Checking out: Are the Burberry short-sellers short-sighted? May 17, 2016 Investors are not feeling too hot about trenchcoat-maker Burberry today, with its stock among the most heavily shorted ahead of eagerly anticipated results out tomorrow morning. According to financial data providers, Markit, around seven per cent of the company's shares were out on loan to those hoping to cash in from a short-term fall in [...]
How British designers like Burberry, Paul Smith and Alexander McQueen influenced the design of stunning flats at One Tower Bridge July 14, 2016 July sunshine and the smell of newly mown grass hit me as I stepped out of the latest show apartment at One Tower Bridge on Monday morning. How evocative of a British summer at its best. Built by Squire and Partners for Berkeley Homes, it is this, the development’s iconic location on the south bank [...]
Burberry’s share price jumps as mystery investor shops at the luxury group March 8, 2016 Burberry lead the FTSE 100 this morning after reports last night that a mystery investor has built up a five per cent stake in the luxury goods company. Regulatory filings show that the shareholder's stake went over the five per cent disclosure threshold on 11 February, with HSBC acting on behalf of the investor. A separate [...]
Burberry share price jumps as firm reports like-for-like sales down three per cent with retail revenue unchanged at £242m July 13, 2016 Luxury retailer Burberry has reported unchanged revenue for the three months to 30 June, amid a "challenging" trading environment – and analysts say the British designer is still too reliant on the Chinese market. Shares in the company were up 4.8 per cent in early trading. [stockChart code="BRBY" date="2016-07-13 14:41"] The group posted a [...]
Burberry checked: Luxury retailer set to report seven per cent profit drop May 15, 2016 Luxury retailer Burberry will reportedly announce a dramatic reduction in annual profits this week. According to The Sunday Times, the firm is likely to report a 7 per cent drop in profits to £415m for the year to the end of March, with Burberry chief executive Christopher Bailey likely to unveil a raft of cost-cutting measures. It comes [...]
Who exactly is Charlotte Hogg? February 28, 2017 Chancellor Philip Hammond last month announced Charlotte Hogg’s appointment as deputy governor for markets and banking at the Bank of England, effective as of today. She will also become a member of the Monetary Policy Committee (MPC), Financial Policy Committee (FPC) and Prudential Regulation Committee (PRC) Hogg started her career at the Bank of England [...]
Burberry to axe its headcount as it warns of “challenging environment” that has sent profit and revenue lower May 18, 2016 Luxury retailer Burberry will cut jobs over the next three years as part of its turnaround plan. Chief financial officer Carol Fairweather said “some headcount reduction” would take place but declined to comment on specific numbers or where in the business the cuts would come. The company is targeting £100m of cost savings over the next three years. Burberry's share price [...]
Brexit vote boosts Hugo Boss January 16, 2017 Hugo Boss has staged a partial recovery thanks to a sales boost in Britain and China. The German fashion house said its operating profit for 2016 will fall less than expected due to a 20 per cent increase in like-for-like sales in China in the fourth quarter, and a two per cent increase in Europe, which was [...]
Jaeger is officially up for sale, confirms private equity guru Jon Moulton March 5, 2017 Struggling retail chain Jaeger is up for sale, private equity veteran and Better Capital boss Jon Moulton has confirmed. Moulton told City A.M. that a sale "process is under way" with "a considerable number" of buyers having approached him already. Better Capital has hired AlixPartners to advise over the sale of the 133-year-old fashion brand. The [...]
FTSE clings on to 2016 high, despite poor results from Burberry and Persimmon April 14, 2016 It went down, then up, then did it all again, but the FTSE 100 managed to cling on to its 2016 high day in a confusing day of trading, closing at 6,363 – up 0.01 per cent. Despite the tiny move higher, the biggest stories came from the losers. Housebuilder Persimmon was on shaky foundations at its [...]