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Reuters - 1 day ago

BNIC: OUR SECTOR IS BEING SACRIFICED, AND WE HAVE BEEN "ABANDONED" BY FRENCH AUTHORITIES

French cognac body: sector being 'sacrificed' in EU-China trade dispute LONDON, Oct 4 (Reuters) - France's cognac sector is being sacrificed in an EU-China trade dispute, an industry body said on Friday in response to the European Commission's plan to impose tariffs on Chinese-made electric vehicles. "The French authorities have abandoned us. We do not understand why our sector is being sacrificed in this way," the Bureau National Interprofessionnel du Cognac said in a statement, adding dialogue

Reuters - 2 days ago

AstraZeneca, Danske Bank, Johnson Matthey

EUROPE RESEARCH ROUNDUP-AstraZeneca, Danske Bank, Johnson Matthey Oct 3 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AstraZeneca, Danske Bank and Johnson Matthey, on Thursday. HIGHLIGHTS * AstraZeneca AZN.L : Jefferies cuts target price to 11,400p from 11,700p * Baltic Classifieds Group Plc BCG.L : Berenberg raises target price to 360p from 300p * Danske Bank DANSKE.CO : JP Morgan cuts target price to DKK 185 from DKK 190 * John

Reuters - 4 days ago

Drink giants’ risky new plan: quantity not quality

BREAKINGVIEWS-Drink giants’ risky new plan: quantity not quality The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to fix typo in paragraph one. By Aimee Donnellan LONDON, Oct 2 (Reuters Breakingviews) - The titans of the alcohol world may soon start peddling cheaper booze, and in much greater volumes. Until fairly recently, giants like $80 billion Diageo DGE.L and $40 billion Pernod Ricard PERP.PA focused on a strategy known as “premiumisation”,

Reuters - 2 weeks ago

Campari can win back drinkers with marketing binge

BREAKINGVIEWS-Campari can win back drinkers with marketing binge The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Sept 18 (Reuters Breakingviews) - Campari CPRI.MI can recover from the hangover caused by the shock departure of its CEO. On Wednesday, the $10 billion maker of Aperol and Courvoisier cognac announced Matteo Fantacchiotti’s resignation for “personal reasons”.

Reuters - 2 weeks ago

Campari CEO leaves after only five months as sector struggles

UPDATE 4-Campari CEO leaves after only five months as sector struggles Campari CEO quits just months after taking role Predecessor to chair "leadership transition committee" Shares fall further after weakness in recent months Recasts paragraphs 3-5, adds investor comment in paragraphs 11-14; adds chart By Valentina Za and Alberto Chiumento MILAN, Sept 18 (Reuters) - Campari CPRI.MI CEO Matteo Fantacchiotti abruptly quit on Wednesday after only five months in charge of the Italian spirits group,

Reuters - 3 weeks ago

MTU Aero Engines, Nestle, Vusiongroup

EUROPE RESEARCH ROUNDUP- MTU Aero Engines, Nestle, Vusiongroup Sept 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including MTU Aero Engines, Nestle and Vusiongroup, on Monday. HIGHLIGHTS * Advanced Medical Solutions Group Plc AMSU.L : Peel Hunt raises target to 246p from 220p * MTU Aero Engines AG MTXGn.DE : Citigroup cuts to sell from neutral * Nestle SA NESN.S : Morgan Stanley cuts to underweight from equal-weight * Sodexo EXHO.PA : B

Reuters - 3 weeks ago

Campari plunges after CEO comments on weak quarter for sector

UPDATE 1-Campari plunges after CEO comments on weak quarter for sector Adds details MILAN, Sept 13 (Reuters) - Shares in Campari CPRI.MI fell nearly 6% on Friday with several traders and analysts citing comments by the Italian spirits group's chief executive, describing the current quarter as "s till quite soft" for the industry. Campari said that what Campari CEO Matteo Fantacchiotti told a virtual event organized by Bank of America concerned "the sector's general trends" in the United States,

Reuters - 3 weeks ago

Campari plunges after CEO comments on "very soft" quarter for sector

Campari plunges after CEO comments on "very soft" quarter for sector MILANO, Sept 13 (Reuters) - Shares in Campari CPRI.MI fell more than 6% on Friday with traders citing comments by the Italian spirits group's chief executive at a conference about a "very soft" environment for the industry in the current quarter. Campari CEO Matteo Fantacchiotti spoke at a virtual event organized by Bank of America.

Reuters - 3 weeks ago

Barclays weighs in on potential tariff risk for Europe if Trump wins

BUZZ-Barclays weighs in on potential tariff risk for Europe if Trump wins ** Barclays sees an up to high single-digit percent hit on European earnings if Donald Trump wins the U.S. presidential race and in the event of a full-blown trade war ** "A Trump win may raise concerns of a full-blown trade war," the British bank's strategists say in a note ** While the direct impact to potential U.S.

