Inditex

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Reuters - 1 week ago

BofA reinstates Inditex at 'buy' as it sees further room to grow

BUZZ-BofA reinstates Inditex at 'buy' as it sees further room to grow ** BofA Securities reinstates Inditex ITX.MC with a "buy" rating and a PT of 61 euros, vs 53.22 euros at Thursday's close, as it expects the Zara-owner's business model to continue to fuel growth 2-3x above market ** "The group's future growth potential is underpinned by investme

Reuters - 1 week ago

H&M abandons 2024 margin target as costs hurt profit

UPDATE 6-H&M abandons 2024 margin target as costs hurt profit H&M scraps goal of 10% operating margin Quarterly operating profit lags expectations September sales expected to rise by 11% H&M shares fall 8% Adds CEO quotes in paragraphs 12 and 18 By Marie Mannes and Helen Reid STOCKHOLM, Sept 26 (Reuters) - H&M HMb.ST scrapped its margin target for 2024 as higher discounting, costs and fierce competition hurt operating profit in the third quarter, denting shares in the world's second-biggest list

Reuters - 2 weeks ago

UK's Next raises forecast to put 1 billion pound profit in sight

UPDATE 2-UK's Next raises forecast to put 1 billion pound profit in sight First-half pretax profit up 7.1% to 452 mln stg Raises second half sales growth guidance to 3.7% Raises full-year profit guidance to 995 mln stg Shares up 5% Adds shares and details in paragraphs 2-4 and 9-12 By James Davey LONDON, Sept 19 (Reuters) - British clothing retailer Next NXT.L said on Thursday it was on track to make an annual profit of almost 1 billion pounds ($1.3 billion) as it raised its forecast for the sec

Reuters - 3 weeks ago

Banco, Shell, WH Smith

EUROPE RESEARCH ROUNDUP-Banco, Shell, WH Smith Sept 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Banco, Shell and WH Smith on Thursday. HIGHLIGHTS * ABN Amro Bank NV ABNd.AS : JP Morgan raises to neutral from underweight * Banco Bpm BAMI.MI : JP Morgan raises to neutral from underweight * Shell Plc SHEL.L : Berenberg cuts target price to 3,100p from 3,400p * UMG UMG.AS : Citigroup cuts target price to EUR 26 from EUR 29.50 *

Reuters - 3 weeks ago

Spanish stocks - Factors to watch on Sept 12

Spanish stocks - Factors to watch on Sept 12 Sept 12 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Thurs day . Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: ORYZON GENOMICS ORY.MC Oryzon announced on Wednesday that it received an "intention to grant" communication, by the European Patent Office, for a patent relating to the use of Vafidemstat in treating Borderline Personality Disorder.

Reuters - 3 weeks ago

Europe's STOXX 600 little changed as focus shifts to ECB

UPDATE 2-Europe's STOXX 600 little changed as focus shifts to ECB For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 ends flat Britain's economy showed no growth on a month-on-month basis U.S. August CPI at 2.5% vs 2.6% YoY Commerzbank surges after Unicredit bought 9% stake Updated at 1600 GMT By Pranav Kashyap and Shubham Batra Sept 11 (Reuters) - European shares ended flat on Wednesday as gains in technology shares were offset b

Reuters - 3 weeks ago

Zara to offer its secondhand clothes service in US by October

Zara to offer its secondhand clothes service in US by October MADRID, Sept 11 (Reuters) - Zara will offer its service for selling, repairing or donating secondhand clothes in the United States by the end of October as a way of prolonging their life cycle and reducing waste, its owner Inditex said on Wednesday. Zara's 'Pre-Owned' platform is already running in 16 European countries , after launching in Britain in November 2022. Inditex ITX.MC previously said it was committed to operating the plat

Reuters - 3 weeks ago

European shares rise on boost from tech, resources sectors

CORRECTED-UPDATE 1-European shares rise on boost from tech, resources sectors Corrects paragraph 13 to clarify UniCredit paid 702 million euros for a 4.5% stake in Commerzbank, not the entire 9% stake STOXX 600 up 0.2% Britain's economy showed no growth on a month-on-month basis Commerzbank surges after Unicredit bought 9% stake By Pranav Kashyap Sept 11 (Reuters) - European shares opened higher on Wednesday, boosted by the tech and basic resources sectors, while investors awaited a key U.S.

Reuters - 3 weeks ago

BMW, Legrand, Sodexo

EUROPE RESEARCH ROUNDUP- BMW, Legrand, Sodexo Sept 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Legrand and Sodexo, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : HSBC cuts target price to EUR 85 from EUR 109 * Kion Group AG KGX.DE : JP Morgan raises to overweight from neutral * Legrand LEGD.PA : JP Morgan raises to overweight from neutral * Phoenix PHNX.L : Peel Hunt cuts target price to 650p from 690p * Sodexo EXHO.PA : JP M

Reuters - 3 weeks ago

Inditex Says Zara's Second-Hand Business Will Expand To United States In October 2024

BRIEF-Inditex Says Zara's Second-Hand Business Will Expand To United States In October 2024 Sept 11 (Reuters) - Inditex ITX.MC CEO Oscar Garcia Maceiras in a conference call with analysts following first-half results: ZARA'S SECOND-HAND BUSINESS WILL EXPAND TO UNITED STATES IN OCTOBER 2024 MASSIMO DUTTI BRAND WILL EXPAND TO THE UNITED STATES, BERSH

