Europe's Big Luxury stocks head into a bear market MILAN, Sept 26 (Reuters) - A gauge of top European luxury goods stocks fell as much as 20.05% from its record peak in May on Tuesday, a drop that would confirm the index is technically in bear-market territory. The STOXX Europe Luxury 10 .STXLUXP index, which tracks 10 luxury companies including heavyweights LVMH LVMH.PA and Kering PRTP.PA in Paris and Zurich-listed Richemont CFR.S was down around 1.6% on the day, having earlier fallen 2.2% to l
BUZZ-MS still selective on luxury names as demand cools off ** Morgan Stanley remains selective on the luxury sector as it cuts its Q3 and Q4 organic growth estimates for most companies, expecting demand to wane ** The broker notes demand from some key markets worsened in H1 2023, while spending from China has weakened over the summer ** "We expect
UPDATE 1-European shares slide as firm yields weigh, China woes persist For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window China-exposed luxury stocks weigh Carmat hits all-time low on warning it could run out of cash ASOS sees profit at lower end of guidance as turnaround stutters STOXX 600 down 0.5%, tech stocks fall 1.1% Updated at 0814 GMT By Bansari Mayur Kamdar Sept 26 (Reuters) - European shares extended losses on Tuesday as elevated
EUROPE RESEARCH ROUNDUP-Balder, Britvic, Klarabo Sept 26 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Balder, Britvic and Klarabo, on Tuesday. HIGHLIGHTS * Balder BALDb.ST : Handelsbanken cuts to underperform from market perform * Britvic Plc BVIC.L : Peel Hunt raises to buy from hold * Heba Fastighets HEBAb.ST : Handelsbanken cuts to underperform from market perform * Klarabo KLARAb.ST : Handelsbanken raises to outperform from
Deals of the day-Mergers and acquisitions Adds Toyo Construction, Coronado Global Resources, Zeus Company Inc Sept 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: * * Zeus Company Inc, a family-owned manufacturer of components used primarily in medical equipment and devices, is exploring options including a sale that could value the company at $4 billion or more, including debt, people familiar with the matter said.
