Zalando to open tech site in China; no current plans to enter the market By Linda Pasquini Aug 6 (Reuters) - Zalando ZALG.DE said on Tuesday it would open a new tech site in China's tech-hub Shenzhen, but it was not planning to expand its marketplace to China at this point in time. The Chinese tech centre would allow the German online fashion retailer to tap into local expertise in social commerce and integrate that with the company's knowledge of the European e-commerce market, finance chief Sa

UPDATE 2-Europe's STOXX 600 edges up in global recovery, earnings relief For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window German industrial orders swell in ray of hope for weak economy Novo Nordisk logs biggest one-day gain in five months Bayer shares drop after earnings hit by tough farm market Monte dei Paschi di Siena up after raising profit outlook STOXX 600 up 0.3% Updated at 1600 GMT By Pranav Kashyap and Ankika Biswas Aug 6 (Reuter

LIVE MARKETS-Futures point to Turnaround Tuesday 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 FUTURES POINT TO TURNAROUND TUESDAY After a three-day rout across global markets that sank the STOXX 600 .STOXX to over 6-month lows, tension looked set to ease on Tuesday, with European equity futures all pointing to a recovery in early trade.

BUZZ-Zalando seen up 10% on better-than-expected Q2 results ** Zalando ZALG.DE is indicated up 10% in premarket trade after the online fashion marketplace reported a rise in sales and operating profit in the second quarter ** "Zalando Q224 better than expected on 1st sight," a local trader says ** "Company reported results slightly above our expect

UPDATE 3-Zalando's profit boosted by sports, beauty, better inventories Q2 adjusted profit up 18.5% to 171.6 mln euros Double-digit percentage growth in sports helps sales Expects growth to accelerate in second half CFO will not renew current contract beyond term Shares jumped as much as 7% in early trading Updates share move in paragraph 1 and 6, adds CFO comments from media call.

BRIEF-Zalando Announces Completion Of 100M EUR Repurchase Of Its Convertible Bond Aug 6 (Reuters) - ZALANDO SE ZALG.DE : ANNOUNCES SUCCESSFUL COMPLETION OF 100M EUR REPURCHASE OF ITS CONVERTIBLE BOND ANNOUNCES SUCCESSFUL COMPLETION OF 100M EUR REPURCHASE OF ITS CONVERTIBLE BOND MATURING IN AUGUST, 2025 WITH A COUPON OF 0.05% Further company coverag

Zalando reports 18.5% rise in Q2 operating profit Aug 6 (Reuters) - Online fashion marketplace Zalando ZALG.DE reported an 18.5% increase in its operating profit for the second quarter on Tuesday, helped by inventory management and lower order fulfilment costs. Quarterly adjusted earnings before interest and tax (EBIT) rose to 171.6 million euros ($187.94 million) from 144.8 million in the same period last year, Zalando said.

DIARY-Germany corporate earnings week ahead Aug 2 (Reuters) - Diary of Germany (.GDAXI) corporate earnings for the week ahead GERMANY EARNINGS Start Date Start Time (GMT) RIC Company Name Event Name 05-Aug-2024 BMO IFXGn.DE Infineon Technologies AG Q3 2024 Infineon Technologies AG Earnings Release 06-Aug-2024 05:30 BAYGn.DE Bayer AG Q2 2024 Bayer AG Earnings Release 06-Aug-2024 05:00 ZALG.DE Zalando SE Q2 2024 Zalando SE Earnings Release 07-Aug-2024 NTS ENR1n.DE Siemens Energy AG Q3 2024 Siemens

BUZZ-Top of the Street: AB Inbev, Elekta, Zalando A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Morgan Stanley cuts Zalando ZALG.DE to "equal-weight" from "overweight" as it sees risks to the German online retailer's mid-term growth trajectory ** UBS raises Anheuser-Busch Inbev ABI.BR to "buy" from "neutral", saying the Belgian brewer is at the cusp of a significant free cashflow inflection, with $15 billion of excess cash supporting accelerated cash r

UPDATE 1-European shares start week on bright footing on autos, banks' boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Eurofins Scientific drops after Muddy Waters says short on co Germany's Hochtief tops STOXX on Jefferies upgrade STOXX 600 up 0.4% Updated at 0838 GMT By Shashwat Chauhan and Jesus Calero June 24 (Reuters) - European shares advanced on Monday, shrugging off initial losses as automobile and bank stocks rose, while f

EUROPE RESEARCH ROUNDUP-Hochtief, Telenor, Zalando SE June 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Hochtief AG, Telenor and Zalando SE, on Monday. HIGHLIGHTS * Associated British Foods ABF.L : HSBC raises target price to 3,075p from 3,010p * Berkeley Group Holdings Plc BKGH.L : Morgan Stanley cuts PT to 4,369p from 4,516p * Hochtief AG HOTG.DE : Jefferies raises target price to EUR 124 from EUR 109 * Telenor TEL.OL : HSB

BUZZ-MS sees mid-term growth risks for Zalando as competition rises ** Morgan Stanley cuts Zalando ZALG.DE to 'equal-weight' from 'overweight' as it sees risks to mid-term growth trajectory ** Shares in the German online retailer fall as much as 10% ** MS estimates sit at the bottom-end of Zalando's medium-term revenue guidance for about 5-10% CAGR

EUROPE RESEARCH ROUNDUP-AB Dynamics, Etteplan, Wise June 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AB Dynamics, Etteplan and Wise, on Friday. HIGHLIGHTS * AB Dynamics Plc ABDP.L : Berenberg re-initiates coverage With Buy rating; PT 2,620p * Crest Nicholson CRST.L : Barclays cuts target price to 230p from 258p * Etteplan Oyj ETTE.HE : Evli Research raises to buy from hold * Halma HLMA.L : Barclays raises target price to 284

EU in touch with Telegram as it nears criterion for EU tech rules By Foo Yun Chee BRUSSELS, May 28 (Reuters) - EU tech regulators are in touch with messaging app Telegram as it nears a key usage criterion that could see it subject to more stringent requirements under a landmark EU online content legislation, the European Commission said on Tuesday.