The bullish outlook for the U.S. may be undermined by negative earnings warnings this week in nearly every sector of the domestic economy.» Read More
European equities ended in the red on Wednesday, as investors failed to shake off concerns over the economic slowdown in China.
European stocks closed in the red on Tuesday as investors failed to shake off fresh concerns of a slowdown in China's economy.
Asia & luxury once slotted together as well as Cinderella and the glass slipper, but as China’s economic situation deteriorated, is this still true?
British luxury designer Burberry will show off its latest fashion collection on Snapchat before it hits the runway at London Fashion Week.
*SABMiller up 23 pct on InBev takeover approach. LONDON/ MILAN, Sept 16- European shares were higher at midday on Wednesday, with M&A hopes sending SABMiller and InBev sharply higher while the broader market was underpinned by overnight gains on Wall Street and in Asia. SABMiller rose 23 percent to a six-month high after the company said rival InBev intended to...
*Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, Sept 16- European shares climbed on Wednesday, with luxury goods group Richemont and fashion group Inditex outperforming, as the region's stock markets were buoyed by gains overnight on U.S. and Asian equities. Richemont surged 6.7 percent after reporting higher sales, boosting the shares of...
The recent stock market rout and currency devaluation have dealt a blow to China's luxury market, the New York Times reports.
European stock markets closed sharply lower on Wednesday, as investors tried to understand the state of China's economy.
The yuan devaluation may have a tougher impact on global companies than previously thought, as China’s drive to produce top-quality goods intensifies.
As China’s central bank devalues the country’s currency for the second time in two days, one sector is expected to be hit the hardest: luxury.
European equities ended sharply lower on Tuesday, amid the surprising news that China has allowed a "one-time" depreciation of its currency against the U.S. dollar.
LONDON, July 16- Investors in British luxury brand Burberry overwhelmingly backed boss Christopher Bailey's multi-million pound pay package on Thursday, a reversal from last year when they opposed his remuneration. Bailey, a Burberry veteran of 14 years, has been instrumental in its success and was promoted to chief creative and chief executive officer last...
European equities ended higher on Wednesday as investors eyed a Greek parliamentary vote on a raft of reform measures.
*China- exposed European stocks seem vulnerable. LONDON, July 15- European auto and luxury goods shares face a bumpy ride due to their high exposure to China, where recent economic data has failed to dissipate investor concerns about growth and volatile stock markets. While European shares look poised to rally again after a Greek debt deal that reduces the risk of...
*Greece to vote on bailout deal. *Syngenta top riser after hedge fund takes a stake. LONDON, July 15- European shares steadied at three-week highs on Wednesday, led by pesticide maker Syngenta, with investors focused on a crucial vote in Greece on a proposed bailout package to save the country from bankruptcy.
LONDON, July 15- Falling sales in Burberry's Hong Kong market will not deter the British luxury brand from its commitment to one of its most profitable regions, it said on Wednesday. Pro-democracy protests in the city, which accounts for around 10 percent of Burberry's total retail and wholesale sales gathered pace last year, keeping mainland Chinese tourists...
*Greece to vote on bailout deal. LONDON, July 15- European shares edged lower on Wednesday on lingering uncertainty over Greece and a tumble in bearings maker SKF after it warned of weaker demand. The pan-European FTSEurofirst 300 index was down 0.1 percent at 1,578.69 points by 0822 GMT, while the euro zone's Euro STOXX 50 index edged 0.2 percent lower.
Burberry posted underlying growth of 8 percent in first quarter retail revenue, a slowdown from the previous period.
LONDON, July 15- British luxury goods maker Burberry on Wednesday posted underlying growth of 8 percent in first quarter retail revenue, a slowdown from the previous period partly reflecting a further deceleration in Hong Kong. The 159- year-old firm, known for its British-made trench coats and cashmere scarves, said it made 407 million pounds of retail...
Retail analyst Stacey Widlitz says there are fresh reasons to worry about the Chinese consumer's appetite for luxury goods.