Burberry shareholders rejected a 20 million pound remuneration package for its new chief executive, Christopher Bailey. The Financial Times reports.» Read More
LONDON— Shareholders of luxury British fashion house Burberry have voted to reject a multimillion-pound pay package for the brand's new chief. Results of voting at Burberry's annual general meeting Friday showed that 52.7 percent of shareholders protested the earnings Christopher Bailey is expected to receive.
LONDON, July 10- Investors across Europe trimmed their exposure to banks on Thursday in response to growing concerns about the health of Portugal's biggest listed lender, with a leading pan-European share index slipping to a two-month low.
*Portugal's PSI share index down 4 percent. LONDON, July 10- Investors across Europe trimmed their exposure to banks on Thursday in response to concerns about the health of Portugal's biggest listed bank.
*Bank of England holds interest rates, as expected. LONDON, July 10- The Bank of England held interest rates at record lows on Thursday but the pace of Britain's recovery looks likely to divide its policymakers soon over when to start weaning the economy off its support.
*Portugal's PSI share index down 4.4 percent. LONDON, July 10- European shares fell on Thursday as southern European indexes tumbled on weak data from Italy and growing concerns over the financial health of Portugal's largest listed bank.
*Earnings, valuations concerns dominate in Europe. LONDON, July 10- Europe's debt-sodden periphery was back at the top of the list of financial concerns on Thursday, troubles around Portugal's biggest listed bank pushing shares sharply lower and quelling demand for an issue of bonds by Greece.
LONDON, July 10- The Bank of England held interest rates at their record low on Thursday but the pace of Britain's recovery looks likely to split its policymakers soon over when to start weaning the economy off its support.
*Earnings, valuations concerns dominate in Europe. *Asia up as Wall St rises with Fed in no hurry to end QE. LONDON, July 10- European shares were back in negative territory on Thursday, a brief lift from U.S.
British luxury brand Burberry on Thursday warned that if exchange rates remained at current levels, that would have a "material impact on profits".
PARIS, July 4- Apple has poached a senior executive from Swiss luxury watch brand Tag Heuer, which could be to help it with the launch of its iWatch expected this autumn.
*Hugo Boss makes 9 pct of sales in China. FRANKFURT, July 2- German fashion house Hugo Boss is taking full control of its store network in China and Macau as it seeks to improve the way its brand is presented, a move that mirrors a broader trend by luxury goods groups in emerging markets.
South Korean housewife Kwak Ji-yoon used to be a loyal customer of Louis Vuitton, but these days she prefers Alexander Wang handbags.
NEW YORK, June 6- Sears Holdings Corp's controlling shareholder Eddie Lampert met with Ford Motor Co CEO Alan Mulally earlier this year to seek advice on how to turn around the ailing retailer, two sources familiar with the matter said.
European shares closed slightly up on Wednesday, after wavering throughout the day, as investors looked towards central bank policy.
Burberry reported a hike in sales and pre-tax profit for the year ending March, in the first set of results since new CEO Christopher Bailey took the helm.
Luxury brands are mulling more inflation-busting price rises, in the face of strong foreign exchange headwinds and changing Chinese shopping habits.
Target CEO Gregg Steinhafel's name has been added to the list of retail execs caught in a nasty game of musical chairs.
Apple shares closed above $600 after Monday's trading session. CNBC's Jim Cramer identified 68 million reasons behind the stock's comeback.
Apple has welcomed its long-awaited new retail chief Angela Ahrendts with a stock grant worth to $68 million, the Financial Times reports.
May 5- Apple Inc granted its new retail chief 113,334 restricted stock units, the company said in a regulatory filing late on Monday, valuing at $68.1 million based on Monday's closing share price. Apple announced the appointment in October, but Ahrendts only started her job at Apple on May 1.