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Nestlé’s CEO needs to ride two horses at once

BREAKINGVIEWS-Nestlé’s CEO needs to ride two horses at once The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Oct 17 (Reuters Breakingviews) - Nestlé’s NESN.S new boss has some knotty problems. Third-quarter results showed flaky top line growth at the $260 billion food giant, and came with further cuts to guidance.
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Top of the Street: L'Oreal, Teleperformance, Irish banks, Informa

BUZZ-Top of the Street: L'Oreal, Teleperformance, Irish banks, Informa A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** J.P. Morgan cuts L'Oreal OREP.PA to "underweight" from "neutral", citing perceived risks to the French firm's growth expectations and premium rating ** Kepler Cheuvreux raises French telemarketer Teleperformance TEPRF.PA to "buy" from "hold", saying appointment of new chairman may speed up CEO transition, and deeming "sequential" improve
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LVMH shares hit by weak Q3 sales, dragging down luxury sector

UPDATE 2-LVMH shares hit by weak Q3 sales, dragging down luxury sector LVMH Q3 organic sales drop for first time since pandemic Fashion and leather goods business struggles in China Shares fall as much as 7%, erasing recent gains Adds further details from paragraph 6 PARIS, Oct 16 (Reuters) - Shares in LVMH LVMH.PA were on course for their biggest one-day drop in a year on Wednesday after the luxury bellwether missed third-quarter sales forecasts, dragging down the broader sector and erasing gai
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L'Oreal slumps to 9-mth lows as weakening beauty landscape poses risks to growth

BUZZ-L'Oreal slumps to 9-mth lows as weakening beauty landscape poses risks to growth ** Shares in beauty giant L'Oreal OREP.PA slump 4%, to their lowest price in 9 months, following a rating downgrade from J.P.Morgan and hurt also by a negative read-across from weak LVMH LVMH.PA Q3 figures ** "We see the company growth expectations and premium rat
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Adidas AG, Covivio SA, L'Oreal

EUROPE RESEARCH ROUNDUP-Adidas AG, Covivio SA, L'Oreal Oct 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Adidas AG, Covivio SA and L'Oreal, on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : RBC raises target price to EUR 265 from EUR 260 * Covivio SA CVO.PA : JP Morgan raises to overweight from neutral * L'Oreal OREP.PA : JP Morgan cuts to underweight from neutral * OCI NV OCI.AS : JP Morgan cuts to neutral from overweight * Wizz
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CoverGirl parent Coty estimates first-quarter sales below forecast

UPDATE 1-CoverGirl parent Coty estimates first-quarter sales below forecast Adds details on Q2 forecast in paragraph 5; Updates shares Oct 14 (Reuters) - CoverGirl parent Coty COTY.N on Monday estimated first-quarter like-for-like sales growth below its prior forecast due to a slowdown in the U.S., sending its shares down 6% in after-market trading. The cosmetics maker projected sales growth on a like-for-like (LFL) basis of between 4% and 5% for the three months ended September, compared to 6%
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CoverGirl parent Coty estimates first-quarter sales below forecast

CoverGirl parent Coty estimates first-quarter sales below forecast Oct 14 (Reuters) - CoverGirl parent Coty COTY.N on Monday estimated first-quarter like-for-like sales growth below its prior forecast due to a slowdown in the U.S., sending its shares down 4% in after-market trading. The cosmetics maker projected sales growth of between 4% and 5% for the three months ended September, compared to 6% it previously forecast.
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Bunzl, Equinor ASA, L'Oreal

EUROPE RESEARCH ROUNDUP-Bunzl, Equinor ASA, L'Oreal Oct 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bunzl, Equinor ASA and L'Oreal, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : UBS raises target price to EUR 279 from EUR 275 * Bunzl BNZL.L : JP Morgan raises to overweight from neutral * Equinor ASA EQNR.OL : Morgan Stanley raises to equal weight from underweight * L'Oreal OREP.PA : Citigroup cuts target price to EUR 420 from
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Women-focused health startup Maven valued at $1.7 bln in funding round

UPDATE 1-Women-focused health startup Maven valued at $1.7 bln in funding round Maven raises $125 mln in funding round Funding round led by investment firm StepStone Maven's total funding climbs over $425 mln Adds valuation in headline and paragraph 1, CEO comments in paragraphs 5-6 By Arasu Kannagi Basil and Niket Nishant Oct 8 (Reuters) - Women-focused healthcare firm Maven Clinic was valued at $1.7 billion after it raised $125 million in its latest funding round led by private markets investm
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Healthcare firm Maven Clinic raises $125 mln in latest funding round

