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Hermes


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Temu considers joining European anti-counterfeit group

UPDATE 1-Temu considers joining European anti-counterfeit group Adds Temu comment in paragraph 4, updates user numbers in 11, adds European Commission investigation in 6 By Helen Reid LONDON, Oct 31 (Reuters) - Chinese online retailer Temu is considering joining a group of ecommerce platforms and brands that collaborate to prevent the sale of fake products online in Europe, according to a meeting agenda seen by Reuters.
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Estee Lauder pulls annual forecasts on uneven China recovery, new CEO

UPDATE 6-Estee Lauder pulls annual forecasts on uneven China recovery, new CEO Company does not expect China stimulus boost in Q2 Cuts quarterly dividend by nearly half Sees Q2 EPS of 20-35 cents vs. est of $1.06 Shares set for worst day on record, last down 19% Adds CEO comment in paragraph 5 By Ananya Mariam Rajesh Oct 31 (Reuters) - Estee Lauder EL.N shares slumped as much as 27% on Thursday, after it pulled its annual sales and profit forecasts and cut its dividend as it faces an uncertain o
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Temu considers joining European anti-counterfeit group

Temu considers joining European anti-counterfeit group By Helen Reid LONDON, Oct 31 (Reuters) - Chinese online retailer Temu is considering joining a group of ecommerce platforms and brands that collaborate to prevent the sale of fake products online in Europe, according to a meeting agenda seen by Reuters. The "Memorandum of Understanding (MoU) on the sale of counterfeit goods on the internet" is a voluntary agreement facilitated by the European Commission, and signatories include online retail
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Berenberg picks Brunello Cucinelli, Hermès and LVHM in luxury sector initiation

BUZZ-Berenberg picks Brunello Cucinelli, Hermès and LVHM in luxury sector initiation ** Berenberg starts coverage of seven European luxury goods companies, saying it favours "buy"-rated absolute and soft luxury firms Brunello Cucinelli, Hermès and LVMH, while advocating a "defensive stance" ** With the market growth set to moderate, market share
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Clariant, M6, Ucb

EUROPE RESEARCH ROUNDUP-Clariant, M6, Ucb Oct 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Clariant, M6, and Ucb, on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : Deutsche Bank raises target price to EUR 275 from EUR 270 * Clariant AG CLN.S : JP Morgan cuts target price to CHF 14 from CHF 15 * M6 MMTP.PA : JP Morgan cuts target price to EUR 13.1 from EUR 13.7 * Nel ASA NEL.OL : Morgan Stanley cuts to underweight from equal wei
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Glencore, Knaus Tabbert, LSE

EUROPE RESEARCH ROUNDUP- Glencore, Knaus Tabbert, LSE Oct 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Glencore, Knaus Tabbert and LSE, on Monday. HIGHLIGHTS * Glencore Plc GLEN.L : HSBC raises to buy from hold * Knaus Tabbert AG KTAG.DE : Jefferies cuts to hold from buy * LSE LSEG.L : RBC raises target price to 11,600p from 11,000p * Suzano SUZB3.SA : HSBC raises to buy from hold * Veolia VIE.PA : RBC initiates coverage with
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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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Global shares edge higher, US yields fall as strong earnings allay election worries

GLOBAL MARKETS-Global shares edge higher, US yields fall as strong earnings allay election worries S&P 500 and Nasdaq finish higher Crude prices settle lower Sentiment helped by earnings reports Benchmark 10-year US yields retreat Dollar slips, gold rises Updates prices with U.S. market close, adds new analyst quote and oil and gold settlement By Chibuike Oguh NEW YORK, Oct 24 (Reuters) - Global shares edged higher in choppy trading on Thursday, snapping three straight sessions of losses, while
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Global shares flat, US yields fall as strong earnings allay election worries

GLOBAL MARKETS-Global shares flat, US yields fall as strong earnings allay election worries S&P 500 and Nasdaq trade higher European shares gain Sentiment helped by earnings reports Benchmark 10-year US yields retreat Dollar slips, gold rises Updates prices throughout, recasts first paragraph, adds background in paragraphs 9-16 By Chibuike Oguh NEW YORK, Oct 24 (Reuters) - Global shares were flat in choppy trading on Thursday, while U.S.
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Global shares rise, US yields fall as strong earnings allay election worries

