|Bid||1,744.00 x 123800|
|Ask||1,745.00 x 230600|
|Day's range||1,729.00 - 1,765.00|
|52-week range||1,618.50 - 2,338.00|
|Beta (3Y monthly)||1.59|
|PE ratio (TTM)||21.32|
|Earnings date||16 May 2018 - 21 May 2018|
|Forward dividend & yield||0.42 (2.51%)|
|1y target est||1,915.22|
Italy's Prada will stop using animal fur in its products from the 2020 women's spring-summer collections to be presented in September, the luxury group said on Wednesday. The decision is part of a wider trend among fashion brands to champion ethical and sustainable policies in a bid to win over environmentally-savvy younger customers. In September, London Fashion Week declared itself fur-free for the first time, just a few days after a similar announcement from Britain's Burberry.
Burberry shrugged off any impact from a U.S.-China trade war at its full-year update on Thursday, but weak sales in Asia sent shares of the luxury-goods group tumbling.
Manika Premsingh believes Burberry Group plc’s (LON:BRBY) share price decline is a good reason to consider buying it, given its long-term potential.
By Muvija M and Yadarisa Shabong (Reuters) - Rallying banks and mining stocks lifted Britain's FTSE 100 on Thursday, but weak earnings hit luxury brand Burberry (BRBY.L) and Thomas Cook (TCG.L) was floored ...
Investors in Burberry have yet to see if new designer Riccardo Tisci's ranges are a hit with customers and will boost profits after the luxury brand said on Thursday its full-year results missed expectations. Chief Executive Marco Gobbetti said Tisci's first two collections and limited edition drops of products on social media had built "brand heat" for the 163-year-old British label. "We need to get the products in the stores to start to see the reaction of customers," Gobbetti told reporters.
G A Chester weighs up the valuation and prospects of a FTSE 100 (INDEXFTSE:UKX) stock that's fallen heavily after its results today.
If you think you'll struggle to get by on £168.60 a week in retirement, you'll want to read this.
The midcaps gave up 1.3 percent, lagging the main index, whose losses were capped due to gains across so-called defensive stocks, which are deemed safer bets at times of economic troubles. U.S. President Donald Trump late on Wednesday accused China of breaking the deal they had reached in trade talks, while a rise in U.S. tariffs is set to be triggered on Friday. The U.S. is set to up the ante ... and that has prompted dealers to cut and run," CMC Markets analyst David Madden said.
Strong results from Shell and Smith & Nephew capped losses, but the FTSE 100 was still held to a one-month low, falling 0.5 percent. The FTSE 250 was 0.6 percent lower. Sterling had initially gained on upbeat Brexit sentiment, but its rise was halted after the Bank of England voted unanimously to keep interest rates steady and warned Brexit continued to cloud the outlook for monetary policy.
These two FTSE 100 (INDEXFTSE: UKX) market leaders can continue to produce returns for investors for years to come, argues Rupert Hargreaves.
LVMH shares hit a record high on Thursday and buoyed those of rivals after the Louis Vuitton owner posted strong first-quarter sales and said that demand for its handbags and high-end fashion had picked up in mainland China. The group, which owns other labels including Christian Dior and Krug champagne, is setting a high bar for rivals chasing the same clientele, though not all are benefiting equally as Chinese spending shifts from overseas shopping capitals to home. LVMH's solid momentum, however, was still sufficient to lift stocks across the sector despite fears of a souring Chinese economy.
The FTSE 250 bounced 1.2 percent - its biggest rise in two-and-a-half months - for a fifth straight session of gains, while the FTSE 100 added 0.4 percent and ended the session at its highest level since early October. Prime Minister Theresa May said on Tuesday said she would seek another Brexit delay beyond April 12, hoping to try to agree a European Union divorce deal with the opposition Labour leader. "None of this guarantees Britain won't bumble out of the EU sans deal, especially given the frothing fury May's cross-party olive branch has caused among the hard right of her Tory party," said Spreadex Analyst Connor Campbell.
