LONDON, UNITED KINGDOM – 2020/07/16: Storefront of the Burberry store in the prestigious New Bond Street. (Photo by Dave Rushen/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images LONDON — British luxury fashion house Burberry Group dropped out of the U.K.’s FTSE 100 stock market index on Wednesday, as waning sales and a slew of management…
City of London skyline on 6th March 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — European stocks closed flat on the first trading day in September as investors considered the outlook for markets. The pan-European Stoxx 600 closed 0.04% lower, with regional bourses and sectors diverging. Retail stocks ended 0.77% lower, while…
LONDON — European markets fell sharply at the start of the new trading week, though pared losses towards the end of the session amid a global stock sell-off. The regional Stoxx 600 index closed 2.17% lower, pulling back from declines of more than 3% as the technology sector clawed back some ground to end 0.9% lower. All sectors and…
Boeing on Wednesday said it will continue to burn cash this quarter and reported a wider quarterly loss and weaker revenue than analysts expected as both its commercial airplane and defense programs continued to struggle. Boeing also said it hired more-than-three-decade aerospace industry veteran Robert “Kelly” Ortberg to become its next CEO as the manufacturer tries to regain its…
