BURBERRY GROUP

HSBC downgraded Burberry from "Buy" to "Hold" and cut the price target from 1,350 to 1,200 pence, after which the share fell about 3.3% to 1,043 pence. Analysts said the move was driven by the view that the turnaround is largely priced in and that there is limited scope for further revenue or earnings upgrades. HSBC also cited tougher year‑on‑year comparisons in H2 2026 and weaker demand on the Chinese mainland as headwinds; a downgrade of LVMH intensified the negative sector sentiment. Macro risks such as rising oil prices and inflation concerns made investors cautious and pushed the stock further below its 52‑week high. » More on de.investing.com

In its trading update for Q1 FY27 Burberry reported like‑for‑like retail growth of 5% in the 13 weeks to the end of June and revenue of £455m. The Americas led with +12% and Greater China with +9%, while sales in the EMEIA region fell 3%, which the company attributes to lower tourist activity resulting from the Middle East conflict. The stock fell about 4.7% to 1,068 pence and is roughly 22% below its 52‑week high; analyst consensus remains broadly neutral to hold. » More on de.investing.com

Burberry fell about 8% after publishing preliminary results for fiscal 2026: revenue of £2.4bn was broadly flat but missed forecasts by roughly 1.42%. The company announced no dividend and gave cautious guidance for wholesale growth in the first half of 2027, disappointing investors. Positives include a marked improvement in adjusted profit to £160m and strong momentum in the fourth quarter in Greater China and the Americas; a change in the chair of the board is also forthcoming. » More on de.investing.com

Burberry said its new Cotswolds tote, priced around and under £2,000, helped drive improved bag sales in North America and contributed to a return to full-year pre-tax profit of £49m versus a £66m loss a year earlier. The group reported flat underlying sales at £2.4bn, cut £80m of annual costs and pared store numbers while regaining customers in China and North America. Burberry said ready-to-wear and core categories are recovering, aims for a £3bn sales milestone, and remains confident of meeting analysts' profit expectations despite a 5% share drop after regional travel disruption hit sales in Europe and the Middle East. » More on theguardian.com

Burberry announced that Gerry Murphy will retire in November 2026 after the publication of the half‑year results and that William Jackson will be his successor. Jackson will join the board as a non‑executive member on July 1, 2026, and will stand for election at the general meeting on July 15, 2026. Jackson is the founder of Bridgepoint, where he served as CEO and chairman, and has been a supervisory board member at several corporations; the supervisory board regards him as independent. » More on de.investing.com