Burberry Group plc
930.20 GBX +34.00 (3.79%)
Dec 6, 16:58 GMT |
Thanks W, much of the above I have missed. My fault, easily led by wife and friends? |
Burberry Group plc
897.00 GBX +0.80 (0.089%)
Dec 6, 08:07 GMT |
Prospectus dated 29 November 2024 for the issue of £150m 5.750 per cent. Notes due 20 June 2030 issued by Burberry Group plc
HOW SUCCESSFUL HAS THIS ISSUANCE BEEN |
 Fashion & Brands
Written by:
William Farrington
PROACTIVE
Another bumpy year ahead for luxury as Burberry, Gucci-owner Kering cop downgrades
Published: 12:17 02 Dec 2024 GMT
JPMorgan remains cautious of the luxury sector heading into 2025, citing persistent macroeconomic challenges in China and muted pricing and mix conditions.
Reflecting these concerns, the investment bank lowered its estimates for Burberry Group PLC (LSE:BRBY) and downgraded both Kering and Swatch to ‘underweight’ ratings.
A brighter outlook is anticipated for the US consumer, but this is not expected to offset weakness in the Chinese cluster.
"2024 was a year of no growth for the sector, partly driven by macro weakness in China, but also partly reflecting, in our view, consumer fatigue on high pricing and high volumes,” JPM analysts wrote in the research note.
Things look incrementally better in the year ahead, with analysts stating: “Looking into 2025, with price and mix largely capped and with a question mark on volumes, we anticipate soft industry growth dynamics, forecasting around 2% growth for the sector overall.”
The global downturn in luxury spending has battered valuations across Europe’s luxury set in 2024.
In the UK, Burberry dropped out of the FTSE 100 after its share price flopped to a 14-year low, while LVMH fell more than 17% and Kering a full 44%.
But with JPM’s downgrades on Burberry and Kering SA (EPA:KER), there could be room to fall even further.
On the other hand, JPM sees a buy opportunity with Pandora given its ‘hard luxury’ focus.
“We see jewellery at a healthier juncture than soft luxury and hence believe it is likely to be the other bright spot for 2025,” said the bank. |
GOLDMAN RAISES BURBERRY PRICE TARGET TO 940 (825) PENCE - 'NEUTRAL' |
LOOKS LIKE MARKETS ARE FAST FORGIVING BURBERRY DESPITE NOTHING TO SUPPORT TREND UP
APART FROM FAITH IN THE COMING WEEKS AND FUTURE
GOOD LUCK
CHUCKLE AND CHEERS |
Sandra Halliday
Published December 5, 2024
Burberry sues value chain B&M
Burberry has launched legal action against UK value chain B&M over trademark concerns.
B&M
It comes after the latter launched a line of pet items dubbed ‘Furberry̵7; that features a distinctive check and other motifs similar to those owned by Burberry.
It’s not been confirmed that the case relates to that line.
Burberry launched High Court proceedings this week over “concerns the discount chain was falsely representing their goods as Burberry”, Sky News reported.
Neither company would comment on the issue when contacted by Sky.
The items that have been available this year include dog bowls, toys, animal blankets, mats, and beds.
The two companies, which are both listed on the London Stock Exchange, operate at very different ends of the market, although both have struggled this year with B&M’s share price falling 38% while Burberry’s is down almost 36%.
FashionNetwork.com |
Started the day down at 880p....now up above 940p...
Anyone know why? |
A lot of Burberry gear being worn at Cheltenham this weekend and not by the cling ons, it's a firm and happy choice of those with plenty of money in the country. I'll be in if this dips again |
Our shorting friends have gone a bit quiet ? |
At a sticky wicket moment again, short average 738.
Accounts are a mess.
rumours? |
Those results didn't warrant that rise... especially not from where it was 2 months ago. |
No way an share price does this today on the back of yet another reset announcement. Looks like smoke to me, someone knows something. |
Hopefully, when the US opens, it gives it another leg up |
Perhaps there is a bid in the background? |
Markets certainly dont make sense at times. |
Damn! I sold way too early lol |
Well this is a funny market and no mistake.
Burberry have terrible results and moonshot and WH Smith have very good results and fall like a stone.
Suspect that both these situations might reverse. |
866p (+135p) = +18 % impressive ! |
Covering shorts today could get expensive, terrible shame that.. :o)
Reported losses here were far lower than expected by the look of it.. |
Cost cuts will wipe out the operating loss, profit in H2? |
855p now (+17%) - will be keeping an eye on shortdata - expect some shorts being exited today ... |
agreed opened a short at 842 |
What a time to take out a short now it’s had a dead cat bounce, this will end up in the hands of bondholders, shareholders will be wiped out, it’s just another super dry type story. Terminal. |
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
Hot Features
Premium
