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PernodRicard

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Reuters - 2 days ago

Hennessy workers strike as France's Macron urges Xi to drop China cognac tariffs

Hennessy workers strike as France's Macron urges Xi to drop China cognac tariffs By Dominique Patton and Elizabeth Pineau PARIS/RIO DE JANEIRO, Nov 20 (Reuters) - Hennessy staff extended a strike on Wednesday over its plans to bottle cognac in China to circumvent import tariffs, after French President Emmanuel Macron urged his Chinese counterpart Xi Jinping to lift the duties.
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Reuters - 3 days ago

Hennessy plan to trial bottling cognac in China to avoid tariffs prompts strike

UPDATE 3-Hennessy plan to trial bottling cognac in China to avoid tariffs prompts strike Strike involves 500 workers at plant in southwest France Hennessy says studying temporary bottling of cognac in China China is second-largest export market for cognac Recasts lead, adds Hennessy comment in paragraph 2 By Alban Kacher Nov 19 (Reuters) - Hennessy is studying a plan to bottle cognac in China, the company owned by French luxury giant LVMH LVMH.PA said on Tuesday, prompting hundreds of workers at
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Reuters - 3 days ago

Hennessy staff strike over plans to bottle cognac in China

Hennessy staff strike over plans to bottle cognac in China By Alban Kacher Nov 19 (Reuters) - Around 500 staff at Hennessy, the cognac manufacturer owned by French luxury giant LVMH LVMH.PA , went on strike on Tuesday to protest plans to bottle the brandy in China to avoid tariffs, a union representative said. Beijing imposed duties of more than 30% on imports of bottled brandy from the European Union in October, hitting Hennessy as well as other French companies such as Remy Cointreau RCOP.PA a
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Reuters - 3 weeks ago

France corporate earnings week ahead

DIARY-France corporate earnings week ahead Nov 1 (Reuters) - Diary of France (.FCHI) corporate earnings for the week ahead FRANCE EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 05-Nov-2024 06:30 BOUY.PA Bouygues SA Nine Months 2024 Bouygues SA Earnings Release 06-Nov-2024 BMO CAGR.PA Credit Agricole SA Q3 2024 Credit Agricole SA Earnings Release 07-Nov-2024 BMO ENGIE.PA Engie SA Q3 2024 Engie SA Earnings Release 07-Nov-2024 BMO MT.AS ArcelorMittal SA Q3 2024 ArcelorMittal SA Ear
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Reuters - 3 weeks ago

STOXX at five-week low

LIVE MARKETS-STOXX at five-week low Stoxx 600 down 0.7% at five week low German economy unexpectedly grew in Q3 Campari biggest faller on index British budget to come U.S. futures up 0.15% 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 STOXX AT FIVE WEEK LOW The STOXX 600 .STOXX dropped to a five-week low after the first hour or so of trading, with bad earnings news outweighing
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Reuters - 3 weeks ago

Campari slumps after Q3 miss, drags peers

BUZZ-Campari slumps after Q3 miss, drags peers ** Shares in Italy's Campari CPRI.MI fall about 14%, to their lowest price in over 4 years, after the spirits maker missed Q3 forecasts with an 18.2% drop in Q3 operating profit ** The Aperol maker's Q3 sales fall 1.4% to 753 mln euros ($816.33 mln), significantly below Visibla Alpha consensus of 832 mln euros ** J.P.
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Reuters - 4 weeks ago

UK motor finance ruling hits exposed lenders, analysts crunch numbers

LIVE MARKETS-UK motor finance ruling hits exposed lenders, analysts crunch numbers STOXX 600 down 0.1% Airline stocks higher Oil names drop on lower crude 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 UK MOTOR FINANCE RULING HITS EXPOSED LENDERS, ANALYSTS CRUNCH NUMBERS Investors are punishing UK bank stocks with exposure to motor finance for a second ses
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Reuters - 4 weeks ago

EU beverages may be facing a nasty hangover on Nov. 6

LIVE MARKETS-EU beverages may be facing a nasty hangover on Nov. 6 STOXX 600 down 0.1% Airline stocks higher Oil names drop on lower crude 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 EU BEVERAGES MAY BE FACING A NASTY HANGOVER ON NOV.
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Reuters - 4 weeks ago

Remy to raise cognac prices in China to offset tariffs

UPDATE 1-Remy to raise cognac prices in China to offset tariffs Adds details, CFO quotes throughout PARIS/LONDON, Oct 25 (Reuters) - Remy Cointreau RCOP.PA will raise cognac prices in China to help mitigate the impact of tariffs imposed by Beijing on European Union brandy amid a trade dispute, its finance chief told investors on Friday. China imposed provisional tariffs on brandy from the European Union earlier this month, days after the 27-member bloc voted for tariffs on Chinese-made EVs.
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Reuters - 4 weeks ago

Remy Cointreau seen down after guidance cut, Q2 miss

BUZZ-Remy Cointreau seen down after guidance cut, Q2 miss ** Remy Cointreau RCOP.PA shares are seen down 3-5% as the French spirits maker no longer forecasts a gradual FY sales recovery, after quarterly sales fell more than expected ** Remy sees a double-digit fall in organic sales for the year, also impacting its profit margin ** Remy's Q2 sales fall 16.1% to 318 million euros ($344 million), below 15.4% drop cited in company consensus ** J.P.
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Reuters - 4 weeks ago

