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Airlines lift Europe as oil provides drag

LIVE MARKETS-Airlines lift Europe as oil provides drag 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 AIRLINES LIFT EUROPE AS OIL PROVIDES DRAG The STOXX 600 .STOXX is kicking off the week up 0.4%, buoyed by soaring chemicals and airline stocks, while oil shares drag.
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Adidas slides despite third 2024 outlook hike amid downbeat market

BUZZ-Adidas slides despite third 2024 outlook hike amid downbeat market ** Shares in Adidas ADSGn.DE fall 3.7% as markets suffer a hit from a gloomy outlook by Europe's biggest tech firm ASML ASML.AS and disappointing LVMH LVMH.PA results ** The German sportswear company on Tuesday raised its full-year sales and profit guidance, citing better than expected Q3 performance and good brand momentum, which should have supported the shares, according to analysts ** Equities are dragged in part by a fa
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Aluminium nears two-week low as energy prices drop

METALS-Aluminium nears two-week low as energy prices drop Recasts on aluminium and updates prices By Julian Luk London Oct 8 (Reuters) - Aluminium prices fell close to two-week lows as energy prices fell on the back of plunging oil benchmarks while industrial metals overall came under pressure from worries about demand in top consumer China. Three-month aluminium CMCU3 on the London Metal Exchange (LME) touched $2,564.50 a metric ton for its lowest since Sept.
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As Nike struggles, Adidas must surf Samba wave with caution

ANALYSIS-As Nike struggles, Adidas must surf Samba wave with caution Adidas' Samba and Gazelle sneakers boost sales but trend may not last Adidas introduces new colorways and models to maintain consumer interest Adidas has won market share in Europe as Nike struggled Nike withdrew annual revenue target this month By Helen Reid LONDON, Oct 8 (Reuters) - Nike's NKE.N ongoing struggles are giving Adidas ADSG.DE a chance to keep taking market share from its larger U.S.
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Frankfurt-listed Nike shares drop on forecast withdrawal; Adidas up

BUZZ-Frankfurt-listed Nike shares drop on forecast withdrawal; Adidas up ** Nike's Frankfurt-listed shares NKE.F fall 5.7%, while Adidas ADSGn.DE rises 2%, after the U.S.-based sportswear giant withdrew its annual revenue forecast on Tuesday ** Given Nike's comments that many of its challenges are company-specific and its acknowledgement that this is causing weakness vs.
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Nike to post steepest sales drop since COVID, analysts expect target reset

PREVIEW-Nike to post steepest sales drop since COVID, analysts expect target reset By Ananya Mariam Rajesh and Nicholas P. Brown Sept 30 (Reuters) - Investors and analysts expect Nike NKE.N to lower annual forecasts on Tuesday when it posts quarterly results, the company's first earnings report since announcing a new CEO earlier this month. Elliott Hill, who spent 32 years at the sportswear giant before retiring in 2020, will return as top boss starting Oct.
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Puma appoints Markus Neubrand as new CFO, shares rise

UPDATE 1-Puma appoints Markus Neubrand as new CFO, shares rise Recasts lede, updates share move, adds analyst comment Sept 26 (Reuters) - Shares in Puma PUMG.DE rose almost 4 % on Thursday after the German sportswear maker appointed Markus Neubrand as its new chief financial officer and a member of the Management Board effective Oct. 1. "Apparently the market gives advance praise", said Alexander Zienkowicz, an analyst from mwb research AG.
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Puma appoints Markus Neubrand as new CFO, shares rise

Puma appoints Markus Neubrand as new CFO, shares rise Sept 26 (Reuters) - German sportswear makers Puma PUMG.DE appointed on Thursday Markus Neubrand as its new Chief Financial Officer and a member of the Management Board effective from Oct. 1, the company said in a statement. The contract of current CFO Hubert Hinterseher, who was in the office since June 2021 , will end by mutual agreement on Dec.
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Brooks sues Puma in running-shoe patent dispute

Brooks sues Puma in running-shoe patent dispute By Blake Brittain Sept 24 (Reuters) - Berkshire Hathaway's BRKa.N Brooks Sports sued German shoemaker Puma PUMG.DE in Virginia federal court on Tuesday in the latest salvo in an ongoing intellectual property dispute between the rivals. Brooks said in its lawsuit that Puma had threatened to sue it for infringing a patent covering a type of ridged shoe sole, and asked the court to determine that its Glycerin running shoes do not violate Puma's rights
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Nike's tumultuous years under outgoing CEO Donahoe

TIMELINE-Nike's tumultuous years under outgoing CEO Donahoe Adds Donahoe's retirement Sept 19 (Reuters) - Sportswear giant Nike NKE.N on Thursday named former senior executive Elliott Hill to succeed John Donahoe as its president and CEO, effective Oct. 14. The company has lost about a quarter of its stock market value this year and is down more than 21% since Donahoe joined as the top executive in 2020. Shares of rivals Adidas ADSGn.DE , Hoka owner Deckers DECK.N and On Holding ONON.N have rise
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Khadim India shares up on tie up with Puma distributor

