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Luxury goods' pullback likely an opportunity, but patience needed - BofA

BUZZ-Luxury goods' pullback likely an opportunity, but patience needed - BofA ** BofA Global Research says luxury goods' pullback will likely create an investment opportunity as the sector maintains its appeal on brand desirability and attractive margins, but patience is required ** Luxury stocks are down 17% from their recent highs as evidence of
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Close Brothers Group, Derwent London, Klepierre

EUROPE RESEARCH ROUNDUP-Close Brothers Group, Derwent London, Klepierre Sept 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Close Brothers Group, Derwent London and Klepierre, on Monday. HIGHLIGHTS * Adyen NV ADYEN.AS : Stifel cuts target price to EUR 720 from EUR 1,900 * Close Brothers Group Plc CBRO.L : JP Morgan raises to neutral from underweight * Derwent London Plc DLN.L : RBC raises to sector perform from underperform * K
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Italy to October 31

DIARY - Italy to October 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. SATURDAY SEPTEMBER 23 Avellino, Brothers of Italy party starts regional event to explain achievements in the first year of government; ends on Sept. 24. On Saturday Culture Minister Gennaro Sangiuliano gives speech (1530 GMT).
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Italy to October 31

DIARY - Italy to October 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. THURSDAY SEPTEMBER 21 Treasury announces sale of BTP Short and BTPei bonds, with relative amounts to be auctioned on Sept. 26. Rome, EU Commission Italian Representation Director Antonio Parenti speaks before Chamber of Deputies and Senate EU Policies committees on EU priorities (0645 GMT).
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European luxury shines on encouraging Chinese macro data

BUZZ-European luxury shines on encouraging Chinese macro data ** China-exposed European luxury stocks rise as the second biggest economy showed some signs of stabilising after reporting positive macroeconomic data ** China's factory output and retail sales grew at a faster pace in August indicating signs of stabilising parts of the wobbly economy *
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Italy to October 31

DIARY - Italy to October 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. THURSDAY SEPTEMBER 14 Infrastructure and Transport Minister Matteo Salvini attends via videoconference "Programme agreement for the Savona crisis area" presentation (0900 GMT). Rome, Estonia's Foreign Ministry Secretary General Jonatan Vseviov speaks before Senate Foreign Affairs and EU Policy committees (0700 GMT).
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Italy to October 31

DIARY - Italy to October 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. SATURDAY SEPTEMBER 9 New Delhi (India), G20 summit starts; ends on Sept. 10. On Saturday expected attendees include Prime Minister Giorgia Meloni giving speech at first session "One Earth" (0830 GMT), Economy Minister Giancarlo Giorgetti.
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Italy to October 31

DIARY - Italy to October 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. THURSDAY SEPTEMBER 7 ISTAT releases July retail sales data (0800 GMT). Bank of Italy releases August data on Target 2 liabilities and European Central Bank funding to Italian banks. Treasury announces sale of 12-month BOT bills, with relative amounts to be auctioned on Sept.
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Italy to October 31

DIARY - Italy to October 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. SATURDAY SEPTEMBER 2 Cernobbio, The European House Ambrosetti continues closed-door 49th edition "Today's and tomorrow's scenario for competitive strategies" in presence and online ; ends on Sept. 3. Scilla, European Conservatives and Reformists (ECR) Party Culture Weekend continues "When the South grow, Italy grows, Europe grows"; ends on Sept.
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Italy to October 31

DIARY - Italy to October 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. THURSDAY AUGUST 31 Athens, Greek Prime Minister Kyriakos Mitsotakis meets Italian Prime Minister Giorgia Meloni (afternoon). Toledo (Spain), Foreign Minister Antonio Tajani attends informal EU foreign ministers meeting.
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Italy to October 31

DIARY - Italy to October 31 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. TUESDAY AUGUST 29 Assogestioni expected to release July fund flows data. Treasury sells 3.5 billion euros 6-month BOT bills and 2.0 billion euros 12-month BOT bills. Subscriptions close at 0900 GMT. Venice, "4th Soft Power Conference" ends (0900 GMT); on Tuesday Culture Minister Gennaro Sangiuliano gives speech.
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Italy - Factors to watch on Aug. 4

