|Bid||1,744.00 x 123800|
|Ask||1,745.00 x 230600|
|Day's Range||1,729.00 - 1,765.00|
|52 Week Range||1,618.50 - 2,338.00|
|Beta (3Y Monthly)||1.59|
|PE Ratio (TTM)||21.32|
|Forward Dividend & Yield||0.42 (2.51%)|
|1y Target Est||N/A|
Italy's Prada will stop using animal fur in its products from the 2020 women's spring-summer collections to be presented in September, the luxury group said on Wednesday. The decision is part of a wider trend among fashion brands to champion ethical and sustainable policies in a bid to win over environmentally-savvy younger customers. In September, London Fashion Week declared itself fur-free for the first time, just a few days after a similar announcement from Britain's Burberry.
Rallying banks and mining stocks lifted Britain's FTSE 100 on Thursday, but weak earnings hit luxury brand Burberry and Thomas Cook was floored by a profit warning. The main index bounced 0.8%, gaining for the third consecutive session, and the mid-caps gained by the same margin, helped by strong earnings reports.
Britain's FTSE 100 retreated on Thursday as U.S. curbs on Chinese telecoms company Huawei further strained relations between Beijing and Washington. Small-cap Thomas Cook slumped to its lowest in more than six years after another profit warning.
European shares retreated on Thursday after Washington blacklisted Chinese telecoms giant Huawei, adding another confrontational element to the U.S.-China trade dispute. The U.S. Commerce Department said it was adding Huawei Technologies Co Ltd and 70 affiliates to its Entity List, which bans the company from acquiring components and technology from U.S. firms without government approval. News on Wednesday that U.S. President Donald Trump was planning to delay the imposition of tariffs on imported cars and parts helped European markets swing higher late in the session.
Britain's main index was dragged back to its six-week low on Thursday as markets remained wary of an imminent tariff hike as trade talks between the United States and China resumed in Washington. The internationally focused FTSE 100 lost 0.9 percent and was set for its steepest weekly fall since early December, with industrials, miners and Asia-exposed stocks leading the drop. The midcaps gave up 1.3 percent, lagging the main index, whose losses were capped due to gains across so-called defensive stocks, which are deemed safer bets at times of economic troubles.
European shares slipped on Thursday as investor sentiment was dented by global growth slowdown fears but gains in France thanks to strong earnings helped set a lower limit to the broader decline. The U.S. Federal Reserve maintained its patient stance on Wednesday citing risks from a cooling global economy and an unresolved trade dispute with China and potentially the European Union, which came shortly after the European Central Bank had also maintained its dovish stance. Ireland's Brexit-sensitive ISEQ stock index was flat after the European Union gave British Prime Minister Theresa May until October to leave the bloc, but the lack of clarity on when, how or even if Brexit will happen, kept a lid on gains.
European shares touched a near eight-month high on Wednesday as investors took heart from possible progress towards a trade deal between Beijing and Washington and encouraging economic data out of China and Europe. White House economic adviser Larry Kudlow said on Tuesday he expects the United States and China "to make more headway" as the two sides resume trade talks this week. "Markets really grab anything that is positive, with trade being the case today, although we still have to see whether the trade negotiations will lead to a positive and stable outcome," said Elwin de Groot, head of macro strategy at Rabobank.
Stocks in Europe climbed for a fourth straight session on Wednesday, propped up by positive sentiment about a potential U.S.-China trade deal, hopes of a smoother Brexit and strong economic data in China and the Eurozone. White House economic adviser Larry Kudlow on Tuesday said "more headway" is expected to be made in U.S.-China trade talks this week, while U.K. Prime Minister Theresa May met opposition leader Jeremy Corbyn on Wednesday, seeking a way out of a Brexit stalemate.
