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Dutch chemicals firm dsm-firmenich ups 2024 profit forecast on higher vitamin prices

UPDATE 3-Dutch chemicals firm dsm-firmenich ups 2024 profit forecast on higher vitamin prices Adds broker quote in paragraph 5, CFO quote paragraph 7, results details paragraph 6 By Dimitri Rhodes Oct 31 (Reuters) - Dutch chemicals maker dsm-firmenich DSFIR.AS raised its annual adjusted core profit forecast on Thursday, citing a vitamin supply disruption that has increased prices, bringing a temporary earnings contribution in the fourth quarter.
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Prada's third quarter revenues rise 18%, Miu Miu sales double

UPDATE 1-Prada's third quarter revenues rise 18%, Miu Miu sales double Asia Pacific sales rose 12% despite Chinese demand concerns Miu Miu sales now contribute one quarter of total retail sales CEO sees potential to increase prices of some products Adds details and CEO comments about Asia in paragraph 2-5, about Miu Miu in paragraph 7-8, about price in paragraph 11-12 MILAN, Oct 30 (Reuters) - Third-quarter net revenues for Prada 1913.F rose 17.7% at constant exchange rates, driven by double-dig
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Prada's third quarter revenues up 17.7%, Miu Miu sales double

Prada's third quarter revenues up 17.7%, Miu Miu sales double MILAN, Oct 30 (Reuters) - Third-quarter net revenues for Prada 1913.F rose 17.7% at constant exchange rates, driven by double-digit retail sales growth in Asia and Europe and by the doubling of sales at the smaller Miu Miu brand, the Italian luxury group said on Wednesday. The main brand Prada reported a 1.7% increase in retail sales in the period, slowing down compared to the previous quarter.
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STOXX 600 hits one-month low as bleak earnings weigh, tech stocks slump

UPDATE 2-STOXX 600 hits one-month low as bleak earnings weigh, tech stocks slump For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Europe's blue chips dragged by Melexis, Qorvo, AMD's downbeat updates Hazy capital outlook weighs on UBS shares ASMI jumps as guidance hike, Q3 beat suggest no slowdown Euro zone economy grows quicker than expected, but outlook remains weak Updates with closing levels By Ankika Biswas and Pranav Kashyap Oct 30
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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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Sales at Moncler slip 3% in third quarter as demand weakens globally

UPDATE 2-Sales at Moncler slip 3% in third quarter as demand weakens globally Adds comment on China's Golden Week in paragraph 3; LVMH's investment in 6-7 MILAN, Oct 29 (Reuters) - Revenues at Italian luxury outerwear maker Moncler MONC.MI fell 3% at constant exchange rates in the third quarter, slightly more than analysts had anticipated, with weakness spread across all its main markets.
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Sales at Moncler slip 3% in third quarter as global demand weakens

Sales at Moncler slip 3% in third quarter as global demand weakens MILAN, Oct 29 (Reuters) - Revenues at Italian luxury outwear maker Moncler MONC.MI fell 3% at constant exchange rates in the third quarter, slightly more than analysts had anticipated, with weakness spread across all its main markets. Luxury groups have been struggling with weaker consumer spending in recent quarters, especially in China.
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Philips’ China misery renews case for bold surgery

BREAKINGVIEWS-Philips’ China misery renews case for bold surgery The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Jennifer Johnson LONDON, Oct 28 (Reuters Breakingviews) - Koninklijke Philips’ PHG.AS Chinese problems may accelerate a breakup. The 23 billion euro Dutch medical group’s shares fell as much as 17% on Monday after it said sales may barely grow this year.
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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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US court blocks Tapestry's $8.5 billion acquisition of rival Capri

UPDATE 3-US court blocks Tapestry's $8.5 billion acquisition of rival Capri Adds detail from the ruling in paragraphs 4-5 and 13, comment from Tapestry in paragraphs 6-7 FTC argued merger would eliminate competition, raise prices Capri shares plunge 47%, Tapestry shares rise 13% after ruling Judge Rochon said harm to competition outweighs benefits By Siddharth Cavale NEW YORK, Oct 24 (Reuters) - A U.S.
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US court blocks Tapestry's $8.5 billion acquisition of rival Capri

US court blocks Tapestry's $8.5 billion acquisition of rival Capri NEW YORK, Oct 24 (Reuters) - A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry TPR.N and Capri CPRI.N on Thurs day , a victory for the U.S. Federal Trade Commission in an industry where merger challenges are rare. The FTC argued at an eight-day trial in New York that the merger would eliminate fierce head-to-head competition between the top two U.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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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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Kering shares up despite warning on the 2024 operating profit

Kering shares up despite warning on the 2024 operating profit PARIS, Oct 24 (Reuters) - Shares in Kering PRTP.PA were in positive territory Thursday despite the French luxury goods saying on Wednesday its 2024 operating income would almost halve to its lowest in years due to weak demand in China. Kering shares were up 0.3% in early session trading.
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Europe before the bell: Tesla and other earnings for breakfast

LIVE MARKETS-Europe before the bell: Tesla and other earnings for breakfast 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 BEFORE THE BELL: TESLA AND OTHER EARNINGS FOR BREAKFAST European shares were set for a minor gains at the open on Thursday on very busy day for earnings, as a strong sales forecast from Tesla TSLA.O that sent its shares rallying offset uncertainty ove
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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 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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Symrise sees 7% annual organic sales growth on boost from fragrance, taste segments

UPDATE 2-Symrise sees 7% annual organic sales growth on boost from fragrance, taste segments Recasts paragraph 1, adds CEO and analyst quotes in paragraphs 3, 5, 10, adds share moves in paragraph 6, comments on pet food segment and peer's performance in paragraphs 13-14 By Matteo Allievi Oct 24 (Reuters) - Germany's Symrise SY1G.DE forecast an annual organic sales growth of 7% on Thursday, encouraged by a strong momentum in its fragrance and taste segments, although it expects growth to be likel
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