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Burberry Group PLC

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  • *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.

  • UPDATE 2-Burberry says markets getting tougher Tuesday, 14 Oct 2014 | 6:34 AM ET

    Shares in the 158- year-old fashion company, known for its raincoats with camel, red and black check patterned linings, fell up to 6 percent on Tuesday after Burberry said the "external environment becoming more difficult." The global luxury goods industry is facing a testing time, with the Ukraine crisis hitting demand in Russia and pro-democracy...

  • LONDON, Oct 14- British luxury handbag maker Mulberry cut its profit forecast for the third time this year, saying a drop in tourist shoppers had compounded the disruption to its business from a shift back to selling lower-priced bags. Luxury brands are struggling with cooling demand from emerging markets such as China and Russia, as well as a drop in tourists...

  • European shares resume slide, Iliad surges Tuesday, 14 Oct 2014 | 4:34 AM ET

    PARIS, Oct 14- European stocks fell early on Tuesday, losing ground for the seventh time in 10 sessions and tracking steep losses on Wall Street as investors fret about the strength of the global economy. British luxury brand Burberry was among the top losers in Europe, down 4.4 percent after warning that market conditions were becoming more difficult, partly...

  • Burberry, Mulberry shares slide as prospects wane Tuesday, 14 Oct 2014 | 3:18 AM ET
    Burberry store at London's Heathrow Airport

    British luxury brand Burberry posted a 15 percent rise in retail revenue in its first half, reflecting a strong performance across all regions.

  • Twitter users in France can now tweet money Monday, 13 Oct 2014 | 1:10 AM ET

    One of France's largest banks is teaming up with social network Twitter this week to allow its customers to transfer money via tweets.

  • PARIS/ FRANKFURT, Oct 12- One of France's largest banks is teaming up with social network Twitter Inc. this week to allow its customers to transfer money via tweets. The move by Groupe BPCE, France's second largest bank by customers, coincides with Twitter's own push into the world of online payments as the social network seeks new sources of revenue beyond...

  • Burberry’s Bailey tops LGBT business ranking Wednesday, 8 Oct 2014 | 7:49 PM ET
    Christopher Bailey attends the Serpentine Gallery Summer Party at The Serpentine Gallery in London.

    Burberry CEO Christopher Bailey has come top in a new ranking of the world’s top lesbian, gay, bisexual, and transgender business leaders.

  • Angela Ahrendts Monday, 6 Oct 2014 | 6:26 AM ET

    Senior vice president of retail, Apple

  • Oct 3- Pro-democracy protests in Hong Kong have disrupted business and hit share prices of luxury goods companies, ruining what is normally one of the busiest shopping weeks of the year. The protests in Hong Kong, the biggest challenge to Beijing's leaders since the former British colony reverted to Chinese rule in 1997, coincide with China's "Golden Week"...