(Alliance News) - Burberry Group PLC has been relegated from the FTSE 100 in the latest quarterly reshuffle, reflecting challenging conditions in the luxury goods market. Read More
(Alliance News) - European blue-chips fell on Thursday as soft US jobs data added to concerns that growth in the world's largest economy is slowing. Read More
(Alliance News) - easyJet PLC's return to the FTSE 100 threatens to be short-lived, while a slump in Burberry Group PLC shares will result in the luxury brand relinquishing its top-tier status, according to indicative index changes by FTSE Russell on Tuesday. Read More
Haleon PLC - Weybridge, Surrey-based consumer healthcare firm spun-out of GSK PLC in 2022 - Hires Alan Stewart and Nancy Avila to be non-executive directors, both starting on September 1. Stewart is the former chief financial officer of retailers Tesco PLC and Marks & Spencer Group PLC. He currently is a non-executive director of brewer and distiller Diageo PLC and of trench coat maker Burberry Group PLC. Avila was chief information & technology officer at medical supplies firm McKesson Corp and also worked at Johnson Controls Inc and Abbott Laboratories Inc. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Monday: Read More
WPP PLC - London-based advertising agency - Picks Philip Jansen to be its next non-executive chair. Jansen was chief executive of telecommunications provider BT Group PLC from 2019 until this past February. Prior to BT, he was CEO of payments firm Worldpay and of food wholesaler Brakes Group. He also has worked for US personal and home care products firm Procter & Gamble Co. Jansen will join the board on September 16 and replace Roberto Quarta on January 1. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday: Read More
(Alliance News) - London's FTSE 100 opened higher on Friday, with NatWest leading the charge, though gains were largely broad-based ahead of a US inflation reading to come. Read More
(Alliance News) - Stocks in London remained in the red at midday, but outperformed their European peers, as a pick up in UK private sector growth helped offset underwhelming earnings. Read More
(Alliance News) - European equities got off to an underwhelming start on Wednesday, as poorly-received tech earnings after the closing bell in New York overnight kept a lid on enthusiasm, and reports from the continent largely failed to inspire confidence either. Read More
(Alliance News) - London's FTSE 100 snapped a two-day losing streak at the start of the week to end in the green on Wednesday, while the pound powered higher after a UK services inflation reading was more robust than expected. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and on Tuesday: Read More
(Alliance News) - London's FTSE 100 struggled on Tuesday, under the weight of share price falls for miners, water utilities and another slide for luxury retailer Burberry. Read More
Burberry Group PLC - London-based fashion retailer - Chair Gerry Murphy buys 20,000 shares at GBP7.25, worth GBP145,013, and Chief Financial Officer Catherine Ferry buys 8,268 shares at GBP7.20, worth GBP59,546, both on Tuesday. The more than GBP200,000 in purchases follow a 16% decline in Burberry's share price on Monday, after the company warned on profit, axed its dividend, and replaced its under-pressure chief executive. Burberry reported a 22% annual decline in retail revenue in its financial first quarter, amid falling sales in Asia and the Americas. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday: Read More
(Alliance News) - Stock prices in London opened lower on Tuesday, as hopes for lower interest rates in the coming months was offset by investor concern about a second US presidency for Donald Trump. Read More
(Alliance News) - Stock prices in London closed lower on Monday, with luxury retail and miners struggling, while markets in New York traded higher ahead of words from Federal Reserve Chair Jerome Powell. Read More
(Alliance News) - Burberry Group PLC shares plunged on Monday after the company warned on profit, axed its dividend and replaced its under-pressure boss. Read More
(Alliance News) - Burberry Group PLC on Monday parted ways with its chief executive after just two years on the job, as the British luxury brand suspended dividend payments amid a drop in sales. Read More