Year of the fire horse brings glad tidings as Burberry’s bet on China pays off Retail FTSE 100 fashion house Burberry had spooked the market with its drastic cost-cutting turnaround, but its full-year results saw the brand canter back to profit. Felix Armstrong looks at the firm’s renewed focus on Chinese consumers British luxury brand Burberry has identified a symbol of “luck and prosperity” according to its latest collection for the [...]
As it happened: Markets on high alert as Streeting calls on Starmer to resign Markets Welcome back to the City AM liveblog. The past few days of political drama have to come to a head today and UK assets are bracing for a showdown. All eyes were on the bond market after Wes Streeting resigned as health secretary and called for a leadership contest. Gilt yields see-sawed yesterday as Sir [...]
Burberry swings back to profit after cost-cutting regime Retail Burberry has returned to profit as it hails a “meaningful inflection point” in its turnaround, following drastic job cuts and savings drives. The FTSE 100 fashion house took £49m in pre-tax profit in the year to March, marking a recovery from its £66m pre-tax loss in the year prior. The brand has pivoted towards “timeless [...]
Burberry hopes for boost from its bet on British May 13, 2026 Burberry approaches its crucial full-year results amid a drastic turnaround. Felix Armstrong unpacks what analysts and investors will be expecting from the FTSE 100 fashion house Is there anything more British than Olivia Colman serving fish and chips? The minds behind Burberry’s turnaround – and a recent ad campaign starring the actress – will be [...]
Hermès and Gucci shares tank in ‘dismal’ week for luxury brands April 16, 2026 Investors have fled from leading luxury stocks like Hermès and Gucci this week after they revealed tumbling sales as a result of the Iran war. The market was quick to respond to the poor results from several top fashion houses, as doubts swirl around the Middle East’s role as a key market for luxury brands. [...]
Diageo, Burberry rally after Trump tariff ruling February 20, 2026 Shares in two of the FTSE 100’s biggest retailers rallied on Friday afternoon after it was revealed President Trump’s sweeping global tariff regime had been struck down by the top US court. Burberry shares ended the day’s trading session up 3.2 per cent to 1,212p, while Diageo jumped 3.9 per cent to 1,851p after the [...]
Mind the G: Guinness takes over tube platforms in TfL brand deal February 11, 2026 Commuters with sore heads and a creeping sense of dread may fear they’ve seen a mirage when alighting from the Northern Line platforms at Tottenham Court Road for the next week. Eleven tube route maps in the station have been temporarily resigned to mimic a pint of Guinness in Transport for London’s (TfL) latest advertising [...]
UK dividends jump in the final financial quarter of 2025 January 29, 2026 UK dividends rose in the final quarter of 2025, lifted by better than anticipated payouts across a range of sectors. Dividends jumped 1.3 per cent on a headline basis to £14.3bn, according to the latest dividend monitor figures from financial services company Computershare. Regular dividends, excluding one-off special payments, rose to £13.9bn, up 2.1 per [...]
Bake-off: Ex-WH Smith finance chief withdraws from Greggs role after audit blunder November 19, 2025 The former finance chief of WH Smith will no longer take up a position on the board of Greggs after a damning audit report into the travel retailer revealed inconsistent accounting practices during his stint as finance boss. In a statement to investors on Wednesday, the high-street bakery confirmed that Robert Moorhead, who stepped down [...]
Businesses back Heathrow bid to run third runway November 18, 2025 A group of well-known firms has urged ministers to approve the third runway expansion plan tabled by the owner of Heathrow airport, arguing its plan will deliver “the greatest economic benefit to the UK”. In a letter to transport secretary Heidi Alexander, bosses from the likes of Burberry, Caffe Nero and Fortnum and Mason threw [...]