|Bid||29.650 x 342600|
|Ask||29.655 x 122100|
|Day's range||29.200 - 29.660|
|52-week range||29.000 - 36.900|
|PE ratio (TTM)||28.27|
|Earnings date||13 Dec 2017|
|Forward dividend & yield||0.35 (0.95%)|
|1y target est||N/A|
Investors have been locking in profits, shrugging off continued strength in economic data as euro zone earnings growth slowed compared to the previous quarters and caution rose over whether a stock market rally could continue. Shares in Fresenius SE (FREG.DE), Greene King (GNK.L), Just Eat (JE.L), United Utilities (UU.L) and H&M (HMb.ST) all fell more than 2 percent after ratings downgrades from brokers.
European stocks declined on Friday, suffering a second straight weekly loss, as disappointing corporate updates and broker downgrades provided pressure.
European shares steadied on Friday with disappointing company updates and broker downgrades weighing on the broader market, while pay-TV firm Sky rose on speculation of takeover intererst. Elior fell 18 ...
BERLIN, Oct (Shenzhen: 000069.SZ - news) 18 (Reuters) - German online fashion retailer Zalando (Swiss: OXZALG.SW - news) said it planned to sell beauty products but its shares were dented as it indicated third-quarter profits would miss analyst expectations. Zalando, which is already investing heavily in logistics and technology as Amazon makes a big push into fashion, said it would start selling third-party cosmetics, skin care and fragrance brands at a range of prices in Germany in spring 2018. Major investment in new warehouses and ever-faster delivery has already been eating into Zalando's profitability despite rapidly increasing revenue.
MILAN, Oct (Shenzhen: 000069.SZ - news) 11 (Reuters) - Spanish shares rebounded sharply in a flat European market on Wednesday on hopes that a big political crisis in the euro zone's fourth largest economy could de-escalate after Catalonia stopped short of declaring formal independence from Madrid. While Spain's benchmark IBEX rose 1.3 percent, the pan-European STOXX 600 index ended flat and the euro zone blue chip index inched up 0.2 percent.
European shares closed in mixed directions on Thursday but clung to a 10-week high as bullishness fuelled by President Donald Trump's tax cut plan lingered on despite concerns it might prove difficult ...
Jill McDonald picks up something of a poisoned chalice when she starts as boss of clothing at Marks & Spencer (Frankfurt: 534418 - news) on Monday, with little room to manoeuvre as she tackles one of the biggest jobs in British retailing on her first foray into fashion. McDonald's retail credentials are strong, but they were earned as CEO of bicycles to car parts company Halfords and she will have to work within a blueprint set out by her new boss as she looks to deliver the sustained sales and profit growth that has eluded M&S for a decade in competition with a burgeoning fast-fashion market. To compound matters, Rowe and predecessor Marc Bolland have already used sourcing directors Mark and Neal Lindsey to boost profit margins by changing the way M&S buys and makes clothes, taking away any easy gains for a new boss.
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** 4-star-rated Deutsche Bank upgrades Glencore to "buy", saying co has the most diversified commodity portfolio ...
Deal-making and political turmoil in Spain livened up a flat session in Europe' stock markets on Wednesday as investors awaited pointers from the Federal Reserve on the U.S. interest rate outlook. While ...
European stocks continued to trade cautiously in early deals on Wednesday ahead of a policy decision by the U.S. Federal Reserve later in the day, with energy stocks and miners boosted by a rise in metals ...
British fashion retailer French Connection Group Plc reported a narrower operating loss for the first half and said it was making progress in its attempt to return to profitability. The owner of the Toast, French Connection (LSE: FCCN.L - news) and Great Plains brands has been struggling to fend off competition from fast-fashion rivals, such as ASOS (LSE: ASC.L - news) and Inditex (Amsterdam: IT6.AS - news) 's Zara. British billionaire Mike Ashley's Sports Direct International currently holds a 27.04 percent stake in French Connection and is the second-largest shareholder in the company.
Budget fashion group H&M has slashed prices to shift unsold summerwear, in the latest sign the Swedish company is struggling to keep pace with rivals as young buyers move online. Seemingly unstoppable for decades, H&M has been hit by tougher competition in the past couple of years from cut-price brick-and-mortar rivals. H&M entered its third quarter with higher-than-usual inventories that needed to be sold before autumn collections arrived.
