Burberry reinstates progressive dividend policy as sales gradually recover
The luxury group expects solid revenue growth in the current financial year
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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Burberry catches the backlash as China retaliates against Uigher sanctions
China is a huge market for Burberry and the brand is incredibly popular
Burberry upgrades full-year forecasts as trading rebounds
Revenue and adjusted operating profit are expected to be ahead of consensus
Berenberg starts covering Burberry with ‘hold’ recommendation as strategy not resonating with consumer
Analysts say the investment case hinges on the turnaround but there are no signs of momentum yet
Burberry says Brexit makes UK less attractive for luxury shopping
Sales are expected to be hit significantly once coronavirus-related travel restrictions are eased
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US to bring out the inauguration bunting on Wednesday, UK eyes trading updates from Burberry and others
Joe Biden's formal ascent to the US presidency will be dominating the headlines mid-week, however, there will be plenty of updates from the corporate diary to keep UK investors occupied beforehand
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FTSE 100 finishes slightly lower amid thin volumes as Wall Street closed for Martin Luther King Day
Stop watching that documentary on slow-drying paint and check out the London stock market instead
Burberry encouraged by recovery after half-year profit plunge
The fashion designer has seen an improvement in sales in the second quarter but new lockdowns are expected to hit trading
Burberry upgraded to ‘sector perform’ by RBC over recovery path
Analysts believe the fashion designer will beat its second-quarter retail like-for-like estimated fall of 15-20%
Burberry launches coronavirus facemask in brand colours
The new masks cost £90 each and are available in Burberry check and pale blue
Burberry upped to 'hold' as Jefferies says bad luck and bad choices mostly priced in
Despite the upgrade, Jefferies said they expected the luxury brand will “take longer to recover" from its pandemic downturn than some of its "better peers"
Burberry launches first luxury ‘social retail’ store in China
A partnership with Tencent brings social media interactions into a physical retail environment through a dedicated WeChat mini program
Burberry to cut jobs as coronavirus hits sales in Europe and Americas
Sales in mainland China grew in the mid-teens in the first quarter, while in the EMEIA region were down around 75%
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FTSE 100 closes firmly ahead as vaccine hopes boost risk appetite
Footsie finished up almost 113 points, or 1.83%, at 6,292, while the midcap FTSE 250 gained nearly 246 points, or 1.43%, at 17,420
Fashion to the forefront on Wednesday as ASOS and Burberry report; UK inflation data eyed
The clothing firms find themselves potentially facing a spending squeeze as consumers prioritise essential goods amid an economic downturn
Burberry profits drop as it takes coronavirus hit but sees some green shoots in Asia
Cumulative sales in China and Korea since the beginning of April are ahead of the prior year, the group said
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FTSE 100 closes lower as risk-off sentiment persists
Britain's blue-chip benchmark finished down nearly 22 points at 5,993. The intraday low was 5,888. The high was 6,015.
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Burberry, United Utilities to end the week with diverse sets of full-year results
UK retail sales figures for April are also on the agenda
Burberry unlikely to hit growth targets as UBS highlights tourism risk to luxury goods sector
While it did raise its target price for the clothing group, UBS continued to rate the stock at 'sell' and warned an unwillingness of consumers to travel was the “biggest single risk to earnings in the luxury goods sector”
Businesses do their bit as coronavirus pandemic pulls community together
Burberry has re-purposed its coat factory in Castleford, UK to produce personal protection equipment (PPE)