Burberry sales rise 8% in first quarter despite Hong Kong deceleration
15th Jul 2015 08:22
(ShareCast News) - Burberry's retail sales grew 8% in the first quarter of the year, down from 14% growth in the last full year, as the fashion house suffered a decline from the Asia Pacific region and further deceleration into the double-digits in Hong Kong. The results were in line with consensus
Read moreWednesday preview: China, Greece, ECB and Fed in focus (in that order)
14th Jul 2015 19:40
(ShareCast News) - Burberry's first quarter figures will make for a very interesting read given the company has the pulse on the demand for luxury goods in several markets in which traders now have a particularly keen interest, not least China. A raft of macroeconomic data from Asia's largest econom
Read moreMonday broker round-up
13th Jul 2015 12:05
(ShareCast News) - ARM Holdings: JP Morgan downgrades to underweight and lowers target to 900p from 950p; Exane reiterates outperform with 1,400p target. AstraZeneca: Goldman Sachs stays at neutral and Jefferies at buy. British American Tobacco: Nomura starts coverage at buy with 3,920p target. Bu
Read moreFTSE 100 movers: Intertek hit by downgrade, miners higher
2nd Jul 2015 13:14
The FTSE 100 was buoyed by a tentative recovery in metal prices, strong construction data and gains in the pharmaceuticals, insurance and telecommunications sectors on Thursday. As of 15:00 BST, London's blue chip index was trading 0.5% higher at 6,638. BP led the index higher after a robust rally
Read moreSociete Generale downgrades Burberry target price and revenue estimates
21st May 2015 14:04
Societe Generale cut its price target for Burberry to 1,750p from 1,850p following the company's full-year results on Wednesday. It pointed to Burberry's announcement that earnings in the 12 months through March will be around £40m less than previously estimated due to the recent strength of sterlin
Read moreLondon close: Vodafone, banks lead markets higher but Greek concerns weigh
20th May 2015 16:59
Decent gains from blue chips Vodafone, Barclays and RBS gave UK stock markets a lift on Wednesday, with the Footsie settling above the 7,000 level for the first time in seven sessions. The FTSE 100 finished 12.16 points higher (+0.17%) at 7,007.26, a level it has not closed above since 11 May. Howe
Read moreFTSE 100 movers: Vodafone surges on merger speculation, miners rebound
20th May 2015 12:56
London stocks were trading slightly higher on Wednesday as strong performances from mining and telecommunications stocks outweighed weakness in the insurance and real estate sectors. As of 2:30 GMT, the FTSE 100 was trading 6.2 points higher at 7,0001. Vodafone led the risers, rebounding after Tues
Read moreBroker tips: Vodafone, Burberry, M&S, Talktalk
20th May 2015 11:41
Vodafone's share price is likely to be buoyed by speculation regarding a Liberty Global merger over the coming days, though analysts at Bank of America Merrill Lynch remained cautious. The US bank reiterated an 'underperform' rating on the stock, saying that concerns about each companies' valuations
Read moreNomura still sees upside at Burberry despite lower forecasts
20th May 2015 09:45
Nomura has lowered its forecasts for Burberry due to the impact of sterling strength on the fashion house's bottom line, though a 'buy' recommendation was maintained on its "solid underlying strategy". Annual results from Burberry were in line with expectations with pre-tax profit down 1% on a repor
Read moreLondon open: FTSE flat as blue chip earnings underwhelm, Vodafone rises on merger talk
20th May 2015 08:19
UK stocks edged higher on Wednesday morning though a raft of disappointing blue-chip earnings limited upside for the FTSE 100. The Footsie was up just 0.02% at 6,996.36 early on with Vodafone leading the way on the back of speculation surrounding a Liberty Global merger. However, results and update
Read moreBurberry slumps after warning over outlook
20th May 2015 07:09
Shares in luxury retailer Burberry slumped 5% after the company cautioned that it was seeing increased uncertainty in some of its markets and warned over the potential impact of currency movements. Burberry said it now expects earnings in the 12 months through March to be around £40m less than previ
Read moreBroker tips: Easyjet, Compass Group, Burberry
13th May 2015 11:16
Numis Securities has lowered its recommendation for budget airline Easyjet from 'buy' to 'add' on the back of "near-term uncertainty". The broker said the "underlying investment case remains intact" but cut earnings estimates, saying that revenue per seat growth expectations are being tempered. Ber
Read moreNomura forecasts above-average growth at Burberry ahead of results
13th May 2015 11:12
All eyes will be on the outlook at luxury fashion house Burberry when it reports its full-year results next week, according to broker Nomura which reiterated its 'buy' rating on the stock on Wednesday. The broker said Burberry trades at 21.4 times earnings - a warranted premium to the sector given t
Read moreThursday broker round-up
16th Apr 2015 13:42
AstraZeneca: Societe Generale reiterates buy and 6,660p target price. Tesco: Nomura reiterates neutral and lowers target to 185p from 190p. Burberry: UBS reiterates neutral stance and lifts target to 1,800p from 1,650p. Royal Dutch Shell: Barclays reiterates overweight. Persimmon: Shore Capital r
Read moreLondon close: Retailers, miners and oil stocks help FTSE set new record
15th Apr 2015 16:38
Strong gains in the retail sector and a solid performance from mining and oil stocks helped the FTSE 100 set a new record high on Wednesday, amid hopes for further stimulus in China and no surprises from a policy meeting in Europe. London's benchmark Footsie rose 21.51 points (+0.3%) to a new all-ti
Read more