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European tech, luxury stocks tumble as ASML, LVMH results disappoint

UPDATE 1-European tech, luxury stocks tumble as ASML, LVMH results disappoint For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window France's CAC 40 underperforms peers on luxury drag Energy stocks outperform Adidas drops amid broader selloff despite third 2024 outlook Stellantis drops after Q3 shipments caution Updated at 0820 GMT By Paolo Laudani and Ankika Biswas Oct 16 (Reuters) - Europe's tech and luxury stocks slumped on Wednesday after d
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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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Mixed bag in Europe as earnings sour mood

LIVE MARKETS-Mixed bag in Europe as earnings sour mood 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 MIXED BAG IN EUROPE AS EARNINGS SOUR MOOD European stocks are heading for a soft start to Wednesday, as some major earnings in chips and luxury sour the mood, with EuroSTOXX50 STXEc1 futures off 0.8% and DAX futures FDXc1 ticking 0.2% lower.
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Adidas AG, Covivio SA, L'Oreal

EUROPE RESEARCH ROUNDUP-Adidas AG, Covivio SA, L'Oreal Oct 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Adidas AG, Covivio SA and L'Oreal, on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : RBC raises target price to EUR 265 from EUR 260 * Covivio SA CVO.PA : JP Morgan raises to overweight from neutral * L'Oreal OREP.PA : JP Morgan cuts to underweight from neutral * OCI NV OCI.AS : JP Morgan cuts to neutral from overweight * Wizz
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Adidas raises 2024 guidance again, citing good brand momentum

UPDATE 2-Adidas raises 2024 guidance again, citing good brand momentum Adidas now sees sales growing 10% this year Profit forecast to hit 1.2 bln euros Third-quarter sales up 7% to 6.438 bln euros Adds details on turnaround in paragraph 2, context on Nike in paragraph 5, Yeezy sales in paragraphs 6-8 By Helen Reid Oct 15 (Reuters) - Adidas ADSGn.DE on Tuesday raised its full-year sales and profit guidance, citing better than expected performance in the third quarter and good brand momentum as it
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Adidas raises 2024 guidance for third time this year

Adidas raises 2024 guidance for third time this year Oct 15 (Reuters) - Adidas ADSGn.DE on Tuesday raised its full-year guidance for the third time this year. Reporting by Isabel Demetz and Tristan Veyet in Gdansk Editing by Tomasz Janowski
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Adidas Q3 Revenues Up 7% To EUR 6.438 Bln

BRIEF-Adidas Q3 Revenues Up 7% To EUR 6.438 Bln Oct 15 (Reuters) - ADIDAS AG ADSGn.DE : ADIDAS REPORTS BETTER-THAN-EXPECTED THIRD QUARTER RESULTS AND INCREASES ITS FULL-YEAR GUIDANCE Q3 CURRENCY-NEUTRAL REVENUES INCREASED 10% VERSUS PRIOR YEAR Q3 IN EURO TERMS, COMPANY'S REVENUES GREW 7% TO EUR 6.438 BILLION (2023: EUR 5.999 BILLION) Q3 EXCLUDING Y
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Bunzl, Equinor ASA, L'Oreal

EUROPE RESEARCH ROUNDUP-Bunzl, Equinor ASA, L'Oreal Oct 14 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bunzl, Equinor ASA and L'Oreal, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : UBS raises target price to EUR 279 from EUR 275 * Bunzl BNZL.L : JP Morgan raises to overweight from neutral * Equinor ASA EQNR.OL : Morgan Stanley raises to equal weight from underweight * L'Oreal OREP.PA : Citigroup cuts target price to EUR 420 from
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India's Active Clothing jumps on manufacturing deal with Adidas India Marketing

BUZZ-India's Active Clothing jumps on manufacturing deal with Adidas India Marketing ** Shares of Active Clothing Co ACTI.BO rise 11.1% to 106.98 rupees ** Apparels maker enters into manufacturing agreement with Adidas India Marketing to broaden customer base ** ACTI eyes fourth straight session of gains ** Busiest session for the stock in over a m
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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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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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European PE firm Altor to buy majority stake in Canada's iconic CCM Hockey

European PE firm Altor to buy majority stake in Canada's iconic CCM Hockey Oct 2 (Reuters) - Private equity firm Altor said on Wednesday it has agreed to buy a majority stake in Canada's iconic 125-year-old brand CCM Hockey, which specializes in manufacturing sports equipment and apparel. Private equity firms are increasingly looking towards the booming sports sector, where companies partner with popular leagues that attract large crowds and foster a loyal customer base.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: British Land, Zayo Group, Fennemore Craig, Altor Oct 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1950 GMT on Wednesday: ** Property firm British Land Co Plc BLND.L said on Wednesday it has acquired a portfolio of seven retail parks from Brookfield Asset Management BAM.TO for 441 million pounds ($585.34 million), increasing its position in the retail park market.
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U.S. STOCKS Comstock, Nikola, EQT

BUZZ-U.S. STOCKS ON THE MOVE-Comstock, Nikola, EQT Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures dipped on Wednesday aftergeopolitical tensions in the Middle East and a domestic port strike made investors wary ahead of labor data expected to shed light on the health of the economy and the monetary policy path.
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U.S. STOCKS RTX, Antero Resources, oil stocks

BUZZ-U.S. STOCKS ON THE MOVE-RTX, Antero Resources, oil stocks Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures slipped on Wednesday as geopolitical tensions in the Middle East and a domestic port strike kept investors on edge ahead of data expected to shed light on the health of the economy and the monetary policy trajectory.
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Nike shares drop as investors fret over murky turnaround timeline

UPDATE 4-Nike shares drop as investors fret over murky turnaround timeline Adds graphic, website traffic data in paragraph 10 and updates shares in paragraphs 1 and 15 By Ananya Mariam Rajesh Oct 2 (Reuters) - Nike NKE.N shares closed nearly 7% lower on Wednesday after the sportswear giant withdrew its annual revenue target, leaving investors guessing on the timeline for a turnaround under incoming CEO Elliott Hill.
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Nike shares dip as forecast withdrawal worries investors about turnaround timeline

Nike shares dip as forecast withdrawal worries investors about turnaround timeline Oct 2 (Reuters) - Nike NKE.N shares dropped about 6% in premarket trading on Wednesday after the company withdrew its annual revenue target, keeping investors guessing on the timeline for a turnaround at the sportswear giant under incoming CEO Elliott Hill. The company on Tuesday also postponed its investor day that was scheduled for Nov.
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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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UK's JD Sports shrugs off Nike woes with multi-brand approach

UPDATE 3-UK's JD Sports shrugs off Nike woes with multi-brand approach HY profit 406 mln stg, ahead of consensus Reiterates FY profit guidance Shares fall 3% amid Nike worries Adds detail on Nike throughout, CEO comment in paragraph 8, analyst comment in 5 By Sarah Young LONDON, Oct 2 (Reuters) - British sportswear retailer JD Sports Fashion JD.L is confident it will meet annual profit forecasts after its multi-brand strategy boosted half-year results even as Nike, which accounts for 45% of its
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Adidas, Harbour Energy, LSE

EUROPE RESEARCH ROUNDUP-Adidas, Harbour Energy, LSE Sept 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adidas, Harbour Energy and LSE, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : Baird raises target price to EUR 260 from EUR 255 * Diploma Plc DPLM.L : Peel Hunt raises PT to 5,100p from 3,600p * Harbour Energy Plc HBR.L : Jefferies cuts target price to 360p from 400p * LSE LSEG.L : JP Morgan raises target price to 11,600p from
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