GLOBAL MARKETS-Global shares rise, US yields fall as strong earnings allay election worries S&P 500 and Nasdaq trade higher European shares gain Sentiment helped by earnings reports Benchmark 10-year U.S. yields retreats Updates prices By Chibuike Oguh NEW YORK, Oct 24 (Reuters) - Global shares rose on Thursday, on track to snap three straight sessions of losses, while U.S.
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Stocks and US futures rebound as dollar slips

GLOBAL MARKETS-Stocks and US futures rebound as dollar slips European shares and U.S. futures rise Sentiment helped by earnings reports Dollar slips after hitting three-month high Updates prices at 1110 GMT By Harry Robertson and Stella Qiu LONDON/SYDNEY, Oct 24 (Reuters) - European shares and U.S. stock futures rallied on Thursday after equity markets suffered a sell-off the previous day, while the dollar slipped as the euro, yen and pound perked up.
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European stocks and U.S. futures rebound as dollar slips

GLOBAL MARKETS-European stocks and U.S. futures rebound as dollar slips European shares and U.S. futures rise Sentiment helped by earnings reports Dollar slips after hitting three-month high Updates at 0915 GMT By Harry Robertson and Stella Qiu LONDON/SYDNEY, Oct 24 (Reuters) - European shares and U.S. stock futures rallied on Thursday after equity markets suffered a sell-off the previous day, while the dollar slipped as the euro, yen and pound perked up.
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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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Kering shares up, shrugging off 2024 operating profit warning

UPDATE 1-Kering shares up, shrugging off 2024 operating profit warning Adds comment, detail, refreshes share price at 0729 GMT PARIS, Oct 24 (Reuters) - Shares in Gucci-owner Kering PRTP.PA rose on Thursday, shrugging off the French luxury goods company's warning that 2024 operating income would almost halve to its lowest in years due to weak demand in China.
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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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Hermes jumps as it resiliently 'plows through' Q3

BUZZ-Hermes jumps as it resiliently 'plows through' Q3 ** Shares in Birkin bag maker Hermes HRMS.PA rise about 3% as it remained resilient to difficult macroeconomic conditions and reported in-line Q3 sales ** Hermes Q3 sales rise 11.3% at constant exchange rates, in line with 11.2% consensus cited by Jefferies, to 3.70 billion euros ($3.99 billion) ** Hermes "continues to show best in class status", a trader says ** "This is a sequential slowdown, driven by the growing volatility among Chinese
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Hermes continues to outshine rivals with Q3 sales up 11.3%

UPDATE 1-Hermes continues to outshine rivals with Q3 sales up 11.3% Adds China, analyst, quotes, in paragraphs 3,4, 8-11 By Mimosa Spencer PARIS, Oct 24 (Reuters) - Birkin bag maker Hermes HRMS.PA reported on Thursday a hefty rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury handbags lure wealthy shoppers.
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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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Hermes CFO Says Extra Tax In France Could Total Around EUR 300 Million Next Year

BRIEF-Hermes CFO Says Extra Tax In France Could Total Around EUR 300 Million Next Year Oct 24 (Reuters) - Hermes International SCA HRMS.PA Executive Vice-President Finance, Eric du Halgouet says: NO INTERRUPTION IN TRENDS IN CHINA OVER Q3 HAS NOT RAISED PRICES FURTHER EXTRA TAX IN FRANCE COULD TOTAL AROUND EUR 300 MILLION NEXT YEAR ADDING HAUTE COU
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Hermes Q3 sales up 11.3%, continues to outshine rivals

Hermes Q3 sales up 11.3%, continues to outshine rivals By Mimosa Spencer PARIS, Oct 24 (Reuters) - Birkin bag maker Hermes HRMS.PA reported on Thursday an 11.3% rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury handbags lure wealthy shoppers. The French luxury company generated 3.7 billion euros ($3.99 billion) in revenue for the three months ending in September, an 11.3% rise at constant exchange rates.
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