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* Fevertree falls after Xmas trading update Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Very much like their Asian peers, European stocks are holding close to the highs reached on Friday rather than moving further while Wall Street is off celebrating MLK day. There are a few spectacular moves in the UK: Fevertree Drinks is down over 20%, after the premium tonic water maker warned about subdued Christmas trading.
Buying a low-cost index fund will get you the average market return. But in any diversified portfolio of stocks...
Accor is selling half its stake in Huazhu Group, its strategic partner in China, for $451 million. It will retain a 5.8 percent stake in the Nasdaq-listed multi-brand Chinese hotel company, which last month entered into an agreement to buy Frankfurt-based Deutsche Hospitality for about $777 million (700 million euros). A statement from Accor said […]
Short-term home rental company Airbnb Inc has joined the ranks of leading sponsors of the Olympic Games with a nine year deal to help provide accommodation for the world's biggest sporting event and cut the cost for host cities. Airbnb said on Monday the partnership with the International Olympic Committee (IOC) would run from the Tokyo games next year until 2028 and cover five Olympics and Paralympics events.
China's Huazhu Group is buying the Steigenberger hotels as it seeks to extend its global reach with the addition of one of Germany's most well-known upmarket chains. Huazhu, already the world's fifth-largest hotel group by market capitalisation, is paying 700 million euros ($781 million) in cash for Steigenberger parent Deutsche Hospitality.
How far off is Accor SA (EPA:AC) from its intrinsic value? Using the most recent financial data, we'll take a look at...
Here’s a quick test: Which global hotel chain has the most number of brands? Most people would probably say Marriott International after it acquired Starwood Hotels & Resorts. But Accor actually has more brands than Marriott today, thanks to its acquisitive CEO Sébastien Bazin, who has also encouraged the birth of new Accor brands, the […]
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
* China's conciliatory statement boosts European stocks * STOXX 600 +0.7%, FTSE 100 +1.2% * Tech stocks outperform, luxury underperforms * Pearson and Imperial Brands slump on profit warnings Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://firstname.lastname@example.org A DEEPER LOOK INTO THE LONDON TRIO'S PROFIT WARNINGS (1009 GMT) A cigarette maker, an airline and an education group - what's the one thing in common between them today? Combined $5 billion has been wiped from London blue-chips Pearson, Imperial Brands and British Airways-owner IAG as they warned on full-year profits.