RBC Capital Markets has maintained an Outperform rating on Burberry Group PLC, projecting a 30% upside with a price target of 1,400p. The positive outlook follows Burberry's full-year results showing steady progress in revenue and operational improvements, with FY27 organic revenue growth forecast raised to 4.7% and gross margin increased to 68.4%. The broker highlights Burberry as a strong turnaround story driven by a credible leadership team and a focus on British heritage products. Investors may benefit from faster earnings growth or improved margins amid a challenging luxury sector environment.
Sodexo has secured a major global contract to provide catering services across more than 130 Meta sites in over 30 countries. This large-scale partnership includes diverse locations such as headquarters, campuses, data centers, and conference centers...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Gabriel Holding A/S has agreed to sell its European FurnMaster furniture manufacturing operations, including subsidiaries in Poland and Lithuania, to Leggett & Platt for an initial price of approximately EUR 9 million, with a possible additional paym...
A Gaza resident raised over £55,000 on GoFundMe to support his family but faced issues as the platform cannot pay directly to Gaza, forcing funds through intermediaries who failed to deliver the full amount. This highlights a broader problem in human...
Crypto investigator ZachXBT criticized all current hardware wallets as insecure and unreliable for signing transactions or storing significant funds. He highlighted Ledger as particularly problematic due to frequent updates that disrupt basic functio...
