Burberry's second half revenue struts lower as licensing and wholesale sales fall
Shares in the luxury fashion company are lower as analysts raised concerns that a stronger pound could hit results
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.
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FTSE 100 closes down as May wins MP backing for election
Although it has been an up and down day for the Footsie, it has rarely strayed far from last night's closing level
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Day ahead: Retailers at opposite ends of shopping spectrum in focus
Luxury group Burberry PLC will deliver a pre-close season trading update, while Primark discount clothing chain owner Associated British Foods PLC delivers its first-half results
FTSE 100 down 164 points on snap election news; pound hits 10-week high
The UK prime minister has announced a snap general election for 8 June
FTSE 100 seen cautious after mixed US, Asian session on Korea worries
Spread betting firm London Capital Group expects the FTSE 100 index to open around 10 points lower at 7,317, having shed 21.4 points last Thursday
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Primark to keep the ball rolling nicely at Associated British Foods
Week ahead; Associated British Foods , Sky , Unilever Burberry, Reckitt Benckiser...
Deutsche Bank raises target price for Burberry ahead of trading update scheduled for next week
It's analysts pointed out: “Industry data has been improving since the middle of 2016, driven by improving trends in Greater China and more modest improvements in Europe."
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Apple shows brutal streak as its dumps partner Imagination
Trending: Apple, Imagination Tech, North Sea, Lloyds...
Licensing Beauty: Burberry Group inks strategic partnership with Coty
Burberry boss Christopher Bailey said the "combination of the upfront payments and ongoing royalties is financially attractive and is expected to provide an accretive impact to our earnings from FY 2018/19"
Burberry shares in fashion as UBS ups price target
UBS said Burberry is its “preferred turnaround name in luxury” as it repeated its ‘buy’ recommendation and raised its target price
Burberry can’t keep riding the FX wave forever, says City broker
The fashion house has been one of the main beneficiaries of the weak pound since Brexit
FTSE shares end lower as sterling marks 8-week low vs dollar on Brexit jitters
FTSE 100 shares closed lower on Tuesday after investors turned edgy over Brexit plans which hit banking and retail shares as well as took sterling to an 8-week low against the US dollar
Barclays raises Burberry's target price after Belgium’s richest man takes a stake
Barclays has raised its target price and reiterated an 'overweight' rating on Burberry
Burberry in vogue as Belgium’s richest man takes a stake
Albert Frere is estimated to be worth the best part of £4bn, and has just disclosed a 3% stake in the fashion house
FTSE stocks mark record highs with Wall St as Trump boosts construction, commodity stocks
FTSE 100 stocks, just like Wall Street, defied soothsayers’ prognoses that investors didn’t much like a threadbare speech to Congress from US President Donald Trump overnight, and pledged their vote to his spending ambitions as record heigh
Investments and investor services
FTSE 100 shares drop as sterling gains
London's FTSE 100 hit reverse gear as the pound recovered a little of its mojo
Burberry Group growth strategy no help to US sales
Delivering retail revenues of £745mln, the group, famed for its distinctive check design, said full-year earnings would be in line with market forecasts.
FTSE 100 edges higher despite Pearson share dump
FTSE 100 shares closed higher on Wednesday, in spite of investors dumping shares in educational publisher Pearson
European growth anticipated for Burberry Group
“We expect Burberry’s Q3 trading update (to be released tomorrow before the market) to show similar trends to Q2," Haitong said.
New Burberry boss to join group later this month
Marco Gobbetti will join the luxury fashion brand on 27 January as executive chairman of the Asia Pacific and Middle East business
Investments and investor services
FTSE ends lower as 14 days of highs peter out
FTSE 100 index closed down 0.2% at 7,327 on Monday, as the 14-session record high winning streak crashed after shares in banks and oil companies slipped
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Week Ahead: Christmas hangover lingers for retailers
Among the big retail names reporting are Burberry, Halfords and Pets at Home.
