Stock Movers Burberry Cuts, Alstom Derailed, TUI Drops
May 14, 2025
Burberry is slashing nearly one-fifth of its workforce as it struggles with a high fashion pivot that backfired amid luxury market challenges. In a turbulent turn of events, Alstom's stock plummets 17%, influenced by disappointing future guidance despite better-than-expected earnings. Meanwhile, TUI faces an 11% drop in shares, driven by a concerning dip in summer bookings, even as it reports a smaller-than-anticipated loss. The landscape reveals thrilling ups and downs in the stock market!
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Burberry's Cost Cuts And Sales Impact
- Burberry plans to cut 1,700 jobs to save £60 million amid sales drops.
- The Chinese market weakened 15%, but results beat some expectations, boosting shares.
Alstom's Debt Weighs On Stock
- Alstom's stock fell 17% due to high debt and cash outflow concerns.
- Despite strong order backlogs, debt servicing limits dividend payments and investor confidence.
Reporter’s Experience With TUI
- Joe Eason recently took a holiday booked via TUI in Lanzarote.
- Despite personal use, TUI reports falling bookings and a negative market outlook for summer.