Reuters - 4 weeks ago

Exane prefers European brewers over distillers in depressed sector

BUZZ-Exane prefers European brewers over distillers in depressed sector ** BNP Paribas Exane says a more favourable macro context for staples could help European alcohol makers' "depressed" valuations despite the challenged global demand outlook ** Exane prefers brewers over distillers, which it says face prolonged headwinds in the U.S. spirits market ** The broker chooses AB InBev ABI.BR as its top pick, as it expects the Dutch brewer's share consolidation and operational momentum to drive shar

Reuters - 4 weeks ago

Top of the Street: European luxury, beverages; Nestle, Kion, Subsea 7

BUZZ-Top of the Street: European luxury, beverages; Nestle, Kion, Subsea 7 A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Barclays downgrades Burberry BRBY.L and Gucci owner Kering PRTP.PA to "underweight" from "equal weight" as it expects the weakness in the China market to affect the luxury groups in a long term ** Barclays cuts Nestle NESN.S to "equal weight" from "overweight" saying a near-term recovery is unlikely for the Swiss chocolate maker ** C

Reuters - 4 weeks ago

Spirits: time to buy or time to sell?

LIVE MARKETS-Spirits: time to buy or time to sell? STOXX 600 up 0.7% Tech, travel & leisure lead bounce Downgrade hits Burberry Wall St futures higher Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com SPIRITS: TIME TO BUY OR TIME TO SELL?

Reuters - 4 weeks ago

European beverages: DB cuts Pernod and Remy after dismal summer for booze stocks

BUZZ-European beverages: DB cuts Pernod and Remy after dismal summer for booze stocks ** Deutsche Bank says soft drinks are the clear winner in the European beverages sector, while spirits and beer have suffered from a combination of negative estimate revisions and multiple contraction post a dismal summer ** "Brewers have not performed as well as we expected due to a combination of adverse weather in June and a lack of COGS (cost of goods sold) tailwinds," says DB ** It still sees the beer sect

Reuters - 4 weeks ago

Soccer-Pastis-maker Pernod Ricard scraps sponsorship deal with Paris St Germain after Marseille fan outrage

UPDATE 1-Soccer-Pastis-maker Pernod Ricard scraps sponsorship deal with Paris St Germain after Marseille fan outrage Adds quote in paragraph 3, context in paragraphs 2 and 4 PARIS, Sept 5 (Reuters) - French d rinks and spirits company Pernod Ricard PERP.PA on Thursday said it would drop its plans to sponsor the country's reigning soccer champions Paris St Germain after facing a storm of criticism from fans saying the brand belonged to PSG's rivals Marseille.

Reuters - 4 weeks ago

Pernod Ricard Withdraws From Partnership With Paris Saint Germain

BRIEF-Pernod Ricard Withdraws From Partnership With Paris Saint Germain Sept 5 (Reuters) - Pernod Ricard SA PERP.PA : PERNOD RICARD ANNOUNCED TODAY THAT IT IS WITHDRAWING FROM ITS GLOBAL PARTNERSHIP WITH PARIS SAINT GERMAIN Source text: https://tinyurl.com/5n94avf8 Further company coverage: PERP.PA (Gdansk Newsroom)

Reuters - 4 weeks ago

Pernod cancels earlier sponsorship deal with Paris St Germain soccer club

Pernod cancels earlier sponsorship deal with Paris St Germain soccer club PARIS, Sept 5 (Reuters) - French drinks group Pernod Ricard PERP.PA said on Thursday it had dropped an earlier sponsorship deal it struck with the country's reigning soccer champions Paris Saint Germain (PSG) after a backlash from supporters. Reporting by Sudip Kar-Gupta, Edi

Reuters - 4 weeks ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds U.S. Steel, Verizon, Williams Companies, Commerzbank and Distilled Sept 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 20:00 GMT on Wednesday: ** The Biden administration is close to announcing it will block Nippon Steel's 5401.T acquisition of U.S. Steel X.N, two sources familiar with the situation said on Wednesday, amid growing bipartisan political opposition to the $14.9 billion deal.

Reuters - 4 weeks ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Nordstrom, SPAR, IHH Healthcare, Oaktree Capital Management updates: Blackstone Sept 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Nordstrom's JWN.N founding family has made a bid to take the department store chain private by offering $23 per share in cash for the stake they do not already own, a filing showed.

Reuters - 4 weeks ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Sept 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Wednesday: ** Blackstone BX.N will acquire Australian data centre group AirTrunk for an implied enterprise value of over A$24 billion ($16.10 billion), it said, in what would be Blackstone's largest investment in the Asia Pacific region.

Reuters - 4 weeks ago

Aussie competition regulator seeks views on Pernod Ricard's local business sale

Aussie competition regulator seeks views on Pernod Ricard's local business sale Sept 4 (Reuters) - Australia's competition watchdog on Wednesday said it is seeking views from the market on French spirits maker Pernod Ricard SA's PERP.PA proposed deal to sell the majority of its domestic wine portfolio to Carlyle Group's Accolade Wines. Reporting by

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