Italy - Factors to watch on Aug. 4 The following factors could affect Italian markets on Friday. 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 (*) China's foreign ministry on Friday slammed "some forces" for "hyping up and politicizing" China and Italy's cultural and economic exchanges via the Belt and Road Initiative (BRI), following reports that R
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Ferragamo says sales in China are slowing down in last few weeks

Ferragamo says sales in China are slowing down in last few weeks MILAN, Aug 3 (Reuters) - Salvatore Ferragamo's SFER.MI> chief executive said on Thursday that sales in China were slowing down in the last few weeks compared with the same period last year. "The environment has softened in terms of customers' demand and traffic, I think this has been pointed out by the industry", CEO Marco Gobbetti added, speaking at a post-results conference call with analysts.
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Ferragamo's sales, operating profit decline in first half

UPDATE 1-Ferragamo's sales, operating profit decline in first half Adds details MILAN, Aug 3 (Reuters) - Sales at Italian luxury goods group Salvatore Ferragamo SFER.MI declined by 7.2% at constant currencies in the first half, hit by double-digit drops in both North America and Asia Pacific, the company said on Thursday. Revenues totalled 600 million euros ($657 million) in the period, broadly in line with an analyst consensus gathered by Reuters.
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Ferragamo's sales, operating profit decline in first half

Ferragamo's sales, operating profit decline in first half MILAN, Aug 3 (Reuters) - Sales at Italian luxury goods group Salvatore Ferragamo SFER.MI declined by 7.2% at constant currencies in the first half, hit by double-digit drops in both North America and Asia Pacific, the company said on Thursday. Revenues totalled 600 million euros ($657 million) in the period, broadly in line with an analyst consensus gathered by Reuters.
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Ferragamo H1 EBIT Down To EUR 47.0 Mln

BRIEF-Ferragamo H1 EBIT Down To EUR 47.0 Mln Aug 3 (Reuters) - Salvatore Ferragamo SpA SFER.MI : H1 REVENUE EUR 600 MILLION VERSUS EUR 630 MILLION YEAR AGO H1 EBIT EUR 47.0 MILLION VERSUS EUR 95.4 MILLION YEAR AGO H1 NET PROFIT EUR 22.5 MILLION VERSUS EUR 61.6 MILLION YEAR AGO H1 SALES DOWN 4.8% AT CURRENT EXCHANGE RATES (7.2% AT CONSTANT EXCHANGE
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Italy - Factors to watch on Aug. 3

Italy - Factors to watch on Aug. 3 The following factors could affect Italian markets on Thursday. 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 . ECONOMY (*) Despite unfavourable external conditions, Economy Minister Giancarlo Giorgetti said on Wednesday he was confident Italy would meet government's expected growth target and possibly exceed it.
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Italy to September 30

DIARY - Italy to September 30 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. THURSDAY AUGUST 3 July services PMI HCOB data (0745 GMT). ISTAT releases June retail sales data (0800 GMT). Bocconi University holds webinar "Getting disinflation right", ECB board member Fabio Panetta gives speech (0900 GMT).
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Italy to September 30

DIARY - Italy to September 30 Inclusion of diary items does not necessarily mean that Reuters will file a story based on the event. TUESDAY AUGUST 1 July PMI manufacturing HCOB data (0745 GMT). ISTAT releases June unemployment rate date (0800 GMT). Transport Ministry releases July car sales data (1600 GMT). July state sector borrowing requirement data.
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Why China could become the luxury industry's next sore spot

RPT-ANALYSIS-Why China could become the luxury industry's next sore spot Repeats without changes By Casey Hall and Mimosa Spencer SHANGHAI/PARIS, July 19 (Reuters) - The luxury goods industry has relied heavily on China and North America for growth in recent years, but latest Chinese economic figures and a disappointing sales update from Cartier-owner Richemont CFR.S suggest both markets may be starting to slow.
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