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Luxury brands feel the sting as Chinese growth slows

ANALYSIS-Luxury brands feel the sting as Chinese growth slows By Mimosa Spencer PARIS, July 17 (Reuters) - The prolonged downturn in luxury spending in China is unlikely to reverse this year, analysts and executives warn, deepening a rout which has wiped almost $200 billion off the sector's value in recent months. Profit warnings from Burberry BRBY.L and Hugo Boss and a 27% drop in quarterly sales in China, Macau and Hong Kong from Richemont CFR.S this week have reinforced concerns about weaknes
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Motor racing-Haas F1 to continue with Ferrari engines until 2028

Motor racing-Haas F1 to continue with Ferrari engines until 2028 July 16 (Reuters) - Haas will continue to use Ferrari engines until the end of the 2028 Formula One season, the American-owned team said on Tuesday. The team recently announced the signing of Ferrari reserve Oliver Bearman as one of their drivers for 2025. Haas have used Ferrari engines since they came into the sport in 2016 in close collaboration with the Italian constructor.
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European stocks are seeing outsized moves as hedge funds drive trading

RPT-INSIGHT-European stocks are seeing outsized moves as hedge funds drive trading Repeats the story published July 15 with a digital headline European stocks seeing outsized moves - data, investors Hedge funds, changed market structure seen as behind trend Share moves have less to do with company fundamentals - sources By Nell Mackenzie, Dhara Ranasinghe, Samuel Indyk July 15 (Reuters) - European companies are seeing outsized gains and losses in their shares when they report earnings, a Reuters
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European stocks are seeing outsized moves as hedge funds drive trading

INSIGHT-European stocks are seeing outsized moves as hedge funds drive trading European stocks seeing outsized moves - data, investors Hedge funds, changed market structure seen as behind trend Share moves have less to do with company fundamentals - sources By Nell Mackenzie, Dhara Ranasinghe and Samuel Indyk July 15 (Reuters) - European companies are seeing outsized gains and losses in their shares when they report earnings, a Reuters analysis shows, a trend that has more to do with the growing
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Jaguar Land Rover to use Pirelli's natural rubber tyres in sustainability push

Jaguar Land Rover to use Pirelli's natural rubber tyres in sustainability push July 11 (Reuters) - British automaker Jaguar Land Rover (JLR) will use natural rubber tyres made by Italian tyre manufacturer Pirelli PIRC.MI for its entire range of luxury vehicles amid a push towards sustainability in the motor world. The Forest Stewardship Council (FSC) certified natural rubber tyres will be first seen on JLR's new Range Rover Electric, the Tata Motors TAMO.NS owned automaker said on Thursday.
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Motor racing-Cardile joins Aston Martin F1 team from Ferrari

Motor racing-Cardile joins Aston Martin F1 team from Ferrari LONDON, July 9 (Reuters) - Ferrari technical director Enrico Cardile will join Aston Martin next year as chief technical officer, the Silverstone-based Formula One team said on Tuesday, without giving a precise starting date. Ferrari had announced his departure on Monday, with Cardile likely to have an extended period of gardening leave.
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Alfa Laval, Ferrari NV, Swedbank

EUROPE RESEARCH ROUNDUP-Alfa Laval, Ferrari NV, Swedbank July 9 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alfa Laval, Ferrari NV and Swedbank, on Tuesday. HIGHLIGHTS * Alfa Laval ALFA.ST : JP Morgan raises target price to SEK 390 from SEK 385 * Ferrari NV RACE.MI : HSBC raises target price to EUR 385 from EUR 368 * Harworth Group Plc HWG.L : Peel Hunt raises target price to 195p from 165p * Moonpig Group MOONM.L : HSBC raises
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Motor racing-Ferrari technical director Cardile hands in notice

Motor racing-Ferrari technical director Cardile hands in notice July 8 (Reuters) - Ferrari Formula One chassis technical director Enrico Cardile has handed in his notice and is relinquishing his role with immediate effect, the Italian team said on Monday. Team principal Fred Vasseur will oversee the chassis area as an interim measure. Cardile has spent almost two decades at Ferrari, who are second in the championship after winning two of 12 races so far but in danger of being overhauled by resur
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Motor racing-Tearful Hamilton ends long wait with record British win

UPDATE 2-Motor racing-Tearful Hamilton ends long wait with record British win Hamilton takes first win since December 2021 Victory is the Mercedes driver's 104th Record ninth British win for Hamilton Verstappen close second, Norris third for McLaren Verstappen extends championship lead to 84 points Adds race details, reaction By Alan Baldwin SILVERSTONE, England, July 7 (Reuters) - Lewis Hamilton shed pent-up tears of joy after ending a 945-day wait for a win with a record ninth British Grand Pr
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Motor racing-Perez to start from the pitlane at Silverstone

Motor racing-Perez to start from the pitlane at Silverstone SILVERSTONE, England, July 7 (Reuters) - Sergio Perez will start Sunday's British Grand Prix from the pitlane as the last driver on track after Red Bull changed his car's engine and power unit elements. The Mexican is suffering a startling loss of form and qualified only 19th after spinning off in the first phase of Saturday's session .
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Motor racing-Russell takes pole in British 1-2-3 at Silverstone

