Company
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.
436 stories · page 12 of 22
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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
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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
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
Kepler raised its rating on Burberry to ‘hold’ from ‘reduce’ and raised its target price to 1,870p from 1,780p
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
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
Sainsbury, Superdry and Burberry are among the names in the diary for Thursday.
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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
The FTSE 250 fared much better though, adding almost 154 points on the day to close at 19,325
HSBC raised its rating on Burberry to ‘hold’ from ‘reduce’ but cut its target price to 1,950p from 2,100p
After inviting Burberry, ASOS and boohoo to strut the catwalk, RBC sees only one winner
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
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A look at some of the biggest risers and fallers in the London market on Friday
Burberry destroyed £28.6mln worth of unwanted items in the financial year to end of March
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 left its full year guidance unchanged and said it is on track to deliver cumulative cost savings of £100mln
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
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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
The UK blue-chip benchmark closed around four points higher at 7,692
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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
