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Burberry target for possible 2014 takeover

Burberry has been tipped as a target for a possible takeover or acquisition next year.

Investment bank UBS named a plethora of British companies on its analysts list, with 13 of the 27 European companies named as prime takeover targets British.

The British luxury brand has been linked to takeover speculation in the wake of the announcement of chief executive Angela Ahrends’ departure in October. Luxury goods group LVMH has previously been named as a potential suitor.

Other British companies on the UBS list include supermarket Sainsbury’s, with the Qatari Investment Authority (QIA), which owns a 26% stake in the business, tipped to try and acquire the rest.

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