Market Impact of Burberry's Profit Warning and US Political Uncertainty on London Stock Exchange
Monday, 15 July 2024, 07:51
Market Decline in London
The FTSE 100 index showed a decrease of 0.6%, while the FTSE 250 dropped by 0.5%.
Burberry's Stock Plunge
Shares of Burberry witnessed a significant decline of 10.7% after the abrupt removal of CEO Jonathan Akeroyd and profit warning.
New CEO Appointment
Former Michael Kors boss Joshua Schulman has been named as the new chief executive of Burberry, marking a pivotal change in the company's leadership.
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