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Burberry jumps to new high on bid speculation

from Reuters

Shares in Burberry surged as much as 6.5 percent to a new high, with traders citing talk of bid interest for the luxury goods group. Traders in London and Frankfurt said there was talk the 154 year-old maker of raincoats and handbags was subject of a bid at 1,500 pence per share. They gave no further details. more

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