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Reuters - 4 days ago

GS doubtful China stimulus will boost spending near term, cuts Kering

BUZZ-GS doubtful China stimulus will boost spending near term, cuts Kering ** Goldman Sachs says it is unlikely that China stimulus measures will positively impact high-end spending near-term and cuts its rating on Gucci owner Kering PRTP.PA ** Kering's shares, which rose 17% until Friday's close since the stimulus was announced, are down around 2.

Reuters - 1 week ago

European luxury stocks keep rising on China stimulus

BUZZ-European luxury stocks keep rising on China stimulus ** Shares in China-exposed European luxury firms continue to rise after China's latest pledge for more stimulus ** China will deploy "necessary fiscal spending" to meet an economic growth target of roughly 5%, leaders pledged, following a raft of aggressive central bank policy easing measure

Reuters - 2 weeks ago

Luxury stocks sparkle in Europe after China unveils stimulus measures

BUZZ-Luxury stocks sparkle in Europe after China unveils stimulus measures Updates ** Shares in European luxury stocks move higher after China, a key market for the sector, unveiled its biggest stimulus since the pandemic ** STOXX Europe Luxury 10 index .STXLUXP , which tracks top luxury goods makers, is up around 3% ** RBC analysts say the measure

Reuters - 2 weeks ago

Luxury stocks up in Europe after China unveils stimulus measures

BUZZ-Luxury stocks up in Europe after China unveils stimulus measures ** Shares in European luxury stocks move higher after China, a key market for the sector, unveiled its biggest stimulus since the pandemic ** STOXX Europe Luxury 10 index .STXLUXP , which tracks top luxury goods makers, is up around 2% ** RBC analysts say the measures should supp

Reuters - 2 weeks ago

BP, Essentra, OMV

EUROPE RESEARCH ROUNDUP- BP, Essentra, OMV Sept 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including BP Plc, Essentra Plc and OMV on Tuesday. HIGHLIGHTS * BP Plc BP.L : Jefferies cuts target price to 540p from 590p * Essentra Plc ESNT.L : Berenberg cuts target price to 200p from 255p * Energean Plc ENOG.L : Morgan Stanley cuts to equal weight from overweight * OMV AG OMVV.VI : JP Morgan raises to overweight from neutral * Saab AB SAAB

Reuters - 3 weeks ago

Auction Technology, Compass, D'Ieteren Group

EUROPE RESEARCH ROUNDUP-Auction Technology, Compass, D'Ieteren Group Sept 17 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Auction Technology, Compass Group and D'Ieteren Group on Tuesday. HIGHLIGHTS * Auction Technology Group Plc ATG.L : JP Morgan raises to overweight from neutral * Compass Group CPG.L : RBC cuts to sector perform from outperform * D'Ieteren Group SA IETB.BR : Jefferies cuts to hold from buy * Hermes HRMS.PA : Ex

Reuters - 4 weeks ago

Barclays says China looks 'weaker for longer', cuts Kering, Burberry

BUZZ-Barclays says China looks 'weaker for longer', cuts Kering, Burberry ** Barclays says China looks "weaker for longer" on structural issues and cuts estimates and PTs across its coverage, while downgrading Gucci owner Kering PRTP.PA and Burberry BRBY.L ** "The sentiment on the ground was much more cautious than 6 months ago, as there is now a c

Reuters - 2 months ago

London's FTSE 100 falls over 1% amid global stock slump

UPDATE 1-London's FTSE 100 falls over 1% amid global stock slump For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Investment banking, personal goods sectors lead declines US labor growth misses expectations; unemployment rate rises FTSE 100 down 1.3%, FTSE 250 off 3.0% Updated at 1540 GMT By Purvi Agarwal and Shubham Batra Aug 2 (Reuters) - London stocks rounded the week off with heavy losses amid a global risk-off mood after a weak U.S.

Reuters - 2 months ago

Italy - Factors to watch on August 2

Italy - Factors to watch on August 2 The following factors could affect Italian markets on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY Italy posted a state sector budget surplus of 2.4 billion euros ($2.59 billion) in July compared to a surplus of 15.83 billion euros in the same month last year, Treasury data showed on Thursday.

