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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
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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
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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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Italy - Factors to watch on July 8

Italy - Factors to watch on July 8 The following factors could affect Italian markets on Monday. 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 . POLITICS Spanish far-right party Vox has quit Italian Prime Minister Giorgia Meloni's European Conservatives and Reformists (ECR) group in the European Parliament to join a new alliance led by Hungarian Prime Minister
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Italy's Salvatore Ferragamo rises on GS upgrade, traders' short covering

BUZZ-Italy's Salvatore Ferragamo rises on GS upgrade, traders' short covering ** Shares of fashion group Salvatore Ferragamo SFER.MI rise 5.9% as Goldman Sachs upgrades to "neutral" from "sell" and on short covering by traders ** GS notes Ferragamo has underperformed YTD, falling 37% compared to a 5% decline in the sector, and therefore expects lim
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Air France-KLM, Shell, Watches of Switzerland

EUROPE RESEARCH ROUNDUP-Air France-KLM, Shell, Watches of Switzerland June 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Air France-KLM, Shell and Watches of Switzerland, on Friday. HIGHLIGHTS * Air France-KLM AIRF.PA : Barclays cuts to equal-weight from overweight * BP BP.L : Jefferies raises target price to 590p from 580p * Liontrust Asset Management Plc LIO.L : Peel Hunt cuts to hold from buy * Shell Plc SHEL.L : Jefferies
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Italy - Factors to watch on May 10

Italy - Factors to watch on May 10 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 ISTAT releases March industrial output data (0800 GMT); monthly bulletin on the state of the economy in March and April (0900 GMT); February industry sales data (1000 GMT).
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Revenues at Ferragamo down 17% in Q1, hit by China

UPDATE 1-Revenues at Ferragamo down 17% in Q1, hit by China Adds details, comments from conference call MILAN, May 9 (Reuters) - Revenues at Italian luxury group Salvatore Ferragamo SFER.MI fell 16.6% at constant exchange rates in the first quarter, with China proving difficult and amid a general slowdown in sales in all geographies and channels. "Over the quarter, our performance was impacted by continued volatility in the Chinese market, as well as a persisting weakness in wholesale and travel
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Ferragamo CEO does not expect gross margin deterioration

BRIEF-Ferragamo CEO does not expect gross margin deterioration May 9 (Reuters) - Salvatore Ferragamo, Chief Executive Marco Gobbetti in conference call with analysts: DOES NOT EXPECT A DETERIORATION IN TERMS OF GROSS MARGIN DTC SALE TREND IN FEBRUARY, MARCH AND APRIL IS FLATTISH Further company coverage: SFER.MI
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Sales at Ferragamo down 17% in first quarter

Sales at Ferragamo down 17% in first quarter MILAN, May 9 (Reuters) - Sales at Italian luxury group Salvatore Ferragamo SFER.MI fell 16.6% at constant exchange rates in the first quarter, the company said on Thursday. "Over the quarter, our performance was impacted by continued volatility in the Chinese market, as well as a persisting weakness in wholesale and travel retail, further compounded by an unfavourable comparison", Chief Executive Marco Gobbetti said in a statement.
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Ferragamo Q1 Revenue Down To EUR 227.0 Mln

BRIEF-Ferragamo Q1 Revenue Down To EUR 227.0 Mln May 9 (Reuters) - Salvatore Ferragamo SpA SFER.MI : Q1 REVENUE EUR 227.0 MILLION VERSUS EUR 278.0 MILLION YEAR AGO Further company coverage: SFER.MI (Gdansk Newsroom)
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Italy - Factors to watch on May 9

Italy - Factors to watch on May 9 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 Treasury sells 7.5 billion euros 12-month BOT bills. Subscriptions close at 0900 GMT.
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Italy - Factors to watch on April 23

Italy - Factors to watch on April 23 The following factors could affect Italian markets on Tuesday. 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 . POLITICS Italian Prime Minister Giorgia Meloni and her right-wing allies have kept control of the small southern region of Basilicata, election results on Monday showed, defeating their centre-left opponents by a w
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Luxury’s great divide will get more striking

BREAKINGVIEWS-Luxury’s great divide will get more striking The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Lisa Jucca MILAN, April 17 (Reuters Breakingviews) - The world of luxury is increasingly a tale of the haves and the have-nots. Bernard Arnault’s $420 billion Tiffany-to-Dior conglomerate LVMH LVMH.PA sent a sobering message on Tuesday as it unveiled a 3% year-on-year rise in first-quarter sales ignoring currency moves – well below the 13% expan
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LVMH Q1 meets expectations, reassuring luxe sector

BUZZ-LVMH Q1 meets expectations, reassuring luxe sector Updates shares, adds peers, milestone ** Shares in LVMH LVMH.PA rise nearly 2.6%, paring earlier gains, after Europe's second-most valuable company's Q1 sales rose and roughly met forecasts ** Q1 revenue rises 3% organically to 20.7 billion euros ($21.99 billion), in line with consensus in organic terms, says RBC ** "Even the much-debated (Fashion & Leather Goods) division met investors at the bar ...
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