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Armani Revenues up 20% in H1 After 2021 Recovery
Date: July 20, 2022
MILAN (Reuters) – Italian luxury goods group Armani posted a 20% increase in sales at constant currencies in the first half, after swinging to an operating profit in 2021 as revenues returned above pre-pandemic levels in the second part of the year. Revenues “now constantly exceed the levels achieved in 2019, thus setting the stage...
European Shares Rise on Easing Energy Supply Worries; Draghi Speech in Focus
Date: July 20, 2022
(Reuters) – European shares scaled near six-week highs on Wednesday as energy supply worries eased following a report that Russian gas supplies would resume as scheduled, while Italian Premier Mario Draghi’s parliament address was also in focus amid a political crisis. The STOXX 600 index rose 0.4% by 0710 GMT, extending gains to a fourth...
Factory Shutdown to Hit Barry Callebaut After 9-month Sales Rise
Date: July 20, 2022
By Silke Koltrowitz ZURICH (Reuters) -Barry Callebaut expects a “notable financial impact” in its fourth quarter from the shutdown of its Wieze factory as the world’s biggest chocolate maker said on Wednesday that strong demand boosted sales in the nine months to May. Sales volumes grew 7.9% to 1,751 thousand tonnes in the first nine...
Volvo Cars Sees Flat or Lower Retail Sales This Year
Date: July 20, 2022
By Helena Soderpalm STOCKHOLM (Reuters) -Volvo Cars flagged a potential dip in retail sales this year after posting higher second-quarter profits. Supply problems, above all a global shortage of semiconductors, have squeezed output and retail sales in recent quarters, but Volvo said it was seeing a “marked improvement” in the stabilisation of its supply chain....
Stocks Rally as U.S. Earnings Pick Up, Dollar Eases for Third Session
Date: July 19, 2022
By Chuck Mikolajczak NEW YORK (Reuters) – A global gauge of stocks climbed on Tuesday as equities rallied while the dollar was down for a third straight day as the door was opened for the European Central Bank to enact a bigger rate hike than expected this week. Stocks on Wall Street advanced in broad...
Global Equity Funds Post Third Weekly Outflow on Slowdown Fears
Date: July 15, 2022
(Reuters) – Global equity funds faced a third straight week of outflows in the week to July 12 on concerns over the prospect of further central bank interest rate hikes and the health of economies worldwide. According to Refinitiv Lipper, investors disposed of $4.33 billion worth of global equity funds in a third straight week...