London 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.
Read moreHSBC cuts Burberry price target, lifts Watches of Switzerland
28th Nov 2023 08:15
(Sharecast News) - HSBC cut its price target on Burberry on Tuesday but lifted it for Watches of Switzerland as it took a look at the European luxury goods sector.
Read moreRBC Capital cuts Burberry price target after sales warning
17th Nov 2023 07:33
(Sharecast News) - RBC Capital Markets cut its price target on Burberry on Friday to 1,700p from 1,900p after the luxury fashion brand's sales warning a day earlier.
Read moreSector movers: Stocks slip amid poor company results on either side of the Pond
16th Nov 2023 16:25
(Sharecast News) - Stocks gave back some ground on Thursday, partly due to many names going ex-dividend, but the downdraft in shares of Burberry highlighted the difficult trading conditions faced by some companies operating in China and the U.S., the world's two largest economies.
Read moreLondon close: Stocks sink after three days of gains
16th Nov 2023 15:45
(Sharecast News) - London markets ended in negative territory on Thursday, reversing a three-day winning streak.
Read moreBurberry hit by luxury slowdown as China sales drop in Q2
16th Nov 2023 07:20
(Sharecast News) - British high-end fashion giant Burberry has warned that the slowdown in luxury demand is having an impact on current trading and could affect full-year sales, as it reported a huge deceleration in sales growth in the first half.
Read moreThursday preview: Philly Fed index, Fedspeak and Burberry in focus
15th Nov 2023 12:09
(Sharecast News) - Investors' attention on Thursday will be trained on the U.S. where raft of economic indicators were due out.
Read moreLondon close: Stocks weaker amid Gaza tensions, hot US producer prices
11th Oct 2023 15:01
(Sharecast News) - Stocks in London ended in the red on Wednesday, impacted by heightened concerns regarding global inflation and ongoing situations in the Middle East.
Read moreShares fall as sales growth slows at LVMH
11th Oct 2023 08:59
(Sharecast News) - Shares in luxury goods giant LVMH fell on Wednesday, after weaker global demand caused sales growth to slow.
Read moreLondon close: Stocks mixed on global economic jitters
26th Sep 2023 16:47
(Sharecast News) - Stocks in London ended Tuesday on a varied note, reflecting global apprehensions around the Chinese economy and rising interest rates, while the shadow of a US credit warning from Moody's loomed large.
Read moreBroker tips: Burberry, Whitbread, REITs
26th Sep 2023 13:06
(Sharecast News) - Luxury fashion brand Burberry took a hit as both Morgan Stanley and Deutsche Bank cut their price targets on the stock.
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