Anglo American mulls plans for De Beers IPO According to reports, the mining company is exploring an initial public offering of its diamond business De Beers. Anglo holds 85% of De Beers, and is reportedly targeting London as the location of a potential IPO. Read more.

Quarterly revenue up 29% at On The Swiss sports shoe maker, which is backed by Roger Federer, has posted a strong set of first-quarter results and has nudged up its full-year guidance. On reported quarterly sales of $560m, up 29% from a year ago and surpassing expectations. Read more.

Geox cuts sales outlook amid inflationary pressures The shoemaker has trimmed its expectations for full-year sales and profit, citing weakness in its wholesale channel and inflationary pressures hurting customer demand. Read more.

Burberry reports 36% dip in quarterly profit The FTSE 100 fashion company has reported that operating profit fell 36% to £418m in the year to 30 March, down from £657m last year. Revenue slipped 4% to £2.96bn, amid a challenging commercial landscape for the entire luxury sector. Read more.

Athleisure brand Born Living Yoga eyes €25m in revenue The Spanish brand is setting its sights on revenue of €25m for the next full financial year, and is doubling down on international growth to achieve this aim. The UK is a key target market. Read more.

Burberry expects dip in profits The FTSE 100 fashion company has said that it expects its full-year profits to come in between £410m and £460m. It had previously said profits would be in the £552m to £668m range. Read more.