RBC Capital cuts Burberry price target ahead of FY results
4th Apr 2024 14:27
(Sharecast News) - RBC Capital Markets cut its price target on Burberry on Thursday to 1,200p from 1,500p as it reduced estimates ahead of the full-year results, which it said are unlikely to surprise positively.
Read moreLondon close: Stocks mixed ahead of Fed, BoE decisions
20th Mar 2024 16:53
(Sharecast News) - London markets closed with a mixed but little-changed performance on Wednesday, as investors digested a larger-than-expected slowdown in UK inflation.
Read moreLuxury stocks slide after Kering warns on profits
20th Mar 2024 09:42
(Sharecast News) - Shares in Gucci-owner Kering tumbled on Wednesday, after the French luxury group warned on profits.
Read moreMoorhead to step down as WH Smith CFO, Burberry's Izzard to replace
15th Mar 2024 07:22
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Read moreJP Morgan places Burberry on 'negative catalyst watch'
1st Mar 2024 08:51
(Sharecast News) - JP Morgan has added Burberry to its 'negative catalyst watch' list ahead of the British high fashion brand's annual results as the wider luxury sector continues to contend with a major slowdown in growth.
Read moreLondon close: Stocks finish higher as US inflation cools
26th Jan 2024 16:21
(Sharecast News) - London's financial markets closed positively on Friday, as investors were buoyed by an optimistic consumer confidence survey and a lower-than-anticipated inflation reading from across the pond.
Read moreLondon close: Stocks mixed on relatively quiet Monday
15th Jan 2024 15:37
(Sharecast News) - London's stock market finished with a mixed performance on Monday, after underwhelming reports from PageGroup and Crest Nicholson.
Read moreGoldman downgrades Burberry, slashes price target
15th Jan 2024 11:31
(Sharecast News) - Luxury fashion brand Burberry slumped on Monday after Goldman Sachs downgraded the shares to 'neutral' from 'buy' and slashed the price target to 1,663p from 2,345p.
Read moreLondon close: Stocks rise on positive UK economic data
12th Jan 2024 15:39
(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.
Read moreBurberry cuts guidance, profits to fall by at least 27%
12th Jan 2024 07:14
(Sharecast News) - British high-end fashion group Burberry has delivered a significant profit warning on the back of the well-cited slowdown in luxury demand, which has rocked the industry over recent months.
Read moreLondon close: Stocks fall amid rising geopolitical concerns
3rd Jan 2024 17:48
(Sharecast News) - London stocks closed lower on Wednesday - the 40th anniversary of the FTSE 100's launch - as sentiment remained cautious due to increasing tensions in the Middle East.
Read moreLondon open: Gains modest but stocks rise to seven-month high
29th Dec 2023 07:59
(Sharecast News) - UK stocks edged higher to a seven-month high on Friday morning, though gains were likely to be limited in a shortened trading session ahead of the New Year's break.
Read moreLondon close: Stocks manage gains amid holiday slowdown
19th Dec 2023 15:02
(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.
Read moreDeutsche Bank slashes Burberry estimates on weaker demand outlook
7th Dec 2023 10:28
(Sharecast News) - Deutsche Bank has slashed target prices across the luxury sector, including for UK-listed Burberry, warning that demand is like to "remain challenging" in early 2024.
Read moreLondon close: Stocks slip after mountain of broker notes
28th Nov 2023 15:30
(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.
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