REFILE-BUZZ-'No light at end of tunnel' - Kering slumps to 7-yr lows on H2 guidance slash Refiles to remove extraneous word in headline. ** Shares in Kering PRTP.PA plummet 8.6%, to its lowest price in 7 years, as the Gucci owner forecasts a 30% slump in H2 operating profit hit by weak demand in China ** Kering's Q2 sales fall 11% organically to 4.51 bln euros ($4.88 bln), more than the consensus expected (-9%), while H1 oper profit slumps 42% y/y ** "Another step backwards," Deutsche Bank says,

PRESS DIGEST-British Business - July 25 July 25 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Britain's Informa INF.L said it had reached a deal to buy Cannes Lions Festival owner Ascential ASCL.L for 1.2 billion pounds ($1.6 billion), adding the flagship ad industry conference to its portfolio of events.

LIVE MARKETS-European stocks drop, luxury lags STOXX 600 down 0.8% LVMH earnings drag luxury sector lower Upbeat easyJet results lifts travel & leisure Start of 'Mag 7' earnings disappoints Wall St futures lower 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 EUROPEAN STOCKS DROP, LUXURY LAGS Europe's luxury sector led a decline in major markets on Wednesday after disappointing r

BUZZ-Luxury stocks sell off again as LVMH posts below-bar Q2 earnings Recasts with sector performance, adds peers, milestones, updates shares ** Expectations-missing Q2 results from luxury giant LVMH, a bellwether for the sector, weigh on peers , already under pressure after weak Burberry and Richemont prints ** LVMH results confirm "even best-in-c

BUZZ-UK's Burberry falls on read across from weak LVMH results ** Shares in Burberry BRBY.L down 1.9% at 705.4p, second top loser on FTSE bluechip .FTSE index ** The British luxury retailer falls on read across from LVMH LVMH.PA results ** LVMH, the world's biggest luxury group, posts slower sales growth in Q2 as Chinese shoppers rein in spending *