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MS names European business services top picks into end-2024

BUZZ-MS names European business services top picks into end-2024 ** Morgan Stanley reiterates its preference for business services providers among European equities thanks to their high inverse correlations to bond yields, and names its "overweight" picks for the sector ** The broker turns more constructive on speciality chemicals distribution, upg
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UK recruiter Hays cutting more costs as profit drops on hiring slowdown

UPDATE 2-UK recruiter Hays cutting more costs as profit drops on hiring slowdown Adds shares in paragraph 2, CEO quotes in paragraph 3 &4, comments on current trading in paragraph 8, Aug 22 (Reuters) - British recruiter Hays HAYS.L said it would make further cost cuts after reporting a 47% drop in annual profit on Thursday due to the slowdown in the jobs market as economic and political uncertainty weighed on decision making.
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UK's PageGroup H1 profit halves on lacklustre hiring market

UK's PageGroup H1 profit halves on lacklustre hiring market Aug 8 (Reuters) - PageGroup's PAGE.L first-half profit more than halved, the British recruiter said on Thursday, citing a drop in new job openings and the number of interviews undertaken amid macroeconomic and political uncertainties. CONTEXT PageGroup, which runs PageExecutive and MichaelPage among other businesses, forecast in July that its full-year operating profit would nearly half from a year earlier, taking a cautious view on the
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PageGroup Sees FY Oper Profit In Region Of 60 Mln Stg

BRIEF-PageGroup Sees FY Oper Profit In Region Of 60 Mln Stg Aug 8 (Reuters) - Pagegroup PLC PAGE.L : INTERIM DIVIDEND UP 4.5% TO 5.36 PENCE PER SHARE FULL YEAR OPERATING PROFIT EXPECTED TO BE IN REGION OF £60M Source text for Eikon: ID:nRSH6300Za Further company coverage: PAGE.L
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UK Stocks-Factors to watch on August 8

UK Stocks-Factors to watch on August 8 Aug 8 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Thursday, with futures FFIc1 down 0.5%. * GSK: The third trial over claims that discontinued heartburn drug Zantac ended in a mistrial when jurors could not agree about whether pharmaceutical company Boehringer Ingelheim was responsible for an Illinois man's cancer.
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Adecco outperforms rivals in tough quarter, but warns weak hiring to persist

UPDATE 3-Adecco outperforms rivals in tough quarter, but warns weak hiring to persist Slight miss on net profit and sales in tough Q2, but EBITA beats Sees Q3 revenue decline in line with Q2, weak hiring to persist Shares rise 2.5% as Adecco's results outperform peers Recasts with shares, adds bullet points, EBITA beat paragraph 3, analyst comment paragraph 6, peers in paragraphs 7-8 By Andrey Sychev Aug 6 (Reuters) - Adecco's ADEN.S second quarter results outperformed those of global rivals in
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UK recruiter Robert Walters turns to first-half loss

UPDATE 1-UK recruiter Robert Walters turns to first-half loss Adds context, quotes, data By Prerna Bedi Aug 1 (Reuters) - UK recruiter Robert Walters RWA.L turned to a first -half loss on Thursday, as candidates hesitated to switch jobs and companies took longer to fill vacancies amid macroeconomic and political uncertainties. The company, which specialises in hiring for the legal, accountancy and technology sectors, also reaffirmed that it did not expect any material improvement in confidence l
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Dutch recruiter Randstad's Q2 earnings fall slightly below estimates

UPDATE 3-Dutch recruiter Randstad's Q2 earnings fall slightly below estimates Adds CFO, analyst quote in paragraph 6, 10 By Enrico Sciacovelli July 23 (Reuters) - Randstad RAND.AS , the world's largest employment agency, reported second-quarter core earnings slightly below expectations on Tuesday reflecting weak hiring activity across many of its markets.
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MS sees European staffing sector worsening in Q2, cuts Randstad to 'equal-weight'

BUZZ-MS sees European staffing sector worsening in Q2, cuts Randstad to 'equal-weight' ** Morgan Stanley sees a deteriorating environment in the European staffing sector, as it cuts PTs across the board due to weak market data and negative read-across from specialists Hays HAYS.L and Page PAGE.L ** The broker reiterates the cautious outlook express
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Britvic, Burberry, Prudential

