Archive
Serco's acquisitions and contract wins will be in focus on Thursday
Serco has already flagged that it expects its strong order intake to boost revenue in 2019 after several years of declines.
Company
Burberry Group PLC
LON:BRBY
Burberry Group designs, sources, manufactures and distributes luxury mens, womens and childrenswear and non-apparel accessories globally through its own retail stores, concessions and wholesale customers. Burberry also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company's non–apparel offerings include handbags, soft accessories, such as scarves, small leather goods, shoes, belts and jewellery.
433 stories · page 3 of 5
Archive
News from FirstGroup, Stagecoach to drive corporate diary in coming week
Aside from the two mid-cap transport operators, blue chip contractor Bunzl will also issue a trading update, while the macro focus will be on the G20 meeting in Japan
Burberry toasts 'excellent' early reaction to Tisci debut collection
"We made excellent progress in the first year of our plan to transform Burberry, while at the same time delivering financial performance in line with expectations”
Investments and investor services
FTSE 100 closes firmly higher as Wall Street shares head north; sterling slides
The UK benchmark index closed over 56 points higher, at 7,353, aided by the fall in the pound
Archive
Burberry and Thomas Cook in the spotlight; ex-divs to take 26 points off the FTSE 100
Numbers from Countryside Properties, National Grid, and Wincanton will also be among Thursday's highlights.
Archive
Burberry, Kingfisher, Thomas Cook and Aston Martin in focus in week ahead
The week ahead's highlights include updates from Burberry, Land Securities, British Land, Premier Foods, Experian, Kingfisher, Aston Martin, Dignity, Centrica, Thomas Cook, On the Beach and Countryside Properties.
BofA Merrill Lynch cuts stance on Burberry after chopping sector estimates in latest monthly luxury tourism report
BofA ML analysts pointed out that Burberry shares have re-rated 4x P/E points in 2019, which they see as “unjustified given limited visibility over timing & trajectory of potential brand turnaround”
Burberry weak as Goldman Sachs cuts to 'sell' on luxury firm’s demanding valuation, higher investment expectations
The US investment bank also reduced its price target for the FTSE 100-listed firm to 1,855p from 2,148p, with the stock currently trading at 1,903.50p, down 2.6%
Hardware & electrical equipment
Apple head of retail Angela Ahrendts steps down unexpectedly
The tech giant said Ahrendts was leaving to pursue “new personal and professional pursuits” and would be replaced by Deirdre O’Brien, the current head of its human resources department
Burberry sales drop over Christmas trading period as it carries out brand makeover
"I am pleased with our progress in the quarter as we continued to build brand heat around our new creative vision and shift consumer perception of Burberry,” said chief executive Marco Gobetti
Archive
FTSE 100 closes in the red as global market unease continues
Britain's blue-chip index closed over 58 points lower at 6,642, while the FTSE 250 was also down
Archive
Blue-chip heavy into hump day as Burberry and Antofagasta report
Updates will be coming thick and fast from both the FTSE 100 and FTSE 250 on Wednesday
Investments and investor services
FTSE 100 nudges lower at close as China growth worries hit stocks
The UK's blue-chip index finished down nearly seven points at 6,96, while FTSE 250 was also lower
Investments and investor services
Brexit a factor in easyJet update, while US/China trade wars could be a drag for Burberry
The Week Ahead will also bring trading updates from the likes of Vodafone, Anglo American, William Hill, Dixons Carphone, and WH Smith, plus the latest UK jobs and wages data
Fears over Chinese economy could overshadow Burberry’s turnaround progress, says Berenberg
Burberry is trying to reposition itself as an ultra-luxury brand but a slowdown in the Chinese economy means the fashion house is beginning its transition within a tricky macro environment
Investments and investor services
FTSE 100 finishes in red on China worries and as US benchmarks tumble
The UK blue-chip benchmark finished around 41 points lower at 6,692
FTSE 100 closes in the red as Federal Reserve's rate hike creates jitters
"Investors aren’t willing to forgive Fed Chair Jeremy Powell yet; a soft open on Wall Street threatens to drag the FTSE lower into the close," said Fiona Cincotta at City Index
Archive
Bank of England unlikely to follow Fed rate hike lead after last monetary policy meeting of 2019
Recent weak economic data, a general malaise on Brexit and the febrile political environment is now likely to lead to UK policymakers to take more of a ‘wait and see’ approach
Archive
Fed could be Grinch-like in final full trading week before Christmas, but BoE seen more festive
Aside from the UK and US rate decisions, the latest UK inflation and retail data will be closely eyed as well in the absence of almost anything on the corporate diary
FTSE 100 clings on to triple-digit gain
The Footsie looked destined to finish well off the top but still sporting a handsome gain following a weekend of deals at the G20 and Opec meetings
Burberry restructuring will take time to pay off, says Kepler as it upgrades to 'hold'
Kepler raised its rating on Burberry to ‘hold’ from ‘reduce’ and raised its target price to 1,870p from 1,780p
Burberry’s new design chief gets off to a hot start
Reaction to Riccardo Tisci’s debut collection has been “exceptional” said Burberry, which is in the middle of repositioning itself as an ultra-luxury brand
Investments and investor services
FTSE 100 closes higher ahead of Federal Reserve meeting
The focus is now on the Federal Reserve meeting later. The interest rate announcement is set for 7.00pm, UK time
Investments and investor services
J Sainsbury and retailers to be among highlights amid busy Thursday schedule
Sainsbury, Superdry and Burberry are among the names in the diary for Thursday.
