Posh clothing group Burberry (LON:BRBY) floats onto the investor catwalk for appraisal midweek as it posts a fourth quarter trading update.
In January this year, the group reported a rise in third quarter sales in a trading statment, but was less certain on how profitable it was
Sales rose 8% in the three months to 31 December as the Americas and Europe saw double-digit growth.
Broker The Share Centre, which rates the shares a 'buy', recentl noted " In its last trading update the company said management were relatively cautious in their outlook, despite good sales numbers in Europe, America and the Middle East."
The majority of Burberry's revenues are generated abroad and the business was hit by wild exchange rate fluctuations in the first half.
The broker added: "The concern was that European economies remained weak and Chinese growth was moderating
"However, this time around the disruptions in Hong Kong should not feature and there could be a catch-up of sales to Asian consumers."
Investors will also be lookimng out for the usual factors such as the number of new store openings, but also the impact on full year sales of a strong dollar and the outlook for the remainder of the year.
Significant announcements expected
Finals: Belvoir Lettings (LON:BLV), JD Sports Fashion (LON:JD.), Walker Greenbank (LON:WGB)
Trading statements: Burberry Group (LON:BRBY), Fresnillo (LON:FRES), Hunting (LON:HTG), Jupiter Fund Management (LON:JUP)
Economic: AP - Chinese GDP. EU - ECB interest rate decision and press conference. US - Industrial production. Release of Beige Book.
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