EUROPE RESEARCH ROUNDUP-Britvic, Burberry, Prudential July 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Britvic, Burberry, and Prudential, on Tuesday. HIGHLIGHTS * Auction Technology Group ATG.L : RBC initiates coverage with sector perform rating; PT 540p * Britvic BVIC.L : HSBC raises target price to 1290p from 1100p * Burberry BRBY.L : JP Morgan cuts target price to 800p from 1050p * Prudential PRU.L : JP Morgan cuts target
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UK recruiter Robert Walters tumbles on lower quarterly net fees

BUZZ-UK recruiter Robert Walters tumbles on lower quarterly net fees ** Shares of British recruiter Robert Walters Plc RWA.L shares down 5.76% at 360p ** Posts 12% fall in Q2 net fees driven by weakening employee and employer confidence ** "Near-term planning now assumes that any material improvement in confidence levels will be gradual, and likely
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British recruiters warn on tough hiring market conditions

UPDATE 3-British recruiters warn on tough hiring market conditions Robert Walters, Hays and PageGroup flag tough hiring market UK, French elections dent quarterly net fees Robert Walters shares fall as much as 6% Rewrites throughout with British recruiters' results, updates share prices By Prerna Bedi July 15 (Reuters) - British recruiters warned of tough hiring market conditions in the near-term as workers avoid switching jobs and employers take longer to fill vacant positions due to economic a
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Stock futures hint at further recovery before US CPI

LIVE MARKETS-Stock futures hint at further recovery before US CPI 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 STOCK FUTURES HINT AT FURTHER RECOVERY BEFORE U.S. CPI European equity futures are trading slightly higher on Thursday, taking their cues from the U.S., where major indices closed at record highs , driven by large-cap technology stocks.
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UK recruiter Hays sees annual profits below market expectations

UPDATE 2-UK recruiter Hays sees annual profits below market expectations Sees FY profits below market view Q4 net fees down 15% Sees Germany performance to be impacted in Q1 Adds sector background in paragraph 3-5, Region-wise details throughout July 11 (Reuters) - British recruitment firm Hays HAYS.L warned annual profit would come in below market expectations on Thursday a fter a challenging June hurt partly by elections in Britain and France.
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Danske Bank, Entain, Halma

EUROPE RESEARCH ROUNDUP-Danske Bank, Entain, Halma July 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Danske Bank, Entain and Halma, on Wednesday. HIGHLIGHTS * Danske Bank DANSKE.CO : Berenberg initiates coverage with hold rating; PT DKK 215 * Entain ENT.L : JP Morgan cuts target price to 900p from 910p * Halma HLMA.L : JP Morgan raises target price to 2,350p from 2,000p * Novonesis NSISb.CO : JP Morgan raises target price to
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London stocks fall as financials and energy stocks drag

UPDATE 1-London stocks fall as financials and energy stocks drag For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100, FTSE 250 down 0.7% each BP slips after flagging hit to Q2 profit Indivior lowers profit forecast, plans job cuts; shares plummet Barclays BARC.L , HSBC HSBA.L and Lloyd's LLOY.L all fall between 3.1% and 4%.
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Busy beginning in Britain

LIVE MARKETS-Busy beginning in Britain Stoxx 600 down 0.2%, U.S. futures up around 0.2% CAC 40 0.6% lower election still in focus Indivior down 38%, Stoxx 600 biggest faller 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 BUSY BEGINNING IN BRITAIN European shares are a touch lower in the first hour of trading, but the news flow is at the single-stock rather than index level.
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UK's PageGroup slips on cautious H2

BUZZ-UK's PageGroup slips on cautious H2 Updates ** Shares of British recruiter PageGroup PAGE.L down about 13.2% at 367p ** Flags cautious view for H2 with FY operating profit outlook of 60 million pound ($76.84 million) ** Says saw softening in activity levels through second quarter ** Q2 gross profit fell 12% to 224.3 million pounds ** Fees in J
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UK's PageGroup slips on cautious H2

BUZZ-UK's PageGroup slips on cautious H2 ** Shares of British recruiter PageGroup PAGE.L down about 12.7% at 369p ** Flags cautious view for H2 with FY operating profit outlook of 60 million pound ($76.84 million) ** Says saw softening in activity levels through second quarter ** Q2 gross profit fell 12% to 224.3 million pounds ** Fees in June down
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Profit warnings and take-privates

LIVE MARKETS-Profit warnings and take-privates 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 PROFIT WARNINGS AND TAKE PRIVATES For the first time in a few days, there is no major political news for European stocks to digest. The big picture story is back to being about the U.S.
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