Burberry boosted by more Moncler rumours ahead of results
Portfolio Pulse from
Burberry's shares are being supported by takeover rumors involving Moncler ahead of its upcoming results.
November 11, 2024 | 12:30 pm
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Burberry's shares are experiencing upward momentum due to rumors of a potential takeover by Moncler, an Italian skiwear company. This speculation is occurring just before Burberry's results announcement.
The news of a potential takeover by Moncler is likely to drive Burberry's stock price up in the short term as investors anticipate a possible acquisition. The timing before the results announcement adds to the speculation and interest.
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