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June 30, 2008

Patti grateful as handbag contents returned

Filed under: 2, 3, 4, 5, 6, Uncategorized — Tags: tag1 tag2 tag3 — hnga535 @ 8:41 am

Entertainer Patti Newton has thanked police and the media after some of her jewellery - allegedly stolen from a shopping centre - was recovered.

Mrs Newton’s handbag, containing some valuable jewellery, was allegedly stolen while she was at a cafe in Chadstone shopping centre on May 16 with her daughter Lauren and grandson Sam. Do not be so Lazy! Just add as much as you can at here!

The items allegedly included rings, earrings, bracelets, a set of rosary beads her mother was holding when she died and an identification disc that belonged to her father.
I will tell you in next time!
Mrs Newton told reporters today she was “thrilled to bits” two bracelets had been recovered.

“You do get over things and I’ll get over these bits and missing things and I won’t not remember my mother because I haven’t got the rosary, but … it’s a possession that I treasured, that’s all,” she said.

Two people will face a Melbourne court today charged with the theft of the jewellery.

Police described their value as “substantial” and Mrs Newton said they were not insured.

Benjamin Thorpe, 32, and Rachael Ward, 34, have been charged with stealing Mrs Newton’s black leather Gucci handbag containing cash and jewellery worth $130,000 on May 16.

Their charge sheets reveal the contents of Mrs Newton handbag that contained a Gucci wallet, smaller Gucci bag, a Louis Vuitton coin purse, Louis Vuitton diary, a Louis Vuitton silver pen and more than $2300 cash.

The jewellery allegedly stolen included a gold and diamond wedding band; an 18ct heavy gold chain; three gold bangles, two encrusted with diamonds; four golden rings, two in the shape of flowers and one a snake; two pairs of diamond earrings; and a set of rosary beads.

Thorpe and Ward were also charged with possessing the proceeds of crime in relation to $235 cash and eight gift cards from JB Hi Fi, Target, Myer and Bed Bath and Table worth just under $600 in total.

The pair, both of Bluff Road, Hampton East, appeared briefly in Melbourne Magistrates Court and were remanded in custody to appear again tomorrow when both are expected to apply for bail. I am sorry, I must be leaving now.

A Victoria Police spokesman said some of the jewellery had been recovered, and detectives are hopeful more may be located in the future.

Mrs Newton also thanked members of the public who had phoned in with information and said people could learn from her experience.

“I think people do need to make sure that they don’t carry a lot of things in their bag like I do, which I’ll never do again, and I think you have to keep it on your lap and make sure that, you know, you can see it and it’s in your eye’s view,” Mrs Newton told reporters. It’s so tirred.

June 27, 2008

Burberry FY profit tops consensus hopes UPDATE

Filed under: 2, 3, 4, 5, 6, Uncategorized — Tags: tag1 tag2 tag3 — hnga535 @ 4:02 pm

LONDON (Thomson Financial) - Burberry Group Plc, the luxury brand, reported Wednesday a better than expected 11 percent increase in full year adjusted operating profit, reiterated its guidance for the current year and said brand development ‘remains strong’.
by way of exception
In the year to March 31 2008 the group made an adjusted operating profit of 206.2 million pounds — a rise of 14 percent at constant exchange rates. Just have a rest.

This compares to analysts consensus forecast of 205 million pounds and is up from 185.1 million pounds in the previous year.

Adjusted operating profit is calculated before 19.6 million pounds of costs related to the group’s ‘Project Atlas’ infrastructure redesign initiative announced in 2005 and net profit of 15.1 million pounds relating to the sale of its Haymarket headquarters.

Pretax profit increased 25 percent to 195.7 million pounds on revenue of 995.4 million pounds, up 17 percent or up 18 percent at constant exchange rates.

Both retail and wholesale divisions increased sales at constant exchange rates by 20 percent, with continued success in luxury handbags and a doubling of shoe sales.

Retail was boosted by a 12 percent year-on-year increase in average selling space. Wholesale benefited from a particularly strong performance in Europe (excluding Spain), North America and emerging markets.

Licensing revenue increased 3 percent at constant exchange rates helped by strong growth from fragrance.

‘All of this was achieved in an external environment that became increasingly challenging during the second half,’ chief financial officer Stacey Cartwright told reporters.

She said the impact of the global credit crisis was reflected in volatile sales trends in the fourth quarter: ‘Within the regions, whether it’s the U.S., whether it’s the UK, even within different stores within those regions you could be up significantly in one of the stores one day, down in another store, up significantly the next day.’

A final dividend of 8.65 pence was proposed, making 12.0 pence for the year, an increase of 14 percent, payable from adjusted diluted earnings per share of 31.6 pence, up 9 percent.

Chief executive Angela Ahrendts said Burberry’s revenue and profit growth demonstrates the robustness of the business in challenging times, with consistent performance across all regions, channels and products.

‘Brand momentum remains strong and we are investing in the future, continuing to grow and innovate our iconic outerwear, while developing exciting new businesses such as shoes, jewellery and childrenswear,’ she said.

In the year to end-March 2009, Burberry expects average selling space to increase by 12 percent to 13 percent year-on-year, including about 15 mainline store openings.

It expects wholesale revenue in the six months to end-September 2008 to increase by around 10 percent at constant exchange rates. Spain is expected to show further weakness offset by good growth in all other regions, especially North America (up by over 20 percent) and emerging markets.

Full year licensing revenue is expected to be ‘broadly flat’ at constant exchange rates, with modest volume growth in apparel in Japan and good volume growth from global product licences, offset by the non-renewal of certain other licences. The impact of the Yen exchange rate on reported revenue and profit is expected to be a positive of about 2 million pounds.

Burberry flagged current year capital expenditure of 90 million pounds to 95 million pounds, up from 48 million pounds in the year to end-March 2008.

Net debt as of March 31 was 64.2 million pounds, down from 89.2 million pounds last year. The current year net interest charge is expected to increase from last year’s 6 million pounds.

Going forward, Burberry reckons it is appropriate to carry year-end net debt of up to 100 million pounds, enabling the group to return any funds not required for investment to shareholders through share buybacks.

Cartright said the group does not need acquisitions to grow its business.

‘We’re quite happy with the level of organic opportunities that we have within the business in all of the extended product categories … There’s a lot of opportunity for Burberry to grow under its own steam,’ she said.

She declined to comment when asked if Burberry had received any takeover approaches.

Last month shares in the group rose sharply on market talk of a possible bid from Coach Inc (nyse: COH - news - people ), the U.S. handbag maker.

At 10.28 a.m. shares in Burberry were unchanged at 507 pence valuing the business at 2.19 billion pounds.

Analysts at Merrill Lynch (nyse: MER - news - people ) reiterated their ‘neutral’ stance and are forecasting a current year EPS of 35.0 pence.

They suggest the lack of visibility on the global economic environment still warrants some caution at a time when Burberry is investing both on short-term and medium-term duration projects.

I will tell you in next time!

james.davey@thomsonreuters.com

Gucci bag

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