Burberry, Mitie, Bovis Homes: Best of the Brokers for 25 November 2015 November 25, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com BURBERRY Nomura has downgraded Burberry from “buy” to “neutral” and reduced its target price from 1,700p to 1,500p in a detailed note on the firm’s outlook. It said Burberry’s expectations of returning to mid-single-digit growth in the second half look ambitious given [...]
LFW Autumn-Winter ’16: Who are the London Fashion Week brands to bank on? How share prices for Marks & Spencer, Burberry and Mulberry are shaping up ahead of the the shows February 14, 2016 In a little over four days time, London will be buzzing with trendsetters as Fashion Week arrives in the capital. But, apart from rerouting your commute so it doesn't head through Soho, what does this mean for the average City A.M. reader? Here's a run down of the business news you need to know for some [...]
Interiors: Embark on a ‘tipples and trees’ tour to get festive inspiration from London’s hotels and restaurants December 5, 2016 Now the merry month of December is upon us it’s time to fire up the festive spirit and prepare to entertain descending hordes of relatives. But what to do with them? A Christmas-themed afternoon tea or a festive cocktail at one of London’s landmark venues is a surefire way to impress. This time of year, [...]
A bad start to the year for Sainsbury’s, Anglo American, Aberdeen Asset Management and Burberry, who top the list of most shorted shares of 2016 January 5, 2016 Sainsbury's yesterday revealed it had made an approach to takeover Home Retail Group, the owner of Argos and Homebase, in a bid to reverse its faltering fortunes. The report came as the extent of the Big Four supermarket’s woes were laid bare by new data revealing that its shares were the most shorted on the [...]
The biggest Christmas adverts of 2015: From John Lewis’ Man on the Moon and Sainsbury’s Mog the Cat to Justino, Warburtons and Burberry December 3, 2015 John Lewis and Sainsbury’s have tussled over our affections pitting Man against Cat in their bid to create this year’s most heartwarming Christmas advert, with the retail giant's tear-jerker finally beating the supermarket's more upbeat offering. Sainbury’s Christmas advert featuring Mog the Cat was quickly crowned 2015’s winner by City A.M.’s own reviewer, who praised [...]
Ex-Dior designer Raf Simons crowned chief creative officer of Calvin Klein August 2, 2016 Ex-Dior designer Raf Simons has been appointed as chief creative officer of US fashion house Calvin Klein. Simons left Christian Dior last October after three years heading up the iconic French brand. Read more: Burberry has just moved further into the Chinese market In a statement on Facebook, Calvin Klein said: "Mr Simons will lead the [...]
Week ahead: Fashion retailers and builders are in the spotlight July 11, 2016 Alongside the Bank of England’s first meeting after the UK voted to quit the European Union it will be a busy week of corporate numbers. Bank of England officials announce their monetary policy decision on Thursday and many economists are expecting a loosening of interest rates. The FTSE 100 rose to its highest level in [...]
Luxury brands must adapt to slower growth, warns Italian designer label boss June 19, 2016 The boss of one of Italy's leading luxury goods makers has warned there will be no let-up in the sector's slowdown, a scenario which firms must adapt to. Speaking before the Salvatore Ferragamo menswear show at Milan Men's fashion week, chief executive Michele Norsa told Reuters: "Growth will not be as strong as in past years, when the Chinese [...]
Luxury stocks including LVMH, Burberry and Kering have fallen out of favour: These days, it’s all about the stratospheric rise of Greggs’ sausage rolls December 22, 2015 Is this the end of luxury? It's certainly been a tough year for the most luxurious of brands, thanks in part to the slowdown in China, one of the fastest growing consumer markets. Options trader Banc de Binary has tracked the performance of some of the most high-end brands, including Kering, which owns Gucci, Balenciaga and [...]
Better Capital boss Jon Moulton on Brexit, his firm’s exit and why he still hasn’t forgiven Liam Fox January 16, 2017 Bald, bold and bespectacled, private equity veteran Jon Moulton has had more than his fair share of knocks as well as high points during a long career. He was branded the Christmas Scrooge in December 2014 when City Link collapsed into administration leaving nearly 2,700 jobs at risk. “We made a very bad decision to [...]