Burberry's Shares Tumble Despite First-half Uptick in Sales, Profits - NewsBreak

Click here to read the full article. LONDON — Burberry is making gains in China, opening another carbon neutral store in the region, and watching full-price sales rise in the double-digits worldwide. But that clearly wasn't enough for investors, and the share price plummeted 9 percent to 17.92 pounds on Thursday morning, shortly after the first half results were released. Burberry's shares recovered some ground, and then flatlined for most of the day, closing down 5.6 percent at 18.69 pounds on the London Stock Exchange. Burberry also underperformed the FTSE 100, which closed up 0.6 percent at 7,384.18.More from WWDInside Burberry's Party...