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Burberry

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Reuters - 36 minuti fa

Prada sinks to 5-month low amid weakness in key luxury groups

BUZZ-Prada sinks to 5-month low amid weakness in key luxury groups ** Shares of Italian luxury group Prada 1913.HK drop 5.6% to HK$51, lowest since Feb. 16, tracking weakness in the performance of global luxury firms ** Prada stock on track for biggest one-day pct drop since Nov. 17 if trend holds ** German fashion house Hugo Boss BOSSn.DE on Monda
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Reuters - 2 ore fa

Weak China demand hurts sales at luxury goods firm Richemont

UPDATE 2-Weak China demand hurts sales at luxury goods firm Richemont Updates throughout with details, quotes ZURICH, July 16 (Reuters) - Sales at luxury group and Cartier owner Richemont CFR.S were almost unchanged in the three months through June, the company said on Tuesday, as a sharp drop in Chinese demand clouded the overall result, pushing it just below expectations.
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Reuters - 2 ore fa

Powell and Trump command market attention

LIVE MARKETS-Powell and Trump command market attention Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com POWELL AND TRUMP COMMAND MARKET ATTENTION Fed Chair Jerome Powell's sort of dovish comments have cemented an interest rate cut in September, at least in markets' eyes, with the prospect of Donald Trump making a return to White House keeping trades associated with it in play and
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Reuters - 2 ore fa

Richemont says quarterly sales up 1% at constant exchange rates

Richemont says quarterly sales up 1% at constant exchange rates ZURICH, July 16 (Reuters) - Luxury group and Cartier-owner Richemont CFR.S reported a 1% rise in sales at constant exchange rates in the three months through June, though they were down 1% at current exchange rates, the company said on Tuesday. "At constant exchange rates, sales in the quarter ended 30 June 2024 rose by 1% to 5.3 billion euros ($5.77 billion), after growing by 19% in the prior-year period, demonstrating the Group's
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Reuters - 3 ore fa

Powell and Trump command market attention

MORNING BID EUROPE-Powell and Trump command market attention A look at the day ahead in European and global markets from Ankur Banerjee Fed Chair Jerome Powell's sort of dovish comments have cemented an interest rate cut in September, at least in markets' eyes, with the prospect of Donald Trump making a return to White House keeping trades associated with it in play and on investor minds.
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Reuters - 5 ore fa

Financial Times - July 16

PRESS DIGEST- Financial Times - July 16 July 16(Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - UK green taxes on electricity bills deter EV take-up, say energy suppliers - Boutique bank founded by Goldman dealmakers aims for UK expansion - Burberry replaces chief executive and warns on profits - Airbus and Thales explore space tie-up Overview - British power suppliers EDF Energy and Oc
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Reuters - 5 ore fa

British Business - July 16

PRESS DIGEST-British Business - July 16 July 16 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British luxury label Burberry BRBY.L has replaced Jonathan Akeroyd, its chief executive, with Joshua Schulman and axed its dividend after issuing the latest in a series of profit warnings.
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Reuters - 10 ore fa

Stocks, Treasury yields gain as odds of Trump win increase

GLOBAL MARKETS-Stocks, Treasury yields gain as odds of Trump win increase Dow registers record high close PredictIt shows increased chance of Republican win Crypto stocks higher Updates to 5:00 p.m. (2100 GMT By Caroline Valetkevitch NEW YORK, July 15 (Reuters) - World stock indexes and Treasury yields rose on Monday as investors weighed the prospect of Republican Donald Trump winning the U.S.
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Reuters - 12 ore fa

Stocks, Treasury yields gain as investors assess prospect of Trump win

GLOBAL MARKETS-Stocks, Treasury yields gain as investors assess prospect of Trump win Dollar dips, bond yields up after Trump attack PredictIT shows increased chance of Republican win Crypto stocks higher Updates to 3 p.m. ET/1900 GMT By Caroline Valetkevitch NEW YORK, July 15 (Reuters) - World stock indexes and Treasury yields rose on Monday while the dollar dipped as investors weighed the prospect of Republican Donald Trump winning the U.S.
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Reuters - 13 ore fa

US luxury firms fall after Burberry warns of operating loss in first half of 2024

BUZZ-US luxury firms fall after Burberry warns of operating loss in first half of 2024 ** Shares of U.S. luxury companies fall in afternoon trading after British luxury group Burberry BRBY.L expects to post operating loss for 1H24 ** BRBY also to miss annual profit forecasts prompting it to suspend dividend payments ** Company sacks its CEO and nam
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Reuters - 15 ore fa

FTSE 100 ends lower on Burberry profit warning, US political worries

UPDATE 1-FTSE 100 ends lower on Burberry profit warning, US political worries For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 down 0.9%, FTSE 250 off 0.1% Burberry falls to 14-year low after profit warning Robert Walters dips after fall in quarterly net fees British CPI data on tap Updated at 1558 GMT By Purvi Agarwal and Roshan Abraham July 15 (Reuters) - Britain's FTSE 100 closed lower on Monday , pressured by weaker commodity
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Reuters - 16 ore fa

