EARNINGS PREVIEW: PPR 1H Oper Profit Seen At EUR650M
29th Jul 2010 15:27
PPR (PP.FR): 1H 2010 Earnings Due: July 30 at 0500 GMT DJ Survey of 6 Analysts Average Operating Profit: EUR650M, down 8.1% (EUR707M in 1H 2009) Average Revenue: EUR8.08Bln, down 13% (EUR9.24Bln in 1H 2009) Note: PPR's first half sales and profit will be lower compared with the first half last
Read moreUPDATE: LVMH First-Half Profit Soars, Showing Luxury's Return
27th Jul 2010 18:49
Mimosa Spencer Of DOW JONES NEWSWIRES PARIS (Dow Jones)--French luxury goods behemoth LVMH Moet Hennessy Louis Vuitton (MC.FR) Tuesday reported a 53% jump in first half net profit, heralding a strong return of high-end consumption and, in a departure from cautiousness seen in previous quart
Read moreLVMH First-Half Net Profit Jumps 53%, Showing Luxury's Return
27th Jul 2010 17:09
Mimosa Spencer Of DOW JONES NEWSWIRES PARIS (Dow Jones)--French luxury goods behemoth LVMH Moet Hennessy Louis Vuitton (MC.FR) Tuesday reported a 53% jump in first half net profit, heralding a strong return of high-end consumption and, in a departure from cautiousness seen in previous quarte
Read moreEARNINGS PREVIEW: LVMH 1H Revenue Seen +13% At EUR8.85B
23rd Jul 2010 16:23
LVMH (MC.FR): 1H Results Due: July 27 at 1530 GMT DJ Survey of 5 Analysts Average Profit, Recurring Ops: EUR1.68B +24% (EUR1.36B in 1H 2009) Average Revenue: EUR8.85B, +13% (EUR7.81B in 1H 2009) Note: LVMH results are expected to be strong, driven by double digit organic sales growth as the grad
Read moreMARKET TALK: Bernstein Raises LVMH Target To EUR100
23rd Jul 2010 08:05
0705 GMT [Dow Jones] Bernstein raises LVMH (MC.FR) target to EUR100 from EUR95 after updating forecasts to reflect the positive effect of a weaker euro and likely solid 1H trading. Says the euro's current level compared to the dollar, if maintained throughout the year, would add 4% annual growth to
Read moreMARKET TALK: Numis Expects Burberry Forecast Upgrades
21st Jul 2010 09:16
0816 GMT [Dow Jones] Numis Securities expects upgrades to earnings forecasts on Burberry (BRBY.LN) in the coming quarters. The broker says in a note that the company is set for a further profit drive. Adds: "We see little to upset the group's present earnings momentum, particularly with innovation a
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jul 2010 09:16
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0816 GMT [Dow Jones] Numis Securities expects upgrades to earnings forecasts on Burberry (BRBY.LN) in the coming quarters.
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
21st Jul 2010 08:39
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0739 GMT [Dow Jones] HSBC lifts Burberry (BRBY.LN) target to 950p from 900p following the group's GBP70M acquisition of 50
Read moreMARKET TALK: HSBC Lifts Burberry Target To 950p
21st Jul 2010 08:39
0739 GMT [Dow Jones] HSBC lifts Burberry (BRBY.LN) target to 950p from 900p following the group's GBP70M acquisition of 50 stores from its existing franchise partner in China. "There have been so many positive changes at Burberry in the past years that it looks like the brand has been through a revo
Read moreUPDATE: Hermes Raises 2010 Targets As Sales Climb Sharply
20th Jul 2010 14:32
(Updates with further details, comments from company and analysts) By Mimosa Spencer Of DOW JONES NEWSWIRES PARIS (Dow Jones)--French high-end fashion house Hermes International (RMS.FR) Tuesday doubled its full-year sales growth target as it reported a 27% jump in second quarter sales
Read moreHEARD ON THE STREET: More Fizz In Luxury Goods Sector
20th Jul 2010 13:55
By Matthew Curtin A DOW JONES COLUMN The recession is looking like a distant memory for the luxury goods industry. So strong is the rebound in the second quarter that there may still be value in the highly rated sector. Hermes International, the French group famous for its hand-stitched
Read moreMARKET TALK: Bernstein Raises Burberry Price Target
20th Jul 2010 12:25
1125 GMT [Dow Jones] Bernstein Research raises Burberry (BRBY.LN) target price to 800p from 750p following the company's acquisition of its Chinese retail operations. Says the deal is a brilliant development and has come sooner than expected. It "looks like the coming of age for Burberry as a global
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
20th Jul 2010 12:25
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1125 GMT [Dow Jones] Bernstein Research raises Burberry (BRBY.LN) target price to 800p from 750p following the company's a
Read moreMARKET TALK: Investec Reinstates Coverage Of Burberry At Buy
20th Jul 2010 11:07
1007 GMT [Dow Jones] Investec Securities reinstates coverage of Burberry (BRBY.LN) at buy with a 950p price target, up from 750p previously. Says: "With growth stocks enjoying a sharp re-rating in current markets, we believe Burberry has further to go given its attractive combination of positive ear
Read moreMARKET TALK: Investec Lifts Burberry To 'Buy'
19th Jul 2010 10:12
0912 GMT [Dow Jones] Investec Securities lifts Burberry (BRBY.LN) to buy from hold and raises its target price to 950p from 750p following the group's acquisition of its retail operations in China. "This acknowledges the growth potential of the business, which we believe should be materially enhance
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