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European earnings: better but still mixed - Morgan Stanley

LIVE MARKETS-European earnings: better but still mixed - Morgan Stanley STOXX 600 up 0.7% Reckitt jumps on U.S. trial win Energy shares lead Focus on U.S. payrolls 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 EUROPEAN EARNINGS: BETTER BUT STILL MIXED - MORGAN STANLEY It has been a big earnings week in Europe, with Q3 numbers from oil giants Shell SHEL.L
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Haleon misses Q3 forecasts on weak Panadol sales, stronger pound

UPDATE 3-Haleon misses Q3 forecasts on stronger pound FY forecast maintained Shipment delays & client destocking partly hurt painkiller sales Shares down 2.4% Recasts lead, adds analyst comment in paragraph 5, updates shares By Yamini Kalia Oct 31 (Reuters) - Haleon HLN.L missed third-quarter revenue and profit expectations on Thursday, hit by a stronger pound and lower sales of its painkiller Panadol in Australia and the Middle East.
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PepsiCo, retailers share purchase data to improve sales forecasting, exec says

CORRECTED-PepsiCo, retailers share purchase data to improve sales forecasting, exec says Corrects title to senior vice president, strategy and transformation, in paragraph 5 PepsiCo's declining snack volumes trigger product changes PepsiCo uses retailers' data to improve demand forecasting AI helps PepsiCo and retailers process large amounts of shopper data By Richa Naidu and Jessica DiNapoli AMSTERDAM/NEW YORK, Oct 30 (Reuters) - PepsiCo PEP.O , which is overhauling some of its top brands like
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Brazil farmers, government slam Danone for cutting out Brazilian soy

UPDATE 1-Brazil farmers, government slam Danone for cutting out Brazilian soy Adds government comments in paragraphs 1, 5-6, Danone Brazil comment in paragraph 7 SAO PAULO, Oct 29 (Reuters) - B razilian soybean producers on Tuesday said there is good reason for products of Danone DANO.PA to be boycotted after the French dairy giant said it would stop sourcing soy from Brazil, while the Brazilian government criticized "unreasonable" moves by European companies.
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Brazil farmers seek to boycott Danone for cutting out Brazilian soy

Brazil farmers seek to boycott Danone for cutting out Brazilian soy SAO PAULO, Oct 29 (Reuters) - Brazilian soybean producers on Tuesday said there are reasons for farmers in the country to boycott Danone DANO.PA after the French dairy giant said it had stopped sourcing soy from the South American agricultural powerhouse. Danone's finance chief told Reuters last week that the company was instead buying soybeans from countries in Asia, ahead of a European Union rule requiring companies to prove t
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CBOT soybeans tumble on weakness in the crude oil market

CBOT soybeans tumble on weakness in the crude oil market CHICAGO, Oct 28 (Reuters) - Chicago Board of Trade soybean futures plunged on large supplies and spillover weakness from Monday's crude oil fall, said analysts. CBOT November soybeans SX24 ended down 13-3/4 cents at $9.74 a bushel. CBOT December soymeal SMZ24 settled down $1.00 at $304.80 per short ton and December soyoil BOZ24 fell 1.46 cents to finish at 42.69 cents per pound.
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Some companies change tack in China with no recovery in sight

ANALYSIS-Some companies change tack in China with no recovery in sight Executives downbeat about China early in Q3 earnings season Property crisis, youth unemployment remain a problem Beijing has pledged stimulus, investors say may not be enough China Q3 GDP slowest since early 2023 By Bernadette Hogg, Ananya Mariam Rajesh and Helen Reid GDANSK/BENGALURU/LONDON, Oct 28 (Reuters) - Companies around the world are starting to cut prices and costs and scale back activity in China, as the world's sec
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CBOT soybeans plunge with heavy supplies, South American weather in focus

CBOT soybeans plunge with heavy supplies, South American weather in focus CHICAGO, Oct 25 (Reuters) - Chicago Board of Trade soybean futures fell sharply on large supplies and beneficial weather in South America, while traders awaited the results of the U.S. presidential elections amid worries about rising trade tensions with China under a potential Donald Trump administration, analysts said.
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Russia's Putin authorises sale of Fraport's 25% stake in St Petersburg airport

UPDATE 1-Russia's Putin authorises sale of Fraport's 25% stake in St Petersburg airport Adds Fraport comment in paragraphs 2, 5-6 Oct 25 (Reuters) - Russian President Vladimir Putin has authorised the transfer of German airport operator Fraport's FRAG.DE 25% stake in St Petersburg's Pulkovo Airport to an unidentified party, a decree published on Friday showed.
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France's Danone cuts out Brazilian soy ahead of tough new EU rules

EXCLUSIVE-France's Danone cuts out Brazilian soy ahead of tough new EU rules Danone has stopped sourcing soy from Brazil, says CFO Danone pivots to soy from countries in Asia Switch comes ahead of tough new EU rules and fines Company had been using Brazilian soy for animal feed By Richa Naidu LONDON, Oct 25 (Reuters) - French dairy giant Danone DANO.PA has stopped sourcing soy from Brazil and now buys from countries in Asia, its finance chief told Reuters, ahead of a European Union rule requirin
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Russia's Putin authorises transfer of Fraport's 25% stake in St Petersburg airport