UPDATE 2-Motor racing-Russell takes pole in British 1-2-3 at Silverstone Russell on pole in Mercedes front-row lockout with Hamilton Norris third on the grid for McLaren Verstappen qualifies fourth, team mate Perez 19th Ferrari's Leclerc only 11th Adds statistics, Red Bull quotes By Alan Baldwin SILVERSTONE, England, July 6 (Reuters) - George Russell led Lewis Hamilton in a Mercedes front-row lockout in qualifying for the British Grand Prix on Saturday with McLaren's Lando Norris completing a ra
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Motor racing-Russell leads British 1-2-3 in final practice for home race

Motor racing-Russell leads British 1-2-3 in final practice for home race SILVERSTONE, England, July 6 (Reuters) - George Russell, winner in Austria last weekend, led a Mercedes one-two with Lewis Hamilton in a wet final practice for the British Grand Prix on Saturday with a trio of home drivers on top of the timesheet. Russell produced a best time of one minute 37.529 seconds in cold conditions at Silverstone, 0.035 quicker than seven-times world champion Hamilton and 0.185 faster than McLaren's
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Motor racing-Ocon expects news soon on F1 future, not dependent on Sainz

Motor racing-Ocon expects news soon on F1 future, not dependent on Sainz SILVERSTONE, England, July 4 (Reuters) - French Formula One driver Esteban Ocon said on Thursday he hoped to have his future sorted before the sport's August break and he was not waiting for Ferrari's Carlos Sainz to decide where to race. Ocon's departure from Renault-owned Alpine has been announced already and he has been linked most strongly in media speculation to the U.S.-owned Haas team, but also Williams and Sauber.
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Motor racing-Bearman signs Haas F1 deal and recalls Hamilton message

UPDATE 1-Motor racing-Bearman signs Haas F1 deal and recalls Hamilton message Bearman signs multi-year deal with Haas Will be fourth British driver on the grid in 2025 Dream is to one day return to Ferrari Adds quotes By Alan Baldwin SILVERSTONE, England, July 4 (Reuters) - Oliver Bearman will be Britain's fourth Formula One driver on the starting grid next season after the teenager signed a multi-year deal with Haas in what he said was a dream come true.
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Motor racing-Bearman to race for Haas in 2025, four Britons on the F1 grid

Motor racing-Bearman to race for Haas in 2025, four Britons on the F1 grid By Alan Baldwin SILVERSTONE, England, July 4 (Reuters) - British teenager Oliver Bearman will race for Haas next season after signing a multi-year deal, the U.S.-owned Formula One team announced on Thursday ahead of his home Grand Prix at Silverstone. Bearman's arrival will give Britain four drivers on the starting grid, a fifth of the total.
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Ferrari launches battery replacement scheme to preserve performance, value of its cars

Ferrari launches battery replacement scheme to preserve performance, value of its cars MILAN, July 1 (Reuters) - Luxury sports car maker Ferrari RACE.MI on Monday announced two new warranty extension schemes allowing owners of its hybrid models to have the batteries of their vehicles replaced at given times. The move aims to help owners preserve the resale value of their Ferraris as batteries, which tend to lose efficiency over time, become central to the value of electrified cars .
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Ferrari Launches Two New Extended Warranty Programmes Dedicated To Plug-In Hybrid Models

BRIEF-Ferrari Launches Two New Extended Warranty Programmes Dedicated To Plug-In Hybrid Models July 1 (Reuters) - Ferrari NV RACE.MI : LAUNCHES TWO NEW EXTENDED WARRANTY PROGRAMMES SERVICES ARE DEDICATED TO FERRARI’S PLUG-IN HYBRID MODELS SERVICES CAN BE PURCHASED IN PACKAGES RENEWABLE FOR TWO TO FOUR YEARS, CAN BE ACTIVATED BY ANY DEALER IN OFFI
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Factors to watch on July 1

Factors to watch on July 1 The following factors could affect Italian markets on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Italy could seek an executive vice-presidency and the portfolio for industry and the internal market, including aerospace, in the next European Commission, Foreign Minister Antonio Tajani was quoted as saying by news
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Motor racing-Russell gifted Austrian win after Verstappen, Norris collide

UPDATE 2-Motor racing-Russell gifted Austrian win after Verstappen, Norris collide Verstappen extends overall lead despite finishing fifth Piastri second for McLaren, Ferrari's Sainz third Norris retires in the pits with damaged car Adds details June 30 (Reuters) - Mercedes' George Russell celebrated a surprise Austrian Grand Prix win on Sunday after Red Bull's triple world champion Max Verstappen and McLaren's Lando Norris collided late in the race while fighting for the lead.
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Motor racing-Verstappen takes 40th pole after Austrian sprint win

UPDATE 3-Motor racing-Verstappen takes 40th pole after Austrian sprint win Verstappen wins morning sprint and then takes pole for Sunday McLaren's Norris again on front row Piastri third fastest but demoted to seventh Russell moves up to third on the grid Adds stewards' decision on Hamilton in paragraphs 21-21 SPIELBERG, Austria, June 29 (Reuters) - Red Bull's triple world champion Max Verstappen followed up a Saturday sprint win with a statement pole position for Sunday's Austrian Grand Prix, w
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