Remy abandons hopes for sales recovery as problems mount

UPDATE 4-Remy abandons hopes for sales recovery as problems mount Remy Cointreau expects double-digit sales decline for 2024/25 Beijing's tariffs on EU brandy imports add to challenges Announces 50 million euro cost-cutting plan Adds CFO quotes in paragraphs 5-6; analyst quotes in paragraphs 8-9; updates shares in paragraph 10 By Dominique Vidalon and Emma Rumney PARIS/LONDON, Oct 25 (Reuters) - Remy Cointreau RCOP.PA slashed its full-year guidance on Friday, delaying its recovery from persisten
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Reuters - 4 weeks ago

ACCC Does Not Oppose Accolade's Proposed Acquisition Of Pernod Ricard's Brandco Wine Business

BRIEF-ACCC Does Not Oppose Accolade's Proposed Acquisition Of Pernod Ricard's Brandco Wine Business Oct 25 (Reuters) - Australia's ACCC: ACCOLADE'S PROPOSED ACQUISITION OF PERNOD RICARD'S BRANDCO WINE BUSINESS NOT OPPOSED CONSIDER PROPOSED ACQUISITION UNLIKELY TO SUBSTANTIALLY LESSEN COMPETITION IN WINE PROCESSING AND PACKAGING SERVICES PROPOSED AC
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Reuters - 1 month ago

Adidas, Bellway, Nestle

EUROPE RESEARCH ROUNDUP- Adidas, Bellway, Nestle Oct 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Adidas, Bellway, and Nestle, on Friday. HIGHLIGHTS * Adidas AG ADSGn.DE : Baader Helvea raises to add from reduce * Bellway Plc BWY.L : Peel Hunt cuts to hold from add * Danone DANO.PA : Morgan Stanley cuts to equal weight from overweight * Greencore GNC.L : Deutsche Bank raises to hold from sell * Nestle SA NESN.S : Jefferies cut
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Reuters - 1 month ago

French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Oct 18 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. ASCENCIO ASCE.BR Ascencio said on Thursday it will partner with Allego to expand the network of charging stations in Belgium. CASINO GUICHARD PERRACHON CASP.PA Casino has initiated statutory buyout proceedings to acquire the remaining 1.17% of Cnova's share capital, the French supermarket chain sa
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Reuters - 1 month ago

Pernod CFO: group eyes "modest" sales growth in FY 2024/25

BRIEF-Pernod CFO: group eyes "modest" sales growth in FY 2024/25 Oct 17 (Reuters) - Pernod Ricard PERP.PA CFO Helene de Tissot tells analysts: GROUP EXPECTS "MODEST" SALES GROWTH IN FY 2024/25 GROUP FORECAST TO SUSTAIN OPERATING MARGIN FOR 2024/25 TAKES INTO ACCOUNT CHINESE TARIFFS IMPACT Source text for Eikon: [ID:] Further company coverage: PERP.
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Reuters - 1 month ago

China woes drag down Pernod Ricard first quarter sales

UPDATE 2-China woes drag down Pernod Ricard first quarter sales Q1 sales down 5.9% organic vs Est 4.8% drop FY 2024/25 sales, margin guidance unchanged Pernod working on mitigating impact of Chinese tariffs Adds analyst in paragraph 4, CFO in paras 5 and 12 By Dominique Vidalon and Florence Loeve PARIS, Oct 17 (Reuters) - French spirits maker Pernod Ricard PERP.PA said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a bigger-than-expected fall in first q
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Reuters - 1 month ago

Pernod CEO: taking actions to mitigate Chinese tariff impact

Pernod CEO: taking actions to mitigate Chinese tariff impact PARIS, Oct 17 (Reuters) - Pernod Ricard PERP.PA is taking actions ranging from adapting its organisation to re-allocating marketing costs to mitigate the impact on its business of Chinese tariffs on cognac imported from the European Union, said CEO Alexandre Ricard. Ricard, who reiterated the group's aim was to protect its operating margin, said Pernod Ricard expected its sales in China in full year 2024/25 to fall by more than the 10%
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Reuters - 1 month ago

Pernod Ricard seen down on worse-than-expected sales drop

BUZZ-Pernod Ricard seen down on worse-than-expected sales drop ** Shares in Pernod Ricard PERP.PA are seen down between 2% and 4% in pre-market trade after the group published a worse-than-expected sales decline for the first quarter of the year ** The French spirits producer posted a net sales organic decline of 5.9% at 2.78 billion euros for its
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Reuters - 1 month ago

China woes drag down Pernod Ricard's Q1 sales

UPDATE 1-China woes drag down Pernod Ricard's Q1 sales Adds detail and background from paragraph 2 onwards PARIS, Oct 17 (Reuters) - French spirits maker Pernod Ricard PERP.PA said it still expected to return to sales growth in the 2024/25 fiscal year despite reporting a worse-than-expected 5.9% fall in first quarter sales, caused partly by weakness in China.
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Reuters - 1 month ago

China woes drag down Pernod Ricard's Q1 sales

RPT-China woes drag down Pernod Ricard's Q1 sales Repeats with no changes PARIS, Oct 17 (Reuters) - French spirits maker Pernod Ricard PERP.PA said it still expected to return to sales growth in the 2024/25 fiscal year despite reporting a worse-than-expected 5.9% fall in first quarter sales, caused partly by weakness in China. Pernod's first quarter sales drop came amid weak consumer demand in China and persistent challenges in the United States.
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