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Burberry (LSE:BRBY) Stock Fair Value Edges Lower After Analyst Commentary
Burberry Group's assessed fair value has been adjusted slightly lower to about £12.58 from roughly £12.99, a move of around 3%. Analysts have made this change while working with limited fresh information on recent trading or corporate deve…
Stock prices in London closed sharply lower on Wednesday, as Brent crude surged above 100 dollars a barrel and heightened inflation fears weighed on global equities. The FTSE 100 index closed down 141.60 points, 1.3%, at 10,670.06. The FTS…
HSBC Cuts LVMH as Luxury's Second Half Won't Get Any Rosier
This article first appeared on GuruFocus. LVMH (MC) fell 2.59% in Paris after HSBC downgraded it to Hold from Buy. The bank cut its LVMH target to 490 from 600, and raised its sector beta to 1.10 from 1.00. Analysts led by Anne-Laure Bismu…
HSBC warns of tough H2 for European luxury stocks, downgrades LVMH, Burberry
[Louis Vuitton store at Hamad International Airport in Doha, Qatar] winhorse * HSBC downgraded LVMH (LVMHF [https://seekingalpha.com/symbol/LVMHF]) and Burberry (BURBY [https://seekingalpha.com/symbol/BURBY]) on Wednesday, citing limited v…
3 British Undervalued Stocks Trading Up To 48% Below Fair Value
UK gilt yields have surged to multi year highs, which has put pressure on many British stocks as investors reassess the value of future earnings. That kind of rate shock can leave solid companies mispriced. For investors, this can be a cha…
European Stocks Close Higher in Friday Trading as Investors Parse Fed Chair Remarks
The European stock markets closed higher in Friday trading as investors analyzed comments from the U PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium n…
Son of Luxottica founder quits after succession row
Leonardo Maria Del Vecchio has fallen out with EssilorLuxottica's chief Francesco Milleri (Dia Dipasupil) The son of the founder of Italy's Luxottica is set to leave the world's leading eyewear group EssilorLuxottica, a spokesperson said T…
Europe’s Luxury Giants Discern Green Shoots in Key China Market
(Bloomberg) -- Europe's biggest luxury firms are turning a little more positive on the crucial Chinese market, as a fragile spending recovery takes shape in the country. Most Read from Bloomberg US Oil Refiners Face Import Squeeze From Big…
Mike Ashley’s Frasers Group Launches a Summer Offensive in Europe
LONDON — It's been a frenetic summer for Mike Ashley's Frasers Group, which has launched an offensive on retail brands ranging from Harvey Nichols in the U.K. to Hugo Boss and Puma in Germany. Now, Frasers has raised its stake in Burberry…
Mike Ashley’s Frasers Group Takes 4.2% Stake in Burberry
Busy Bee: Mike Ashley's Frasers Group is all over lately. Frasers, which made a surprise takeover bid for Hugo Boss last month, said in a regulatory filing that it had amassed put options on 15 million shares of Burberry Group, giving it a…
Mike Ashley owns Sports Direct, Flannels and House of Fraser - Reuters Mike Ashley has taken a major stake in Burberry as he seeks to expand his luxury retail empire. The billionaire's Frasers Group disclosed a 4.2pc interest in the strugg…
Burberry Shares Drop 7.3% Despite 5% Same-Store Sales Growth
This article first appeared on GuruFocus. Burberry Group Plc (BURBY), a British luxury fashion brand known for trench coats, scarves and other outerwear, reported 5% same-store sales growth in the first quarter ended June as every product…
Top global stories this week: Burberry, ASML among notable names
AI-related stocks fell globally amid persistent concerns that major AI hyperscalers may slow their infrastructure spending. Escalating Middle East friction also dragged equity markets mostly lower. The energy spike renewed fears of sticky…
Scrap ‘tourist tax’ to boost North, Burberry urges Burnham
Burberry has urged Andy Burnham to scrap a "tourist tax" on luxury shopping in a move that would boost the fashion house's manufacturing hubs in Yorkshire. Joshua Schulman, the chief executive of Burberry, said the retailer's operations ac…
Turnaround strategy is working, says Burberry, despite Iran war pressure
Burberry has said its turnaround strategy is working, on the back of growth in North America and China, but spending in Europe has come under pressure amid the conflict in the Middle East. Boss Joshua Schulman said he was pleased with the…
Europe markets mostly lower amid sharp sell-off in chip stocks
[Global Business Strategy on Digital Display] London (UKX [https://seekingalpha.com/symbol/UKX]) +0.24%, Germany (DAX:IND [https://seekingalpha.com/symbol/DAX:IND]) -0.51%. France (CAC:IND [https://seekingalpha.com/symbol/CAC:IND]) -0.49%.…
Shareholders approve Burberry pay plan despite a third of votes against policy
More than a third of Burberry shareholders have voted against a new pay plan for directors which could see the boss earn up to £12.2 million. At the luxury fashion group's annual general meeting (AGM) on Wednesday, 35.4% of shareholder vot…