Archive
Trump mid-term test and US rate decision to give week ahead a Trans-Atlantic twist
Aside from the US elections and Fed policy meeting, updates from UK blue-chip retailers J Sainsbury, Wm Morrison Supermarkets and Marks & Spencer should draw the most attention in the coming week
FTSE 100 can't hold onto gains and closes in red as Wall Street shares drag
The FTSE 250 fared much better though, adding almost 154 points on the day to close at 19,325
Burberry share price 'more realistic', says HSBC as it upgrades stock to 'hold'
HSBC raised its rating on Burberry to ‘hold’ from ‘reduce’ but cut its target price to 1,950p from 2,100p
Burberry no longer worth shorting after recent slide; RBC still prefers ASOS
After inviting Burberry, ASOS and boohoo to strut the catwalk, RBC sees only one winner
‘Fast Fashion’ draws ire of MPs on environmental waste concerns
Mary Creagh MP has written to the heads of companies with large clothing lines as part of an investigation into how the UK fashion industry can reduce its environmental footprint
Archive
Airlines under pressure after IAG's British Airways unit hit by data theft
A look at some of the biggest risers and fallers in the London market on Friday
Burberry to stop burning unwanted luxury goods and using fur in ranges
Burberry destroyed £28.6mln worth of unwanted items in the financial year to end of March
Kepler Cheuvreux trims Burberry to ‘reduce’ from ‘hold’ on valuation grounds after latest trading update
The French broker's analysts said: “Current valuation implies a return to more positive trends as soon as next year, and we believe there is some risk of disappointment as turnaround stories often take more time than anticipated.”
Burberry unveils flat sales as tourism demand softens in the UK and Europe
Burberry left its full year guidance unchanged and said it is on track to deliver cumulative cost savings of £100mln
FTSE 100 tumbles 1.3% lower as trade worries grip markets
The UK blue chip index dropped 100 points after the US said it was ready to impose tariffs on an extra US$200bn worth of Chinese goods
Archive
Wetherspoons eyed for CO2 shortage impact as week reaches mid-point
The pub chain will be hoping to mitigate any potential drink shortages as the warm weather and England's World Cup performance drive up customer numbers
Investments and investor services
FTSE 100 closes higher but off 6,700
The UK blue-chip benchmark closed around four points higher at 7,692
Archive
High street vs online: Updates from retailers Mark & Spencer and ASOS will provide fuel
Aside from M&S and ASOS, the week ahead will also bring trading updates from the likes of Ocado, Burberry, Barratt Development, Experian, and JD Wetherspoon
FTSE 100 closes in positive territory but is down on week as trade tensions continue to blight markets
Benchmarks on Wall Street are trading higher, with the Dow Jones Industrial Average up 116 points
FTSE 100 joins other European benchmarks to go lower as trade fears continue to dent sentiment
FTSE 250 closed also lower - just shy of 160 points lower at 20,684, while FTSE small cap market shed around 25 points
Archive
Greene King enjoying the summer sunshine
The oil sector dominates the corporate news agenda on Thursday but it is also difficult to get away from matters pertaining to the World Cup
Archive
Costa Coffee demerger move hangs over Whitbread trading update
Aside from Whitbread, updates are also due in the week ahead from cruises operator Carnival, packaging firm Bunzl, struggling floorings retailer Carpetright, and pubs operator Greene King
Investments and investor services
FTSE 100 propelled to new record close as pound weakens and Dow Jones breaches 25,000
FTSE 100 reached a new record close on Monday after achieving it last time on Thursday
Burberry unveils £150mln share buyback as it reports 2018 profit growth
Burberry reported better-than-expected full year profits as it transitions into a higher luxury brand
Investments and investor services
FTSE 100 closes higher as Wall Street struggles for direction
The UK blue-chip benchmark closed around 11 points higher at 7,334..
