Indian Finance Minister Issues Warnings Regarding Crypto
The Indian finance minister suggested against using cryptocurrency.The law enforcement organization blocked the assets of two crypto exchanges.At a BJP Economic Cell event on Saturday,...
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Richemont News & Analysis
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Luxury group Richemont opposes Bluebell’s bid for board position
By John Revill ZURICH (Reuters) – Richemont on Monday urged shareholders to vote against appointing a representative of activist investor Bluebell Capital Partners to the luxury goods...
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Activist Bluebell wants Richemont to focus on jewellery, watches
ZURICH (Reuters) – Bluebell Capital Partners wants Swiss luxury goods group Richemont to concentrate on jewellery and watches, the activist fund manager told Reuters on Wednesday, saying...
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Fund manager Bluebell seeks Richemont board changes
ZURICH (Reuters) – Fund manager Bluebell Capital Partners has asked Compagnie Financiere Richemont to broaden representation on its board of directors, the Swiss luxury group said on...
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Burberry, Richemont shares slump on China jitters, weaker US
PARIS (Reuters) – Shares in Burberry and Richemont slumped on Friday, hit by concern over the damage to the luxury industry from China’s COVID-19 lockdowns as dismal GDP data from the...
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Richemont reports double-digit sales, as tourists return to Europe
Richemont reports double-digit sales, as tourists return to Europe
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Dow Jones Newswires: Richemont sees return of tourism in Europe drive double-digit sales
Sales in Europe rose by 42% in the period, the Cartier owner said, pointing to a recovery in spending from American and Middle Eastern tourists.
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Richemont posts 12% Q1 sales increase as markets outside Asia grow
ZURICH (Reuters) -Luxury goods group Richemont said on Friday higher sales in Europe, the Americas, Japan and the Middle East offset lower sales in the Asia Pacific region during the three...
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Chinese Easing, Europe Data Shocks, Palo Alto Earnings - What's Moving Markets
By Geoffrey Smith Investing.com --- A modest bit of monetary easing in China triggers a short-covering bounce in the U.S., but stocks are still on course for their lowest weekly close since...
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Luxury Misses Out on Market Bounce After Richemont Warns of China Woes
By Geoffrey Smith Investing.com -- Luxury stocks across Europe underperformed on Friday after Swiss-based Richemont (SIX:CFR) warned of a big hit to sales from the closure of Chinese...
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European Stocks Higher; China Rate Cut, UK Retail Sales Help
By Peter Nurse Investing.com - European stock markets traded higher Friday, ending the week on a positive note with investors buoyed by strong U.K. retail sales data as well as China...
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European Stock Futures Surge Higher; Chinese Rate Cut Boosts Sentiment
By Peter Nurse Investing.com - European stock markets are expected to open sharply higher Friday, following the positive lead from Asia after China cut a key lending benchmark, seeking to...
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Farfetch Slumps as Revenue Falls Short, Guidance Cut
By Dhirendra Tripathi Investing.com – Farfetch stock (NYSE:FTCH) slumped 8% Friday as the luxury retailer’s third-quarter sales disappointed and it lowered its guidance. Gross merchandise...
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Burberry, Richemont Weaker Amid Worries Over Top Level Changes
By Dhirendra Tripathi Investing.com – Burberry (LON:BRBY) and Richemont (SIX:CFR) were trading lower in Friday’s premarket as worries about top level reshuffle outweighed positive...
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European Stock Futures Largely Higher; PMI Numbers Due
By Peter Nurse Investing.com - European stock markets are seen opening largely higher Friday, continuing the strong gains from the previous session as optimism over the region’s outlook...
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UPDATE 2-SAP, LVMH earnings nudge European stocks higher; German shares lag
* SAP gains as cloud sales boost Q1* Luxury stocks rise after LVMH results* Economic institutes will cut 2021 German GDP forecast -sources (Updates to close)By Sruthi Shankar and Susan...
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SAP, LVMH earnings nudge European stocks higher
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)April 14 (Reuters) - European stocks inched up on Wednesday, as upbeat earnings...
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GLOBAL MARKETS-Equities hit record highs, oil and dollar edges higher as Biden takes office
(Updates through close of U.S. trading)By David RandallNEW YORK, Jan 19 (Reuters) - Global equity benchmarks rose to new record highs and oil prices rose on Wednesday as investors moved into...
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UPDATE 2-Wall St bounce, upbeat earnings lift European stocks
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* European tech stocks hit 20-year peak* Luxury stocks gain on upbeat Richemont earnings* Investors eye big stimulus...
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GLOBAL MARKETS-Equities and oil jump, bonds dip as Biden takes office
By David RandallNEW YORK, Jan 19 (Reuters) - Global equity benchmarks and oil prices rose while U.S. Treasury bonds dipped Wednesday as investors weighed the likelihood of further U.S....
