Burberry is set for strong sales growth October 10, 2010 LUXURY goods business Burberry is expected to report double-digit sales growth in its first-half trading update on Wednesday. The performance follows a strong first-quarter trading update and comes after a flurry of takeover speculation has boosted Burberry’s share price 17 per cent in the past month. The consensus forecast for the six months to September [...]
City honoured in the Queen’s birthday list June 12, 2011 BANK of England governor Mervyn King has topped a list of City figures recognised for their services to British business, banking and finance in the Queen’s birthday honours list. This year’s honours list is weighted heavily towards recognising the contribution of the City. This is partly due to it being seen as politically unpalatable for [...]
FTSE lifted by commodities and Man Group May 26, 2011 The FTSE rose today as commodity stocks received a lift while a series of positive corporate results helped to boost investor sentiment. As G8 leaders gathered in France with the future leadership of the IMF and the eurozone debt crisis at the heart of the talks, global markets regained some lost confidence. Investors once again [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 13, 2011 FINANCIAL TIMES LANSLEY TAKES NURSES’ MEDICINE A contrite Andrew Lansley promised nurses a larger role in the commissioning of healthcare after the Royal College of Nursing passed the first vote of “no confidence” in a health secretary in its history. Attending a “listening” exercise with 65 nurses on the fringe of the RCN’s annual congressl, [...]
FTSE buoyed by Glencore as IMF chief quits May 19, 2011 The FTSE 100 climbed this morning as commodities giant Glencore made its debut, helping to buoy European markets. But an announcement that IMF chief Dominique Strauss-Kahn was standing down over assault charges in the US was the talk of the markets as the hunt for a successor starts. The re-building of the eurozone’s finances was [...]
Ted Baker to open China store March 24, 2011 Fashion group Ted Baker is to follow other British brands into China, in an attempt to tap into the country’s growing appetite for luxury Western goods. The announcement came as the company posted healthy annual profit figures. For the year to 29 January the group reported a sales rise of 14.7 per cent to £187.7m. [...]
Burberry moves into direct sales September 21, 2010 Luxury retailer Burberry has created an iPad app to allow consumers to view and buy its latest clothing range live from the catwalk. Chief executive Angela Ahrendts would not be drawn on the potential revenue boost from the Retail Theatre scheme, but said the concept was part of a move towards the fashion brand embracing [...]
ANALYST VIEWS: WHAT DO YOU MAKE OF BURBERRY’S UPDATE? October 13, 2010 MANOJ LADWA | ETX CAPITAL Burberry reported a sparkling set of second quarter figures as demand for its goods continues to buck the general trend. Its decision to take control of its franchised stores in China could stand it in good stead going forward, as it seeks to capitalise in this area. KATHARINE WYNNE | [...]
Banks lead the FTSE to small gains as traders eye Eurozone May 25, 2011 BRITAIN’S top shares edged higher yesterday, led by banks on bargain hunting, but the prevailing mood was cautious with some analysts and traders pessimistic about the long-term prospects for equities. The FTSE 100 ended up 11.73 points, or 0.2 per cent, at 5,870.14 helped by some sense of relief that there was no deterioration in [...]
HSBC drags FTSE back as investors eye inflation forecasts May 11, 2011 Banking giant HSBC sapped some of the confidence from the blue chip index today as it announced that it was aiming to slash costs by £2.1bn. The news followed a bruising start to the week for banks who have already earmarked billions for potential payouts over dubious insurance protection sales. HSBC fell 1.3 per cent [...]