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Indonesia labour group urges state bailout for troubled textile giant Sritex

Indonesia labour group urges state bailout for troubled textile giant Sritex JAKARTA, Oct 28 (Reuters) - A major labour group in Indonesia has called on the government to bail out troubled textile giant Sritex, after President Prabowo Subianto ordered his ministers to save the firm from bankruptcy. Prabowo, who took office last week, has ordered his cabinet to find solutions for Sritex quickly, after a court last week accepted a petition by one of its trade partners over unpaid debt, which has p
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Spanish stocks - Factors to watch on Oct 11

Spanish stocks - Factors to watch on Oct 11 Oct 11 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: IBERDROLA IBE.MC Spain's largest power company, Iberdrola, will invest up to 12 billion pounds ($15.66 billion) in its British division Scottish Power over the next four years, doubling its commitment in the UK ahead of a global investment summit in London.
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Spain's top fashion retailers to launch trial to collect clothes waste in 2025

Spain's top fashion retailers to launch trial to collect clothes waste in 2025 By Corina Pons MADRID, Oct 10 (Reuters) - Spain's largest fashion companies will start collecting discarded clothes from April next year as part of a voluntary pilot scheme to manage textile waste that anticipates EU regulations expected to come into force in 2026. Zara owner Inditex ITX.MC , H&M HMb.ST , Decathlon, Ikea IKEA.UL and Primark ABF.L are among 10 brands that will participate in a trial that will separate
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Uniqlo operator posts 3rd year of record profit, founder sets aim at Western markets

UPDATE 2-Uniqlo operator posts 3rd year of record profit, founder sets aim at Western markets Recasts with chief executive comments in paragraphs 1-3, details throughout, succession comments in 13-16 By Rocky Swift TOKYO, Oct 10 (Reuters) - The Japanese operator of the Uniqlo clothing chain booked its third consecutive year of record earnings on Thursday, with its leader laying out an aggressive plan for global growth.
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Uniqlo owner seen posting 24% annual profit surge on brand's overseas push

UPDATE 1-Uniqlo owner seen posting 24% annual profit surge on brand's overseas push Fast Retailing's profit likely rose 24% to 478.3 billion yen Key factors: Japan's fall/winter sales, China business recovery Shares up 43% in 2024, outperforming Nikkei's 16% rise Adds earnings release date in 2nd paragraph, updates shares in last paragraph. By Rocky Swift TOKYO, Oct 9 (Reuters) - The Japanese owner of casual wear giant Uniqlo is projected to beat its own forecast in what would be a third straigh
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Uniqlo owner seen posting 24% annual profit surge on brand's overseas push

PREVIEW-Uniqlo owner seen posting 24% annual profit surge on brand's overseas push Fast Retailing's profit likely rose 24% to 478.3 billion yen Key factors: Japan's fall/winter sales, China business recovery Shares up 43% in 2024, outperforming Nikkei's 17% rise By Rocky Swift TOKYO, Oct 9 (Reuters) - The Japanese owner of casual wear giant Uniqlo is projected to beat its own forecast in what would be a third straight year of record profits as its brand makes inroads in western markets and its b
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Online retailer Shein's 2023 sales hit $2 billion in UK

UPDATE 3-Online retailer Shein's 2023 sales hit $2 billion in UK UK business booked a pretax profit of 24.4 mln stg in 2023 Shein seeking regulatory approval for a UK listing To start informal investor meetings soon, sources say Adds details on UK footprint, tax loophole By Helen Reid Oct 8 (Reuters) - Shein's British business made 1.55 billion pounds ($2 billion) in revenue in 2023, a filing by the online fast-fashion group showed on Tuesday, as it prepares for a hotly debated listing in London
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Retailers with highest number of shipments into US East Coast ports

FACTBOX-Retailers with highest number of shipments into US East Coast ports NEW YORK, Oct 3 (Reuters) - The largest dockworker strike in nearly fifty years has entered its third day at U.S. East Coast ports, threatening shortages of goods ranging from bananas to auto parts and causing a backlog of ships anchored outside major ports. Major retailers are implementing back-up shipping plans to ensure goods arrive in time for the peak holiday season.
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Big Technologies, Safran, Volution Group

EUROPE RESEARCH ROUNDUP-Big Technologies, Safran, Volution Group Sept 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Big Technologies, Safran and Volution Group on Friday. HIGHLIGHTS * 3I Group III.L : Citigroup raises target price to 4140p from 3850p * Big Technologies Plc BIGB.L : Peel Hunt raises to add from hold * Safran SAF.PA : Jefferies raises target price to EUR 220 from EUR 205 * Solar Foods Oyj SFOODS.HE : Inderes rai
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H&M bets on lower prices, trendy clothing to boost holiday sales

H&M bets on lower prices, trendy clothing to boost holiday sales H&M broadens trendy clothing range to attract shoppers CEO Erver says value for money crucial for cautious consumers Star-studded marketing campaign aimed at boosting H&M brand H&M shares fell after it scrapped 2024 margin target By Helen Reid and Marie Mannes STOCKHOLM, Sept 26 (Reuters) - Swedish fashion retailer H&M HMb.ST is banking on lower prices and a wider range of trendy clothing compared to basics to drive sales among cau
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Europe's STOXX 600 clocks all-time closing high on China stimulus boost

