Burberry beats forecasts July 13, 2011 Burberry posted first-quarter sales slightly above forecasts as it raised expectations for its wholesale operations, bolstered by the Americas, emerging markets and travel retail. The British maker of raincoats and leather goods, identifiable by their camel, red and black check pattern, said Wednesday that revenue rose 34 per cent on a comparable basis to £367m, [...]
Derwent partners with Grosvenor in Hyde Park scheme March 1, 2012 PROPERTY firm Derwent London has set up a joint venture with Grosvenor Estates, London’s biggest landlord, to redevelop a 1.5 acre site at Hyde Park Corner into a £200m luxury scheme. The two are planning to turn 1-5 Grosvenor Place into a mixed-use development, which will include a five-star hotel as well as offices and [...]
Derwent partners with Grosvenor in Hyde Park scheme March 1, 2012 PROPERTY firm Derwent London has set up a joint venture with Grosvenor Estates, London’s biggest landlord, to redevelop a 1.5 acre site at Hyde Park Corner into a £200m luxury scheme. The two are planning to turn 1-5 Grosvenor Place into a mixed-use development, which will include a five-star hotel as well as offices and [...]
Energy stocks lift FTSE March 26, 2012 Energy stocks gave the FTSE 100 index renewed impetus in early trading but gains were limited by weaker miners and banks. Fears over China’s growth are still casting a shadow over commodity stocks while banks are still struggling to maintain upward momentum. Aberdeen Asset Management was the top riser, up 2.4 per cent as the [...]
BEST OF THE BROKERS January 11, 2012 INCHCAPE JP Morgan rates the car distributor and retailer as “overweight” with a target price of 440p, and says the company’s shares have fallen too far from their high of 425p in July 2011. The broker sees the discount of 18 per cent to the wider retail sector in 2012 as unjustified, given Inchcape’s wide [...]
Burberry faces investor revolt July 5, 2011 Luxury goods retailer Burberry is facing a revolt over executive pay after lobby group Pirc urged investors to vote against remuneration plans. The organisation, which advises pension funds and asset managers, described pay rewards for top executives as “excessive”. Chief executive Angela Ahrendts was paid £5.8m in shares last year, equivalent to nearly six times [...]
Forget the Kate Effect: we need Maggie Power January 24, 2012 IT’S a very dreary landscape out there right now for retailers. Unless, of course, you happen to be one of the lucky few – Burberry is one such brand. It can do no wrong, it seems, and never less so than when the Duchess of Cambridge is seen sporting its togs. After being spotted wearing [...]
Forget the Kate Effect: we need Maggie Power January 24, 2012 IT’S a very dreary landscape out there right now for retailers. Unless, of course, you happen to be one of the lucky few – Burberry is one such brand. It can do no wrong, it seems, and never less so than when the Duchess of Cambridge is seen sporting its togs. After being spotted wearing [...]
Asia boosts Burberry’s first quarter July 13, 2011 SHARES in Burberry leapt to yet another record-high yesterday after the British luxury brand reported a 34 per cent underlying growth in quarterly sales. The fashion house outshone market expectations, posting revenues of £367m for the three months to 30 June, with Asian countries leading the growth. Sales from Burberry’s retail operations, which make up [...]
Miners fuel FTSE gains after China boost January 17, 2012 THE FTSE 100 was up this morning as better-than-expected economic data from China offset the damage caused to investor sentiment by S&P’s downgrade of the Eurozone’s rescue fund. China’s gross domestic product grew at an annual rate of 8.9 per cent from 9.1 per cent in the previous quarter, beating expectations for a 8.7 per [...]