Sector movers: Burberry warning takes down personal goods stocks
11th Sep 2012 15:55
With shares in Burberry sinking by more than a fifth after a profit warning, the personal goods sector was steeply lower on Tuesday afternoon. Shares were down around 21% after the iconic British fashion house said profits would be at the lower end of expectations this year. The firm is now taking
Read moreFTSE 100 movers: Burberry falls after warning on trading conditions
11th Sep 2012 15:35
British fashion house Burberry plummeted in the opening hour and has remained firmly in the bottom spot after warning that trading conditions were becoming more challenging with like-for-like sales flat in the second quarter. The firm said that ahead of the key retail trading period in the second ha
Read moreLuxury goods firms hit after Burberry warning
11th Sep 2012 14:41
Expensive trench coats or jumpers of the finest merino wool were not enough to protect investors from the cold wind that swept through luxury goods markets on Tuesday after Burberry issued a profit warning. Shares in the British fashion house plunged 22% after it said profits would be at the lower
Read moreLondon midday: New MPC appointee open to more QE?
11th Sep 2012 11:59
- Markets await German ruling on ESM, FOMC meeting - Burberry sinks after full-year guidance - Miners provide a drag London's FTSE 100 index was at its lowest levels of the day by Tuesday lunchtime as Burberry and the miners suffered from a steep sell-off; meanwhile, investors continued to show
Read moreBroker tips: Burberry, G4S, ARM
11th Sep 2012 11:28
Both Nomura and Seymour Pierce downgraded their ratings for British luxury brand Burberry on Tuesday morning after the company warned about a sales slowdown in the second quarter. Nomura lowered its recommendation from 'buy' to 'hold' and reduced its target price from 1,450p to 1,210p, saying: "Del
Read moreTuesday broker round-up
11th Sep 2012 09:29
3i Group: Oriel Securities downgrades to hold. AB Foods: HB Markets upgrades to buy. ARM Holdings: UBS raises target from 645p to 750p, buy rating kept. ASOS: Investec upgrades from hold to buy, 2,450p target kept. Bunzl: Goldman Sachs downgrades to sell, target cut from 978p to 965p. Burberry:
Read moreBroker snap: Brokers downgrade Burberry but stay long-term fans - UPDATE
11th Sep 2012 09:17
Iconic British luxury brand Burberry lost a fifth of its market value on Tuesday after warning that full-year profits will be at the lower end of current forecasts, prompting several brokers to remove their 'buy' ratings on the stock. However, while analysts now recommend to hold on to shares, most
Read moreLondon open: Footsie lower as Burberry plummets
11th Sep 2012 08:42
- Markets await German ruling on ESM, FOMC meeting - Burberry sinks after full-year guidance - Miners provide a drag The FTSE 100 opened slightly lower on Tuesday morning as markets gear up for some big 'risk events' later this week; falls in the heavyweight mining sector and a sharp drop from Burb
Read moreBurberry hammered after warning on profits -UPDATE
11th Sep 2012 08:23
Shares in British fashion house Burberry plunged in early trading after it warned profits this year would be at the lower end of expectations. The stock fell almost 18% when markets opened as the firm said it was taking steps to cut costs and maintain short-term profitability. Burberry, which has
Read moreLondon pre-open: Germany´s CC will not delay ESM decision
11th Sep 2012 07:26
City sources predict the FTSE 100 will open down 24 points from yesterday's close of 5,793. Dragging on markets, surely, is the uncertainty in Germany, where just last night the entire future of the Eurozone's bailout mechanism was thought to hang in the balance. The nation's Constitutional Court
Read moreBurberry warns on full year profits
11th Sep 2012 07:03
British fashion house Burberry warned that trading conditions were becoming more challenging with like-for-like sales flat in the second quarter. The firm said that ahead of the key retail trading period in the second half, it expected pre-tax profits for the year to 31 March 2013 to be at the lowe
Read moreMonday broker round-up
3rd Sep 2012 09:14
APR Energy: UBS raises target from 590p to 600p, sell rating unchanged. ARM Holdings: Deutsche Bank downgrades to sell, target cut from 465p to 400p. Burberry: Nomura keeps buy rating and 1,450p target. Cairn Energy: BarCap cuts target from 445p to 350p, equal weight rating kept. Computacenter:
Read moreSynergy CEO stocks up as Q1 growth limited by currency
27th Jul 2012 15:50
Dr Richard Steeves, the Chief Executive Officer of Synergy Health, a provider of outsourced sterilisation services, bought himself a round of shares on the same day the firm admitted headline growth in the first quarter had been held back by currency translation with the devaluation of the euro. T
Read moreBurberry no longer in talks with Interparfums
27th Jul 2012 07:20
Burberry, the iconic British luxury brand, announced on Friday that discussions with Interparfums regarding the possible termination of their licence agreement have ended. Interparfums is currently the exclusive worldwide licensee for Burberry fragrance and beauty products. The firm announced on J
Read moreLondon close: Corporate earnings provide a boost
19th Jul 2012 16:59
- Markets lifted by a series of upbeat earnings - IMF urges Britain to do more - Economic data from the US maybe not as weak as it appears A barrage of upbeat earnings reports from some heavyweight stocks across the US and Europe lifted sentiment today, sending the Footsie to its highest closing le
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