viewBurberry Group PLC

Market report: FTSE is mixed as UK shoppers head back to high street but national debt hits £2tn

The FTSE opened in positive territory this Friday morning as UK retail sales rose above pre-pandemic levels in July. According to The Office for National Statistics volumes rose by 3.6% between June and July. With clothing sales gaining last month and people spending more money on petrol.

The UK’s public debt has breached £2tn for the first time ever amid a Covid spending binge. This is largely due to the governments desperation to keep the nation afloat and unemployment down during the lockdown.

One person that benefited from these government schemes was billionaire Mike Ashley - who is now being urged by MPs and campaigners to hand back millions of furlough cash to taxpayers after his retail empire predicted a surge in sales.

Staying with retail Burberry PLC (LON:BRBY) has launched its first branded coronavirus facemask. But the designer new masks cost £90 each and are available in the company’s famous check design.

ITV PLC (LON:ITV) is gaining following the news of two investments The broadcaster's investing £9.6mln into its BritBox Australia as well as £1mln for a minority shareholding in Cognitive Logic Incorporation.

And finally SIMEC Atlantis Energy Limited (LON:SAE) has agreed a debt financing deal with Hana Financial Investment, to fund 100% of the Uskmouth Phase 1 project.

Quick facts: Burberry Group PLC

Price: 1488 GBX

Market: LSE
Market Cap: £6.02 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



Touchstone Exploration presents at the One2One Proactive virtual conference

Touchstone Exploration's (LON:TXP) Paul Baay pitches to investors at the Proactive One2One virtual conference. Touchstone Exploration Inc. is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago. It is one of the largest...

1 day, 19 hours ago

2 min read