Stocks rise, yields up as investors assess prospect of Trump win

GLOBAL MARKETS-Stocks rise, yields up as investors assess prospect of Trump win Dollar dips, bond yields up after Trump attack PredictIT shows increased chance of Republican win Crypto stocks higher Updates to 11:30 a.m. ET (1530 GMT By Caroline Valetkevitch and Isla Binnie NEW YORK, July 15 (Reuters) - World stock indexes and Treasury yields rose on Monday while the dollar dipped as investors weighed the prospect of Republican Donald Trump winning the U.S.
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Reuters - 16 ore fa

Stocks rise, yields up as investors assess prospect of Trump win

GLOBAL MARKETS-Stocks rise, yields up as investors assess prospect of Trump win Dollar dips, bond yields up after Trump attack PredictIT shows increased chance of Republican win Crypto stocks higher Updates to 11:30 a.m. ET (1530 GMT By Caroline Valetkevitch and Isla Binnie NEW YORK, July 15 (Reuters) - World stock indexes and Treasury yields rose on Monday while the dollar dipped as investors weighed the prospect of Republican Donald Trump winning the U.S.
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Reuters - 19 ore fa

UK's Burberry at 14-yr low after CEO exit, dividend suspension

BUZZ-UK's Burberry at 14-yr low after CEO exit, dividend suspension Updates ** Burberry BRBY.L shares crash nearly 18% to over 14-year low of 729p, making it worst FTSE 100 .FTSE stock in 2024 ** British luxury group's CEO Jonathan Akeroyd to leave immediately; to be replaced by former Michael Kors boss Joshua Schulman ** BRBY suspends dividend pay
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Reuters - 20 ore fa

Treasuries slip, dollar steady as markets weigh Trump attack fallout

GLOBAL MARKETS-Treasuries slip, dollar steady as markets weigh Trump attack fallout Dollar stable, bond prices ease after Trump attack PredictIT shows increased chance of Republican win China economic data misses expectations Fed's Powell talks later Monday, markets bet on Sept cut Updates throughout By Iain Withers and Wayne Cole LONDON/SYDNEY, July 15 (Reuters) - The dollar held steady on Monday, while long-dated U.S.
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Reuters - 20 ore fa

Treasuries slip, dollar steady as markets weigh Trump attack fallout

GLOBAL MARKETS-Treasuries slip, dollar steady as markets weigh Trump attack fallout Dollar stable, bond prices ease after Trump attack PredictIT shows increased chance of Republican win China economic data misses expectations Fed's Powell talks later Monday, markets bet on Sept cut Updates throughout By Iain Withers and Wayne Cole LONDON/SYDNEY, July 15 (Reuters) - The dollar held steady on Monday, while long-dated U.S.
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Reuters - 21 ore fa

Burberry faces a lengthy stay in the bargain bin

BREAKINGVIEWS-Burberry faces a lengthy stay in the bargain bin The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic. By Aimee Donnellan LONDON, July 15 (Reuters Breakingviews) - Retailers typically get rid of excess stock by throwing it in the bargain bin. After issuing another profit warning , suspending its dividend and replacing its CEO, that may also be 2.7 billion pound ($3.4 billion) Burberry’s BRBY.L fate for the foreseeable future.
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Reuters - 22 ore fa

SMIDs: Turning words into action

LIVE MARKETS-SMIDs: Turning words into action STOXX 600 unchanged Burberry, Swatch results weigh on luxury China growth slows Wall St futures edge up Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com SMIDs: TURNING WORDS INTO ACTION Everyone keeps talking about the virtues of European small- and mid-cap (SMIDs) stocks.
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Reuters - 23 ore fa

European shares fall, led by luxury sector, utilities

UPDATE 2-European shares fall, led by luxury sector, utilities For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Burberry drops on CEO exit, profit warning ECB President Christine Lagarde to speak later in the day Ocado falls after brokerage downgrade STOXX 600 down 1% Updated at 1600 GMT By Shristi Achar A and Shashwat Chauhan July 15 (Reuters) - European shares drifted lower on Monday after dour updates from luxury companies weighed on t
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Reuters - 23 ore fa

Treasuries slip, dollar steady as markets weigh Trump attack fallout

GLOBAL MARKETS-Treasuries slip, dollar steady as markets weigh Trump attack fallout Dollar stable, bond prices ease after Trump attack PredictIT shows increased chance of Republican win China economic data misses expectations Fed's Powell talks later Monday, markets bet on Sept cut Updates throughout; refreshes prices at 0838 GMT By Iain Withers and Wayne Cole LONDON/SYDNEY, July 15 (Reuters) - The dollar held steady on Monday, while long-dated U.S.
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