|Bid||184.76 x 0|
|Ask||184.80 x 0|
|Day's range||183.80 - 185.96|
|52-week range||123.50 - 208.80|
|Beta (3Y monthly)||0.89|
|PE ratio (TTM)||23.95|
|Forward dividend & yield||4.85 (2.62%)|
|1y target est||133.09|
From vegan burgers to vegan boots, the market for products using no animal products is surging, with climate-conscious consumers in Britain fuelling the global dash to cash in on a fast- expanding range of ethical merchandise. With the 25th annual World Vegan Month starting on Nov. 1, Britain has overtaken Germany to become the nation with the highest number of new vegan food products launched in a year, according to market research firm Mintel. About 16% of food products launched in 2018 had a vegan claim, up from 8% in 2015, with the sector growing about 30 percent in the year to 740 million pounds ($955 million), the firm said.
Top shipping, retail and transport companies are looking to develop an alternative marine fuel which aims to reduce carbon emissions from ships, in another step to push the sector to go green. The IMO, a United Nations agency, has said it aims to halve greenhouse gas emissions from 2008 levels by 2050. Investor and activist pressure is prompting companies to look to speed up reducing the industry's carbon footprint.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.The chief executive officer of fashion giant Hennes & Mauritz AB says a growing movement that shames consumers represents a very real social threat.Karl-Johan Persson, the 44-year-old H&M CEO and son of its billionaire chairman, is speaking out as a pattern of shaming that initially targeted air travelers spreads into more industries, including his. The movement has gained traction as Greta Thunberg, the Swedish teen activist, inspires millions of people across the globe to take to the streets and voice their anger over what she says is a climate crisis.Persson, who has been running H&M for a decade, says his concern is that the movement seeks to prohibit behaviors. Many of the protests are “about ‘stop doing things, stop consuming, stop flying’,” Persson said in an interview in Stockholm. “Yes, that may lead to a small environmental impact, but it will have terrible social consequences.”The H&M CEO is a key figure in the $2.5 trillion fashion industry that has come under increasing scrutiny amid concerns about pollution and workers’ rights in the developing economies that have tended to do the bulk of the manufacturing.The United Nations Economic Commission for Europe says part of the problem is that consumers have been gripped by an “era of fast fashion” that has led to an “environmental and social emergency.” The clothing industry is responsible for about 10% of global greenhouse gas emissions and consumes more energy than aviation and shipping combined, according to the UN.Persson says that “the climate issue is incredibly important. It’s a huge threat and we all need to take it seriously -- politicians, companies, individuals. At the same time, the elimination of poverty is a goal that’s at least as important.”“We must reduce the environmental impact,” Persson said. “At the same time we must also continue to create jobs, get better healthcare and all the things that come with economic growth.”What Bloomberg Intelligence Says:“Low-priced fashion obviously encourages consumers to buy more frequently and to discard still-wearable garments. Consumers could easily choose to make this decision but as in most areas they want to see retailers helping them to make environmentally good choices.”-- Charles Allen, Bloomberg Intelligence retail analystH&M estimates that about 70% of a garment’s impact on the climate happens during the manufacturing process. By 2040, H&M intends to be climate positive, which it says means reducing more greenhouse gas emissions than its value chain emits.The company says it’s one of the world’s biggest users of organic and recycled cotton, citing data from Textile Exchange, a non-profit organization. And H&M has started exploring some unconventional fabrics specifically designed to incorporate recycling into the mix, such as citrus peel and old fishnets. The company also works with governments to help install solar panels and other renewable energy solutions to make local factories more sustainable.Persson says things like “environmental innovation, renewable energy, improved materials” are better ways to tackle climate change than a moratorium on consumption. “Continue to focus very much on the environmental issue, but have an open discussion about what the solution is,” he said.Shares in H&M have gained more than 60% this year after the company lost about a quarter of its market value in 2018.(Adds share price at end.)To contact the reporter on this story: Hanna Hoikkala in Stockholm at email@example.comTo contact the editors responsible for this story: Tasneem Hanfi Brögger at firstname.lastname@example.org;Niklas Magnusson at email@example.comFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...
* European shares slightly down, FTSE falls 0.8% * U.S. widens trade war with tariffs on European goods * Eyes on US ISM services report * Frankfurt closed today for public holiday Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: rm://firstname.lastname@example.org IN CASE YOU NEEDED ANOTHER REASON TO AVOID EUROPEAN BANKS (1159 GMT) Given their total helplessness in recovering from the financial crisis and their abyssal performance in the last two years, most investors won't touch euro zone banks with a barge pool.
Euro zone shares made small gains on Thursday after their worst sell-off in two months a day earlier, as a rebound in Airbus and spirits makers outweighed the latest round of weak economic data from the euro zone and the United States. The blue-chip and wider STOXX 600 pan-European indexes sank almost 3% on Wednesday after the World Trade Organization approved 10% U.S. tariffs on European-made Airbus planes and 25% duties on goods ranging from French wine to Scotch whisky.
* European shares steady at the open * Euro STOXX up 0.2%, FTSE down 0.3% * U.S. widens trade war with tariffs on European goods * Eyes on US ISM services report * Frankfurt closed today for public holiday Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: email@example.com EUROPE STEADIES: U.S. TARIFFS NOT SO SCARY (0740 GMT) Selling pressure has clearly attenuated in Europe after worries over global growth caused a two-day rout that wiped off all gains made last months.
