In the last week or so there has been an absolute surge in the shares of the Watches of Switzerland Group (LON:WOSG), rising from 625p on Friday 26th June to close last Friday night at 752p.
The shares were previously trading at around the 707p level before a statement out on Bloomberg on the 26th suggested that, due to weaker luxury demand, the group was no longer pursuing its target of generating more than £3bn in annual sales by 2028.
According to its sources Bloomberg suggested that the £1.75bn-capitalised Lo...
