Men’s fashion: travel in style May 28, 2014 Billionaire Couture suit, £2,135 and shirt, £350, both at billionairecouture.com; Berluti shoes, £2,700, 43 Conduit Street W1S2YJ; Carven jacket, £775, 85 Pelham Street, SW7 2NJ; Tumi bag, £695, 211 Regent Street, W1 Dolce and Gabbana jacket, €1,852, waistcoat, €416 and trousers, €343, all available at dolcegabbana.com; Oliver Brown shirt, £65, oliverbrown.org.uk; Hermès bag, [...]
Burberry shares slide after chief warns on China October 7, 2013 SHARES in Burberry plunged yesterday after the brand’s chief executive stressed that the slowdown in China could be more than a passing phase for the luxury sector. The Chinese economy’s growth this year looks set to meet the government’s 7.5 per cent target. However, that would still represent the slowest pace of expansion in 23 [...]
Burberry chief executive to miss out on £18m in share awards October 20, 2013 DEPARTING chief executive Angela Ahrendts will waive her rights to a long-term incentives worth £18m when she leaves the fashion retailer to join Apple. Ahrendts was entitled to share awards worth £7.6m this year and an additional £4.6m next year from Burberry. Ahrendts already owns £6.5m shares of Burberry, where she has worked for eight [...]
London report: Housing data to show soaring market levelling July 6, 2014 Housing prices are likely to be in focus this week, as two surveys show prices are still rising, though the market is levelling off. The RICS survey, published today, is expected to show less growth than in past months. Barclays’ Armela Mancellari said: “We expect the overall balance to have edged down [...]
Best of the Brokers for 20 May 2014 May 19, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com AVEVA Westhouse has started covering the engineering and design group with a “neutral” rating and 2,260p target price. The broker reckons Aveva is well-equipped for steady growth in both of its businesses, but believes the shares are fairly valued already. BURBERRY Barclays keeps [...]
A digital billboard revolution: The top out-of-home advertising sites changing the face of London November 2, 2014 In creative terms, advertising mediums can be split into “hot” and “cool” media. This distinction was first put forward by Canadian media critic Marshall McLuhan 50 years ago. The difference is that hot media grabs you, whereas people actively choose to get involved with cool media – the audience does the grabbing. Print, cinema, [...]
Handbags at dawn: City ladies go gaga over designer arm candy June 26, 2014 RBS’ atrium became a flurry of activity last night as it hosted the annual Bag Ladies event, which saw handbags from the likes of Anya Hindmarch, Victoria Beckham and Burberry go under the hammer in aid of the British Association for Adoption and Fostering. Supported by RBS and run by ex-JP Morgan Cazenove comms director [...]
London Report: Cheer for UK as real pay up and inflation falling April 14, 2014 BRITAIN’S economy is set to put the recession firmly behind this week with news of the first real wage growth in four years and falling unemployment. Inflation and unemployment data are expected to show wage growth in March beating inflation. Capital Economics’ Paul Hollingsworth said: “The latest earnings data should show that the squeeze on [...]
Double trouble: Investors wipe millions from Invesco and Burberry as star names quit October 15, 2013 TWO of the City’s biggest names shocked investors yesterday by stepping down from their jobs, leaving gaping holes at the top of multi-billion pound firms. Invesco’s star fund manager Neil Woodford announced he would leave the company next year after more than two decades, while Burberry chief executive Angela Ahrendts has spectacularly quit the luxury [...]
London Report: FTSE ends on a high on strong economic data July 2, 2014 Britain’s top share index hit a one-week high yesterday, with upbeat economic data from the US and China improving investor sentiment and boosting cyclical sectors such as banks and miners and carmakers. The FTSE 100 index closed 0.2 per cent firmer at 6,816.37 points, after climbing to a high of 6,829.49, the highest level since [...]