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Richemont


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Swiss trade surplus at CHF 4.578 bln in August

TABLE-Swiss trade surplus at CHF 4.578 bln in August Sept 19 (Reuters) - Switzerland ran a merchandise trade surplus of 4.578 billion Swiss francs in August, the Federal Customs Office said on Thursday. KEY FIGURES (millions of Swiss francs) August 2024 July 2024 Imports 15.912 19.215 Exports 20.491 24.092 Balance 4.578 4.877 The figures exclude precious metals and stones, works of art and antiques.
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Swiss stocks - Factors to watch on September 19

Swiss stocks - Factors to watch on September 19 ZURICH/GDANSK, September 19 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Thursday: ROCHE HOLDING AG ROG.S Roche says phase III results show Xofluza significantly reduces the transmission of influenza viruses. RICHEMONT CFR.S - 2.75 CHF/shr dividend ECONOMY Swiss August trade balance due at 0600 GMT.
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How migrant workers suffered to craft the 'Made in Italy' luxury label

INSIGHT-How migrant workers suffered to craft the 'Made in Italy' luxury label Some luxury goods contractors in Tuscany have employed undocumented migrant workers Migrant workers were offered irregular contracts and had to work long hours Some labourers had no previous experience of making luxury accessories Montblanc terminated a contractor in Tuscany because it failed to meet conduct standards By Emilio Parodi, Elisa Anzolin, Denis Balibouse and Mimosa Spencer PRATO, Italy/GENEVA, Sept 18 (Reu
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Auction Technology, Compass, D'Ieteren Group

EUROPE RESEARCH ROUNDUP-Auction Technology, Compass, D'Ieteren Group Sept 17 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Auction Technology, Compass Group and D'Ieteren Group on Tuesday. HIGHLIGHTS * Auction Technology Group Plc ATG.L : JP Morgan raises to overweight from neutral * Compass Group CPG.L : RBC cuts to sector perform from outperform * D'Ieteren Group SA IETB.BR : Jefferies cuts to hold from buy * Hermes HRMS.PA : Ex
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Swiss stocks - Factors to watch on September 11

Swiss stocks - Factors to watch on September 11 ZURICH/GDANSK, Sept 11(Reuters) - Here are some of the main factors that may affect Swiss stocks on Wednesday: HOLCIM HOLN.S Mexican cement maker Cemex said on Tuesday that it had sold its operations in Guatemala to Holcim Group for around $200 million. NESTLE NESN.S According to media reports by Bloomberg News, Nestle is set to pay a 2 million euros fine to end its French mineral water case.
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Alcon, Rockwool, Zealand Pharma

EUROPE RESEARCH ROUNDUP- Alcon, Rockwool, Zealand Pharma Sept 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alcon, Rockwool and Zealand Pharma, on Tuesday. HIGHLIGHTS * Alcon AG ALCC.S : RBC raises to outperform from sector perform * Maersk MAERSKb.CO : JP Morgan resumes coverage with underweight rating; target DKK 8,575 * Rockwool ROCKB.CO : HSBC raises target price to DKK 3,200 from DKK 3,100 * Wizz Air WIZZ.L : JP Morgan cu
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Barclays Bank, Ferrari, Volkswagen

EUROPE RESEARCH ROUNDUP-Barclays Bank, Ferrari, Volkswagen Sept 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Barclays Bank, Ferrari and Volkswagen on Monday. HIGHLIGHTS * Barclays Bank BARC.L : Morgan Stanley raises target price to 300p from 290p * Ferrari RACE.MI : Citigroup raises target price to EUR 360 from EUR 334 * Mercedes-Benz Group AG MBGn.DE : Citigroup cuts target price to EUR 60 from EUR 65 * Shell Plc SHEL.L : HSB
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Barclays says China looks 'weaker for longer', cuts Kering, Burberry

BUZZ-Barclays says China looks 'weaker for longer', cuts Kering, Burberry ** Barclays says China looks "weaker for longer" on structural issues and cuts estimates and PTs across its coverage, while downgrading Gucci owner Kering PRTP.PA and Burberry BRBY.L ** "The sentiment on the ground was much more cautious than 6 months ago, as there is now a c
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Technology stocks lead European shares lower as growth worries weigh

UPDATE 2-Technology stocks lead European shares lower as growth worries weigh Euro zone August business activity gains from Olympics lift Commerzbank slips as German government aims to reduce stake Volvo Cars stock drops after scrapping 2030 EV-only target STOXX 600 down 1% Updated at 1612 GMT By Shubham Batra and Lisa Pauline Mattackal Sept 4 (Reuters) - Europe's main share indices fell to a two-week low on Wednesday, with technology stocks leading declines as concerns of an imminent slowdown i
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Admiral, Capgemini, Zurich Insurance Group

EUROPE RESEARCH ROUNDUP- Admiral, Capgemini, Zurich Insurance Group Aug 22 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Admiral, Capgemini and Zurich Insurance Group, on Thursday. HIGHLIGHTS * Admiral ADML.L : Jefferies raises to hold from underperform * Capgemini CAPP.PA : Jefferies cuts target price to EUR 185 from EUR 195 * Glenveagh Properties Plc GLV.I : Jefferies raises to buy from hold * Orsted ORSTED.CO : Deutsche Bank c
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Japan's Shiseido becomes latest luxury brand hit by China slump, shares plunge

