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Moody's Cuts Burberry's Rating, Maintains Negative Outlook
Correction to Burberry Adj EPS Flash Headline on Thursday
Coming Undone: Balance Restored in Luxury Category as Tapestry and Capri Call off Merger
Is a turning point for the luxury goods industry coming? Burberry announces a new global strategy to turn its predicament around, and the stock price surged by 22%.
Burberry announced its financial report on Thursday, showing a significant revenue decline of 22% and a shift from profit to loss year-on-year. However, the new CEO simultaneously announced a global strategy restructuring plan and a £40 million cost-saving initiative, which temporarily boosted the company's stock price by 22%, marking the largest single-day rise in the stock's history, ending a streak of four consecutive days of decline. Analysts reacted positively to the news, pointing out that this transformation could signify a 'turning point' for the brand in distress.
Burberry Shares Soar 17% as New CEO Pledges Focus on Fashion Brands' Heritage
Burberry's Strategy Needs More Than Just a Focus on Outerwear, Scarves -- Market Talk
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Northsea9 : I have held long-term equity in INTC for a while, almost the same as SIRI! Dead stock! Not recommended for investment! Thank you for the analysis! I hope INTC's global strategy undergoes fundamental changes, following IBM as a model. Progress requires change!
Space Dust : yes, Intel has been
whipsawed by geopolitics more than any other company. The government will reward the stewardship and dedication to American security.
Government money inbound. short answer
Lawliet Taurus OP Space Dust : The government cannot sustain this stock. The government is working with the company for the US interest, we shareholders only profit from new products that the company opens to the public brother..![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Lawliet Taurus OP Northsea9 : I feel sad about your loss. It's hard to believe that American companies are doing strange things now. There are other companies that are stable, but I feel like it's just a matter of time and difficult to find.