Mulberry shares drop
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Despite fashion's love affair with Alexa Chung, pictured left, and Lana Del Rey celebrity-inspired handbags, Mulberry lost some key investor fans yesterday as shares fell 22 per cent after its current trading disappointed the City.
The company revealed a strong, full-year profit up 54 per cent to £36m and sales up 38 per cent to £168.5m for the year. However, poor April sales and a massive 24 per cent fall in outlet sales led the market to sell out, with shares closing down at 1,560p.
Matthew McEachran, retail analyst at Singer Capital Markets, said: "They are a good set of results, but trading has been disappointing and there is low transparency on gross margins. But the business has super, long-term prospects."
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments