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 cperri@bloomberg.net

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net

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