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LVMH


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LVMH surprised by 'inaccurate rumours' about replacement of Moet Hennessy division head

UPDATE 1-LVMH surprised by 'inaccurate rumours' about replacement of Moet Hennessy division head Updates with LVMH comment paragraphs 1-3 PARIS, Oct 18 (Reuters) - French luxury goods group LVMH LVMH.PA said it was "surprised by inaccurate rumors" about its Moet Hennessy division relayed on Friday by French investigative media La Lettre, which reported its longtime wine and spirits division head was being replaced by an executive in the business.
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Europe's STOXX 600 rises on tech rebound, set for weekly gains

UPDATE 1-Europe's STOXX 600 rises on tech rebound, set for weekly gains For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Luxury stocks boost France's CAC 40 Elisa slumps on unexpected Q3 revenue fall Intrum seeks US bankruptcy protection STOXX 600 up 0.3% Updated at 0840 GMT By Paolo Laudani and Ankika Biswas Oct 18 (Reuters) - Europe's STOXX 600 climbed on Friday, as tech stocks made a strong comeback at the end of a bumpy week, while th
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LVMH to replace Moet Hennessy division head, media report says

LVMH to replace Moet Hennessy division head, media report says PARIS, Oct 18 (Reuters) - French luxury goods giant LVMH LVMH.PA is replacing its longtime wine and spirits division head Philippe Schaus with Laurent Boillot, the president of cognac label Hennessy, French investigative media La Lettre reported on Friday, citing unnamed sources. LVMH declined to comment.
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French luxury stocks top CAC 40 as market makes most of dip created by LVMH's miss

BUZZ-French luxury stocks top CAC 40 as market makes most of dip created by LVMH's miss ** Shares in French luxury stocks lead gains on France's CAC 40 .FCHI blue-chip index ** Shares in Kering PRTP.PA jump 4.4% and LVMH LVMH.PA rise more than 3%, while Hermes HRMS.PA is up 1.8% ** Bernstein analysts Luca Solca says LVMH's Q3 miss from Tuesday has
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GS cuts Richemont to 'neutral', says macro headwinds weigh on operating margin

BUZZ-GS cuts Richemont to 'neutral', says macro headwinds weigh on operating margin ** GS cuts Swiss luxury goods group Richemont CFR.S to "neutral" from "buy", citing macro headwinds weighing on operating margin ** Although the broker likes the long-term growth opportunity supported by the Jewellery Maisons division, the company is "not immune" to
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Philippe Schaus, LVMH'S Head Of Wines And Spirits, Set To Leave Luxury Group - Bloomberg News

BRIEF-Philippe Schaus, LVMH'S Head Of Wines And Spirits, Set To Leave Luxury Group - Bloomberg News Oct 18 (Reuters) - PHILIPPE SCHAUS, LVMH'S HEAD OF WINES AND SPIRITS, SET TO LEAVE LUXURY GROUP - BLOOMBERG NEWS Source text: https://tinyurl.com/bdhwcjd4 Further company coverage: LVMH.PA
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Adidas, Bellway, Nestle

EUROPE RESEARCH ROUNDUP- Adidas, Bellway, Nestle Oct 18 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Adidas, Bellway, and Nestle, on Friday. HIGHLIGHTS * Adidas AG ADSGn.DE : Baader Helvea raises to add from reduce * Bellway Plc BWY.L : Peel Hunt cuts to hold from add * Danone DANO.PA : Morgan Stanley cuts to equal weight from overweight * Greencore GNC.L : Deutsche Bank raises to hold from sell * Nestle SA NESN.S : Jefferies cut
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Snam, BP, Novo Nordisk, Pony AI; Updates Zuora Oct 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** BP BP.L is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to scale back the energy company's focus on renewables.
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Ray-Ban maker EssilorLuxottica misses sales expectations as China slows

UPDATE 2-Ray-Ban maker EssilorLuxottica misses sales expectations as China slows Adds CFO comments, background By Alban Kacher and Pauline Foret Oct 17 (Reuters) - Franco-Italian eyewear maker EssilorLuxottica ESLX.PA missed third quarter revenue expectations on Thursday, dented by a slowdown in consumer spending in China. Group revenue for the three months ended Sept.
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Cucinelli bucks gloomy industry trend with revenue rise

UPDATE 1-Cucinelli bucks gloomy industry trend with revenue rise Adds details MILAN, Oct 17 (Reuters) - Revenues at Brunello Cucinelli BCU.MI rose 12.7% at constant exchange rates in the first nine month s of the year, driven by double digit growth in the Americas and in Asia, the Italian luxury group said on Thursday. As global demand for luxury goods slows, the Italian group keeps growing, helped by its focus on higher-end consumers and by a more limited exposure to China compared to its rival
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REUTERS SPORTS SCHEDULE AT 2 p.m. GMT/10 a.m. ET