Japan's Shiseido becomes latest luxury brand hit by China slump, shares plunge TOKYO, Aug 8 (Reuters) - Japanese cosmetics powerhouse Shiseido 4911.T fell by its daily limit in Tokyo trading on Thursday following midyear earnings that were hit by restructuring costs and slumping demand in China. Shiseido becomes the latest casualty among luxury brands, including Cartier-owner Richemont CFR.S and Gucci's Kering PRTP.PA , to be stung by slowing growth and consumer confidence in the world's second-
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China's luxury push paves way for sin tax rejig

RPT-BREAKINGVIEWS-China's luxury push paves way for sin tax rejig The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Chan Ka Sing HONG KONG, Aug 5 (Reuters Breakingviews) - China's latest plan to boost spending looks underwhelming. The State Council on Sunday released a 20-point plan aimed at spurring consumption in high-end sectors like yachts and cruise ships.
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China's luxury push paves way for sin tax rejig

BREAKINGVIEWS-China's luxury push paves way for sin tax rejig The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Chan Ka Sing HONG KONG, Aug 5 (Reuters Breakingviews) - China's latest plan to boost spending looks underwhelming. The State Council on Sunday released a 20-point plan aimed at spurring consumption in high-end sectors like yachts and cruise ships.
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Tourist splurge in Japan creates new headache for luxury brands

Tourist splurge in Japan creates new headache for luxury brands By David Dolan TOKYO, Aug 1 (Reuters) - Tourists are flocking to Japan to scoop up high-end clothes and handbags at a discount thanks to the weak yen currency. Luxury goods companies like Louis Vuitton parent LVMH LVMH.PA would rather they stayed home and shopped. The yen's JPY= sell-off - it hit a 38-year low against the dollar last month before recovering ground - has sparked an unprecedented tourist boom, drawing savvy shoppers f
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Weakness in China hitting more than just luxury

LIVE MARKETS-Weakness in China hitting more than just luxury STOXX 600 up 0.55% Oil & gas, real estate lead gainers Reckitt tumbles Wall St futures 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 WEAKNESS IN CHINA HITTING MORE THAN JUST LUXURY Second-quarter results from Europe's luxury names have mostly been on the soft side, with most companies flagging weakness in China
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Jet2, Natwest Group, Unilever

EUROPE RESEARCH ROUNDUP-Jet2, Natwest Group, Unilever July 29 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Jet2, Natwest Group and Unilever, on Monday. HIGHLIGHTS * BAE Systems BAES.L : Citigroup raises to buy from neutral * Drax Group Plc DRX.L : Morgan Stanley raises target price to 670p from 650p * Jet2 Plc JET2.L : HSBC raises target price to 2020p from 1980p * Natwest Group Plc NWG.L : Berenberg raises target price to 415p
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LVMH CEO Bernard Arnault Says There Is Geopolitical Uncertainty, With Some Economic Problems But I Am Still Optimistic - CNBC Interview

BRIEF-LVMH CEO Bernard Arnault Says There Is Geopolitical Uncertainty, With Some Economic Problems But I Am Still Optimistic - CNBC Interview July 26 (Reuters) - LVMH CEO BERNARD ARNAULT SAYS THERE IS GEOPOLITICAL UNCERTAINTY, WITH SOME ECONOMIC PROBLEMS BUT I AM STILL OPTIMISTIC - CNBC INTERVIEW LVMH CEO ARNAULT SAYS HAPPY WITH RICHEMONT, JOHANN R
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'No light at end of tunnel' - Kering slumps to 7-yr lows on H2 guidance slash

REFILE-BUZZ-'No light at end of tunnel' - Kering slumps to 7-yr lows on H2 guidance slash Refiles to remove extraneous word in headline. ** Shares in Kering PRTP.PA plummet 8.6%, to its lowest price in 7 years, as the Gucci owner forecasts a 30% slump in H2 operating profit hit by weak demand in China ** Kering's Q2 sales fall 11% organically to 4.51 bln euros ($4.88 bln), more than the consensus expected (-9%), while H1 oper profit slumps 42% y/y ** "Another step backwards," Deutsche Bank says,
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Luxury stocks sell off again as LVMH posts below-bar Q2 earnings

BUZZ-Luxury stocks sell off again as LVMH posts below-bar Q2 earnings Recasts with sector performance, adds peers, milestones, updates shares ** Expectations-missing Q2 results from luxury giant LVMH, a bellwether for the sector, weigh on peers , already under pressure after weak Burberry and Richemont prints ** LVMH results confirm "even best-in-c
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Tesla, Alphabet earnings take centre stage

LIVE MARKETS-Tesla, Alphabet earnings take centre stage 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 TESLA, ALPHABET EARNINGS TAKE CENTRE STAGE Markets mostly took Joe Biden's withdrawal from the U.S. presidential race in their stride, flicking the switch from politics back to focus on earnings and interest rates.
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