FTSE 100 hits fresh record high as sterling sags
FTSE 100 stocks closed at a record high on Monday, extending from its feat last week, as it marked the eighth successive record peak, largely thanks to a weakening pound
FTSE 100 closes firmer, small-caps mark fresh record high, but retailers drop
FTSE 100 stocks closed firmer on Wednesday but a grim outlook for 2017 from Next plc left retailer shares in the bargain bucket
Investments and investor services
FTSE 100 shares extend gains as Wall Street rallies
FTSE 100 shares extended gains in the second half of Tuesday to close comfortably up in tendem with record-breaking gains on Wall Street
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Trending: Burberry and Coach continue to flirt
Reports over the weekend suggested an ‘informal’ offer had been made by Coach to acquire the iconic British fashion brand
Investments and investor services
FTSE 100 stocks end higher thanks to miners and construction
FTSE 100 stocks ended higher on Thursday thanks to miners and the construction sector, while the laggards included venerable British names Royal Mail and Rolls Royce
Burberry buckles after interims underwhelm
Performance was boosted by the strength of the dollar - which may not last for long after last night's events
Will someone in the City bury bad news when the world watches US vote count?
So … who’s already pencilled into the schedule for Wednesday?
Week Ahead: US election takes centre stage
Aside from the election, several UK retailers have results due next week
FTSE 100 stocks give up 7,000 level as miners come off on copper warning
FTSE 100 stocks gave up the 7,000 level on Wednesday as mining stocks dragged the market lower
Burberry shares rise on reports Coach is lining up a bid
One lot of unnamed sources claims a deal is in the works, while other anonymous sources claim it isn't
Investments and investor services
FTSE 100 stocks end soft as tobacco takeover produces mixed results
FTSE 100 shares ended softer on Friday after a trans-Atlantic tobacco takeover bid failed to lift the mood of the market
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ASOS and Burberry get reality checks; Reckitt fails to cut the mustard
Life's tough for glamour stocks that stop dazzling. Meanwhile, Reckitt fails to cut the mustard and Travis Perkins lowers guidance
Builders and building materials
FTSE 100 gains on coat tails of Burberry
FTSE 100 stocks closed higher on Wednesday after fashion house Burberry bounced back
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Burberry not in fashion, according to broker Liberum
A look at some analyst views on Tuesday morning
FTSE 100 shares end higher in a 7,000 level photo finish
FTSE 100 shares managed to close higher on Tuesday and hold onto the 7,000 mark – just. The blue-chip ticker ended up 0.8%, or 52 points, at 7,000.06 in what looked like a photo finish
Risers & fallers: Botswana Diamonds loses lustre as it commences drilling
Botswana Diamonds said drilling has commenced on kimberlite pipe AK 22 on Licence PL 260 in the Orapa area of Botswana
Weak wholesale numbers drag Burberry down
A return to like-for-like sales growth on the retail side was in line with expectations but the decline in wholesale revenues was a worry
Sterling's plunge is a boon to fashion firms ASOS and Burberry
ASOS is very clearly on the front foot, Peel Hunt asserts
Week Ahead: Retailers ASOS and Burberry go head-to-head
The collapse of sterling will have been a boon to both retailers
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easyJet flies into more turbulence as Deutsche downgrades forecasts
A look at some City analysts view on Tuesday.
FTSE 100 misses out on record high close over Brexit, US rate fears
FTSE 100 shares narrowly missed out on a record closing high on Tuesday after slipping back from record levels thanks to renewed Brexit fears which sent the pound below $1.23, as well as growing expectations of a US rate hike this year. Ear
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UK housebuilding in good shape, suggests Deutsche
An early look at some broker views on Tuesday
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Vodafone dialling all the right numbers for UBS
The influential Swiss house reckons Germany is back on the growth trail after 13 successive quarters of stuck in reverse gear.