Archive
Boozy Wednesday in the City with Marston’s, Mitchells & Butlers and Bulmers maker C & C all due
It might not be Friday but it could be a messy one in the Square Mile nonetheless, particularly for the pub chains, which are likely to have felt the force of the ‘Beast from the East’
Archive
Wide variety of blue-chip updates due in coming week - from Centrica to AstraZeneca
Week ahead includes updates from drugs giant AstraZeneca, mobile phones operator Vodafone Group, British Gas-owner Centrica, and postal delivery firm Royal Mail Group
Burberry shares drop as Groupe Bruxelles Lambert sells entire 6.6% holding via private placement
The sale of 27.6mln shares, first announced after the market close on Tuesday, was conducted via an accelerated bookbuild placing undertaken by Goldman Sachs
FTSE 100 closes higher, boosted by oil stocks
President Donald Trump decided to abandon a key Iran nuclear deal, sending oil prices higher
Burberry Group appoints Belstaff boss to newly created position of chief commercial officer
Haig joins Burberry from sportswear brand Belstaff, where he was chief executive, and he previously spent a decade at watch maker Cartier, where he was managing director of international operations
FTSE 100 puts in late spurt to close comfortably higher
Shire shares propped up the rest of the Footsie leader-board despite Takeda unveiling an improved offer for the drugs maker
Burberry names Gerry Murphy as its chairman designate
The FTSE 100-listed firm said Murphy will start on 17 May and will succeed John Peace as chairman after the company’s annual shareholder meeting on 12 July
Burberry earnings to accelerate under new management team, says Goldman Sachs
Goldman raised its rating on Burberry to ‘buy’ from ‘hold’ and lifted its target price to 2,395p from 1,797p.
FTSE 100 consolidates gains to close higher but miners weigh
The UK blue-chip index finished over 44 points higher at 7,044, but big miners tempered gains
Burberry unveils former Givenchy designer Riccardo Tisci as its new chief creative officer
The FTSE 100-listed group said Tisci will replace Christopher Bailey, who has been Burberry’s chief creative officer and president since July 2017 but who announced he will leave both roles at the end of March this year
Investments and investor services
FTSE 100 closes firmly lower as global share rout continues
Investors didn't want to venture into shares today, or outside much in the UK for that matter
Burberry's plans to take brand more upmarket will take time, says Jefferies
Jefferies initiated its coverage of Burberry with a 'hold' rating and target price of 1,650p
Investments and investor services
Interserve falls on govt scrutiny, but broker says it is not the next Carillion
A look at some of the top risers and fallers in London today.
Burberry reveals weak UK sales drag on third quarter amid tough retail market
Burberry has left its 2018 guidance unchanged and its on track to deliver £60mln of cost savings on the back of its transformation programme
Archive
FTSE 100 closes lower for third day in a row
The fall-out from the Carillion collapse continued, the US market saw more volatility, meanwhile, Bitcoin continued to slump testing US$10,000.
Archive
Burberry and Pearson both have lots to do to confound sceptics
Luxury trench coat maker Burberry has a new boss and investors will be looking for signs that his plans for a transformation are starting to bear fruit
Archive
Coffee break eyed at Whitbread as retail trading updates continue to flow
Week ahead includes trading updates from Whitbread PLC, Associated British Foods PLC, Experian PLC, Royal Mail Group PLC, William Hill PLC, Burberry PLC, plus UK inflation and retail sales data
Ted Baker out of fashion as Barclays says future growth already baked in
“We find it difficult to see upside potential from current valuation levels, given limited catalysts and the longer-term risks we have discussed”
'Search me, guv’ says Caledonian Trust as it denies knowing why share price boomed on Thursday
Some of the main news-driven risers and fallers in London on Thursday...
Burberry shares plunge as it unveils new strategy and reveals slowdown in UK sales
Burberry said it is mindful of the tougher comparative revenue base in the second half”.
FTSE 100 closes at new record high as pound firms, US stocks gain
After a record close on Friday, Monday was always likely to get off to a slow start although it has picked up as the day has worn on...
