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News

Bernstein sees more moderate luxury growth in 2025

BUZZ-Bernstein sees more moderate luxury growth in 2025 ** The luxury goods industry faces moderate spending growth in China next year , Bernstein says, projecting 5% to 7% top-line growth for the sector, skewed towards the second half of 2025 ** Among positive factors, Bernstein notes favourable economic conditions such as global rate cuts and supportive Chinese economic policies ** It however sees that potential new import duties to the U.S.
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AJ Bell, Frequentis AG, Sage Group

EUROPE RESEARCH ROUNDUP-AJ Bell, Frequentis AG, Sage Group Nov 21 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AJ Bell, Frequentis AG and Sage Group on Thursday. HIGHLIGHTS * AJ Bell AJBA.L : Jefferies raises target price to 530p from 485p * Crest Nicholson Holdings Plc CRST.L : Berenberg cuts PT to 195p from 215p * Frequentis AG FQT.DE : Berenberg initiates coverage with buy rating; PT EUR 33 * Sage Group SGE.L : Jefferies rais
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London stocks end near flat mark with eyes on geopolitical tensions, inflation data

UPDATE 1-London stocks end near flat mark with eyes on geopolitical tensions, inflation data FTSE 100 down 0.11%, FTSE 250 up 0.17% Diploma falls on FY revenue miss Mulberry Group posts wider first-half loss, shares fall Updates to market close Nov 19 (Reuters) - London stocks closed nearly flat on Tuesday after a choppy trading session, as investors avoided big bets ahead of a key inflation report and monitored tensions between Russia and the U.S.
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UK's Mulberry to streamline operations after first-half loss widens

UPDATE 2-UK's Mulberry to streamline operations after first-half loss widens To review pricing and streamline operations Half-year pre-tax 15.3 mln pound loss vs 12.3 mln pound loss Shares fall 6.8% Adds shares in paragraph 6, background and details throughout Nov 19 (Reuters) - Mulberry Group MUL.L on Tuesday said it was taking steps to streamline its operations and improve margins under its new CEO Andrea Baldo after the British luxury brand reported its first-half loss widened from a year ago
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4Imprint, Admiral Group, Prudential

EUROPE RESEARCH ROUNDUP-4Imprint, Admiral Group, Prudential Nov 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including 4Imprint, Admiral Group and Prudential, on Monday. HIGHLIGHTS * 4Imprint FOUR.L : HSBC cuts target price to 5830p from 6370p * Admiral Group Plc ADML.L : Barclays raises target price to 3326p from 3157p * Intermediate Capital Group Plc ICGIN.L : Citigroup raises PT to 2660p from 2610p * Prudential Plc PRU.L : Barclays
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