RBS has a shocker post-Brexit
It was better news for the miners which have rallied since June’s EU referendum
FTSE 100 closes higher, builds on previous day’s gains
UK shares closed higher on Tuesday, extending gains from the previous session, while investors awaited the outcome of central bank meetings in Japan and the United States
UK shares end lower as trade data fails to excite post-Brexit
UK stocks ended sharply lower on Friday, never once turning into the black, after trade data failed to ignite excitement among investors
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Brokers: Randgold and Acacia bumped up
While it was good news for the gold miners, brokers were mixed in their outlook for ARM Holdings after yesterday’s takeover news
FTSE falls after UK rates hold surprise
London stocks succumbed to selling pressure and ended Thursday lower, after investors were spooked by the Bank of England’s decision not to cut interest rates
Footsie pares gains as Bank of England holds interest rates
The FTSE 100 Index fell back to stand 9.8 points ahead at 6680.23 but Ocado chatter provided interest
London shares ease with Wall Street dip as GBP falls
London’s shares edged lower on Wednesday, in tandem with Wall Street losing steam mid-way through the New York session, and despite a smooth transition to a new British Prime Minister. Sterling was part of the problem. After recovering from
Burberry continues to face “challenging external environment”
Outgoing chief exec Christopher Bailey said the luxury brand endured a challenging external environment.
FTSE 100 up nine as market awaits next Brexit moves
London’s blue chips edged lower despite US markets powering to another high overnight.
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Burberry Group shake-up well-received
Burberry’s surprise boardroom change yesterday gets plaudits from UBS
Investments and investor services
Preview: Barratt to update on 'Brexit' housing impact
Barratt Developments PLC (LON:BDEV) was due to issue a trading statement
Week Ahead: ASOS PLC likely to welcome sterling's post-Brexit tumble
Youth-orientated fashion firms ASOS and Supergroup go head to head, while a bit further up-market Burberry may regard the Brexit fall-out as a mixed blessing
FTSE 100 storms higher to end the week with a small gain
Finishing the week on a high, the Footsie managed to achieve a gain on the week
FTSE 100 leaps like a salmon while Aqua Bounty boosts AIM
Financial stocks were going well as markets begin to adjust to the prospect of interest rates rising sooner than previously expected
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Compass Group pointing in the right direction - Jefferies
A look at some broker tips on Thursday, including Compass and Admiral
Most followed - Burberry, banks, Lloyds and BBC trending
A look at some of the most topical and trending stories of the day
Burberry to return £150mln to shareholders despite falling profits
Upmarket fashion chain hiked annual dividend and pledged to buy back up to £150mln of shares
PREVIEW: Shorts in fashion at Burberry
Not those kinds of shorts ... we mean short sellers
Most followed: Burberry heavily shorted ahead of results
Around 7% of Burberry's shares have been shorted. Meanwhile, The Share Centre reports that 2015 was the worst year for FTSE 350 companies' results since at least 2007.
Week ahead - Is Merlin on the right track?
Other updates come from paving specialist Marshalls, SSE Group, Thomas Cook Group PLC and Mothercare
Archive
No jumps on the way for William Hill, says Canaccord
Bookmaker William Hill has its target lowered by City broker Canaccord.....
Investments and investor services
BT Group cut off by Jefferies, Numis opens with a ‘buy’ for Horizon Discovery
BT Group, Vodafone, Ashmore, Burberry, BHP Billiton, Horizon Discovery all feature in Wednesday’s broker spotlight.
Small caps and FTSE 100 both hold steady
FTSE AIM All-share added 0.19% to 732.6, while FTSE100 was three points better at 6,367, another new high for the year.
Weatherly International shines bright as small caps go higher
UK small caps were outshining big caps in early deals with copper junior Weatherly International PLC the runaway gainer.
Investments and investor services
Risers & Fallers: Alecto Minerals, Atalaya Mining, KEFI Minerals, Premaitha Health, Persimmon, Scapa
House builder Persimmon slides after griping about planning delays in an otherwise upbeat trading update
Burberry sales dip amid European slowdown
Chain said sales to travelling luxury customers in continental Europe slowed
PREVIEW: Will JD Sports reveal another outperformance?
Positive indications from Nike, Adidas and other sportswear firms suggest another good set of results are on the way from trainer and premium leisurewear retailer JD Sports.
Week ahead - ASOS, Ergomed and Optibiotix Health among AIM stocks reporting
There's a flurry of interesting small cap firms reporting this week, alongside AIM internet retail biggie ASOS....
