UPDATE 1-Europe's STOXX 600 rises on tech rebound, set for weekly gains For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Luxury stocks boost France's CAC 40 Elisa slumps on unexpected Q3 revenue fall Intrum seeks US bankruptcy protection STOXX 600 up 0.3% Updated at 0840 GMT By Paolo Laudani and Ankika Biswas Oct 18 (Reuters) - Europe's STOXX 600 climbed on Friday, as tech stocks made a strong comeback at the end of a bumpy week, while th

BUZZ-GS cuts Richemont to 'neutral', says macro headwinds weigh on operating margin ** GS cuts Swiss luxury goods group Richemont CFR.S to "neutral" from "buy", citing macro headwinds weighing on operating margin ** Although the broker likes the long-term growth opportunity supported by the Jewellery Maisons division, the company is "not immune" to

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

TABLE-Swiss trade surplus at CHF 4.946 bln in September Oct 17 (Reuters) - Switzerland ran a merchandise trade surplus of 4.946 billion Swiss francs in September, the Federal Customs Office said on Thursday. KEY FIGURES (millions of Swiss francs) September 2024 August 2024 Imports 17.579 15.905 Exports 22.526 20.649 Balance 4.946 4.744 The figures exclude precious metals and stones, works of art and antiques.

UPDATE 2-European tech, luxury stocks tumble as ASML, LVMH results disappoint For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. France's CAC 40 underperforms peers on luxury drag Adidas drops amid broader selloff despite third 2024 outlook Spain's IBEX closes at highest since January 2010 ECB's interest rate decision due on Thursday Updated at 1600 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 16 (Reuters) - Europe's STOXX

BUZZ-European luxury stocks fall as LVMH miss hints to further setbacks ** Shares in European luxury names fall after heavyweight LVMH LVMH.PA reported weaker than expected Q3 sales ** "LVMH Q3 trading update failed to reassure, suggesting that trends are actually softer than feared," J.P.Morgan says ** JPM points to a "material" slowdown at LVMH's

LVMH shares slump on weak Q3 sales, hitting luxury sector PARIS, Oct 16 (Reuters) - Shares in LVMH LVMH.PA slumped lower on Wednesday, knocking back the broader luxury goods sector, after the French luxury goods giant reported a 3% fall in third-quarter sales . LVMH shares were down around 7 percent in early session trading. Shares in its French rival Kering PRTP.PA , whose brands include Gucci, and Burberry BRBY.L were also dragged down as LVMH slid on the stock market.

LVMH shares set to slump on weak Q3 sales PARIS, Oct 16 (Reuters) - Shares in LVMH LVMH.PA were set to slump lower on Wednesday, knocking back the broader luxury goods sector, after the French luxury goods giant reported a 3% fall in third-quarter sales . LVMH shares were marked down by 5.1 percent on Tradegate, just before the formal start of stock market trading in Europe.

PREVIEW-LVMH investors jittery over anaemic China demand for European designer goods By Mimosa Spencer PARIS, Oct 14 (Reuters) - Investors in French luxury group LVMH LVMH.PA are eager for signs that China's new fiscal stimulus measures can finally pull wealthy and middle-class Chinese shoppers out of their funk, inspiring them to splash out on $4,300 designer leather handbags ahead of Singles Day , China's largest annual shopping spree.

BREAKINGVIEWS-Richemont exits online hell, but heaven is way off The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Karen Kwok LONDON, Oct 9 (Reuters Breakingviews) - Johann Rupert has finally found a way to cut his losses. The Richemont CFR.S boss on Monday said he was selling online luxury platform Yoox Net-A-Porter (YNAP) to German player Mytheresa, in exchange for a 33% stake in the buyer.

Deals of the day-Mergers and acquisitions Adds: Nissan, Duckhorn, Blue Owl, Heidelberg, Arcadium Updates: Chevron, Barnes Group Oct 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 14 17 GMT on Monday: * * Japan's Nissan Motor 7201.T said on Monday it would invest an undisclosed amount in ChargeScape and roll out the battery charging technology company's services to its electric-vehicle drivers across the United States and Canada.

Deals of the day-Mergers and acquisitions Oct 7 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1050 GMT on Monday: ** IT firm Atos ATOS.PA is still aiming to reach a deal with the French state on the sale of its most strategic activities such as cybersecurity and super-computing, it said on Monday, after an initial government offer expired.

UPDATE 2-European stocks eke out small gains, Orsted shines For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. ECB seen cutting rates again in Oct Luxury stocks rise on China optimism German economy to contract in 2024, econ ministry says STOXX closes up 0.1% Updated at 1615 GMT By Sruthi Shankar, Paolo Laudani and Johann M Cherian Oct 7 (Reuters) - European stocks eked out marginal gains on Monday, with Orsted topping the STOXX index as

BUZZ-Richemont rises after Yoox Net-A-Porter sale announcement ** Shares in Cartier-owner Richemont CFR.S rise 1.8% after the Swiss company announced a deal to sell its Yoox Net-A-Porter (YNAP) online fashion and accessories business ** "Overall, we see the announcement as positive for the sentiment, although we estimate the impact on Richemont to

LIVE MARKETS-European futures inch 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 EUROPEAN FUTURES INCH HIGHER European shares were set for a slightly higher start on Monday, following gains in Asia on Friday's strong U.S. jobs report and as investors kept pondering the implications of a Chinese recovery on the back of Beijing's stimulus measures.

UPDATE 2-Richemont offloads online retailer Yoox Net-A-Porter to Mytheresa Sale ends Richemont's search for buyer Mytheresa CEO confident company can improve the business Richemont shares gain after deal announced Adds details, share price, analyst, executive comment from paragraph 3 By John Revill ZURICH, Oct 7 (Reuters) - Cartier owner Richemont CFR.S has agreed to sell its loss-making Yoox Net-A-Porter online fashion and accessories business to Mytheresa 0FVy.MU , ending the search for a new

Richemont announces deal to sell online retailer Yoox Net-A-Porter ZURICH, Oct 7 (Reuters) - Cartier-owner Richemont CFR.S has agreed to sell its Yoox Net-A-Porter (YNAP) online fashion and accessories business to Mytheresa in exchange for a 33% stake in the German luxury fashion platform, it said on Monday. Mytheresa will acquire 100% of the share capital of YNAP following the deal, which is expected to close in the first half of 2025, Richemont added.

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.

EUROPE RESEARCH ROUNDUP-ASM International, Burberry, LVMH Oct 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ASM International, Burberry and LVMH on Tuesday. HIGHLIGHTS * ASM International ASMI.AS : Stifel cuts target price to EUR 740 from EUR 800 * Burberry Group BRBY.L : HSBC raises target price to 770p from 690p * Carlsberg CARLb.CO : Jefferies cuts target price to DKK 1,000 from DKK 1,100 * LVMH LVMH.PA : HSBC raises target p

Swiss stocks - Factors to watch on October 1 ZURICH/GDANSK, Oct 1 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Tuesday: COMPANY STATEMENTS SFS Group AG SFSN.S - SFS Acquires Leading Slovenian Distribution Partner In Construction Industry ANALYSTS' VIEWS COMPAGNIE FINANCIERE RICHEMONT CFR.S - HSBC RAISES TARGET PRICE TO CHF 150 FROM CHF 140 SWATCH UHR.S - HSBC RAISES TARGET PRICE TO CHF 200 FROM CHF 170 ECONOMY Swiss August retail sales due at 0630 GMT.