Burberry Group PLC - London-based fashion retailer - Chair Gerry Murphy buys 20,000 shares at £7.25, worth £145,013, and Chief Financial Officer Catherine Ferry buys 8,268 shares at £7.20, worth £59,546, both on Tuesday. The more than £200,000 in purchases follow a 16% decline in Burberry’s share price on Monday, after the company warned on profit, axed its dividend, and replaced its under-pressure chief executive. Burberry reported a 22% annual decline in retail revenue in its financial first quarter, amid falling sales in Asia and the Americas.

Current stock price: 717.00p, down 3.6% in London on Tuesday

12-month change: down 66%

Copyright 2024 Alliance News Ltd. All Rights Reserved.