AIM mining stocks lead Tuesday’s risers, but AIM 100 edges lower
Don’t tell Goldman Sachs, but, mining stocks were the top performers in the small cap market so far today.
Archive
Burberry now fashionable in broker’s eyes
Burberry, Cineworld, Goals Soccer, Restaurant Group, Premier Oil, Anglo America, Antofagasta, Griffin Mining and EnQuest are all in Friday's broker spotlight.
Archive
Footsie finishes 1.38% ahead as crude gains
Britain's blue chip index took the scenic route to finish pretty much where it started - up 83 points to 6,096
FTSE100 keeping above water; Pearson top gainer
FTSE100 was keeping its head above water at lunch as oil crept higher and educational publisher Pearson (LON:PSON) saw shares rise.
Risers & fallers: Burberry Group, Pearson, Royal Bank of Scotland, Sports Direct, Weir, William Hill
Tristel ends a rough week on a high note as directors buy more than 100,000 shares in the company.
Archive
BAE downgraded as Credit Suisse doubts Saudi orders
BAE Systems, Burberry, Next, Smith & Nephew, AstraZeneca and Britvic are all in the broker spotlight on Tuesday.
Retail winners & losers: Tesco, Home Retail, B&M, Asos...
Tesco reported its first group like-for-like sales increase for more than four years
UPDATE - Higher Burberry sales reassure market
Retail sales grew by 1%, with like-for sales unchanged year-on-year
Thursday's agenda: Food deflation on Tesco and BoE minds
With food prices in decline, supermarkets are finding it hard to grow like-for-like sales, but it means the Bank of England is in no hurry to raise interest rates to combat inflation
Retail winners & losers: Sainsbury's, Dunelm, Ted Baker, Shoe Zone and Game Digital
Sainsbury dismayed City with lower same-store sales and lack of news on Home Retail
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FTSE 100 bounces back, with blue-chips leading the way
Unusually, the majority of the big gains today were to be found among the FTSE 350 - especially the FTSE 100
FTSE100 on the up as sentiment improves
FTSE100 was buoyed by retail stocks at lunch and investor sentiment seemed to be improving as the index climbed 1.6% higher.
Week Ahead: Supermarket sweep
The twin perils of food deflation and the hard discounters continue to threaten the supermarkets, while the warmish weather has caught firms on the hop
FTSE 100 lower as miners overshadow Black Friday
There were a few blue chips cheaper as well as Footsie dipped 23 points at the open to 6,369.
Shares extend losses as Rolls-Royce flies lower
The FTSE 100 Index fell 64.49 points to 6232 at lunchtime
Investments and investor services
Most followed: Burberry, Rolls Royce, BAE, Starcom, Bradley Wiggins
Rolls Royce saw its shares nosedive by a fifth today
Investments and investor services
Market heads lower on Rolls-Royce profit warning
FTSE 100 Index fell 12.26 points to 6284 after grim Rolls-Royce update
Burberry boosts first-half profits in tough markets
The fashion retailer boosted its interim dividend by 5% to 10.2p.
Thursday's agenda: Burberry looks to steady after China woes
Burberry and Rolls Royce catch the eye on a busy Thursday
Week Ahead: TalkTalk has some explaining to do
There are bigger companies reporting this week, such as Sainsbury's, Prudential, SABMiller and Rolls-Royce, but few will command as much coverage as TalkTalk,
Investments and investor services
Glaxo's study results more bad than good reckons JP Morgan
Strong Phase III data for its Shingrix shingles vaccine in patients over 70 years follow encouraging data from the 50 years and older study.
FTSE 100 advance accelerates as China cuts rates
China has cheered the market, especially investors in resource stocks, by announcing further stimulus measures
Investments and investor services
London shares end week on high; Shire up on M&A talk
The FTSE100 pushed on throughout the afternoon, ending around 40 points higher to 6,378.
Shares rise as markets shrug off Eurozone woe
Footsie rose 28 points to 6,366 on hopes that US will delay interest rate hikes