The announcement that every household is to receive £400 off their energy bills in the autumn coupled with a comprehensive package of support for pensioners and those on benefits immediately resonated with investors and shares in retailers shot up. But the resurgence was short-lived, the consensus being there are just too many challenges facing the sector, with consumers on both sides of the ...

- Both luxury goods groups enjoying buoyant sales - Burberry outlook hinges on recovery in China - Watches of Switzerland has considerable overseas opportunity Well-heeled shoppers are shrugging off the inflationary pressures seen around the world if the latest updates from luxury goods groups Burberry (BRBY) and Watches of Switzerland (WOSG) are anything to go by, with both businesses ...

Every chief executive talks about creating shareholder value, but which ones walk the walk? While the investment trust industry can count on 27 managers with at least 20 years under their belt at the same firm, there are very few FTSE 100 chief executives with that kind of track record. The most obvious is Simon Wolfson (pictured), who has headed Leicestershire-based high street retailer ...

Despite posting a strong finish to 2021 and forecasting strong trading this spring and summer, theatre operator Cineworld (CINE) is still the most-shorted UK stock according to daily data from the FCA (Financial Conduct Authority). Short sellers are also targeting other companies which are dependent on discretionary spending such as retailers. LIGHTS OUT? Sifting through the FCA data its ...

Inflation is now forecast to peak at over 7% in April, which naturally has many people worried about how that will affect their savings and investments. Meanwhile the average Cash ISA is currently paying just 0.34% in interest, so many people will be looking to the stock market to help fend off inflation. That certainly makes a lot of sense, because companies at least have the opportunity to pass ...

Already contending with red hot inflation, consumer-facing businesses are about to be severely buffeted by headwinds from another tick up in energy prices, higher National Insurance tax and rising interest rates putting pressure on family finances. Consumers may pull in their purse strings with further inflation-driven price hikes expected over the months ahead. Shares believes the ...

Major UK stocks reversed earlier declines at lunchtime on Wednesday as positive company updates outweigh the jump in the cost of living. At 12.30pm, the benchmark FTSE 100 is trading 0.4% higher at 7,596.10, with the ongoing sell-off of risk assets, and growth stocks in particular, being offset by strength in housebuilders, retailers and oil producers on the FTSE 100, and optimism generated by ...

Shares in Burberry (BRBY) rallied 6.2% to £18.64 as the luxury retailer upgraded annual profit guidance after seeing an acceleration in higher margin full price sales for the third quarter to 25 December 2021. The positive performance is was driven by ongoing strength in the Americas, a material improvement in the Asia Pacific region as Covid restrictions eased and improving trends in EMEIA ...

London’s FTSE 100 traded broadly flat on Wednesday, largely shrugging off a higher than expected local inflation reading which stoked rate rise concerns and offset some of the optimism generated by profit upgrades from Burberry (BRBY) and Pearson (PSON). The latest inflation data from the Office for National Statistics showed an annual rise in the UK consumer price index (CPI) of 5.4% in ...

One of the key ingredients in the success or failure of a company is the quality of its management. When change at the top of a struggling company occurs, it can act as a catalyst for an underperforming business and trigger a share price boost, while the wrong CEO appointment has the potential to ruin a hitherto successful business and undo all the painstaking work of his or  her ...

BURBERRY (BRBY) £19.65 Gain to date: 20.3% Original entry point: Buy at £16.34, 19 Nov 2020 Our buy call on Burberry (BRBY) is 20.3% in the money, although shares in the British luxury brand took a tumble on first half results (11 Nov). The leather goods, jackets and shoes seller reinstated the interim dividend at 11.6p after reporting a jump in pre-tax profits as sales ...

The blue chip benchmark finished 0.6% higher at 7,384.18 points on Thursday, a 20-month high, amid relief that Chinese property developer Evergrande has avoided defaulting on its debts. Disappointing UK GDP data, combined with last week’s surprise decision by the Bank of England to delay a rate rise, drove sterling lower and the international FTSE 100 higher, as a weak pound means ...

Shares in luxury goods retailer Burberry (BRBY) were marked down 8% to £18.12 on the news sales are down on pre-pandemic levels in the EMEIA (Europe, Middle East, India and Africa) region, with ongoing travel restrictions limiting the tourist flows that are so important to its business. The tourist shortfall overshadowed otherwise positive first half results from the trenchcoats-to-cashmere ...

London’s 100 was solidly higher by midday on Thursday, the blue chip benchmark rising 0.4% to 7,370.29 points, a 20-month high. The rise in the index was supported by gains for the miners amid relief Chinese property developer Evergrande avoided defaulting on its debts. Retailers were under pressure following several disappointing updates that cast gloom on the sector. Luxury brand ...

UK equity markets rallied in early trading on Thursday with miners driving the benchmark FTSE 100 to 20-month highs on relief that property developer China Evergrande sidestepped a debt default. The FTSE 100 was 0.4% up at 7,368.02 by 10am, wile the mid-cap FTSE 250 made similar gains at 23,523.80. Retailers were under pressure following several disappointing updates that cast gloom on ...

After a couple of weeks of healthy gains, the global emerging markets index took a step back on 18 October after the latest Chinese economic data disappointed on two fronts. On the one hand, growth in the quarter to September was weaker than expected, while on the other industrial prices were stronger than expected raising fears China could be set to ‘export’ inflation to the rest of the ...

UK stocks edged lower on Wednesday in line with most European markets despite another positive session in the US overnight and a slightly better than expected domestic inflation print. UK consumer prices for September climbed 3.1% against expectations of a 3.2% rise, briefly easing fears of an early rate rise, although inflation still remains well above the Bank of England’s 2% target ...

Lindsell Train UK Equity FUND (B18B9X7) 507.7p Gain to date: 9.6% Original entry point: Buy at 463.1p, 4 March 2021 A tilt back towards quality stocks earlier this year as the vaccine-led value rally ran out of steam has supported a recovery for Lindsell Train UK Equity (B18B9X7). However, exposure to a brewing Chinese crisis could make life more difficult for the fund in the coming ...

London’s FTSE 100 was 0.5% firmer at 7,050.56 points early on Thursday following after a rebound in the US and another dip for Asian equities overnight. A flurry of positive corporate news and decent US data overnight outweighed lingering concerns about the Chinese economy, which dragged down the miners and other companies with links to China such as luxury brand Burberry (BRBY), off 2.75% to ...

After a strong start opening on the back of gains in Asian markets and bid stories, the FTSE 100 index trod water for most of the day to close 21 points or 0.3% higher at 7,109 points. Gains in consumer and mining stocks were offset by losses for healthcare and utility names. One stock which managed to extend its morning gains was supermarket group Sainsbury (SBRY), which finished up 15% to ...