REUTERS SPORTS SCHEDULE AT 2 p.m. GMT/10 a.m. ET Here are the top sports stories and upcoming coverage plans for Reuters text service as of 2 p.m. GMT/10 a.m. ET . For a full schedule of news and events, go to our editorial calendar on Reuters Connect . TOP STORIES FRANCE-SOCCER/ARNAULT LVMH's Arnault, Red Bull in talks to buy French club Paris FC French billionaire and LVMH chairman Bernard Arnault has teamed up with energy drinks company Red Bull to buy a controlling stake in French second-tie
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Zuora, LVMH, PAI Partners, CSN, Sanofi, PPG Industries, Fuji Soft Oct 17 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday: ** Fuji Soft 9749.T founder and shareholder Hiroshi Nozawa said in a letter to the company, seen by Reuters, that he supports U.S.
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Euro steady as ECB cuts rates; US retail sales boost shares and dollar

GLOBAL MARKETS-Euro steady as ECB cuts rates; US retail sales boost shares and dollar China real estate index down 7%; industrial metals slip TSMC beats profit forecast, says revenue to rise ECB cuts rates by 25 bps Stoxx gains 0.8% on results boost Updates at 1230 GMT after ECB decision, U.S. retail sales By Tom Westbrook and Alun John SINGAPORE/LONDON , Oct 17 (Reuters) - The euro was pinned at an 11-week low on Thursday after the ECB cut rates by 25 basis points as expected, while European sh
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Soccer-LVMH's Arnault, Red Bull in talks to buy French club Paris FC

UPDATE 2-Soccer-LVMH's Arnault, Red Bull in talks to buy French club Paris FC Adds details, background By Julien Pretot and Mimosa Spencer PARIS, Oct 17 (Reuters) - French billionaire and LVMH LVMH.PA chairman Bernard Arnault has teamed up with energy drinks company Red Bull to buy a controlling stake in French second-tier soccer club Paris FC, the Arnault family office said on Thursday.
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French billionaire Arnault, Red Bull enter talks to buy soccer club Paris FC

French billionaire Arnault, Red Bull enter talks to buy soccer club Paris FC PARIS, Oct 17 (Reuters) - French billionaire Bernard Arnault, in partnership with energy drink company Red Bull , has entered exclusive negotiations to buy second-tier soccer club Paris FC, the Arnault family office said on Thursday. The announcement , which comes two weeks after Arnault's LVMH LVMH.PA secured a 10-year sponsorship of Formula One, brings hefty financial backing and global sporting events expertise to Pa
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TSMC steadies chip ship, ECB set to ease

MORNING BID AMERICAS-TSMC steadies chip ship, ECB set to ease A look at the day ahead in U.S. and global markets from Mike Dolan Tech-heavy stock markets are set to breathe a sigh of relief on Thursday as the world's largest chipmaker beat the street and eased gnawing doubts about semiconductor demand worldwide and jitters about the wider artificial intelligence theme.
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European stocks gain, euro weak ahead of ECB, 'Trump trade' lifts dollar

GLOBAL MARKETS-European stocks gain, euro weak ahead of ECB, 'Trump trade' lifts dollar China real estate index down 7%; industrial metals slip TSMC beats profit forecast, says revenue to rise ECB seen cutting rates; euro dips Stoxx gains 0.4% on results boost Updates at 0845 GMT By Tom Westbrook and Alun John SINGAPORE/LONDON , Oct 17 (Reuters) - The euro was pinned at an 11-week low on Thursday ahead of an expected rate cut by the ECB, while European shares inched up, balancing gains on Wall S
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Earnings lift the STOXX, banks buoyant

LIVE MARKETS-Earnings lift the STOXX, banks buoyant STOXX 600 up 0.2% TSMC beat, earnings provide support ECB in focus Banks lead gainers Nasdaq futures rise 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 EARNINGS LIFT THE STOXX, BANKS BUOYANT A number of well-received earning updates helped European shares bounce back on Thursday, following a poor start to the week on disappoin
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China woes drag down Pernod Ricard first quarter sales

UPDATE 2-China woes drag down Pernod Ricard first quarter sales Q1 sales down 5.9% organic vs Est 4.8% drop FY 2024/25 sales, margin guidance unchanged Pernod working on mitigating impact of Chinese tariffs Adds analyst in paragraph 4, CFO in paras 5 and 12 By Dominique Vidalon and Florence Loeve PARIS, Oct 17 (Reuters) - French spirits maker Pernod Ricard PERP.PA said it still expected to return to sales growth in the 2024/25 fiscal year, despite reporting a bigger-than-expected fall in first q
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Europe before the bell: TSMC boost, Nestle miss

LIVE MARKETS-Europe before the bell: TSMC boost, Nestle miss 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 EUROPE BEFORE THE BELL: TSMC BOOST, NESTLE MISS European shares were set for a steady start on Thursday, ahead of a widely expected rate cut by the ECB later in the day and as soaring demand for AI applications helped Taiwanese chipmaker TSMC's 2330.TW profit growth beat e
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