Archive
M&S and Sainsbury's take centre stage as BoE interest rate hike excitement dies down
The week ahead includes earnings from M&S, Sainsbury's, ABF, Direct Line, Wetherspoon and AstraZeneca while macro-economic announcements will be thin on the ground
Burberry reveals surprise departure of Christopher Bailey, its chief creative officer and previous CEO
The group said Bailey will remain its president and chief creative officer until 31 March 2018, when he will step down from the board, but he will provide his full support to new chief executive officer Marco Gobbetti on the transition unti
Burberry “one of the most exciting restructuring stories in the luxury goods sector”
Berenberg expects new CEO, Marco Gobetti, to address Burberry's greatest problem: the US market
Profit warning weighs on Renold; Digital Barriers, Ironveld fall
A look at some the biggest risers and fallers in London today
FTSE 100 closes at record high bolstered by weak pound on Brexit talks 'stalemate'
In a joint news conference held later in the day, Barnier admitted that some progress had been achieved on citizens' rights and Ireland's common travel area
Investments and investor services
FTSE 100 closes a tad lower as focus turns to Fed
Sterling's strength weighed on FTSE 100 stocks today
Luxury gap: Credit Suisse highlights turnaround potential in Burberry with rating upgrade
The Swiss bank also raised its target price for the FTSE 100-listed firm to 2,000p, from 1,650p, with Burberry shares strong gainers in mid=morning trading, up 1.9%, to 1,797p
After AVEVA’s £3bn merger with Schneider, which other UK companies could be subject to a bid from abroad?
The weak pound has made UK businesses more attractive to overseas buyers with Worldpay, Sky and Unilever all being targeted this year
FTSE 100 closes up but misses record high
The FTSE 100 index closed 10.79 higher at 7,542. The session peak was 7,549, and the day’s low was 7,518
Burberry's first quarter trading well-received but CEO 'mindful' of more work to do in overhaul
Burberry's first quarter sales beat analysts' expectations, boosted by increased spending by Chinese consumers and a strong performance in the UK
Burberry in fashion after first quarter revenue gains on growth in UK and China sales
The luxury fashion has retailer shrugged off a slowdown in the US luxury fashion market to achieve first quarter revenue growth
Investments and investor services
FTSE 100 finishes strongly as dovish Fed chair Yellen reassures
The Footsie closed 87.17 higher, or 1.19% to 7,416...
Archive
Burberry to see modest Q1 sales growth as luxury market struggles for momentum
Day ahead: Trading updates from Burberry Group, Barratt Developments ...
FTSE 100 closes 40 points down as retailers weigh
The market chose to interpret Broadbent's comments as a vote for the status quo
Archive
Marks & Spencer and Burberry both need to regain momentum
Week ahead: Marks & Spencer, Burberry, JD Wetherspoon...
Centrica shares jump on takeover rumours as weaker pound sparks interest in UK assets
Centrica could fetch up to 300p per share in bids for the utility group, it has been speculated
Worldpay takeover may be first of many as US firms go Brexit bargain hunting
ITV, Burberry and GlaxoSmithKline could face potential bids from international rivals as a weaker pound stokes interest in a number of UK-based firms
FTSE 100 pares losses despite sharp fall in US equities
Lancashire Holdings rose in sympathy with Novae as the Lloyd's specialist insurer sold out to AXIS Holdings
Berenberg sees opportunities for Burberry in China under its new leadership, and raises target price
The broker concedes Burberry is behind some of its rivals in China, however, the uber popular DK88 leather handbag is proving a runaway success with China’s young affluent
FTSE 100 closes 51 lower amid sterling losses and Brexit worries
The pound has plummeted against the dollar on dovish remarks from Bank of England Governor Mark Carney
FTSE 100 rises as May's new government is DUPed
Despite the worst case scenario in the General Election, the FTSE 100 rose strongly
HSBC checks out of Burberry, downgrading its rating to ‘reduce’ from ‘hold’ after cutting its target and estimates
The global bank also cuts its target price for the FTSE 100-listed firm to 1,580p, from 1,630p after reducing its earnings per share estimates by 8% for this year and 6% for next to reflect a fourth-quarter sales miss
FTSE100 closes a tad lower as eyes and nerves turn to election
FTSE100 subdued after latest poll points to hung parliament
Bailey in low key handover as Burberry battles tough backdrop
Underlying profits dropped by 21%, which Burberry blamed partly on restructuring costs
Investments and investor services
FTSE 100 closes lower as Trump slump continues
Well, it's not a triple digit fall for the FTSE 100 on Thursday
Archive
Pension scheme front and centre for Royal Mail Group PLC
Week ahead: Royal Mail, Burberry, SSE, Mitchells and Butlers, easyJet ...
Investments and investor services
FTSE 100 finishes little changed after "Super Thursday" underwhelms
The Footsie was back in black - but only just - thanks to precious metals miners
Coach buys handbag maker Kate Spade for US$2.4bn following months of M&A speculation
Coach will pay US$18.50 per share for Kate Spade, representing a premium of 9% to the closing price on Friday
Archive
Osborne to stand down as an MP to concentrate on his other jobs
Theresa May's decision to dodge the televised party leader debates attracts derision while George Osborne's decision to stand down as an MP is front page news in the paper he edits