Burberry CFO makes multiple transactions
19th Jul 2012 16:31
Stacey Cartwright, the Executive Vice President and Chief Financial Officer of high-end fashion label Burberry, has sold 122,500 of the 132,500 shares she received which vested on Thursday. Cartwright, who joined the firm as CFO in 2004, sold the shares at 1,211.99p each, earning her a total of £1
Read moreFTSE 100 movers: A tale of two companies, Vodafone and Hermes
19th Jul 2012 14:36
Natural gas group BG was under the weather after Credit Suisse downgraded the stock to 'neutral' and cut its target price from 1,660p to 1,500p. Shares in Vodafone have moved into the second to worst spot on the top share index after it became known that Verizon Communications´s conference call ag
Read moreLondon open: Footsie flat for second day, but CSR rockets
17th Jul 2012 08:36
- Eyes on Bernanke and hints on further stimulus - CSR jumps nearly 40 per cent after disposal - Wolseley sees 'challenging' Europe The FTSE 100 was flat on Tuesday morning following a subdued session the day before, as investors look ahead to a semi-annual monetary policy report from the US Federa
Read moreLondon pre-open: Modest rise expected in early trading
17th Jul 2012 07:39
City sources predict the FTSE 100 will open up 11 points from yesterday's close of 5,662, tracking Asian stocks higher after the International Monetary Fund raised its growth forecasts on Japan. The IMF now believes that the country's economy will expand 2.4 per cent this year rather than its previo
Read moreBurberry hedges its bets in talks with InterParfums
17th Jul 2012 07:07
Luxury fashion brand Burberry has served notice to fragrance company Interparfums, one of its worldwide licensees, of its intention to terminate their licence agreement at the end of this year. Upon termination Burberry would pay InterParfums around €181m in cash. The two parties have been in di
Read moreLondon close: Global growth concerns weigh on stocks
16th Jul 2012 16:39
- China's Wen dampens sentiment - IMF cuts global growth forecast - G4S, Tullow, Sage and Barclays lead the fallers The FTSE 100 finished flat on Monday as a late burst of buying helped the benchmark index recover some of its earlier losses on the back of concerns over the global economic outlook.
Read moreSector movers: Miners suffer after Wen's comments
16th Jul 2012 15:20
Risk aversion saw the mining, personal goods and banking sectors fall on Monday as concerns over the global economic outlook saw investors flee for safety. Mining peers Kazakhmys, Randgold, Vedanta Resources and Polymetal were among the worst performers on London's benchmark index after Chinese Pre
Read moreLondon open: China concerns dampen Footsie; G4S tanks
16th Jul 2012 08:35
- China's Wen dampens sentiment - Miners drop on Chinese worries, Nomura comments - G4S tumbles on Olympics contract loss estimates London's benchmark index opened slightly lower on Monday morning as comments from China's Premier weighed heavily on stocks in the mining sector. G4S also took a tumbl
Read moreLondon close: Global stocks surge as China concerns ease
13th Jul 2012 16:38
- Stocks surge on Chinese data - JPMorgan reports profit despite big trading loss - Moody's downgrades Italian credit rating Better-than-expected growth data from China and well-taken quarterly results from JPMorgan Chase & Co sent global stock markets soaring on Friday, as investors shrugged off a
Read moreSector movers: Burberry lifts personal goods sector after Chinese GDP
13th Jul 2012 16:23
Burberry, by far the largest stock in the personal goods sector, was making gains of nearly six per cent on Friday, giving the category a massive boost. The British luxury brand surged today after it was revealed that the Chinese economy grew by more than expected in the second quarter. Burberry is
Read moreLondon midday: Markets shrug off Italian downgrade after Chinese GDP
13th Jul 2012 11:21
- Chinese GDP beats forecasts - Moody's downgrades Italian rating - US stock futures edge higher on China European markets were trading broadly higher and US stock futures were pointing to a positive start by Friday lunchtime after Chinese economic growth data came in better than expectations. Chi
Read moreFriday broker round-up
13th Jul 2012 09:11
Aegis: Exane BNP Paribas downgrades to neutral, target upped from 220p to 240p; UBS downgrades to neutral, target upped from 195p to 240p; HSBC downgrades to underweight, target upped from 180p to 240p. Anglo American: Liberum Capital downgrades to hold. Ashmore: Singer Capital Markets downgrades
Read moreLondon open: Chinese data provides a lift early on
13th Jul 2012 08:20
- Chinese GDP beats forecasts - Moody's downgrades Italy - Mining stocks gain on improved demand outlook Burberry and the miners were performing well on Friday morning after growth data from China came in above expectations, easing concerns about a 'hard landing' for the world's second-largest econ
Read moreThursday tips round-up: Burberry, Hays
12th Jul 2012 07:00
The Questor team in The Telegraph has recommended to hold luxury brand group Burberry, after the firm's latest slowdown in sales growth hit the shares hard yesterday. The paper says that to justify its rating - shares are trading at 16.9 times current-year earnings - Burberry must continue to grow
Read moreLondon close: Footsie flat ahead of FOMC minutes, Glencore up
11th Jul 2012 17:06
- Investors await FOMC minutes - BarCap cuts US growth estimates - Burberry disappoints; 'Glenstrata' in demand - Some say Glencore could benefit from rising grain prices The Footsie had pared early losses to trade broadly flat by the close as markets remained cautious ahead of the release of minu
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