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Burberry Group PLC

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  • Gucci, which provides the bulk of operating income for parent company Kering, had long said that declining sales were a result of trying to move the brand further upmarket and tough trading, particularly in China. Deciding it was now time for a change at the top, Kering promoted luxury couture and leather goods division head Marco Bizzarri to become Gucci chief...

  • LONDON, Dec 1- Oil and gas firm BG Group has cut millions of pounds off the pay package for its incoming chief executive Helge Lund, bowing to pressure from shareholders in the biggest such revolt over executive pay in recent years. Britain's Business Secretary threw his weight behind disgruntled investors last week, urging the new chief executive's "excessive"...

  • HONG KONG, Dec 1- Hong Kong is expected to report a drop in October retail sales on Monday, providing the first broad look at the impact of pro-democracy protests on core shopping areas after demonstrators blocked key roads and scared off mainland Chinese tourists. Protests began choking parts of the Asia financial centre in late September, disrupting business...

  • HONG KONG, Dec 1- Hong Kong is expected to report a drop in October retail sales on Monday, providing the first broad look at the impact of pro-democracy protests on core shopping areas after demonstrators blocked key roads and scared off mainland Chinese tourists. Protests began choking parts of the Asia financial centre in late September, disrupting business...

  • Europe shares sink; banks suffer; DAX down 1.8% Wednesday, 12 Nov 2014 | 11:58 AM ET

    European shares closed lower on Wednesday, with investors shunning banking stocks after regulators announced penalties.

  • UPDATE 2-Burberry says foreign exchange impact to fade Wednesday, 12 Nov 2014 | 4:35 AM ET

    *Burberry H1 adjusted profit before tax 152 million pounds. Burberry reported an adjusted profit before tax of 152 million pounds for the six months to Sept. 30, which was broadly in line with forecasts. Burberry said demand from the Chinese, which fell significantly in recent months, had not really improved while spending by the Russians, which have seen the value...

  • Burberry profits rise in 'difficult' environment Wednesday, 12 Nov 2014 | 2:24 AM ET
    Burberry bags are on display at Bloomingdale's in New York.

    British luxury brand pointed to a 'more difficult external environment' as it posted a 6 percent rise in half-year adjusted pre-tax profit.

  • Stocks little moved, with S&P 500 and Dow at records Tuesday, 11 Nov 2014 | 4:16 PM ET
    Trader on the floor of the New York Stock Exchange.

    U.S. stocks ended near highs on Tuesday, with the Dow and S&P each edging up to a record close.

  • BERLIN, Nov 4- German fashion house Hugo Boss trimmed its 2014 sales and profit forecasts on Tuesday due to a slowing European economy after it reported weaker-than-expected third-quarter profits. Hugo Boss said it now expected sales to grow 6-8 percent in 2014, after accounting for currency changes, while operating profit should rise 5-7 percent.

  • *Q1 China sales up 10 pct, slowest growth in 2 years. Oct 28- Coach Inc, known for its Poppy handbags, reported its slowest quarterly sales growth in China in two years, dealing a blow to the company that was relying on the country to help make up for market share losses to Michael Kors and Kate Spade in North America. Coach has been trying to boost sales in Asia and Europe as...

  • However, reassuring results from two bellwethers, food giant Danone and luxury group LVMH, helped soothe worries over the outlook for corporate results in Europe as the earnings season kicks off. Shares in Danone rose 3.4 percent after it posted a better-than-expected rise in third-quarter sales, helped by improving baby food sales in Asia where the French...

  • Trouble ahead? Wealthy consumers slow spending Tuesday, 14 Oct 2014 | 2:59 PM ET
    Customers look at merchandise in a Chanel SA store.

    Affluent shoppers have been the fuel for the consumer recovery since 2009. But now, they may be putting away their big wallets.

  • *Market recovers after Citi results, U.S. stocks rally. LONDON, Oct 14- Europe's benchmark share index recovered late on Tuesday after hitting an eight-month low earlier in the day on global growth concerns, with Citigroup results and a rally in U.S. stocks cheering some investors. Citigroup reported a better-than-expected 13 percent rise in adjusted...

  • *Market recovers after Citi results, U.S. stocks rally. LONDON, Oct 14- Europe's benchmark share index recovered late on Tuesday after hitting an eight-month low earlier in the day on global growth concerns, with Citigroup results and a rally in U.S. stocks cheering some investors. Citigroup reported a better-than-expected 13 percent rise in adjusted...

  • Europe shares close higher on Wall Street earnings Tuesday, 14 Oct 2014 | 11:41 AM ET

    European shares trimmed their losses and closed higher as a number of U.S. banks reported positive earnings.

  • Bank CEOs see US economy improving Tuesday, 14 Oct 2014 | 11:29 AM ET
    Jamie Dimon and John Stumpf

    Weakness in stocks is distracting from economic tailwinds: lower oil prices, a better U.S. economy, and high cash levels at U.S. corporations.

  • PARIS/ FRANKFURT, Oct 14- One of France's largest banks launched a service on Tuesday to allow its customers to transfer money to other people via tweets on social network Twitter Inc.. The move by Groupe BPCE, France's second largest bank by customers, is an effort to attract attention and users to its S-Money mobile payments unit, which already allows people to...

  • European shares sink to 8-month low on growth jitters Tuesday, 14 Oct 2014 | 7:15 AM ET

    "The survey further confirmed the stagnation in Europe, which is building on a negative sentiment that has already been growing with previous data points. We are cautious on Europe and therefore very cautious on cyclicals such as banks, "said Lorne Baring, managing director of B Capital Wealth Management. "Investors are pricing in continued bad data prints...

  • UPDATE 1-Costco to enter China through Alibaba's Tmall Tuesday, 14 Oct 2014 | 7:08 AM ET

    Oct 14- U.S. warehouse club operator Costco Wholesale Corp said it would open an online store in China using Alibaba Group Holding Ltd's fast-growing Tmall online marketplace, entering the country's booming ecommerce market to combat slowing sales at home. Costco said the online store would provide customers in mainland China with both branded products,...

  • Mulberry shares tank as luxury takes a beating Tuesday, 14 Oct 2014 | 6:48 AM ET

    Shares in luxury handbag maker Mulberry plunged after it issued another profit warning as it continues on a painful turnaround strategy.