Ahead of the company’s Christmas trading update this week,around 6% of its shares are being shortedThe pressure is building on Burberry boss Christopher Bailey, one of the best-paid bosses in Britain, and with hedge funds betting hundreds of millions of pounds on the luxury brand enduring a difficult year.
The amount of Burberry shares being shorted – effectively a bet the share price will topple – has risen almost 40% in the final month ahead of the company’s Christmas trading update this week. Continue reading...
Source: theguardian.com