Burberry on track to open new stores May 26, 2010 BURBERRY is stepping up its expansion plans after a surge in profits. The fashion house – famous for its check designs – said yesterday it will open between 20 and 30 stores this year as it posted pre-tax profits of £215m for the 12 months to the end of March. That was up 23 per [...]
Burberry profit up 23pc May 26, 2010 LUXURY goods group Burberry beat forecasts with a 23 per cent rise in annual profit – fuelled by strong sales of coats and leather goods. Profit before tax and one-off items was £215m in the year ended 31 March. Sales rose seven per cent to £1.28bn. The company said it would almost double capital spending [...]
FTSE closes the week on a high January 21, 2011 ENERGY stocks led the FTSE into a rebound today following the sharp sell-offs seen in the past two days’ sessions. The FTSE 100 closed up 28.34 points, or 0.5 per cent, at 5,896.25, having hit a five-week closing low on Thursday. Royal Bank of Scotland was by far the biggest riser, up 6.5 per cent [...]
FTSE hits 31-month high on first close of 2011 January 4, 2011 LONDON saw a storming start to 2011 as the FTSE moved above the 6,000 level in the year’s first trading session to close at a 31-month high. The FTSE 100 moved up 1.9 per cent or 113.93 points to close at 6,013.87, its highest level since June 2008, buoyed by rises on US and European [...]
All cosied up? Time to drink yourself warmer November 29, 2010 THE next best thing to snuggling up in a woolly jumper or – if you’re a City A.M. reader, perhaps a Burberry snood – is a warming tipple. We’ve carefully combed the options to find the best ones near you. CITY Five hot cocktails are on offer at the Folly and the Anthologist near Bank, [...]
All cosied up? Time to drink yourself warmer November 29, 2010 THE next best thing to snuggling up in a woolly jumper or – if you’re a City A.M. reader, perhaps a Burberry snood – is a warming tipple. We’ve carefully combed the options to find the best ones near you. CITY Five hot cocktails are on offer at the Folly and the Anthologist near Bank, [...]
Burberry raises profit forecast April 20, 2010 BURBERRY has reported a 14 per cent rise in second-half retail sales and raised its forcecast for the full year. The company new expects to deliver pre-tax profits of over the £200m figure predicted. Sales of spring lines have helped to trigger the rise. Second-half total sales in the six months to 31 March, rose [...]
Bulgari MBA is the first of a new generation February 16, 2011 LUXURY brands are brilliant at marketing themselves, so perhaps it was only a matter of time before one put its name on an MBA. But the news that Italian luxury goods firm Bulgari has teamed up with Bocconi business school in Milan may raise a few well-plucked eyebrows. In the next cohort of MBA students, [...]
FTSE treads water as fears over European debts weigh December 16, 2010 BRITAIN’S top shares closed little changed yesterday as persistent concerns over Europe’s debt problems capped moves on the upside while BP fell after the US government launched a lawsuit over the Gulf oil spill. The FTSE 100 ended down 1.06 points at 5,881.12. The index ebbed away from an intra-day high of 5,907.10, with analysts [...]
RUBENS AND CHARLES I WATCH LUXURY GONGS November 15, 2010 THE great and good of the British luxury brands industry gathered for one of the biggest events of the year last night, as its lobbying group, Walpole, held its annual awards. In Whitehall’s Banqueting Hall, under the glow of a delicately lit ceiling of Rubens masterpieces and near the site where King Charles I was [...]