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"LONDON (AP) — The economic repercussions of the plunge in the British pound were on display Tuesday as the currency's drop helped boost sales at luxury goods maker Burberry but triggered a profit warning from budget airline Ryanair. British consumers were squeezed by these competing forces last week when Tesco, the country's biggest supermarket chain, pulled the popular breakfast spread Marmite and other products made by consumer goods giant Unilever off its website when the Netherlands-based company maker sought to raise prices. The company got and added boost as tourists from countries such as China and the U.S. flocked to London to take advantage of their increased buying power. [...] on an underlying basis, which excludes the impact of currency exchange rates, revenue fell 4 percent, a weak result that saw Burberry shares slide 7 percent. [...] Ryanair cited the slump in the pound as the airline cut its forecast for fiscal 2017 earnings by 5 percent.", www.newstimes.com
"Recently stock market research analysts have changed their consensus ratings and price targets on shares of HSBC Holdings (LON:HSBA). The latest broker reports which are currently outstanding on Tuesday 28th of June state 6 analysts have a rating of “strong buy”, 1 analysts “buy”, 9 analysts “neutral”, 2 analysts “sell” and 4 analysts “strong sell”. […]", www.fiscalstandard.com
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