Page 9 - Jonathan Akeroyd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Burberry Group Plc slumped after the UK trenchcoat maker slashed its profit forecast, a fresh sign that demand for luxury goods, particularly in the US, is waning.Most Read from BloombergGoogle Lays Off Hundreds in Hardware, Assistant, EngineeringUS and UK Strike Yemen’s Houthis After Red Sea Ship AttacksUK’s Sunak Authorizes Joint Military Strikes With US Against HouthisHertz to Sell 20,000 EVs in Shift Back to Gas-Powered CarsSEC Authorizes Bitcoin-Spot ETFs in Crypto’s Breakthr

Burberry Group PLC on Friday warned it anticipates its annual results to be below previous expectations following a weaker festive period, with luxury retail demand waning. Shares in Burberry...

British luxury fashion brand Burberry warned on its full year profit outlook for the second time in three months on Friday, blaming a further slowing in global demand in the run up to Christmas,...

The Group remains confident in its strategy to realize Burberry's potential as a modern British luxury brand. It is committed to achieving the sales target of £4 billion.Retail sales in the period to...

Among the companies with reports and trading updates today are Burberry, Vistry, John Wood Group and Warpaint.