Burberry Stock News

Der französische Luxusgüterkonzern LVMH sorgte für Anlegerjubel, nachdem er überraschend gute Ergebnisse zum dritten Quartal präsentiert hatte.

Burberry share price jumped by 6.50% on Wednesday as investors reacted to the latest earnings from LVMH, the biggest company in the industry. BRBY stock jumped by 6% to 1,235p, up from last month's low of 1,150p.

Louis Vuitton Moet Hennessy (EPA:MC) reported a smaller decline in sales in the past quarter than was feared by the market, lifting its shares over 11% and boosting those of its sector peers, including Burberry Group PLC (LSE:BRBY) and Watches of Switzerland Group PLC (LSE:WOSG).  The owner of Christian Dior, Givenchy, Bulgari and Tiffany owner posted third-quareter results showing revenues of ...

Luxury investors have found their appetite again

At Burberry Group PLC's (LSE:BRBY) interim results in mid-November, investors will be watching for evidence that CEO Jonathan Schulman's turnaround is gaining traction after recent share price weakness. The shares have come under pressure "due to market concerns over its stalling brand momentum" in the midst of the turnaround.

Short interest is an imperfect but useful indicator of investor sentiment. Healthy pullbacks on even the most bullish stocks are a normal part of a healthy market.

Burberry's turnaround drive, which has tapped Oscar winner Olivia Colman and Oasis frontman Liam Gallagher to champion its British heritage and classic trench coats, faces a fresh test on Monday when it unveils its latest designs at London Fashion Week.

Burberry Group PLC (LSE:BRBY) continues to execute on its strategy, that's according to Citibank analysts who met the CFO recently. Citi, following an IR meeting at the British designer's flagship Regent Street store, upgraded Burberry to 'buy'.