UPDATE 2-Europe's STOXX 600 clocks all-time closing high on China stimulus boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 up 1.3% Sweden's H&M falls after abandoning 2024 margin target Switzerland's Swatch jumps on report of potential delisting Swiss National Bank cuts rate by 25 bps Updated at 1600 GMT By Pranav Kashyap and Shashwat Chauhan Sept 26 (Reuters) - European shares jumped on Thursday, with China-exposed stock
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Europe's China-exposed stocks turbocharged on stimulus hopes

LIVE MARKETS-Europe's China-exposed stocks turbocharged on stimulus hopes STOXX 600 up 1% Miners, luxury lead rally China pledges more spending Wall St futures rise 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 EUROPE'S CHINA-EXPOSED STOCKS TURBOCHARGED ON STIMULUS HOPES European miners, luxury names and tech are getting a considerable boost this morning as optimism around addi
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H&M tumbles on Q3 profit miss, dropped margin target

BUZZ-H&M tumbles on Q3 profit miss, dropped margin target Updates shares, adds analysts comments, milestones ** Shares in H&M HMb.ST fall 6.8% after the Swedish fashion retailer abandoned its 2024 operating margin goal and posted lower than expected Q3 profits ** H&M says external factors impacted revenue and purchasing costs more than expected in the quarter, and posts rising costs of markdowns and marketing ** Its Q3 operating profit falls to 3.51 billion Swedish crowns ($346 million) vs 4.93
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H&M seen falling as it drops margin target, posts Q3 profit miss

BUZZ-H&M seen falling as it drops margin target, posts Q3 profit miss ** Shares in H&M HMb.ST are seen falling 3% after the Swedish fashion retailer abandoned its 2024 operating margin goal and posted lower than expected Q3 profits ** H&M says external factors impacted revenue and purchasing costs more than expected in the quarter ** Its Q3 operati
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European futures bounce as China stimulus optimism persists

LIVE MARKETS-European futures bounce as China stimulus optimism persists 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 BOUNCE AS CHINA STIMULUS OPTIMISM PERSISTS European futures are hinting at a bounce at the open, as stocks get a renewed boost on optimism around China stimulus.
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H&M Sees Operating Margin Below 10% This Year

BRIEF-H&M Sees Operating Margin Below 10% This Year Sept 26 (Reuters) - H & M Hennes & Mauritz AB HMb.ST : BOARD OF DIRECTORS HAS DECIDED TO BUY BACK H&M CLASS B SHARES FOR SEK 1 BILLION, STARTING ON 26 SEPTEMBER 2024 AND CONTINUING UNTIL NO LATER THAN 26 NOVEMBER 2024 AT PRESENT WE ESTIMATE THAT THIS YEAR'S OPERATING MARGIN WILL BE LOWER THAN 10 P
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H&M abandons 2024 margin target as costs hurt profit

UPDATE 6-H&M abandons 2024 margin target as costs hurt profit H&M scraps goal of 10% operating margin Quarterly operating profit lags expectations September sales expected to rise by 11% H&M shares fall 8% Adds CEO quotes in paragraphs 12 and 18 By Marie Mannes and Helen Reid STOCKHOLM, Sept 26 (Reuters) - H&M HMb.ST scrapped its margin target for 2024 as higher discounting, costs and fierce competition hurt operating profit in the third quarter, denting shares in the world's second-biggest list
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Firms including Amazon to buy $180 million in carbon credits from namesake rainforest

UPDATE 1-Firms including Amazon to buy $180 million in carbon credits from namesake rainforest LEAF's first deal in the Amazon rainforest Para state to allocate proceeds to Indigenous and local communities Amazon, Bayer, BCG, Capgemini, H&M, Walmart to buy 5 million credits at $15 each Updates with official announcement at climate week By Jake Spring SAO PAULO, Sept 24 (Reuters) - Amazon AMZN.O and other companies have agreed to buy carbon offset credits that will support the conservation of its
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Firms including Amazon to buy $180 million in carbon credits from namesake rainforest

CORRECTED-Firms including Amazon to buy $180 million in carbon credits from namesake rainforest Changes name of purchaser in paragraph 8 to Walmart Foundation By Jake Spring SAO PAULO, Sept 24 (Reuters) - Amazon AMZN.O and other companies have agreed to buy carbon offset credits that will support the conservation of its namesake rainforest in the Brazilian state of Para, in a deal valued at around $180 million.
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BP, Essentra, OMV

EUROPE RESEARCH ROUNDUP- BP, Essentra, OMV Sept 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including BP Plc, Essentra Plc and OMV on Tuesday. HIGHLIGHTS * BP Plc BP.L : Jefferies cuts target price to 540p from 590p * Essentra Plc ESNT.L : Berenberg cuts target price to 200p from 255p * Energean Plc ENOG.L : Morgan Stanley cuts to equal weight from overweight * OMV AG OMVV.VI : JP Morgan raises to overweight from neutral * Saab AB SAAB
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