UK's Burberry rises after Frasers builds stake to become third largest shareholder
29/07/2026 10:08
BUZZ-UK's Burberry rises after Frasers builds stake to become third largest shareholder ** Shares of luxury brand Burberry BRBY.L jump 4.9% to 1,196 pence, among top gainers on London's FTSE 100 .FTSE
** British retailer Frasers FRAS.L on Tuesday disclosed a 4.16% stake in co, making it the third largest shareholder, according to LSEG data
** Bernstein analyst Luca Solca says the disclosure has brought BRBY shares back into focus** Wider luxury sector is also up on Wednesday on Kering’s PRTP.PA better-than-expected results, notes Morningstar analyst Jelena Sokolova
** Shares of PRTP up 12.87% and LVMH LVMH.PA up 1.25%
** Up to Tuesday's close BRBY has fallen 10.2% YTD vs 9.85% increase in FTSE 100
(Reporting by Simone Lobo in Bengaluru)
((Simone.Lobo@thomsonreuters.com, +919920570373))
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