Saturday February 22, 2020

Burberry gains on speculation the trenchcoat maker may be a bid target

The luxury-goods maker is setting up defences against a potential takeover offer

8th March, 2016
Burberry shares gained 6.8% in London this morning Pic: Getty

Burberry jumped on speculation that the UK’s biggest luxury-goods producer is setting up defences against a potential takeover offer in response to stake building.

The stock advanced 6.8 per cent to 1,464 pence at 11:08 a.m. in London, the day’s highest price, boosting the company’s market value to £6.5 billion (€8.4 billion). Other luxury stocks also gained, with shares of Prada rising 6.2 per cent in Hong Kong.

Burberry asked its...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The narrative of the Sinn Féin surge suggests that politics in Ireland is becoming more polarised like in the US and Britain, but the reality is far more complex

Colin Murphy | 6 days ago

Bank chief McDonagh says move would create better work environment for young parents and people with caring responsibilities

Killian Woods | 6 days ago

Despite a belated show of independence, the US attorney general has been a willing pawn in Trump’s interference in criminal investigations being carried out by the Department of Justice

Marion McKeone | 6 days ago