(Alliance News) - Stocks in London ended the week in the green after positive retail sales data from the US, easing fears over future US interest rate hikes. Read More
(Alliance News) - Stocks in London were broadly higher at midday on Friday, amid easing fears over future US interest rate hikes, while the AIM market was weighed down by a lowered earnings guidance from highly rated Fevertree Drinks. Read More
(Alliance News) - Stocks in London was mostly higher in early trade, as investor fears of a full percentage point rate hike from the US Federal Reserve later this month were eased by comments from several central bank members, reiterating support for a 75 basis point raise. Read More
(Alliance News) - Burberry Group PLC shares dropped on Friday morning after the retailer reported that continued Covid disruption in China offset comparable store sales growth in its first quarter. Read More
Burberry Group PLC - London-based luxury fashion retailer - Sees some minor shareholder rebellion at its annual general meeting on Tuesday, though ultimately all resolutions were passed with majorities. Notes 34% vote against the re-election of Antoine de Saint-Affrique as director of the company. Saint-Affrique is also chief executive of French food company Danone SA. Read More
(Alliance News) - Burberry Group PLC will report a difficult first quarter, analysts at Barclays said on Friday, as the luxury goods company faces a tough macro outlook in the US and a Covid-19 hit from China. Read More
Burberry Group PLC - London-based luxury fashion retailer - Confirms it will be partnering with Mythical Games for a second year to offer users of their flagship title, Blankos Block Party, a "unique branded gaming experience". In 2021, Burberry partnered with Mythical Games to launchy a non-fungible token collection within Blankos Block Party. Burberry says this is "paving the way [for] digital ownership in gaming". Read More
(Alliance News) - London's FTSE 100 index edged higher midday Friday, overcoming a subdued start and subsequent see-saw trade, while peers in Europe were more comfortably in the green, continuing post-Federal Reserve minutes gains which started earlier in the week. Read More
(Alliance News) - Kingfisher on Monday said first-quarter sales were above pre-pandemic levels but had weakened year-on-year. The owner of the B&Q chain of DIY stores also unveiled a GBP300 million share buyback. Read More
(Alliance News) - Kingfisher on Monday said first-quarter sales were above pre-pandemic levels but had weakened year-on-year. The owner of the B&Q chain of DIY stores also unveiled a GBP300 million share buyback. Read More