First COO of Burberry takes up the reigns
4th Mar 2013 11:52
The former Chief Executive of BBC Worldwide John Smith on Monday took up his new role as Chief Operating Officer of fashion giant Burberry. The group had previously said the new position "reflects the evolution of the executive team to support the next phase of growth, underpinned by Burberry's pr
Read moreLo-Q Chairman adds to stake, out-going Burberry CFO sells up
15th Feb 2013 08:43
The non-executive Chairman of Lo-Q, the AIM-listed technology solutions provider, purchased a chunk of shares in the group on Thursday. In an announcement that came after Thursday's close, it was revealed the Chairman had bought himself £174,400-worth of shares just two days after the company poste
Read moreFTSE 100 movers: Miners broadly higher but Randgold takes a hit
11th Feb 2013 15:09
Miners were performing well today, with EVRAZ and ENRC among the highest risers on the blue-chip index. However, Rio Tinto was in the red despite the Australian Competition Tribunal ruling that its Hamersley and Robe rail network should not be opened up to other users. Supermarket giant Tesco wa
Read moreSunday share tips: Burberry, BP, Victrex
10th Feb 2013 20:39
Investors in luxury goods group Burberry endured a case of the jitters last week after the company unveiled a series of boardroom tweaks. However, the group's strategy is unlikely to change. Investors were already concerned about a slowdown in growth for upmarket goods groups and after the recent ma
Read moreLondon close: Stocks slip as central banks stand pat
7th Feb 2013 17:19
Markets across Europe suffered steep losses on Thursday as traders reacted to comments from central bankers from the UK and Europe. "Early gains in equity markets proved unsustainable in the face of rising European yields and the unconvincing political backdrop," said senior sales trader Matt Basi
Read moreBurberry drops as China attacks luxury advertising
7th Feb 2013 15:45
Shares in luxury brand Burberry were hammered on Thursday as the company announced a series of boardroom changes; but market chatter was also putting the sharp fall down to the move by China to scale back luxury advertisements. China's media watchdog, the State Administration of Radio, Film and Tel
Read moreFTSE 100 movers: Compass rises on strong first quarter
7th Feb 2013 14:58
Contract caterer Compass was a high riser after having a good first quarter with expectations for the full year unchanged as its North America and emerging market business segments performing strongly. Telecoms group Vodafone rose despite posting a 1.8% drop in revenue for the last three months of
Read moreLondon midday: Markets lower as BoE holds rates
7th Feb 2013 11:46
Markets were slightly lower by Thursday lunchtime as it was announced that the Bank of England (BoE) had kept interest rates unchanged at its latest meeting, however investors were focusing mainly on comments from incoming Governor Mark Carney before the Treasury Select Committee. Carney and the Bo
Read moreLondon open: Markets cautious ahead of policy decisions
7th Feb 2013 08:42
The FTSE 100 index opened slightly higher on Thursday morning, helped by some decent gains by Vodafone, TUI Travel and Compass, but trade was cautious ahead of the monthly policy meetings at the Bank of England (BoE) and European Central Bank (ECB). The BoE decision is expected at midday, with fore
Read moreLondon pre-open: All eyes on Mark Carney
7th Feb 2013 07:24
City sources predict the FTSE 100 will open down two points from yesterday's close of 6,295, with investors lacking in direction following a mixed finish to Wednesday's session in the US. US markets were largely unchanged by the close, although there had been signs of profit taking earlier in the
Read moreFairweather named as Burberry CFO successor
7th Feb 2013 07:04
Carol Fairweather has been appointed Chief Financial Officer at upmarket clothing retailer Burberry, an update issued by the company on Thursday has disclosed. Fairweather, who has been with Burberry for six years - most recently as Senior Vice President of Group Finance, will take up the position
Read moreFriday broker round-up UPDATE
25th Jan 2013 07:03
Aberdeen Asset Management: Goldman Sachs upgrades to buy with its target price at 360p. APR Energy: JP Morgan lowers target price from 1005p to 950p, while its overweight rating is left unchanged. Brooks Macdonald Group: Numis ups target price from 1400p to 1470p and retains a hold recommendation.
Read moreBurberry director cuts stake with 400k-pound share sale
23rd Jan 2013 16:03
A director at Burberry sold over 400,000 pounds-worth of shares in the luxury brand company this week, the firm said on Wednesday. Pascal Perrier, the President of Burberry's Asia Pacific division, sold 30,000 ordinary shares at 1366.8p a pop on January 22nd. The sale, which amounts to £410,040, w
Read moreLondon midday: Stocks hold on to gains, but markets cautious
23rd Jan 2013 11:38
The mood on the stock markets was cautious on Wednesday morning as traders digested a barrage of economic announcements, corporate earnings and a key speech by David Cameron. The FTSE 100 managed to stay in positive territory after a strong start, albeit only just. UK Prime Minister David Cameron's
Read moreBurberry: Asia Pacific President sells 400K pounds-worth of shares
23rd Jan 2013 11:16
Pascal Perrier has sold 30,000 ordinary shares of five pence each in Burberry for 1366.8p, according a statement issued by the company on Wednesday morning. The sale, which amounts to £410,040, was recorded under the description of a "Person Discharging Managerial Responsibilities". A current Link
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