Mulberry Shares Drop in London After Missing Estimates

(Corrects spelling of name)

Mulberry Group Plc (MUL) shares fell the most since 1998 after annual revenue and pretax profit missed estimates.

The stock fell as much as 25 percent to 1,505 pence and traded at 1,586 pence a share at 8:33 a.m. in London, giving the company a market value of 946 million pounds ($1.5 billion).

The company reported annual revenue of 168.5 million pounds, short of the 175.3 million pounds anticipated by analysts. Pretax profit was 36 million pounds, less than the 37.4 million pounds expected.

To contact the reporter on this story: Celeste Perri in Amsterdam at

To contact the editor responsible for this story: Celeste Perri at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.