The prospect of a further delay to Brexit eased some fears of a disruptive no-deal departure and sparked a rally in homebuilders and banks on Wednesday, helping London's main index hold on to a six-month high, while midcaps outperformed. The FTSE 250 bounced 1.2 percent - its biggest rise in two-and-a-half months - for a fifth straight session of gains, while the FTSE 100 added 0.4 percent and ended the session at its highest level since early October. Prime Minister Theresa May said on Tuesday said she would seek another Brexit delay beyond April 12, hoping to try to agree a European Union divorce deal with the opposition Labour leader.
Britain's top share index broke a four-day winning streak on Wednesday as strength in banks and homebuilders on the prospect of another Brexit extension was outweighed by weakness in exporter stocks after the pound found its ground. The FTSE 100 was 0.1 percent lower by 0721 GMT, while the more domestically-focussed FTSE 250 added 0.3 percent as the local currency strengthened. Prime Minister Theresa May, after seven hours of cabinet meetings on Tuesday, said she would seek another Brexit delay beyond April 12 to try and agree a European Union divorce deal with the opposition Labour leader.
European shares rose for the fourth straight session on Wednesday, as investors took heart from further signs of recovery in China and progress towards a possible trade deal between Beijing and Washington. White House economic adviser Larry Kudlow said on Tuesday he expects the United States and China "to make more headway" as the two sides resume trade talks this week. Strong economic data out of China has also helped sentiment.
A rally in exporters boosted London's blue-chip bourse on Thursday as the pound weakened with odds stacked against Prime Minister Theresa May on getting her Brexit deal through parliament, while tobacco giants and oil majors also gained. The FTSE 100, which earns more than two-thirds of its earnings in U.S. dollars, added 0.6 percent on its best day in a week - and the FTSE 250 was up 0.1 percent.
Britain's luxury sector, including names such as fashion house Burberry and car maker Bentley, could lose up to 6.8 billion pounds ($8.9 billion) in exports a year if the world's fifth largest economy crashes out of the European Union without a deal, research commissioned by the sector indicated. The United Kingdom's tortuous crisis over EU membership is approaching its finale with an extraordinary array of options including a delay, a last-minute deal, a no-deal Brexit, a snap election or even another referendum. Research commissioned by Walpole, the lobby group for the luxury industry, indicated that up to a fifth of British luxury exports would be at risk if the United Kingdom left without a deal on March 29.
Britain's FTSE 100 inched up on Wednesday as tobacco stocks gained on U.S. FDA Commissioner Scott Gottlieb's departure and DS Smith rose after selling its plastics division, while Legal & General slipped after results. The FTSE 100 gained for the fourth straight session and closed 0.2 percent higher, while the FTSE 250 was 0.4 percent lower as a weaker pound weighed.
The FTSE 100 added 0.5 percent, as a steep fall in information and analytics provider Relx curbed gains in the index, while the FTSE 250 bounced 1.1 percent to levels not seen since early November. "I think the market is progressively anticipating a compromise (on Brexit) ... I remain optimistic regarding the pound and more domestic UK shares," Raymond James analyst Chris Bailey said. London Stock Exchange Group added 4.2 percent after a rise in 2018 adjusted operating profit and a round of job cuts.
Fashion label Burberry has received online backlash after unveiling a hoodie with a rope tied around its neck like a noose. The company’s CEO has apologized for the “distress” caused by the design and removed the look from Burberry’s collection. Model Liz Kennedy publicized the issue in a damning Instagram post this week.
Burberry Group Plc creative head Riccardo Tisci went back to his fashion-student days in 1990s London for his second catwalk show for the luxury label on Sunday, presenting a collection he said looked at Britain as a country of contrasts. Presenting an Autumn/Winter 2019 line entitled "Tempest," the Italian designer dressed models, including Gigi Hadid and Natalia Vodianova, in streetwear as well as the British brand's traditional more elegant day and evening outfits. Two rooms, with different music including thumping rap, instrumental and snippets of news bulletins, added to the idea of contrasts in the show, which began with the edgy looks of oversized puffer and quilted jackets, loose polo shirts, corset tops, slip dresses and loose tracksuit-like trousers.