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What LVMH results mean for European beverages

LIVE MARKETS-What LVMH results mean for European beverages STOXX 600 up 0.7% ASML orders disappoint Miners bounce back Wall St futures higher Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at alun.john@thomsonreuters.com . WHAT LVMH RESULTS MEAN FOR EUROPEAN BEVERAGES Shares in Europe's largest luxury group LVMH LVMH.PA are rising on Wednesday following upbeat results, with overall sales for the quarter ending in Mar
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LVMH Q1 meets expectations, reassuring luxe sector

BUZZ-LVMH Q1 meets expectations, reassuring luxe sector Updates shares, adds peers, milestone ** Shares in LVMH LVMH.PA rise nearly 2.6%, paring earlier gains, after Europe's second-most valuable company's Q1 sales rose and roughly met forecasts ** Q1 revenue rises 3% organically to 20.7 billion euros ($21.99 billion), in line with consensus in organic terms, says RBC ** "Even the much-debated (Fashion & Leather Goods) division met investors at the bar ...
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LVMH's weak Q1 cognac performance in U.S., China reads negatively for European spirits-JPM

BUZZ-LVMH's weak Q1 cognac performance in U.S., China reads negatively for European spirits-JPM ** J.P.Morgan flags the worse-than-expected Q1 performance of LVMH's LVMH.PA cognacs and spirits, with a 16% y/y sales decline, reads across negatively to spirits peers Remy Cointreau RCOP.PA and Pernod Ricard PERP.PA ** JPM notes Hennessy Cognac performance was impacted by what LVMH calls a "cautious attitude among retailers" in an uncertain U.S.
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India's Som Distilleries rises on commissioning new equipment

BUZZ-India's Som Distilleries rises on commissioning new equipment ** Shares of Som Distilleries And Breweries SDB.NS rise as much as 4.3% to 311 rupees; last up 3.3% ** Liquor maker says it has commissioned new wraparound packaging equipment at its Bhopal canning facility ** New equipment streamlines production processes and expected to raise oper
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India's Sula Vineyards jumps on higher Q4 sales

BUZZ-India's Sula Vineyards jumps on higher Q4 sales ** Shares of Sula Vineyards SULA.NS rise as much as 5.1% to 584 rupees; last up 2.4% ** Indian winemaker said Q4 sales for its own brands reported a growth of 9% y/y and 11% for FY24 over FY23 ** Wine tourism Q4 revenue rose 31% y/y and 22% for FY24 over FY23 ** More than 1.1 mln shares change hands by 10:16 a.m.
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