BurberryThat great British institution Burberry is trendy again or so they would have us believe. Be that as it may its shares were sought after last week as they rose nearly 6% after Angela Ahrendts, Burberry's CEO said its British business was “on fire”! Burberry has suffered in recent years from an image problem as its famous Burberry check goods were hijacked by the great unwashed. Burberry has therefore had to embark upon a campaign to regain its satus as a luxury brand, which it appears to be doing rather successfully.
Ms Ahrendts boasted at an interview at London Fashion Week that the UK business has outperformed the market “for quite a while” and added that demand for luxury goods could only get better (a strange turn of phrase as it could also mean that it couldn't get any worse - although it seems that demand for luxury goods is indeed high - see Coach handbags best luxury stock).
Burberry rose 26p to 502½p, the biggest jumper in the FTSE 100 as analysts stated that the South Korean business also seems to be recovering. For information about Burberry goods see - Burberry boots and Burberry handbags
The market as a whole feel 3 points to 5139 after being positive most of the day. Could October be the month this rally finally fizzles out - Stock Market Crash for Beginners
Burberry 5 Year Chart with the 200 Day Moving Average in Red
For information about stock market charts and the 200 day moving average see - stock charts for beginners
For info. about takeover rumours see - Burberry shares
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