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UK's Next raises forecast to put 1 billion pound profit in sight

UPDATE 2-UK's Next raises forecast to put 1 billion pound profit in sight First-half pretax profit up 7.1% to 452 mln stg Raises second half sales growth guidance to 3.7% Raises full-year profit guidance to 995 mln stg Shares up 5% Adds shares and details in paragraphs 2-4 and 9-12 By James Davey LONDON, Sept 19 (Reuters) - British clothing retailer Next NXT.L said on Thursday it was on track to make an annual profit of almost 1 billion pounds ($1.3 billion) as it raised its forecast for the sec
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European shares end marginally lower on tech drag; Fed in focus

UPDATE 2-European shares end marginally lower on tech drag; Fed in focus For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window France's Rexel jumps after rejecting $9.4 bln QXO bid UK insurer Phoenix falls on halting sale of unit SunLife STOXX 600 down 0.2% Updated at 1600 GMT By Shubham Batra and Shashwat Chauhan Sept 16 (Reuters) - Europe's STOXX 600 closed slightly lower on Monday as losses in heavyweight technology shares weighed on the in
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Paul Costelloe takes fashionistas to Paris, Bora Aksu honours mother at London shows

UPDATE 1-Paul Costelloe takes fashionistas to Paris, Bora Aksu honours mother at London shows Adds Bora Aksu show By Marie-Louise Gumuchian LONDON, Sept 13 (Reuters) - Irish designer Paul Costelloe took fashionistas to a fantasy Paris for his spring collection as London Fashion Week got underway on Friday. The 79-year-old mainly stuck to four pastel colours - blue, pink, yellow and green - for the line, called "Le ciel est bleu" (the sky is blue), which also introduced his new bridal l ine .
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Paul Costelloe takes fashionistas to chic Paris at London Fashion Week

Paul Costelloe takes fashionistas to chic Paris at London Fashion Week By Marie-Louise Gumuchian LONDON, Sept 13 (Reuters) - Irish designer Paul Costelloe took fashionistas to Paris for his spring collection at London Fashion Week on Friday, as the British capital picked up the catwalk season baton. Costelloe, 79, mainly stuck to four pastel colours - blue, pink, yellow and green - for the line, called "Le ciel est bleu" (the sky is blue), which also introduced his new bridal collection.
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Boohoo's prettylittlething brings back free returns ahead of holidays

Boohoo's prettylittlething brings back free returns ahead of holidays By Richa Naidu LONDON, Sept 11 (Reuters) - The returning boss of Boohoo-owned BOOH.L online fashion retailer prettylittlething.com is bringing back free returns ahead of the holiday season, accepting a drain on profitability widely viewed as necessary to be competitive. On Tuesday, Umar Kamani, prettylittlething.com's (PLT) founder who left the business in 2023, announced his return on X and said: "one of my first changes will
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Zara to offer its secondhand clothes service in US by October

Zara to offer its secondhand clothes service in US by October MADRID, Sept 11 (Reuters) - Zara will offer its service for selling, repairing or donating secondhand clothes in the United States by the end of October as a way of prolonging their life cycle and reducing waste, its owner Inditex said on Wednesday. Zara's 'Pre-Owned' platform is already running in 16 European countries , after launching in Britain in November 2022. Inditex ITX.MC previously said it was committed to operating the plat
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Inditex shares rise after it reports strong autumn sales

BUZZ-Inditex shares rise after it reports strong autumn sales ** Shares in Inditex ITX.MC rise around 4% after the Zara owner reported stronger recent sales of its first autumn-winter collections, offsetting a first-half growth slowdown ** Between Aug. 1 and Sept. 8, the world's biggest listed fashion retailer saw an 11% increase in constant curren
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Zara owner Inditex sees early autumn sales perk up after summer slowdown

UPDATE 3-Zara owner Inditex sees early autumn sales perk up after summer slowdown Company reports 10% rise in first-half profit Shares outperform with rise of 4% on results Wet, cold weather in early summer hampered sales August, Sept. sales up 11% so far, outpacing 7.2% in first half Recasts lead; adds shares paragraph 2, CEO paragraphs 6,8,9 analysts' quotes, detail throughout By Corina Pons MADRID, Sept 11 (Reuters) - Zara owner Inditex ITX.MC reported a jump in sales of its autumn/winter col
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Zara owner Inditex's profits rise 10% in first half despite slower sales growth

Zara owner Inditex's profits rise 10% in first half despite slower sales growth MADRID, Sept 11 (Reuters) - Zara owner Inditex ITX.MC reported a 10% rise in first-half profit as sales increased 7.2%, at a slower pace than last year but in line with analysts' expectations of tougher times for fashion retailers in Europe, partly due to wetter-than-expected weather in early summer.
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Inditex sales growth forecasts dampened by rain in Spain

Inditex sales growth forecasts dampened by rain in Spain Bad weather hits Inditex's June sales in Spain Inditex's sales growth likely improved in July -analysts Q2 sales expected to rise 7% -LSEG analyst poll Analysts expect first-half profit to rise 10% By Corina Pons MADRID, Sept 10 (Reuters) - Expectations of bumper second quarter sales growth at Zara owner Inditex ITX.MC have been dashed by a wet and cold June in its biggest market of Spain, analysts and investors said ahead of earnings due
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Turkish firms face wave of closures amid economic reckoning

