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Spanish bus flips, gets wedged in tunnel entrance, injuring dozens

UPDATE 2-Spanish bus flips, gets wedged in tunnel entrance, injuring dozens Adds details, Inditex comment at paragraph 7 MADRID, July 16 (Reuters) - A bus carrying workers of the Inditex ITX.MC clothing company flipped over and got wedged in an almost vertical position at the entrance of a highway tunnel in northeastern Spain on Tuesday, injuring dozens of people, authorities said.
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Freak bus accident in Spain's Catalonia injures dozens

Freak bus accident in Spain's Catalonia injures dozens MADRID, July 16 (Reuters) - A bus carrying Inditex ITX.MC workers crashed on Tuesday and got stuck at the exit of a tunnel in an almost vertical position in Pineda de Mar, 75 miles from Barcelona, injuring dozens and leaving three people in critical condition, authorities said. The bus was travelling between Barcelona and Tordera in Spain's northeastern region of Catalonia where the owner of Zara fashion brand has a plant, Xavier Amor, mayor
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Safwat Kaliouby Group July 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1955 GMT on Tuesday: ** Egypt's Safwat Kaliouby Group (SKG) holding company and Emirati KSH Investment Company have signed a 24 billion Egyptian pound ($500 million) deal for a real estate project on the Nile in Cairo, Egyptian state news agency MENA reported.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Inditex, Fibra Macquarie, Michael Best & Friedrich July 9 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1 8 :00 GMT on Tuesday: ** French cybersecurity firm Exclusive Networks EXN.PA said it has received a non-binding buyout offer from a group of investors led by Clayton Dubilier & Rice (CD&R) and Permira for around 2.2 billion euros ($2.38 billion), confirming media reports.
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Inditex buys stake in U.S. sustainable agriculture startup Galy

UPDATE 1-Inditex buys stake in U.S. sustainable agriculture startup Galy Adds context and comments from Inditex CEO on some investors demands from paragraph 3 MADRID, July 9 (Reuters) - Zara owner Inditex ITX.MC has bought a stake in the U.S.-based sustainable agriculture startup Galy as part of its strategy to invest in the sustainable economy, its CEO, Oscar Garcia Maceiras, said on Tuesday.
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Inditex buys stake in U.S. sustainable agriculture startup Galy

Inditex buys stake in U.S. sustainable agriculture startup Galy MADRID, July 9 (Reuters) - Zara owner Inditex ITX.MC has bought a stake in the United States-based sustainable agriculture startup Galy as part of its strategy to plug money into the sustainable economy, its CEO, Oscar Garcia Maceiras, said on Tuesday. "Today, we are disclosing that we have entered the capital of Galy, a startup founded in 2019 in the U.S., which is developing an innovative process to produce cotton in laboratories
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Shein would lose all its shine in a Hong Kong IPO

BREAKINGVIEWS-Shein would lose all its shine in a Hong Kong IPO The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Refiles to add index codes. By Una Galani MUMBAI, July 2 (Reuters Breakingviews) - As geopolitics deteriorate, capital is becoming less global. For fast-fashion giant Shein, it means the destination for its initial public offering will make a big difference to its fortunes.
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H&M to offer more discounts as it battles to revive sales

H&M to offer more discounts as it battles to revive sales By Marie Mannes STOCKHOLM, June 27 (Reuters) - H&M HMb.ST plans to offer more discounted fashions in the second half of this year as it tries to win back customers from the likes of Zara owner Inditex ITX.MC and Shein. H&M has over the past year or so said it was prioritising profitability over sales volumes in order to reach a 10% operating margin goal, one it hopes to achieve this year.
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H&M slumps on doubts over margin target and June sale drop

UPDATE 7-H&M slumps on doubts over margin target and June sale drop Q2 operating profit 7.1 bln SEK vs forecast 7.4 bln Q2 net sales up 3% in local currencies Sees drop in June sales, partly due to poor weather Shares fall as much as 15% Adds more quotes, updates shares By Marie Mannes STOCKHOLM, June 27 (Reuters) - H&M HMb.ST cast doubt over its full-year profit margin target on Thursday after missing quarterly earnings forecasts and predicting a fall in June sales, sending shares in the world'
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Pull&Bear's Director And Member Of Inditex's Management Committee Steps Down

BRIEF-Pull&Bear's Director And Member Of Inditex's Management Committee Steps Down June 19 (Reuters) - Industria de Diseno Textil SA ITX.MC : JOSE PABLO DEL BADO RIVAS, DIRECTOR OF PULL&BEAR AND MEMBER OF INDITEX'S MANAGEMENT COMMITTEE, TO STEP DOWN LUCIAN DOROBANTU, CURRENT INTERNATIONAL DIRECTOR FOR NOTHERN EUROPE, APPOINTED AS NEW DIRECTOR OF PU
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Fast fashion retailer Shein hikes prices ahead of IPO