Healthcare firm Maven Clinic raises $125 mln in latest funding round Maven raises $125 mln in Series F round Funding round led by investment firm StepStone Maven's total funding climbs over $425 mln Oct 8 (Reuters) - Health firm Maven Clinic said on Tuesday it had raised $125 million in its latest funding round led by private markets investment firm StepStone Group STEP.O .
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L'Oreal, Stellantis NV, Videndum

EUROPE RESEARCH ROUNDUP-L'Oreal, Stellantis NV, Videndum Oct 4 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including L'Oreal, Stellantis NV and Videndum on Friday. HIGHLIGHTS * Gerresheimer AG GXIG.DE : Berenberg cuts target price to EUR 110 from EUR 125 * L'Oreal OREP.PA : Stifel cuts target price to EUR 440 from EUR 450 * Scor SCOR.PA : Berenberg raises to buy from hold * Stellantis NV STLAM.MI : RBC cuts to sector perform from outperfo
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Hair relaxer class action over reimbursement for products can move forward, judge says

Hair relaxer class action over reimbursement for products can move forward, judge says By Diana Novak Jones Sept 30 (Reuters) - The judge overseeing the sprawling litigation over claims that chemical hair relaxer products made by L'Oreal USA, Revlon and others cause cancer refused to dismiss a proposed class action brought by consumers seeking reimbursement for products they say they would not have purchased had they known of the risks.
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France considers tax increase for big companies, Le Monde reports

UPDATE 1-France considers tax increase for big companies, Le Monde reports Adds response in paragraph 9 PARIS, Sept 29 (Reuters) - France's new Prime Minister Michel Barnier is considering a temporary increase in corporate tax on the country's biggest companies .FCHI as well as a tax on share buybacks as part of efforts to plug a gaping hole in public finances, Le Monde newspaper reported on Sunday.
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France considers tax increase for big companies, Le Monde reports

France considers tax increase for big companies, Le Monde reports PARIS, Sept 29 (Reuters) - France's new Prime Minister Michel Barnier is considering a temporary increase in corporate tax on the country's biggest companies .FCHI as well as a tax on share buybacks as part of efforts to plug a gaping hole in public finances, Le Monde newspaper reported on Sunday.
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L'Oreal, Evonik join $38.6 mln funding round for biotech start-up Abolis

L'Oreal, Evonik join $38.6 mln funding round for biotech start-up Abolis Sept 12 (Reuters) - L'Oreal OREP.PA has joined Abolis Biotechnologies's 35 million euro ($38.6 million) funding round alongside speciality chemicals group Evonik EVKn.DE , as part of a deal to develop bio-based ingredients for beauty products, the French cosmetics group said on Thursday.
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Exane says market jitters may prolong interest in Food & HPC sector

BUZZ-Exane says market jitters may prolong interest in Food & HPC sector ** BNP Paribas Exane says further soft-landing jitters may prolong investors' recent interest in the Food & Household and Personal Care (HPC) sector ** Exane notes the sector's relative valuation has seen a substantial correction, with its forward P/E ratio trading at an aroun
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BMW, Legrand, Sodexo

EUROPE RESEARCH ROUNDUP- BMW, Legrand, Sodexo Sept 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Legrand and Sodexo, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : HSBC cuts target price to EUR 85 from EUR 109 * Kion Group AG KGX.DE : JP Morgan raises to overweight from neutral * Legrand LEGD.PA : JP Morgan raises to overweight from neutral * Phoenix PHNX.L : Peel Hunt cuts target price to 650p from 690p * Sodexo EXHO.PA : JP M
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Nestlé L’Oréal sale would add sugar to sour fix

BREAKINGVIEWS-Nestlé L’Oréal sale would add sugar to sour fix The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Sept 5 (Reuters Breakingviews) - The new boss of Nestlé NESN.S may have to embark on a painful turnaround. Last month , the $279 billion food giant replaced its CEO with insider Laurent Freixe, who will probably have to sacrifice profitability to win back market share.
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French equities lacking long-term visibility

LIVE MARKETS-French equities lacking long-term visibility STOXX 600 down 0.3% Miners, energy lag Wall Street futures lower 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 FRENCH EQUITIES LACKING LONG-TERM VISIBILITY 58 days and counting...
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PREVIEW: Ulta Beauty glows heading into report after the bell

BUZZ-PREVIEW: Ulta Beauty glows heading into report after the bell ** Shares of Ulta Beauty ULTA.O up ~1.3% on Thurs with co's Q2 report due after the bell, as investors eye slowing demand for beauty and cosmetics products ** Cosmetics firms including Coty COTY.N , E.l.f. Beauty ELF.N , France's L'Oreal OREP.PA and Estee Lauder EL.N have delivered disappointing results/forecasts recently, signaling strained consumer spending, mainly in China ** ULTA's shares got a boost earlier this month, jumpi
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