Turkish firms face wave of closures amid economic reckoning Turkey hit by fallout from inflation-fighting monetary policy Soaring costs, overvalued lira, dwindling export orders 15,000 companies closed this year, up 28% from 2023 Apparel, textile firms seek court protection Knock-on effects for payments, employment, growth By Ceyda Caglayan and Ezgi Erkoyun CORUM, Turkey, Sept 9 (Reuters) - It is hard for Dogan Duman to see how he can keep his garment factory in central Turkey running much longe
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Buybacks to the rescue

LIVE MARKETS-Buybacks to the rescue STOXX 600 down 0.1% Utilities, real estate lead Nasdaq futures edge lower 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 BUYBACKS TO THE RESCUE Barclays has looked into how corporate stock buying has played out in shaping the roller-coaster moves of last month and found buybacks have likely provided impulse to the rebound in European stocks.
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Elis, Spie, Volvo

EUROPE RESEARCH ROUNDUP- Elis, Spie, Volvo Aug 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Elis, Spie and Volvo on Friday. HIGHLIGHTS * Elis SA ELIS.PA : JP Morgan reinstates coverage with overweight rating * Hochtief AG HOTG.DE : Barclays cuts to equal-weight from overweigh * Rolls-Royce RR.L : Barclays raises target price to 540p from 495p * Spie SA SPIE.PA : JP Morgan reinstates coverage with overweight rating * Volvo VOL
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Bank of Georgia, Tracsis, Victrex

EUROPE RESEARCH ROUNDUP- Bank of Georgia, Tracsis, Victrex Aug 29 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Bank of Georgia, Tracsis and Victrex, on Thursday. HIGHLIGHTS * Bank of Georgia BGEO.L : Peel Hunt raises target price to 6,200p from 6,000p * Close Brothers Group Plc CBRO.L : RBC raises to outperform from sector perform * Rathbones Group RAT.L : RBC raises target price to 1,950p from 1,850p * Tracsis Plc TRCS.L : Bere
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Accelleron, BHP, Kingfisher

EUROPE RESEARCH ROUNDUP-Accelleron, BHP, Kingfisher Aug 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Accelleron, BHP and Kingfisher, on Wednesday. HIGHLIGHTS * Accelleron ACLN.S : Deutsche Bank raises target price to CHF 42 from CHF 34 * BHP Group BHPB.L : JP Morgan cuts target price to 2,580p from 2,650p * Kingfisher KGF.L : Citigroup cuts to neutral from buy * Vonovia SE VNAn.DE : Citigroup raises target price to EUR 52.80 f
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AB Foods, Bunzl, Barratt

EUROPE RESEARCH ROUNDUP- AB Foods, Bunzl, Barratt Aug 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AB Foods, Bunzl and Barratt on Tuesday. HIGHLIGHTS * AB Foods ABF.L : Deutsche Bank cuts to sell from hold * Bunzl BNZL.L : JP Morgan raises target price to 3,660p from 3,380p * Barratt BDEV.L : Morgan Stanley resumes coverage with equal-weight rating * Continental AG CONG.DE : UBS raises to buy from neutral * Schindler Holding
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H&M to close digital outlet Afound

H&M to close digital outlet Afound OSLO, Aug 21 (Reuters) - H&M will close down digital fashion outlet Afound later this year due to weak demand, the Swedish group said in a statement on Wednesday. "When evaluating Afound's current position, we don't see enough demand, partly because brands increasingly choose to use their own channels for sales, to further strengthen their customer relationships," H&M said.
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H&M Says Afound To Be Discontinued

BRIEF-H&M Says Afound To Be Discontinued Aug 21 (Reuters) - H & M Hennes & Mauritz AB HMb.ST said in a statement: AFOUND TO BE DISCONTINUED Further company coverage: HMb.ST (Reporting By Oslo newsroom)
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Anglo American, Metro Bank, Synthomer

EUROPE RESEARCH ROUNDUP- Anglo American, Metro Bank, Synthomer Aug 15 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American, Metro Bank and Synthomer, on Thursday. HIGHLIGHTS * Anglo American AAL.L : Bernstein cuts target price to 2,500p from 2,700p * DNB Bank ASA DNB.OL : Citigroup cuts PT to NOK 208 from NOK 220 * Metro Bank MTRO.L : Peel Hunt raises target price to 60p from 30p * Synthomer SYNTS.L : HSBC cuts target pri
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Danske Bank, Lotus Bakeries NV, Vesuvius

EUROPE RESEARCH ROUNDUP-Danske Bank, Lotus Bakeries NV, Vesuvius Aug 13 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Danske Bank, Lotus Bakeries NV and Vesuvius, on Tuesday. HIGHLIGHTS * Abrdn Plc ABDN.L : Morgan Stanley raises target price to 160p from 149p * Danske Bank DANSKE.CO : Morgan Stanley initiates coverage with overweight rating * Lotus Bakeries NV LOTB.BR : Berenberg raises target price to EUR 10,300 from EUR 9,000 *
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