The FTSE 100 ended 0.5 percent higher after rallying as much as 1 percent with gains capped due to investors shunning defensive stocks, and the midcaps added 0.6 percent. UK markets joined a global rally sparked by data showing Chinese factory activity grew for the first time in four months in March, as well as hopes of a resolution to a prolonged trade dispute between Washington and Beijing. Also driving sentiment was a survey that showed UK manufacturing growth at an unexpected 13-month high last month as the country stockpiles for Brexit.
The FTSE 100 edged 0.1 percent higher and the FTSE 250, which is more domestically focussed, was up by 0.6 percent at 0940 GMT. Barclays, Royal Bank of Scotland and Lloyds were all higher with CMC Markets analyst Michael Hewson attributing gains to hopes that MPs could agree a possible next course of action which could lead to a softer Brexit. Prime Minister Theresa May is also set to address her Conservative MPs, possibly to set out a timetable for her departure to win parliamentary support for her controversial Brexit deal after being heavily defeated twice in parliament.
Britain's luxury sector, including names such as fashion house Burberry and car maker Bentley, could lose up to 6.8 billion pounds in exports a year if the world's fifth largest economy crashes out of the European Union without a deal, research commissioned by the sector indicated. The United Kingdom's tortuous crisis over EU membership is approaching its finale with an extraordinary array of options including a delay, a last-minute deal, a no-deal Brexit, a snap election or even another referendum. Research commissioned by Walpole, the lobby group for the luxury industry, indicated that up to a fifth of British luxury exports would be at risk if the United Kingdom left without a deal on March 29.
German fashion house Hugo Boss said it expected its operating profit to rise faster than sales in 2019, predicting strong momentum in its online business and Asia. Known for its smart men's suits, Hugo Boss has introduced more casual and sportswear styles to appeal to a younger audience and invested heavily in its online offer after a bid to go upmarket backfired a few years ago. "We are ensuring profitable growth in 2019 and beyond.
The FTSE 100 gained for the fourth straight session and closed 0.2 percent higher, while the FTSE 250 was 0.4 percent lower as a weaker pound weighed. British American Tobacco advanced 5.2 percent to a near four-month high and Imperial Brands rose 1.3 percent after U.S. FDA Commissioner Gottlieb, who strove to curb use of flavoured e-cigarettes, said he would step down next month.
The FTSE 100 added 0.5 percent, as a steep fall in information and analytics provider Relx curbed gains in the index, while the FTSE 250 bounced 1.1 percent to levels not seen since early November. "I think the market is progressively anticipating a compromise (on Brexit) ... I remain optimistic regarding the pound and more domestic UK shares," Raymond James analyst Chris Bailey said. WPP, the world's biggest advertising company, jumped 5 percent on its best day in nearly a year after results showed that although underlying net sales fell 0.4 percent in 2018, it was better than a forecast of a 0.5 percent dip.
Burberry Group Plc (Frankfurt: BB2A.F - news) creative head Riccardo Tisci went back to his fashion-student days in 1990s London for his second catwalk show for the luxury label on Sunday, presenting a collection he said looked at Britain as a country of contrasts. Presenting an Autumn/Winter 2019 line entitled "Tempest", the Italian designer dressed models, including Gigi Hadid and Natalia Vodianova, in streetwear as well as the British brand's traditional more elegant day and evening outfits. Two rooms, with different music including thumping rap, instrumental and snippets of news bulletins, added to the idea of contrasts in the show, which began with the edgy looks of oversized puffer and quilted jackets, loose polo shirts, corset tops, slip dresses and loose tracksuit-like trousers.
The FTSE index increased 0.8 percent after touching its highest level since Oct. 10, handily outperforming its European peers, while the midcaps were also up 0.8 percent. British lawmakers will face a choice between Prime Minister Theresa May's divorce deal or a long extension to the March 29 deadline for leaving the European bloc, May's chief Brexit negotiator Olly Robbins was overheard saying in a Brussels bar.