Burberry Share News (BRBY)

Burberry shares hit lowest since 2020, luxury stocks sag

LONDON, Jan 12 (Reuters) - Shares in British luxury group Burberry fell as much as 14% in early trade on Friday after the company downgraded its guidance, citing a slowdown in luxury demand.

TOP NEWS: Burberry cuts full-year guidance on demand slowdown

(Alliance News) - Burberry Group PLC on Friday warned it anticipates its annual results to be below previous expectations following a weaker festive period, with luxury retail demand waning.

LONDON BRIEFING: Burberry cuts guidance again amid luxury slowdown

(Alliance News) - Stocks in London are expected to make gains at Friday's market open, as investors assess the latest economic data from the UK, US and China.

Burberry cuts guidance, profits to fall by at least 27%

(Sharecast News) - British high-end fashion group Burberry has delivered a significant profit warning on the back of the well-cited slowdown in luxury demand, which has rocked the industry over recent months.

LONDON BROKER RATINGS: BoA cuts Diageo; RBC likes Antofagasta

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

LONDON BROKER RATINGS: Barclays cuts Berkley and Barratt, ups Bellway

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

London close: Stocks fall amid rising geopolitical concerns

(Sharecast News) - London stocks closed lower on Wednesday - the 40th anniversary of the FTSE 100's launch - as sentiment remained cautious due to increasing tensions in the Middle East.

Miners, personal goods stocks drag FTSE 100 to two-week low

Burberry slips on rating downgrade

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LONDON BROKER RATINGS: GSK raised to 'buy'; AstraZeneca cut to 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

BT chief Jansen approached about WPP chairmanship - Sky News

Jan 1 (Reuters) - BT Group's outgoing boss Philip Jansen has been approached about becoming the next chair of advertising group WPP, replacing Roberto Quarta, Sky News reported on Monday.

London open: Gains modest but stocks rise to seven-month high

(Sharecast News) - UK stocks edged higher to a seven-month high on Friday morning, though gains were likely to be limited in a shortened trading session ahead of the New Year's break.

LONDON MARKET OPEN: China-exposed firms rise as stocks drift higher

(Alliance News) - Stock prices in London opened slightly higher on Thursday, with investors feeling quietly optimistic on the penultimate day of trading for 2023.

London stocks slip after global rally pauses

FTSE 100, FTSE 250 down 0.3%

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LONDON BROKER RATINGS: UBS cuts DS Smith; Kepler likes Genus

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Metal miners lift UK stocks amid lingering Fed rate cut hopes

Superdry drops on profit warning

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