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Burberry shares tumble after profit guidance cut
Published Thu, May 21, 2015 · 09:50 PM
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London
SHARES in British luxury goods maker Burberry tumbled on Wednesday after it cut its annual profit guidance, hit by foreign exchange volatility and subdued demand in Hong Kong and the US.
The 159-year-old firm said that 2015/16 profit for retail and wholesale - which makes up the vast majority of its business - would be £40 mi…
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