FTSE 100 movers: Burberry higher on new director, Johnson Matthey hit by downgrade
11th Mar 2015 13:41
Shares in Burberry advanced after the British fashion house appointed Fabiola Arredondo as a non-executive director. Arredondo, once named by The Wall Street Journal as the most influential businesswoman in Europe, has previously held senior roles at Yahoo, the BBC and Bertelsmann. Temporary power a
Read moreLondon midday: Rebound falters as stocks pare gains after weak economic data
11th Mar 2015 11:57
London's stocks rose on Wednesday after plunging to a seven-week low, though any hopes for a full reversal of the prior day's sell-off were shattered by gloomy data from China and weak production figures from the UK. London's FTSE 100 was up just 0.08% at 6,708.24 by midday, having quickly erased ga
Read moreBurberry appoints business veteran Arredondo to board
11th Mar 2015 11:18
Shares in Burberry advanced on Wednesday after the British fashion house appointed Fabiola Arredondo as a non-executive. She will join the board with immediate effect and become a member of the audit, remuneration and nomination committee. Arredondo, once named by The Wall Street Journal as the mos
Read moreFTSE 100 movers: Chinese data boosts commodities and retail, Unilever sinks on dissapointing growth
20th Jan 2015 13:57
Fast-moving consumer goods giant Unilever was among the fallers after revealing slower-than-expected growth in 2014. Underlying sales were up 2.9%, faster than the markets they operate in but lower than analyst forecasts, with volumes higher by 1% and prices advancing by 1.9%. The company's core
Read moreFTSE 100 movers: Miners plummet as copper hits five-year low, oil companies continue south
14th Jan 2015 13:52
Mining stocks fell across the board though those exposed to the copper sector were hit the hardest after copper prices fell to five and a half year lows to $5,353.25 a metric ton. Antofagasta and Anglo American fared badly, but Glencore fared the worst, falling over 11% to a new record low. On
Read moreLondon pre-open: Sell-off expected as crude prices fall, World Bank cuts forecasts
14th Jan 2015 07:53
A continued slump in oil prices and concerns about global growth are expected to weigh heavily on UK stock markets on Wednesday. City sources predict the FTSE 100 will open around 70 points lower than Tuesday's close of 6,542.20. Brent crude was down a further 1.7% at $45.80 a barrel ahead of US go
Read moreBurberry sees growth accelerate in Q3, but Asia hit by Hong Kong slowdown
14th Jan 2015 07:22
Burberry said it delivered a "strong" performance in its third quarter with reported growth rates accelerating, but highlighted a slowdown in the high-margin market of Hong Kong. The high-end luxury fashion group said retail revenues totalled £604m in the three months to 31 December, up 15% on last
Read moreSector movers: Global luxury stocks gain as Japan postpones sales-tax hike
18th Nov 2014 14:21
Burberry was leading the personal goods sector higher in London on Tuesday as investors in global luxury stocks welcomed the news that Japan is delaying a planned sales tax hike. Data on Monday revealed that Japan fell back into a technical recession in the third quarter, mainly as a result of an in
Read moreBurberry's first half revenue rises, driven by growth in retail and wholesale
12th Nov 2014 07:20
Burberry on Wednesday reported a 14% increase in total revenues for the first half to £1.1bn with growth in retail and wholesale sales. The luxury fashion house was, however, hurt by the impact of a stronger sterling against currencies in other countries in which it has business. Reported pre-tax p
Read moreJimmy Choo IPO could be pulled, says CMC's Hewson
15th Oct 2014 11:08
Analysts at CMC Markets have suggested the £1.1bn initial public offer (IPO) of fashionable shoemaker Jimmy Choo could be shelved, after challenger bank Aldermore pulled its Friday flotation. CMC Markets' Michael Hewson said that, given the "raspberry" blown in the direction of fashion peers Burberr
Read moreLondon close: US markets help FTSE end higher following initial slump
14th Oct 2014 17:03
Following an initial decline, London's blue chips had a decidedly better afternoon of trading, thanks in part to an upbeat performance amongst US equities. Coming off an intra-day low of around 6,306, the FTSE 100 ended Tuesday's session 26.44 points higher at 6,392.68. The morning's losses were du
Read moreFTSE 100 movers: Burberry declines after seeing a 'more difficult external environment'
14th Oct 2014 16:18
Burberry delivered double-digit underlying growth in the first half but shares in the high end fashion group slumped after the firm said that it has experienced a "more difficult external environment" with a softening in growth from Chinese consumers both home and when travelling. Financial services
Read moreBroker tips: Burberry, Hargreaves Lansdown, SABMiller, BSkyB
14th Oct 2014 12:44
The Share Centre has repeated its 'buy' stance on Burberry despite the luxury fashion group's gloomy outlook which sunk shares on Tuesday. There are short-term challenges, analyst Helal Miah admitted, but "we believe there are solid grounds for optimism". He said that the "sheer scale" of the middle
Read moreThe Share Centre still optimistic despite poor outlook from Burberry
14th Oct 2014 12:40
The Share Centre has maintained its positive stance on Burberry despite the luxury fashion group's gloomy outlook which sunk its share price on Tuesday. The company's first-half update was more or less in line with expectations with underlying revenues rising 14% to £1.1bn. However, the company war
Read moreLondon midday: Weak economic data and earnings sink stocks
14th Oct 2014 12:10
A wave of disappointing corporate updates and worse-than-expected data from the Eurozone pushed UK stocks firmly into the red on Tuesday, as concerns about the global economy continued to weigh on sentiment. The FTSE 100 was down 0.7% at 6,322 by midday, as gains in the mining sector were offset by
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