London midday: Shares advance despite Libya worries
7th Mar 2011 12:13
The ongoing turmoil in Libya and worries that other Arab nations could be affected are still casting a shadow but shares have moved well ahead of the 6,000 point mark. Oil prices are still an issue. Light crude rose to a 30-month high above $106 on Monday as civil war rages in Libya while reports t
Read moreLondon open: Sluggish start for Footsie
7th Mar 2011 08:32
London has made a slow start with concerns over the Middle East and North Africa adding to some mixed trading updates. Light crude rose to a 30-month high above $106 on Monday as civil war rages in Libya while reports that the unrest may have reached Saudi Arabia further added to the oil market's f
Read moreSunday newspaper round-up: Inflation, Barclays, BHP Billiton...
13th Feb 2011 11:14
Inflation is set to soar to 4% this week, increasing the chances of an early hike in interest rates and forcing the Bank of England to admit it has again underestimated the extent of rising prices. Economists expect the January inflation figures, unveiled on Tuesday, to show the Vat increase and ro
Read moreBurberry non-exec invests £60,000
11th Feb 2011 16:35
Burberry non-executive Stephanie George has bought £59,500 worth of shares in the luxury clothing company. George bought 5,000 shares at 1189.99p each. That price is just short of the 12 month high. This purchase follows the acquisition of 6,300 shares at 798.773p a share last July. That cost £1
Read moreFTSE 100 movers: Retailers on the slide
11th Feb 2011 14:13
Retailers are among the main fallers after some weekly sales figures from unquoted retailer John Lewis. Next, Marks & Spencer, Kingfisher and Burberry are all lower after underwhelming sales figures from the John Lewis. There was a 1% rise in sales in the week to February 5 from the same period l
Read moreBroker tips: Thomas Cook, Burberry, housebuilders
8th Feb 2011 13:01
The political unrest in Egypt and Tunisia has not prompted Nomura to change its positive stance on travel firm Thomas Cook as summer bookings remain encouraging. Thomas Cook warned Tuesday that recent turmoil will knock £20m from its profits this quarter. "Looking ahead, the situation is fast movin
Read moreBroker snap: Burberry underestimated
8th Feb 2011 12:47
RBS says "check in, not out" at luxury fashion label Burberry, as it believes the market underestimates its earnings potential. "We view Burberry's turnaround story and relative share price outperformance of 59.9% over the past year, led by chief executive officer Angela Ahrendts, as exceptional,"
Read moreWednesday tips round-up: Burberry, Pearson, Chemring...
19th Jan 2011 06:40
The extraordinary rise of Burberry, since the brand was reinvented and rescued from chavdom, appears to be accelerating. Like-for-like sales in the first half of the financial year were 9% ahead; in the third quarter, including Christmas, they were up 14%. The shares, below six quid at the start of
Read moreLondon close: Shares buoyant as updates impress
18th Jan 2011 16:42
The top share index closed near its highs, helped in part by well-received company updates. Burberry was in fashion after bumper demand for outdoor coats and other luxury accessories meant a storming third quarter for the luxury goods group, with revenue up by 30% and profits now set to hit the top
Read moreSector movers: Burberry lifts personal goods higher
18th Jan 2011 16:08
Personal goods is higher after bumper demand for outdoor coats and other luxury accessories meant a storming third quarter for Burberry with revenue up by 30% and profits now set to hit the top end of forecasts this year. Sales overall rose by 27% to £480m from £380m. Retail sales by 36% to £335m
Read moreLondon afternoon: Gains get trimmed
18th Jan 2011 14:35
Share prices came off the boil over the lunch time session though Footsie remains firmly in the red, as things continue to look rosier in the eurozone. Burberry is in fashion after bumper demand for outdoor coats and other luxury accessories meant a storming third quarter for the luxury goods group
Read moreFTSE 100 Movers: Burberry grows internationally
18th Jan 2011 13:15
Burberry is leading the market higher after strong third quarter figures. Revenue grew by 30% in the third quarter and full year profit is expected to be at the top end of market expectations. The growth is coming from around the world. Oil services provider Petrofac has won a $1.2bn oil field d
Read moreLondon open: Footsie back over 6,000
18th Jan 2011 08:49
Blue chips have rallied following a strong performance in Asia this morning, renewed demand for the miners and some good trading updates. Brewer SABMiller helped more drinkers in Africa and China quench their thirst during the third quarter, sending organic lager volumes up 3%. The owner of Peroni
Read moreBurberry storms forward in all regions
18th Jan 2011 07:29
Bumper demand for outdoor coats and other luxury accesssories meant a storming third quarter for Burberry with revenue up by 30% and profits now set to hit the top end of forecasts this year. "The Burberry team delivered a 30% increase in revenue in the third quarter, with strong, consistent growt
Read moreTuesday preview: SABMiller, Burberry, inflation
17th Jan 2011 15:40
A number of alcoholic drinks-related companies are due to release trading updates this week, and brewing giant SABMiller is first to the bar on Tuesday. The global operator recently advanced into territory dominated by the world's biggest brewer, Anheuser-Busch Inbev, with the purchase of CASA Isen
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