Reuters - 2 months ago

Ferragamo's operating profit drops 41% in first half

Ferragamo's operating profit drops 41% in first half MILAN, Aug 1 (Reuters) - Operating profit at Salvatore Ferragamo SFER.MI declined 41% in the first half of the year, as revenues slowed down in all the main regions, the luxury group said on Thursday. Earnings before interest and tax (EBIT) came in at 28 million euros ($30.2 million) in the first half, beating analysts expectations of a drop to 20 million euros, according to a consensus cited by Italian broker Equita.

Reuters - 2 months ago

Ferragamo H1 EBIT EUR 28 Mln

BRIEF-Ferragamo H1 EBIT EUR 28 Mln Aug 1 (Reuters) - Salvatore Ferragamo SpA SFER.MI : Q2 REVENUE EUR 296 MILLION H1 EBIT EUR 28 MILLION H1 NET PROFIT EUR 5.7 MILLION Further company coverage: SFER.MI (Gdansk Newsroom)

Reuters - 2 months ago

Italy - Factors to watch on August 1

Italy - Factors to watch on August 1 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY July PMI manufacturing HCOB data (0745 GMT). ISTAT releases June unemployment rate date (0800 GMT).

Reuters - 2 months ago

Italy - Factors to watch on August 1

Reuters - 2 months ago

So far, global earnings are just good enough to feel disappointing

ANALYSIS-So far, global earnings are just good enough to feel disappointing Many firms deliver in-line results, fail to extend market rally Companies cut guidance due to weakness in China and high interest rates Tech sector turns more upbeat, retailers grow more pessimistic Slowdown in US auto market hits many global automakers Adds Diageo in paragraph 2 and graphic By Medha Singh July 30 (Reuters) - Companies worldwide are lowering full-year sales and profit guidance as higher interest rates an

Reuters - 2 months ago

So far, global earnings are just good enough to feel disappointing

ANALYSIS-So far, global earnings are just good enough to feel disappointing Many firms deliver in-line results, fail to extend market rally Companies cut guidance due to weakness in China and high interest rates Tech sector turns more upbeat, retailers grow more pessimistic Slowdown in US auto market hits many global automakers By Medha Singh July 30 (Reuters) - Companies worldwide are lowering full-year sales and profit guidance as higher interest rates and weakness in China's economy hurt glob

Reuters - 2 months ago

'No light at end of tunnel' - Kering slumps to 7-yr lows on H2 guidance slash

REFILE-BUZZ-'No light at end of tunnel' - Kering slumps to 7-yr lows on H2 guidance slash Refiles to remove extraneous word in headline. ** Shares in Kering PRTP.PA plummet 8.6%, to its lowest price in 7 years, as the Gucci owner forecasts a 30% slump in H2 operating profit hit by weak demand in China ** Kering's Q2 sales fall 11% organically to 4.51 bln euros ($4.88 bln), more than the consensus expected (-9%), while H1 oper profit slumps 42% y/y ** "Another step backwards," Deutsche Bank says,

Reuters - 2 months ago

Luxury stocks sell off again as LVMH posts below-bar Q2 earnings

BUZZ-Luxury stocks sell off again as LVMH posts below-bar Q2 earnings Recasts with sector performance, adds peers, milestones, updates shares ** Expectations-missing Q2 results from luxury giant LVMH, a bellwether for the sector, weigh on peers , already under pressure after weak Burberry and Richemont prints ** LVMH results confirm "even best-in-c

Reuters - 3 months ago

European luxury stocks drop after China data, gloomy Swatch, Burberry releases

BUZZ-European luxury stocks drop after China data, gloomy Swatch, Burberry releases Adds China's Q2 GDP, updates shares ** Shares of European luxury c ompanies slip after data showed China's economy, a key market for the sector, grew much slower than expected in Q2 * * Separately, the world's biggest watchmaker Swatch Group UHR.S reports steep fall

Reuters - 3 months ago

European stocks fall, luxury names slide

LIVE MARKETS-European stocks fall, luxury names slide STOXX 600 down 0.4% Burberry, Swatch results weigh on luxury names China growth slows Wall St futures edge up 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 EUROPEAN STOCKS FALL, LUXURY NAMES SLIDE European equity markets are mostly lower on Monday, led by a slide in luxury names after disappointing trading updates from Burbe

Reuters - 3 months ago

Italy - Factors to watch on July 11

Italy - Factors to watch on July 11 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . DEBT The Treasury will sell at auction on Thursday five BTP bonds for a total value of up to 8.5 billion euros.

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