The FTSE 100 Index remained in a narrow range this week as traders watched the developments in the Middle East, where odds of a deal between the US and Iran rose. It also wavered because of the weak HSBC earnings.
Burberry Group PLC's (LSE:BRBY) recovery from one of the most dramatic falls from grace in British retail is gathering momentum, with the luxury fashion house's pivot back to its heritage strengths – outerwear, iconic branding and more accessible price points – showing early signs of working. UBS, which has been positive on the stock since last year, expects the company's full-year results in May to confirm the new strategy is taking hold, forecasting fourth-quarter retail sales of £554 million, up 6% on a like-for-like basis.
The aerospace engineer, luxury goods group and conference organiser have all been swept up in the market fallout from the Middle East hostilities The escalating military conflict involving Iran continued to reshape the FTSE 100 on Monday, claiming a diverse set of casualties beyond the obvious targets as investors reassessed exposure to anything tied to aviation, Gulf commerce or consumer spending. Rolls-Royce Holdings PLC (LSE:RR.
Soft investor sentiment towards luxury stocks is weighing on names such as Burberry Group PLC and Watches of Switzerland Group PLC, with RBC Capital Markets warning that a lack of earnings momentum is translating into weak market interest. In its latest look at luxury datawatch, analysts at the bank said feedback from US investor meetings pointed to “some of the weakest” sentiment since 2014-2016.
The Burberry Group PLC (LSE:BRBY) turnaround is gaining traction, according to Barclays, as the British fashion house “checked all the boxes” in last week's trading update, delivering a second consecutive quarter of positive retail sales growth, including a return to growth in China Barclays analyst Carole Madjo, who upgraded the luxury group to 'overweight' and raised the price target to 1,450p, said the update strengthened confidence that CEO Joshua Schulman's Burberry Forward strategy is working. Burberry is now seen as an “attractive self-help play for 2026”, with momentum building in both revenue and earnings.
Burberry Group plc (BURBY) Q3 2026 Sales/Trading Call Transcript
The group reported double-digit growth among Gen Z in Greater China and Asia-Pacific, adding its reach with younger consumers across all regions was strengthening.
Burberry Group PLC (LSE:BRBY) shares fell 2.4% to 1,145p on Friday after JPMorgan cut its rating to 'underweight', warning that hopes for a sharp improvement next year look too optimistic. The bank said that while 2026 should bring a degree of stabilisation to the luxury sector after two turbulent years, the recovery is likely to be uneven.
Olivier Bron, CEO of Bloomingdale's, says consumers are ready to spend and he aims to rebuild the next golden age of the brand. As holiday shopping ramps up, Burberry CEO Joshua Schulman tells Bloomberg's Romaine Bostick that Bloomingdale's is the perfect place to showcase the company's timeless British luxury for Burberry customers, Bloomingdale's shoppers, and all of New York City during the holiday season.
Burberry Group PLC (LSE:BRBY) has seen a modest uplift in broker expectations after analysts at Deutsche Bank highlighted signs of sequential progress in the company's strategy. The German bank's London-based analysts nudged up their price target to 1550p from 1500p and repeated a 'Buy' rating.
Burberry Group plc (OTCPK:BURBY) Q2 2026 Earnings Call November 13, 2025 4:30 AM EST Company Participants Joshua Schulman - CEO & Executive Director Catherine Ferry - Executive Director & CFO Lauren Leng - Head of Investor Relations Conference Call Participants Carol Mathis - Barclays Capital Inc. Luca Solca - Sanford C. Bernstein & Co., LLC.
Burberry reported same-store sales growth for the first time in two years. The luxury brand has refocused on its British heritage, and it's paying off.