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Burberry Group plc (BRBY.L)
- Fool.co.uk
Stock market melt-up! I’d buy these 2 UK shares for the next stage of the recovery
These two UK shares have been hit by the lockdown, but today's updates show they are fighting back and I would consider buying them as markets recover. The post Stock market melt-up! I’d buy these 2 UK shares for the next stage of the recovery appeared first on The Motley Fool UK.
- Reuters
Britain's Burberry turns younger, urban heads to salvage sales
Younger and urban customers helped return Burberry to growth in October, with the British luxury brand's comparable quarterly store sales falling by less than expected despite the ongoing effects of the coronavirus crisis. Burberry was hit hard by the COVID-19 pandemic in its first-quarter, with 60% of stores closed at the peak and sales falling 45%, but said on Thursday they had rapidly bounced back as it attracted new buyers for its brand. "We adapted quickly to this new trading environment and since July we have seen a rapid recovery in sales," Burberry Chief Financial Officer Julie Brown told reporters.
- Yahoo Finance UK
What to watch: ITV slides with FTSE, pound sinks on economic woes and Burberry hit by COVID-19
Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world.
