The Week Ahead: Burberry limbers up for its first-half trading update
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Version 0 of 1. Burberry struts its stuff on Thursday as the luxury fashion brand limbers up for its first-half trading update amid a slowdown in China – a huge market for Burberry. Analysts at Barclays predict like-for-like sales will rise just 4 per cent in a “tough environment” – a far cry from the 8 per cent gain Burberry saw in the first quarter before China’s slowdown gripped global markets. Tomorrow, recruiter Michael Page (now known as PageGroup) is set to bring out a third-quarter trading update. JPMorgan has concerns about the FTSE 250 firm’s international growth and increasing competition from online business networking site LinkedIn. Wednesday sees first-half results from clothing retailer N Brown and posh wallpaper firm Walker Greenbank. Domino’s Pizza is due to deliver a third-quarter update on Wednesday, while fund supermarket Hargreaves Lansdown also updates on trading. On Thursday, annual results are out from WH Smith and Booker Group, with third-quarter results scheduled for consumer goods giant Unilever and a third-quarter statement from hedge fund Man Group. The US earnings season into gets into full swing with big banks including Goldman Sachs reporting third-quarter results. |