Shares in Ted Baker shed more than a third of their value on Thursday, after the British fashion retailer's second profit warning in four months on the back of what new boss Lindsay Page called the worst business conditions in decades. The warning underlines the challenges facing Page, who became chief executive officer in April, after misconduct allegations against Ted Baker founder and top shareholder Ray Kelvin. Ted Baker and other high-street retailers face several challenges: weak consumer demand brought on by political uncertainty related to Britain's departure from the European Union, heavy discounting and the shift to online shopping.
Building up an investment case requires looking at a stock holistically. Today I've chosen to put the spotlight on H...
* European stocks fall amid fresh geopolitical worries * Airlines sink, oil companies bounce after crude surge * Investors fret about WTO ruling on Airbus subsidies * Atlantia falls again after probe into road safety Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Reach her on Messenger to share your thoughts on market moves: firstname.lastname@example.org ROTATION PAUSED, DEFENSIVES IN DEMAND AMID SAUDI ATTACK (1027 GMT) There's a bit of shuffle going on in Europe with value/momentum rotation taking a pause, while investors take shelter in bond-proxy sectors such as utilities, healthcare and food & beverage names amid worries about a possible oil crisis.
* European stocks fall amid fresh geopolitical worries * Airlines sink, oil companies bounce after crude surge * Investors fret about WTO ruling on Airbus subsidies * Atlantia falls again after probe into road safety Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. Higher fuel costs and stiffer low-cost competition have led to a wave of bankruptcies among smaller European airlines in recent years, including Air Berlin, Germania, British-based Monarch, Latvia's Primera Air and Swiss SkyWork. Now crude prices are rallying following the drone attacks that knocked a big portion of Saudi Arabia's output out and triggered a rally in crude prices overnight.
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Josephine Mason. European stock futures are under pressure, as investors shun riskier assets after drone attacks knocked out half of Saudi Arabia's oil output, renewing geopolitical tensions in the region, while disappointing data from China has underscored worries about the slowdown in the world's No. 2 economy. The Eurostoxx futures are down 0.7%, with DAX futures down 0.9%, while gains in FTSE futures after the surge in crude prices helped lift its heavyweight oil sector have quickly run out of steam and futures are down 0.4%.
The world's biggest fashion retailer, Inditex, on Wednesday reported weaker-than-expected growth in profit margins in the first half of the year, knocking its shares lower. First-half gross margin, a measure of profitability, was up 12 basis points, prompting some analysts to estimate margins actually fell in the second quarter. Inditex, owner of Zara, does not break out second quarter profit margins.
Dividend paying stocks like H & M Hennes & Mauritz AB (publ) (STO:HM B) tend to be popular with investors, and for...
Marks & Spencer chairman Archie Norman has said he is unperturbed by the British retailer's share price slide, with his focus on the long term, but relegation from the prestigious FTSE 100 index is a symbol of its decline. M&S will be ejected in a quarterly reshuffle of the London index, according to Reuters calculations based on Tuesday's closing share price of 187 pence, which gave it a market value of 3.64 billion pounds ($4.5 billion). FTSE Russell, the index provider, will confirm M&S's exit after the end of trading on Wednesday, with the change taking effect on Sept. 23.
Marks & Spencer shares fell on Monday on expectations the 135-year old retailer will be relegated from London's FTSE 100 index blue-chip stock market for the first time and a "sell" rating from Goldman Sachs. Removal from the blue chip index in its quarterly review would be another blow for Archie Norman, who became M&S chairman two years ago to work alongside Steve Rowe, who was named CEO in 2016 and has been with the company for three decades.
Let's talk about the popular H & M Hennes & Mauritz AB (publ) (STO:HM B). The company's shares saw a double-digit...
Online fashion retailer Zalando raised its profit guidance on Thursday after a big jump in visits to its website, with the company citing efforts to provide a best-in-class fashion experience and more speedy delivery options. The Zalando news helped to lift other fashion stocks, such as H&M, while Next and Puma extended gains recorded on Wednesday when both reported strong results. Zalando, Europe's biggest online-only fashion retailer, has been trying to counter a squeeze on profitability as it has invested heavily in logistics to speed delivery.
British online fashion retailer ASOS warned on profits for the third time since December, saying problems ramping up warehouses in the United States and Germany had restricted product availability, hitting sales and raising costs.
Karl-Johan Persson became the CEO of H & M Hennes & Mauritz AB (publ) (STO:HM B) in 2009. First, this article will...
The chief executive of Marks & Spencer is to assume direct leadership of the British retailer's troubled clothing business after sacking the division's boss just two days after publicly criticising chronic product availability. Jill McDonald, clothing, home & beauty managing director, is leaving the business after less than two years in the job, M&S said on Thursday.
* European shares up 0.2% * Bayer rallies, Elliott welcomes steps to address litigation * Earnings in focus: H&M, Chr Hansen * US, China agree tentative trade truce before G20 - SCMP * Tech boost helps Wall Street open higher Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. The disclosure came as the company outlined plans to tackle its multi-billion dollar lawsuits linked to glyphosate.