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DJ MARKET TALK: Burberry Selloff May Be Overdone (Accendo quote)

0748 GMT [Dow Jones] Burberry (BRBY.LN) tops the list of UK 100 fallers, down 18% at 1130p, after the company issued a profit warning Tuesday, saying it expects adjusted profit before tax for the twelve months ended March 31, 2013 to be around the lower end of market expectations. “The luxury retailer has been a stellar performer during the financial crisis,” says Mike van Dulken, Head of Research at Accendo Markets. “While a return to the highs of late may be unlikely any time soon, this morning’s selling may be overdone providing a short-term trading opportunity,” van Dulken adds. ([email protected])

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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance. Prepared by Michael van Dulken, Head of Research

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