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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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UK's Frasers buys 'significant' stake in fashion retailer Hudson Malta

UPDATE 1-UK's Frasers buys 'significant' stake in fashion retailer Hudson Malta Adds details on deal and background throughout Oct 15 (Reuters) - British sportswear and apparel retailer Frasers FRAS.L said on Tuesday it has bought a "significant" non-controlling stake in Africa-focused sport and fashion retailer and distributor Hudson Malta. The financial terms of the stake purchase were not disclosed, but Frasers said the agreement allows it to potentially acquire a controlling interest in Huds
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Wall Street Journal - Oct 11

PRESS DIGEST-Wall Street Journal - Oct 11 Oct 11 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - China-owned social-media platform TikTok is laying off employees as part of a revamp of its content-moderation operations. It plans to invest $2 billion globally in trust and safety initiatives in 2024, aiming to improve efficacy.
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U.S. STOCKS Pfizer, Delta Air Lines, Nike

BUZZ-U.S. STOCKS ON THE MOVE-Pfizer, Delta Air Lines, Nike 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 declined on Thursday as investors braced for a highly anticipated inflation report that is expected to provide clues on the likely course the central bank's policymakers will take for the remainder of the year.
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Nike up after Truist Securities upgrades to 'buy', hikes PT

BUZZ-Nike up after Truist Securities upgrades to 'buy', hikes PT ** Shares of sportswear giant Nike NKE.N rise about ~1% at $83.57 premarket ** Brokerage Truist Securities upgrades to "buy" from "hold", citing near-term benefits from investments and improving wholesale relationships ** Raises PT to $97 from $83, says new leadership and Nike's brand
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