Goldman downgrades Burberry, slashes price target
15th Jan 2024 11:31
(Sharecast News) - Luxury fashion brand Burberry slumped on Monday after Goldman Sachs downgraded the shares to 'neutral' from 'buy' and slashed the price target to 1,663p from 2,345p.
Read moreLondon close: Stocks rise on positive UK economic data
12th Jan 2024 15:39
(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.
Read moreBurberry cuts guidance, profits to fall by at least 27%
12th Jan 2024 07:14
(Sharecast News) - British high-end fashion group Burberry has delivered a significant profit warning on the back of the well-cited slowdown in luxury demand, which has rocked the industry over recent months.
Read moreLondon close: Stocks fall amid rising geopolitical concerns
3rd Jan 2024 17:48
(Sharecast News) - London stocks closed lower on Wednesday - the 40th anniversary of the FTSE 100's launch - as sentiment remained cautious due to increasing tensions in the Middle East.
Read moreLondon open: Gains modest but stocks rise to seven-month high
29th Dec 2023 07:59
(Sharecast News) - UK stocks edged higher to a seven-month high on Friday morning, though gains were likely to be limited in a shortened trading session ahead of the New Year's break.
Read moreLondon close: Stocks manage gains amid holiday slowdown
19th Dec 2023 15:02
(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.
Read moreDeutsche Bank slashes Burberry estimates on weaker demand outlook
7th Dec 2023 10:28
(Sharecast News) - Deutsche Bank has slashed target prices across the luxury sector, including for UK-listed Burberry, warning that demand is like to "remain challenging" in early 2024.
Read moreLondon close: Stocks slip after mountain of broker notes
28th Nov 2023 15:30
(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.
Read moreHSBC cuts Burberry price target, lifts Watches of Switzerland
28th Nov 2023 08:15
(Sharecast News) - HSBC cut its price target on Burberry on Tuesday but lifted it for Watches of Switzerland as it took a look at the European luxury goods sector.
Read moreRBC Capital cuts Burberry price target after sales warning
17th Nov 2023 07:33
(Sharecast News) - RBC Capital Markets cut its price target on Burberry on Friday to 1,700p from 1,900p after the luxury fashion brand's sales warning a day earlier.
Read moreSector movers: Stocks slip amid poor company results on either side of the Pond
16th Nov 2023 16:25
(Sharecast News) - Stocks gave back some ground on Thursday, partly due to many names going ex-dividend, but the downdraft in shares of Burberry highlighted the difficult trading conditions faced by some companies operating in China and the U.S., the world's two largest economies.
Read moreLondon close: Stocks sink after three days of gains
16th Nov 2023 15:45
(Sharecast News) - London markets ended in negative territory on Thursday, reversing a three-day winning streak.
Read moreBurberry hit by luxury slowdown as China sales drop in Q2
16th Nov 2023 07:20
(Sharecast News) - British high-end fashion giant Burberry has warned that the slowdown in luxury demand is having an impact on current trading and could affect full-year sales, as it reported a huge deceleration in sales growth in the first half.
Read moreThursday preview: Philly Fed index, Fedspeak and Burberry in focus
15th Nov 2023 12:09
(Sharecast News) - Investors' attention on Thursday will be trained on the U.S. where raft of economic indicators were due out.
Read moreLondon close: Stocks weaker amid Gaza tensions, hot US producer prices
11th Oct 2023 15:01
(Sharecast News) - Stocks in London ended in the red on Wednesday, impacted by heightened concerns regarding global inflation and ongoing situations in the Middle East.
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