Reuters - 3 weeks ago

Inditex shares rise after it reports strong autumn sales

BUZZ-Inditex shares rise after it reports strong autumn sales ** Shares in Inditex ITX.MC rise around 4% after the Zara owner reported stronger recent sales of its first autumn-winter collections, offsetting a first-half growth slowdown ** Between Aug. 1 and Sept. 8, the world's biggest listed fashion retailer saw an 11% increase in constant curren

Reuters - 3 weeks ago

Spanish stocks - Factors to watch on Sept 11

UPDATE 1-Spanish stocks - Factors to watch on Sept 11 Adds Santander Sept 11 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: INDITEX ITX.MC Zara owner Inditex reported a 10% rise in first-half profit as sales increased 7.2%, at a slower pace than last year but in line with analysts' expectations of tougher times for fashion retailers in Europe, partly

Reuters - 3 weeks ago

Spanish stocks - Factors to watch on Sept 11

UPDATE 1-Spanish stocks - Factors to watch on Sept 11 Adds one item on Santander Sept 11 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: INDITEX ITX.MC Zara owner Inditex reported a 10% rise in first-half profit as sales increased 7.2%, at a slower pace than last year but in line with analysts' expectations of tougher times for fashion retailers in Eu

Reuters - 3 weeks ago

Spanish stocks - Factors to watch on Sept 11

Spanish stocks - Factors to watch on Sept 11 Sept 11 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: INDITEX ITX.MC Zara owner Inditex reported a 10% rise in first-half profit as sales increased 7.2%, at a slower pace than last year but in line with analysts' expectations of tougher times for fashion retailers in Europe, partly due to wetter-than-expe

Reuters - 3 weeks ago

Zara owner Inditex sees early autumn sales perk up after summer slowdown

UPDATE 3-Zara owner Inditex sees early autumn sales perk up after summer slowdown Company reports 10% rise in first-half profit Shares outperform with rise of 4% on results Wet, cold weather in early summer hampered sales August, Sept. sales up 11% so far, outpacing 7.2% in first half Recasts lead; adds shares paragraph 2, CEO paragraphs 6,8,9 analysts' quotes, detail throughout By Corina Pons MADRID, Sept 11 (Reuters) - Zara owner Inditex ITX.MC reported a jump in sales of its autumn/winter col

Reuters - 3 weeks ago

Inditex H1 Net Sales Up At 18.07 Bln Euros YoY

BRIEF-Inditex H1 Net Sales Up At 18.07 Bln Euros YoY Sept 11 (Reuters) - Industria de Diseno Textil SA ITX.MC : H1 NET SALES 18.07 BILLION EUROS VERSUS 16.85 BILLION EUROS YEAR AGO H1 NET INCOME INCREASED 10.1% TO €2.8 BILLION H1 EBITDA 5.04 BILLION EUROS VERSUS 4.66 BILLION EUROS YEAR AGO IN 2024, INDITEX EXPECTS A STABLE GROSS MARGIN (+/-50 BPS

Reuters - 3 weeks ago

Zara owner Inditex's profits rise 10% in first half despite slower sales growth

Zara owner Inditex's profits rise 10% in first half despite slower sales growth MADRID, Sept 11 (Reuters) - Zara owner Inditex ITX.MC reported a 10% rise in first-half profit as sales increased 7.2%, at a slower pace than last year but in line with analysts' expectations of tougher times for fashion retailers in Europe, partly due to wetter-than-expected weather in early summer.

Reuters - 4 weeks ago

Inditex sales growth forecasts dampened by rain in Spain

Inditex sales growth forecasts dampened by rain in Spain Bad weather hits Inditex's June sales in Spain Inditex's sales growth likely improved in July -analysts Q2 sales expected to rise 7% -LSEG analyst poll Analysts expect first-half profit to rise 10% By Corina Pons MADRID, Sept 10 (Reuters) - Expectations of bumper second quarter sales growth at Zara owner Inditex ITX.MC have been dashed by a wet and cold June in its biggest market of Spain, analysts and investors said ahead of earnings due

Reuters - 4 weeks ago

Turkish firms face wave of closures amid economic reckoning

Turkish firms face wave of closures amid economic reckoning Turkey hit by fallout from inflation-fighting monetary policy Soaring costs, overvalued lira, dwindling export orders 15,000 companies closed this year, up 28% from 2023 Apparel, textile firms seek court protection Knock-on effects for payments, employment, growth By Ceyda Caglayan and Ezgi Erkoyun CORUM, Turkey, Sept 9 (Reuters) - It is hard for Dogan Duman to see how he can keep his garment factory in central Turkey running much longe

Reuters - 4 weeks ago

Europe's STOXX 600 corporate earnings week ahead

DIARY-Europe's STOXX 600 corporate earnings week ahead Sept 6 (Reuters) - Diary of Europe's STOXX 600 (.STOXX) corporate earnings for the week ahead EUROPE'S STOXX 600 EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 09-Sep-2024 20:00 ASML.AS ASML Holding NV ASML Holding NV Meet the Management: Lung Cancer and QCS Presentation 09-Sep-2024 NTS IETB.BR D'Ieteren Group SA Half Year 2024 D'Ieteren Group NV Earnings Release 09-Sep-2024 12:15 SRENH.S Swiss Re AG Swiss Re AG Media Confer

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