Sentiment Trading

Burberry Group PLC plans to cut up to 1,700 jobs, approximately 18% of its workforce, as the luxury fashion brand seeks to reverse a downturn in its financial performance and improve its financial health.

Burberry Group PLC is navigating the complex global luxury goods market with a strong financial foundation and strategic initiatives, positioning it for success despite European market stability.

Burberry Group PLC has received a buy rating from Citi for the first time in 17 years, a development that could boost investor confidence and drive future stock performance.