London jewellers [Yahoo! Finance]Yahoo! Finance
- Luxury brands lure Chinese shoppers despite slowdown [Yahoo! Finance]Yahoo! Finance
- How Gucci Fell Off the Catwalk [BNN Bloomberg (Canada)]BNN Bloomberg
- Law Roach, Stylist to Zendaya and Other Stars, Is the Most ‘Unretired Retired Person’ [The New York Times]The New York Times
- This 1968 Grand Seiko Just Sold for $90,000 [Yahoo! Finance]Yahoo! Finance