Burberry benefits from double pound boost, wholesale guidance cut
18th Oct 2016 07:02
(ShareCast News) - Burberry's like-for-like sales improved in the second quarter thanks to a spike in fashion-conscious tourists to the UK, but while it confirmed a larger potential profits boost from currency fluctuations, wholesale revenues cast a stain on the results. For the six months to 30 Sep
Read moreBurberry a 'buy' for Berenberg as outlook improves for luxury goods
13th Oct 2016 09:16
(ShareCast News) - On the belief the uncomfortable ride for luxury goods companies is coming to an end, Burberry was initiated with a 'buy' rating by Berenberg due to its extra opportunities for cost cutting. Although the absence of global inflation limits the impact of price and retail expansion op
Read moreWednesday broker round-up
12th Oct 2016 14:40
(ShareCast News) - Shire: Goldman Sachs keeps at buy with a target price of 6300p. Page Group: HSBC reiterates hold, 385p target. McCarthy & Stone: UBS keeps at sell with a 150p target. Arrow Global: Macquarie reiterates outperform with a 335p target. Electrocomponents: Citigroup keeps at neutral
Read moreTuesday broker round-up
11th Oct 2016 14:54
(ShareCast News) - Easyjet: Deutsche Bank keeps at hold with a target price of 1000p. BP: HSBC reiterates buy, 570p target. Petrofac: Credit Suisse keeps at outperform with a 1100p target. British American Tobacco: Jefferies reiterates buy with a 6000p target. Royal Dutch Shell: HSBC keeps at bu
Read moreBroker tips: Majestic Wine, Burberry, Capita
30th Sep 2016 15:30
(ShareCast News) - Majestic Wine's shares fell on Friday as Canaccord Genuity reiterated a 'sell' rating and cut the target price to 290p from 350p. The company last Wednesday issued a profit warning, saying it had been hit by the costs of a failed marketing campaign for its Naked Wines business in
Read moreMonday broker round-up
26th Sep 2016 14:17
(ShareCast News) - N Brown: HSBC downgrades to hold with a target price of 205p. Kingfisher: UBS downgrades to neutral, 390p target. Morrison: Credit Suisse keeps at neutral with a 200p target. WPP: Jefferies downgrades to hold with a 1850p target. Wolseley: Exane BNP Paribas keeps at underperfor
Read moreFTSE 100 movers: Burberry in fashion after London catwalk show
20th Sep 2016 12:46
(ShareCast News) - London's blue chip shares were in style on Tuesday, as reports from London Fashion Week proved a welcome diversion for investors who were bracing themselves for central bank announcements later in the week. Plenty of positive commentary surrounding Burberry's fashion show in Londo
Read moreBurberry shares drop as Goldman highlights subdued outlook
9th Sep 2016 09:54
(ShareCast News) - Luxury retailer Burberry was under pressure on Friday after Goldman Sachs removed the stock from its Sustain Focus List, highlighting the company's subdued outlook. It pointed out that over the last two years, Burberry has seen a weaker-than-expected financial performance, with ea
Read moreDirector dealings: Burberry and BGEO directors take some profits
25th Aug 2016 16:17
(ShareCast News) - A pair of directors at Burberry and BGEO Group reaped hefty profits from selling shares on Thursday. Burberry chief executive Christopher Bailey, who in July agreed to step back to focus solely on his previous role of chief creative officer, stashed £253,500 in his manbag as he so
Read moreWednesday round-up
3rd Aug 2016 12:13
(ShareCast News) - Laird: UBS upgrades to buy with a target price of 350p. Direct Line Group: Deutsche Bank maintains buy with a 435p target. Associated British Foods: Exane BNP Paribas reiterates outperform with a 3300p target. Sky: Goldman Sachs reiterates buy with a target price of 1029p. Fres
Read moreBurberry acquires total control of China business
1st Aug 2016 07:11
(ShareCast News) - Burberry has taken full control of its retail business in China, snapping up the final 15% it did not own for £54m. The FTSE 100 fashion group first acquired retail operations in the People's Republic in 2010 and on Monday confirmed the acquisition of 15% economic interest in its
Read moreBurberry announces share buyback programme up to £100m
20th Jul 2016 08:31
(ShareCast News) - Luxury retailer Burberry has announced a share buyback programme up to a maximum of £100m. The buyback, which ends no later than 18 April 2017, will be carried out by Morgan Stanley. Last week, the company said declines across all three of its regions led to a 3% like-for-like dr
Read moreThursday broker round-up
14th Jul 2016 11:01
(ShareCast News) - Poundland: HSBC reiterates hold with a target price of 222p. Burberry: UBS keeps at buy with a 1650p target. Acacia: Jefferies reiterates buy with a 640p target. Genel: UBS stays at neutral with a 130p target. Asos: Goldman Sachs downgrades to neutral with a target price of 510
Read moreBroker tips: GSK, Sage, Burberry
14th Jul 2016 10:39
(ShareCast News) - Shares in GlaxoSmithKline rose on Thursday as Jefferies upgraded the stock to 'buy' from 'hold' and lifted the target price to 2,000p from 1,650p. "We have upgraded GSK to 'buy' from 'hold' with a target price of 2,000p as we believe that the improving yield quality will continue
Read moreUBS reiterates 'buy' on Burberry but cuts target price
14th Jul 2016 10:18
(ShareCast News) - UBS left its 'buy' rating on Burberry unchanged on Thursday but cut its target price to 1,650p from 1,700p. "Our 'buy' rating on Burberry is based on our view that the share price does not reflect the true value of the retail productivity improvements and cost savings plan laid ou
Read more