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GLOBAL MARKETS-Stocks welcome Yellen's call to 'act big' on coronavirus spending
* Euro STOXX 600 up 0.5%* MSCI ex-Japan Asia hits record* Wall Street futures up* Investors bullish after Yellen supports big spending* Oil up, dollar on the back footBy Tom WilsonLONDON,...
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GLOBAL MARKETS-Shares rise after Yellen's call to `act big' on coronavirus spending
* Euro STOXX 600 up 0.3%* MSCI ex-Japan Asia hits record* Nasdaq futures up on Netflix* Investors bullish after Yellen supports big spending* Oil up, dollar on the back footBy Tom Wilson and...
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Luxury stocks, ASML lift European shares in early trading
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)Jan 20 (Reuters) - European stocks rose on Wednesday after Swiss luxury group...
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UPDATE 2-European stocks end strong week with mild losses
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Wall St choppy as Biden seen closer to victory* Airlines hit as lockdown fears...
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UPDATE 2-European stocks end off session lows ahead of EU summit
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* ECB's Lagarde says EU stimulus scheme to favour grants* Richemont slides as sales halve, hits luxury stocks*...
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European shares slip as U.S.-China tensions, poor earnings weigh
(For a live blog on European stocks, type LIVE/ in an Eikon news window)July 16 (Reuters) - European shares eased from one-month highs on Thursday, as growing friction in U.S.-China...
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UPDATE 2-European shares log worst week since mid-March
* Miners jump after positive China data* German economy suffers worst contraction since 2009 in Q1* Wirecard slumps to lowest in two years(For a live blog on European stocks, type LIVE/ in...
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UPDATE 3-Coronavirus fears wipe billions from European stocks
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* Mining stocks slump on fears virus outbreak may hit China growth* Luxury goods makers, airlines, hotels tumble*...
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StockBeat: Stoxx 600, DAX Hit Records; Richemont Sparkles, EDF Surges
By Geoffrey Smith Investing.com -- Europe’s stock markets hit new record highs on Friday morning as data out of China suggested that the world’s second-largest economy is...
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StockBeat: Kering-Moncler Report Propels Luxury Names
By Geoffrey SmithInvesting.com -- There’s merger speculation in the air among Europe’s luxury groups Thursday, with shares in Moncler (MI:MONC) – the Italian maker of...
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LVMH’s $16 Billion Tiffany Takeover ‘A Smart Move’: Street Wrap
(Bloomberg) -- LVMH's (PA:LVMH) $16 billion purchase of U.S. jeweler Tiffany (NYSE:TIF) won the applause of analysts and investors, who said the deal allows the French conglomerate to...
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UPDATE 2-Defensive stocks help European shares end flat, London lags
(For a live blog on European stocks, type LIVE/ in an Eikon news window)* STOXX 600 pulls back from 4-year peak* UK economy grows at slowest annual rate since 2010 in Q3* Greggs jumps 17%...
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StockBeat: Trade Fears, HK Violence Hit HSBC, StanChart, Luxury Names
Investing.com -- The escalation of violence in Hong Kong over the weekend has cast a pall over European stock markets on Monday, reinforcing a “risk-off” move that was already...
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UPDATE 2-European shares break 5-day winning run as Trump dampens trade talk hopes
* Trump says has not agreed to roll back tariffs on China* Defensive stocks gain as risk appetite falls* STOXX 600 on track for five weeks of gains* Credit Agricole drops after results*...
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UPDATE 2-Bank rally leads European stocks higher
* Banks snap 3-day losing streak* Steel stocks fall after U.S. Steel's weak forecast* Swiss lenders gain after SNB raises negative rate threshold (Updates to close)By Sruthi ShankarSept...
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UPDATE 2-European shares tread water with Fed decision looming
* Semiconductors lead gains among tech stocks* Moncler leads declines among luxury shares* Fed policy statement due at 1800 GMT (Updates to close)By Sruthi ShankarSept 18 (Reuters) -...
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GLOBAL MARKETS-Oil prices slip on Saudi pledge, financial markets look to Fed
* Oil stabilise as Saudi says has restored supply* But geopolitical tensions still support crude* Investors expect Fed to cut rates by 25 basis points on Wed* European shares tread water,...
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GLOBAL MARKETS-Caution rules oil, financial markets due to Middle East worries, Fed
* Oil stabilise as Saudi says has restored supply* But geopolitical tensions still support crude* Investors expect Fed to cut rates by 25 basis points on Wed* European shares tread water,...
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Luxury stocks push European shares lower, all eyes on Fed
(For a live blog on European stocks, type LIVE/ in an Eikon news window)Sept 18 (Reuters) - Losses in luxury stocks dragged European shares lower on Wednesday, while investors remained wary...
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UPDATE 2-Relief for European stocks as political tensions ease
* Italian shares rally as PM unveils cabinet* Opponents of 'no-deal' Brexit defeat PM Johnson* FTSE 100 under-performs as pound halts slide* Hong Kong leader withdraws extradition...
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