UPDATE 1-Fast fashion retailer Shein hikes prices ahead of IPO Average price of a dress on Shein jumps by 28% in U.S. Price hikes aimed at boosting revenue and profit Higher prices also driven by external brands like Skechers Adds embedded graphics within text By Helen Reid LONDON, June 13 (Reuters) - Fast fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its planned IPO, a
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Spanish stocks - Factors to watch on June 13

Spanish stocks - Factors to watch on June 13 June 13 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: INDITEX ITX.MC Around 1,800 workers at one of Zara owner Inditex's main logistics centres in Spain will get a direct pay increase totalling 12% over the next three years plus additional compensation under a preliminary deal unions said they had reached
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Fast fashion retailer Shein hikes prices ahead of IPO

Fast fashion retailer Shein hikes prices ahead of IPO Average price of a dress on Shein jumps by 28% in U.S. Price hikes aimed at boosting revenue and profit Higher prices also driven by external brands like Skechers By Helen Reid LONDON, June 13 (Reuters) - Fast fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its planned IPO, according to an analysis of its pricing strat
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Workers at Inditex's Zaragoza logistics hub to get 12% pay rise

Workers at Inditex's Zaragoza logistics hub to get 12% pay rise MADRID, June 12 (Reuters) - Around 1,800 workers at one of Zara owner Inditex's main logistics centres in Spain will get a direct pay increase totalling 12% over the next three years plus additional compensation under a preliminary deal unions said they had reached with the company. Inditex declined to comment on the preliminary deal reached on Wednesday.
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Shein's pre-IPO charm offensive hits roadblocks in Europe

RPT-Shein's pre-IPO charm offensive hits roadblocks in Europe Repeats June 7 story, text unchanged By Helen Reid and James Davey LONDON, June 7 (Reuters) - As online fast-fashion retailer Shein ramps up its pre-IPO charm offensive in Britain, pushback is growing too from Europe's retail industry and lawmakers. As citizens of 27 countries vote in European Union elections, European manufacturers of fabric, clothes, leather goods and shoes this week called on future EU policymakers to protect the 1
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Shein's pre-IPO charm offensive hits roadblocks in Europe

Shein's pre-IPO charm offensive hits roadblocks in Europe By Helen Reid and James Davey LONDON, June 7 (Reuters) - As online fast-fashion retailer Shein ramps up its pre-IPO charm offensive in Britain, pushback is growing too from Europe's retail industry and lawmakers. As citizens of 27 countries vote in European Union elections, European manufacturers of fabric, clothes, leather goods and shoes this week called on future EU policymakers to protect the 1.5 million jobs in the sector from low-co
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Spanish fashion retailer Tendam's core earnings up 10% as it mulls IPO

UPDATE 1-Spanish fashion retailer Tendam's core earnings up 10% as it mulls IPO Adds comments from source familiar with IPO plans in paragraphs 2 and 7 MADRID, June 6 (Reuters) - Spanish fashion retailer Tendam reported on Thursday a 10% rise in core earnings for its 2023 financial year and forecast lower to steady first-quarter growth as the company mulls an initial public offering .
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Spanish fashion retailer Tendam's core earnings up 10% as it mulls IPO

Spanish fashion retailer Tendam's core earnings up 10% as it mulls IPO MADRID, June 6 (Reuters) - Spanish fashion retailer Tendam reported on Thursday a 10% rise in core earnings for its 2023 financial year and forecast lower to steady first-quarter growth as the company mulls an initial public offering . The owner of Women's Secret, Cortefiel and Springfield chains said its recurring earnings before interest, taxes, depreciation and amortisation (EBITDA) reached 313.3 million euros ($340.8 mill
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Ashtead Technology Holdings, Computacenter, Maersk

EUROPE RESEARCH ROUNDUP-Ashtead Technology Holdings, Computacenter, Maersk June 6 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Ashtead Technology Holdings, Computacenter and Maersk on Thursday. HIGHLIGHTS * Ashtead Technology Holdings Plc ATAS.L : Stifel raises target price to 900p from 770p * Computacenter Plc CCC.L : Morgan Stanley cuts target price to 2550p from 2650p * IG Group Holdings Plc IGG.L : Deutsche Bank cuts target
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The bull case for uranium from U.S. nuclear trends - Citi

LIVE MARKETS-The bull case for uranium from U.S. nuclear trends - Citi Inditex up 4%, boosts retailers Most major sub indexes trading in positive territory S&P 500 futures up 0.2% 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 . THE BULL CASE FOR URANIUM FROM U.S.
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