THE TIPSTER November 14, 2011 THE London Stock Exchange has been finding things tough recently battling against protesters sitting outside its head office and the prospect of a Europe-wide financial transaction tax. On top of this, several failed mergers and takeovers of the exchange have left it in a tricky position when compared to the competition. On Wednesday it releases [...]
FTSE breaks through 5,900 mark on Greek bailout deal February 13, 2012 BRITAIN’S leading shares index closed higher yesterday, led by commodity and financial stocks, after Greece moved a step closer to securing an international bailout and avoiding a messy default. At the close, the FTSE 100 index was up 53.31 points, or 0.9 per cent, at 5,905.70, in volume just 70 per cent of the 90-day [...]
Burberry sees profits surge as Asia booms May 26, 2011 BURBERRY is stepping up spending on new stores to cash in on a boom in demand for luxury goods in Asia as it met forecasts with a 39 per cent jump in full-year profit. Profit for the 12 months to the end of March were £296m with revenues up 27 per cent to £1.5bn. The [...]
ANALYST VIEWS: IS THERE MORE GROWTH TO COME FROM BURBERRY? May 26, 2011 FRASER RAMZAN | NOMURA Consistent delivery by Burberry management has seen earnings per share upgraded and the stock re-rate as such accelerated investment should be seen as a potential net positive for the medium term growth rate of the business. The decision to invest further makes strategic sense in our view. RICHARD HUNTER | HARGREAVES [...]
Burberry fast tracks expansion plan as profit soars May 26, 2011 Burberry is stepping up spending on new stores and upgrading existing ones to cash in on a boom in spending on luxury goods, it said as it met forecasts with a 39 per cent leap in annual profit. The British maker of raincoats and handbags, best known for its camel, red and black check pattern, [...]
FTSE steady as investors eye US jobs data January 6, 2012 The FTSE 100 was steady in early trading with media and telecoms gains offsetting weak financial services and retail sectors. Investors were focusing on US jobs data out later while the Eurozone debt crisis continued to dampen sentiment. Analysts’ fears that Eurozone countries and banks could struggle to tap markets for capital this year continue [...]
Spirits dampened by struggles in Asia but strong sales should boost morale October 9, 2011 THERE’S no need to panic just yet. Shares in Burberry may be down 25 per cent over the past ten days alone, but the drop is put into context by the massive 900 per cent they’ve risen since their lowest point during the 2008 crisis. And rather than retreating at the first sign of a [...]
Spirits dampened by struggles in Asia but strong sales should boost morale October 9, 2011 THERE’S no need to panic just yet. Shares in Burberry may be down 25 per cent over the past ten days alone, but the drop is put into context by the massive 900 per cent they’ve risen since their lowest point during the 2008 crisis. And rather than retreating at the first sign of a [...]
Burberry on expansion trail April 19, 2011 FASHION company Burberry said yesterday it would expand its store space by ten per cent after it produced another set of stellar results. Its revenues soared by 32 per cent in the three months to March and Burberry said profit for the full-year would be at the top end of expectations. Burberry has been boosted [...]
THE WEEK AHEAD November 13, 2011 COMPANY NEWS ● Today, Electrocomponents announces its results for the half year ended 30 September. The Oxford-based company is the world’s largest distributor of electronics and maintenance products and will be hoping that there are no blown fuses over the results. ● Lonmin, the platinum producer with the bulk of its operations in South Africa [...]