BUZZ-Khadim India shares up on tie up with Puma distributor ** Shares of Khadim India KHAD.NS rise as much as 6.9% to 393.9 rupees ** Co forms tie-up with Underlinen Fashion House, Puma's PUMG.DE exclusive licensee and master distributor in India ** Collaboration to sell Puma items in co's Indian retail outlets ** KHAD eyes second consecutive sessi
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Nike shareholders vote against proposal on workers' rights

UPDATE 1-Nike shareholders vote against proposal on workers' rights Adds background on the shareholder proposal By Ananya Mariam Rajesh and Nicholas P. Brown Sept 10 (Reuters) - Nike NKE.N shareholders have voted against a proposal to consider joining binding agreements with supply chain workers to better address human rights issues in high-risk countries at its annual meeting, the company said on Tuesday.
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Key events at Nike under CEO John Donahoe

TIMELINE-Key events at Nike under CEO John Donahoe Sept 10 (Reuters) - Nike NKE.N will hold its annual meeting virtually on Tuesday and a key issue to be voted on will be a workers' rights agreement, putting the spotlight on its CEO John Donahoe who is under pressure to reverse a long sales slump at the sportswear giant. Nike has lost about a quarter of its stock-market value this year.
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Adidas falls as Barclays downgrades stock on China hurdles, US volatility

BUZZ-Adidas falls as Barclays downgrades stock on China hurdles, US volatility ** Shares in Adidas ADSGn.DE fall 3% after Barclays downgrades the sports apparel maker on increased competition and slower economic growth in China, volatile U.S. sporting goods market and the stock's strong valuation ** The broker cuts Adidas to "equal-weight" from "ov
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Investor pressure on Nike builds over garment workers' rights

Investor pressure on Nike builds over garment workers' rights Norway fund backs proposals on workers' rights, climate targets Another supply chain proposal got 11.7% of votes last year Investors frustrated with Nike over allegations of unpaid wages By Helen Reid, Nicholas P. Brown and Simon Jessop LONDON/NEW YORK, Sept 5 (Reuters) - Investor pressure on Nike NKE.N is building ahead of Tuesday's annual shareholder meeting, with Norway's sovereign wealth fund pledging to back a resolution demandin
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Norway wealth fund supports Nike shareholder proposal on workers' rights

UPDATE 3-Norway wealth fund supports Nike shareholder proposal on workers' rights Norway fund backs proposal for binding agreements with workers Nike's 9th biggest investor also backs climate targets proposal Fund opposes Nike executive pay for 5th year in a row Adds context on sliding sales, paragraph 5, opposition to executive pay, paragraph 10 By Helen Reid and Louise Rasmussen COPENHAGEN/LONDON, Sept 5 (Reuters) - Norway's wealth fund will back a proposal demanding Nike NKE.N consider whethe
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Sporting goods retailer Decathlon to invest $111 mln in India expansion plan

Sporting goods retailer Decathlon to invest $111 mln in India expansion plan BENGALURU, Aug 21 (Reuters) - French sporting goods retailer Decathlon said on Wednesday that it will invest 100 million euros ($111 million) in India over the next five years to expand its store count and manufacturing in what is one of its key markets. The retailer, which entered India in 2009, sells a host of sports accessories ranging from footballs and yoga mats to bicycles and exercise equipment, cashing in on the
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Adyen NV, Beazley, Nel ASA

EUROPE RESEARCH ROUNDUP-Adyen NV, Beazley, Nel ASA Aug 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adyen NV, Beazley and Nel ASA, on Friday. HIGHLIGHTS * Adyen NV ADYEN.AS : TD Cowen raises target price to EUR 1,620 from EUR 1,618 * Beazley BEZG.L : HSBC raises target price to 780p from 665p * Diageo DGE.L : HSBC cuts target price to 3,000p from 3,300p * Nel ASA NEL.OL : Berenberg cuts to hold from buy * ThyssenKrupp Nucera
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Baader ups Puma to 'buy' on soft valuation after outlook cut knocks shares

BUZZ-Baader ups Puma to 'buy' on soft valuation after outlook cut knocks shares ** Shares in Puma PUMG.DE rise 3% after Baader Helvea upgrades the German sportswear maker to "buy" from "add", citing a "highly attractive" opportunity/risk profile after the shares tumbled following Wednesday's outlook cut ** The shares dropped nearly 16% between Wedn
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AstraZeneca, Beazley, Puma

EUROPE RESEARCH ROUNDUP-AstraZeneca, Beazley, Puma Aug 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AstraZeneca, Beazley and Puma on Monday. HIGHLIGHTS * AstraZeneca AZN.L : TD Cowen raises target price to 14,860p from 13,945p * Beazley BEZG.L : Jefferies raises target price to 1,020p from 975p * Puma SE PUMG.DE : Baader Helvea raises to buy from add * Quilter Plc QLT.L : Berenberg raises target price to 135p from 105p * WPP
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