Burberry Cuts, Alstom Derailed, TUI Drops
On this episode of Stock Movers:- Burberry plans to cut almost one-fifth of its work force as its new chief executive officer tries to turn around the British trench-coat maker, after its push into high fashion flopped amid a downturn in global demand for luxury goods.- Alstom falls as much as 17%, the most since November 2023, after the French transport system company’s latest earnings. Morgan Stanley says the quarterly print is ahead “but the softer guidance will likely be the focus,” while JPMorgan called the outlook “somewhat light.”- TUI shares slide as much…
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