UK: GUS Presses Ahead With Burberry Float
Retail giant GUS on Monday confirmed it plans to proceed with its float of leading fashion brand Burberry despite other companies postponing their IPO because of the unstable stock market. Conditional dealing on the London Stock Exchange is due to start next week, with the share price range of 230p to 290p valuing the company at between £1.15 billion and £1.45 billion.