Moonshot vibes: Luxury retail could benefit from the SpaceX IPO and hot Asian markets
[Prada boutique on the Canton Road, Tsim Sha Tsui] pixcolo/iStock Editorial via Getty Images Jefferies raised the question on whether the remarkable sequential wealth creation seen in Korea, the U.S., and Japan will help stimulate demand f…
We Think Burberry Group's (LON:BRBY) Healthy Earnings Might Be Conservative
The stock was sluggish on the back of Burberry Group plc's (LON:BRBY) recent earnings report. Along with the solid headline numbers, we think that investors have some reasons for optimism. We've found 21 US stocks that are forecast to pay…
Gucci's parent company Kering reported a loss for its last financial year (Alberto PIZZOLI)·Alberto PIZZOLI/AFP/AFP Faced with a painful slowdown in recent years, the luxury sector is seeking to recover its mojo by juggling a back-to-basic…
China Luxury Demand Rebound Sends Fresh Signal To Investors
This article first appeared on GuruFocus. Chinese consumers may finally be warming up again to high-end beauty and fashion, giving global luxury names a rare bright spot after years of weak demand and margin-eroding discounts in one of the…
Burberry Group's (LON:BRBY) Earnings Offer More Than Meets The Eye
The market seemed underwhelmed by the solid earnings posted by Burberry Group plc (LON:BRBY) recently. Our analysis suggests that there are some reasons for hope that investors should be aware of. AI is about to change healthcare. These 20…
Discover Burberry Group And 2 Additional UK Stocks That May Be Trading Below Their Estimated Value
The UK market has recently experienced a downturn, with the FTSE 100 and FTSE 250 indices closing lower amid weak trade data from China, highlighting concerns about global economic recovery. In such challenging times, identifying stocks th…
STORY: British fashion house Burberry reported quarterly sales that met expectations on strong growth in the U.S. and China on Thursday.But its shares slid around 7% in early trade.Lower revenue in Europe and the Middle East due to the Ira…
Burberry returns to profit as turnaround bears fruit
Burberry has swung back to profit after the luxury fashion firm’s bet on Gen Z shoppers and move to revive its British heritage paid off, but it flagged worries over a possible Iran war impact on consumer spending. The firm reported pre-ta…
European Stocks Mixed in Monday Trading; Defense, Luxury Goods Stocks Drop, Mining Shares Rise
The European stock markets were mixed in Monday trading as The Stoxx Europe was 0.1% higher, Germany PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium n…
Burberry bets on British heritage and Gen Z as turnaround to be scrutinised
Burberry’s bet on Gen Z shoppers and reviving its British heritage will come under the microscope as investors hope the brand’s cost-cutting is paying off. The luxury fashion retailer will announce its annual financial results on Thursday,…
Investing.com -- Shares in European luxury goods companies have gained for a second consecutive session on Thursday, as growing optimism over a potential resolution to the Middle East conflict lifted the outlook for international travel an…
Why Coty Inc (COTY) Won’t Touch These Brands in Its Strategic Review
Coty Inc (NYSE:COTY) is among the must-buy penny stocks to invest in now. Coty Inc (NYSE:COTY) is undertaking a strategic review of its consumer beauty business. However, the company told Reuters on April 16 that it was not in talks to sel…
Kering’s Gucci Fix Is Really a Group Survival Plan
Kering’s Gucci Fix Is Really a Group Survival Plan - Moby THE GIST Kering is trying to convince investors it can engineer a comeback. The problem is that this is not just a bad quarter or a soft cycle. Its core brand, Gucci, has lost momen…
For a discerning shopper, there is now rare value in Europe’s top luxury houses. Shares in the sector are down sharply after three major luxury companies reported shaky first-quarter sales this week. Investors were already dumping the stoc…
How The Narrative On Burberry Group (LSE:BRBY) Is Shifting With Mixed Views And Royal Capsule
Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. Burberry Group’s fair value estimate has been revised slightly, with the price target moving from…
Luxury’s comeback? Why one leading bank thinks the sector is about to rebound
Luxury’s comeback? Why one leading bank thinks the sector is about to rebound Proactive uses images sourced from Shutterstock After two years of disappointing growth, a new report from HSBC argues that luxury’s slowdown is ending. The surp…
Shifting Story For Burberry Group (LSE:BRBY) As Analysts Rework Fair Value And Eyewear Deal
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Burberry Group’s updated analyst work now points to a fair value target of £13.58, compared with the previous £13.04. Recent…