British budget fashion retailer New Look , which is owned by South Africa's Brait and struggling with declining sales in a fiercely competitive UK market, said Chief Executive Anders Kristiansen had left the company. New Look had been one of Britain's most popular retail names for decades, offering fashionable clothes at lower prices, but has seen its sales slide over the past year amid rising competition from the likes of online retailers Asos (LSE: ASC.L - news) and Boohoo and Inditex (Amsterdam: IT6.AS - news) 's Zara, which can bring the latest trends to stores more quickly via its local supply chain. Kristiansen had been at the helm for five years.
Swedish fashion retailer H&M will struggle to hit its sales target this year after falling short in the first half and as key markets such as China and the United States remain challenging, it said on Thursday. After decades of strong growth, H&M has repeatedly missed sales forecasts over the past year, with earnings squeezed by heavy investment and stiff competition from budget rivals such as Primark and online firms Zalando (Swiss: OXZALG.SW - news) and Asos (LSE: ASC.L - news) . CEO Karl-Johan Persson told Reuters it was looking "tough" to reach a target given in January for 10 percent to 15 percent sales growth this year after first-half sales came in lower than H&M had expected.
Emilio Saracho, former chairman of failed Spanish lender Banco Popular, was re-elected on Thursday as a non-executive director at IAG, the owner of British Airways and Spanish airlines Iberia and Vueling, ...
LONDON/ISTANBUL, May 15 (Reuters) - Turkish clothing retailer Mavi Giyim plans to list on Istanbul's stock exchange, the company said on Monday, in what will be a test for the exchange 10 months after a coup attempt shook investor confidence in the region. Chief Executive Officer Cuneyt Yavuz said 82 percent of Mavi's business comes from Turkey, which has a growing and young population but in July the government resisted a dramatic coup attempt and a resulting crackdown has left tens of thousands of people sacked or arrested and unnerved markets. The Istanbul Stock Exchange has seen a sharp decline in listings: $14.3 million have been raised in IPOs so far this year, compared with $119.9 million in the same period last year, according to Thomson Reuters (Dusseldorf: TOC.DU - news) data.
March sales growth at Hennes & Mauritz (H&M) fell short of a preliminary estimate, the Swedish budget fashion group said on Tuesday, in another sign it may struggle to reach a new full-year target. For decades a fast-growing success story, H&M repeatedly missed sales forecasts last year and saw profits fall amid stiff competition from budget rivals such as Britain's Primark and new players online. Societe Generale (Swiss: 519928.SW - news) analyst Anne Critchlow said the final reading was a fresh blow after disappointing preliminary data.
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Exane BNP Paribas raises British American Tobacco to "outperform", saying that while it is early days ...
H&M, the world's second-biggest fashion company, said conditions remained very tough in key European markets and in the United States, with shopping behaviour and expectations changing rapidly. Earnings were dented by weaker than expected sales growth and bigger mark-downs and H&M shares fell 5 percent.
European shares achieved their highest closing level in two weeks on Wednesday, boosted by basic resource and oil stocks, while French aeroplane seat-maker Zodiac slumped after its latest profit warning. The pan-European STOXX 600 index was up 0.4 percent at its close, with the market focused on potentially divisive elections in the Netherlands and a U.S. Federal Reserve policy meeting that could signal how much monetary tightening to expect during the remainder of the year. A recovery in oil prices after a surprise U.S. crude stockpile drawdown eased worries about a supply glut and spurred a rally in basic resources stocks with the sector up 1.7 percent, followed by major European oil-related stocks which rose 1.2 percent.
Inditex, whose brands include Zara, Massimo Dutti, Pull&Bear, Bershka and Oysho, said its bottom-line profit rose 10 percent to 3.16 billion euros last year
LA CORUNA, Spain/STOCKHOLM, March 15 (Reuters) - Fashion retailer H&M's sales fell unexpectedly in February while Inditex, which owns Zara, pulled further ahead of its Swedish rival, helped by its expansion online and a bigger emerging market presence. Inditex, the world's biggest clothing retailer, has consistently outperformed H&M in the past few years as a result of online growth and its push into new markets. H&M has embarked on plans to roll out ecommerce in more markets this year and speed up expansion of newer brands such as the mid-market COS and & Other Stories.