Burberry Group plc (LON: BRBY), Marks and Spencer Group Plc (LON: MKS) and Billabong master the red zone

Marks and Spencer Group can not find a foothold

In brief: Billabong announced forecast for annual profit below analysts' expectations. Burberry Group plc (LON: BRBY) shares remain in the red zone. Marks and Spencer Group Plc (LON: MKS) catches a bearish trend.

Burberry Group plc (LON: BRBY) shares remain in the red zone around 829.50 points, losing -6.50 (-0.78%). Marks and Spencer Group Plc (LON: MKS) drops to 333.00 points, down -4.20 (-1.25%).

At the same time, the largest Australian manufacturer of clothing for surfing Billabong International reported that net profit for fiscal 2011 to grow by 2-8%, then there will be about A $ 157,7 million ($ 140.7 million). Analysts on average expect the profit to A $ 179 million, that at least 12% higher than the forecast of the company.

Alex Korneev
2010-08-20 10:26, Commodities.

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