Russia's Putin authorises transfer of Fraport's 25% stake in St Petersburg airport Oct 25 (Reuters) - Russian President Vladimir Putin has authorised the transfer of German airport operator Fraport's FRAG.DE 25% stake in St Petersburg's Pulkovo Airport to an unidentified party, a decree published on Friday showed. The Kremlin has seized other Western assets since Russia's invasion of Ukraine in February 2022 and installed Russian management teams, most notably with Danish brewer Carlsberg CARLb.
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Anglo American, Munich Re, Stora Enso Oyj

EUROPE RESEARCH ROUNDUP-Anglo American, Munich Re, Stora Enso Oyj Oct 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American, Munich Re and Stora Enso Oyj , on Friday. HIGHLIGHTS * Anglo American Plc AAL.L : HSBC cuts target price to 2150p from 2200p * Brooks MacDonald Group Plc BRK.L : Peel Hunt cuts to add from buy * DSV DSV.CO : HSBC raises to buy from hold * Munich Re MUVGn.DE : Berenberg cuts to hold for buy * Stora
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Global food giants deepen price cuts to tempt China's wary shoppers

Global food giants deepen price cuts to tempt China's wary shoppers China's shoppers shift towards locally-made products Market is expected to remain weak Demand for infant health foods resilient By Richa Naidu LONDON, Oct 24 (Reuters) - International companies such as Danone DANO.PA and Nestle NESN.S have deepened price cuts or are seeking to boost online shopping volumes to win over China's increasingly reluctant customers, executives said.
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Danone’s yogurt bounty can spur M&A spree

BREAKINGVIEWS-Danone’s yogurt bounty can spur M&A spree The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Johnson LONDON, Oct 24 (Reuters Breakingviews) - Danone DANO.PA has found a rare, sweet spot for consumer goods groups. The $47 billion dairy specialist is consistently hitting its sales targets and maintaining volumes, unlike rival Nestlé NESN.S .
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European shares end flat as economic woes overshadow upbeat earnings

UPDATE 2-European shares end flat as economic woes overshadow upbeat earnings For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Travel and leisure tops sectoral gainers Hermes underpins mood in luxury stocks Renault rises after Q3 sales beat Edenred plummets on slight Q3 miss Updated at 1605 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 24 (Reuters) - European shares gave up early gains to close little changed on Thursday a
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'In Danone we trust' - French yoghurt maker edges up on Q3 beat

BUZZ-'In Danone we trust' - French yoghurt maker edges up on Q3 beat ** Shares in Danone DANO.PA rise 2%, sitting among top performers on France's blue-chip index CAC 40 .FCHI , after the world's largest yoghurt maker posted Q3 beat ** Danone posts like-for-like Q3 sales of 4.2% to 6.83 billion euros ($7.38 billion), beating respective estimates of
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Assa Abloy, Kering, L'Oréal

EUROPE RESEARCH ROUNDUP-Assa Abloy, Kering, L'Oréal Oct 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Assa Abloy, Kering and L'Oréal, on Thursday. HIGHLIGHTS * Assa Abloy ASSAb.ST : Deutsche Bank raises target price to SEK 305 from SEK 300 * Barratt Redrow Plc BTRW.L : Morgan Stanley cuts target price to 580p from 600p * Dowlais Group Plc DWL.L : Citigroup raises to neutral from sell * Kering PRTP.PA : JP Morgan cuts target
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Unilever and Danone win back shoppers as price hikes slow

WRAPUP 2-Unilever and Danone win back shoppers as price hikes slow Adds detail in paragraphs 11 and 13; adds CFO comment in paragraph 14 Unilever, Danone beat third-quarter sales estimates Companies slow price hikes sharply and volumes spike Both firms maintain 2024 sales outlooks By Richa Naidu and Dominique Vidalon LONDON/PARIS, Oct 24 (Reuters) - Consumer goods groups Unilever ULVR.L and Danone DANO.PA beat third-quarter sales estimates on Thursday as they slowed price hikes and invested in i
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French and Benelux stocks-Factors to watch

UPDATE 1-French and Benelux stocks-Factors to watch Adds Atos, Danone, Dassault, Eramet, Hermes, Orange and Renault Oct 24 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. A TOS ATOS.PA : The struggling French IT firm reported a 4.4% organic drop in third-quarter revenue on Thursday, blaming softer market conditions, but said it had seen an improved order entry for the next quarter.
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France's Danone keeps 2024 goals as Q3 sales beat forecasts

UPDATE 2-France's Danone keeps 2024 goals as Q3 sales beat forecasts Q3 l-f-l sales up 4.2% vs est. 3.9% growth Keeps 2024 forecast for 3%-5% l-f-l sales growth Sales beat driven by stronger-than-expected volumes Adds CFO comment, analyst comment By Dominique Vidalon PARIS, Oct 24 (Reuters) - French food group Danone DANO.PA beat third-quarter sales expectations on Thursday, boosted by higher sales volumes as price hikes slowed, and reflecting strong demand in North America for high-protein prod
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