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LVMH EARNINGS REPORT
US luxury spending falls for third month as wealthy shoppers turn cautious ahead of midtermsUS credit card spending on luxury brands fell by 6% from a year earlier in September. This marked the third consecutive monthly decline lea...- Rihanna launched Fenty Beauty in 2017 with an estimated 50% stake; 4 years later, Forbes valued the cosmetics company at $2.8 billionRihanna’s Fenty Beauty journey therefore represents more than a remarkable celebrity wealth milestone. It is a case study in how ownership,...
- Ralph Lauren shares jump 7% as shoppers in Asia, North America drive revenue beatRalph Lauren's first-quarter financial performance surpassed expectations, showcasing a robust demand driven by younger consumers across va...
- Global Market: European stocks trade flat as tech selloff offsets earnings boost from consumer, luxury firmsEuropean stock markets remained relatively stable despite a notable dip in technology shares. The positive earnings reported from the consu...
- A $100 question and all you need to know about markets for next weekGlobal markets face a pivotal week as the Federal Reserve, Bank of Japan and Bank of England meet against the backdrop of the Middle East c...
- Global Market: ASML's AI-fuelled rally raises prospects of becoming Europe's first trillion-dollar companyThe artificial intelligence boom has propelled Dutch chip equipment maker ASML to become Europe's most valuable listed technology company, ...
- European shares pause after two-day rally; ASML bucks weaknessEuropean shares took a breather on Wednesday after two consecutive days of gains as investors parsed through a string of earnings updates a...
- European shares rise after Trump touts auto-related tariff break, LVMH slumpsThe auto and parts index rose 2.5%, leading gains among sectors, after U.S. President Donald Trump said he was considering a modification t...
- European luxury companies' $240 billion rout is just the beginningOnce seen as Europe's answer to the US "Magnificent Seven" tech megacaps, shares in companies producing high-end clothing, handbags and jew...
- European stocks open lower on disappointing earningsEuropean markets fell Wednesday after mixed earnings. FTSE 100 dropped 0.4%, CAC 40 lost 1.2%, DAX down 0.8%. Wall Street closed lower Tues...
- European shares rise on upbeat tech earnings, China c.bank aidEuropean shares opened sharply higher on Wednesday, boosted by technology stocks after software firm SAP and chip-making equipment maker AS...
- Bernard Arnault loses spot as world’s second-richest person to Jeff BezosArnault is founder and chief executive officer of LVMH, the French luxury powerhouse that includes brands such as Louis Vuitton and Moet & ...
- LVMH shares fall as second-quarter sales fail to impressShares in LVMH fell by 3.7% in early trading on Wednesday after the report of in-line sales growth in the second quarter. Analysts believe ...
- Inflation angst keeps European stocks under pressureInvestor worries over rising interest rates in response to galloping inflation have roiled global markets.
- European shares drop on hawkish Fed; LVMH shinesThe pan-European STOXX 600 fell 0.8 per cent, on course for its fourth straight weekly decline, with autos and chemical stocks leading loss...
- Reckitt cost warning, China woes drag European shares lowerWorries about tighter regulation of China's heavyweight technology sector fuelled a selloff in global markets this week despite optimism ab...
- European shares rise as upbeat earnings blunt virus fearsWith European third-quarter earnings set to recover from a pandemic-led slump, health technology company Philips rose 3.2% as it reported a...
- European shares edge higher, luxury stocks hit by weak resultsThe pan-European STOXX 600 rose 0.3% by 0719 GMT, while the German DAX gained 0.5% and London's FTSE 100 was up 0.6%.
- Luxury stocks sparkle in tepid European trading as US-China trade talks loomBritain's FTSE 100 jumped 0.9 per cent thanks to a weaker pound boosting London-listed multinational exporters.
- Birkin bag maker Hermes International SCA overtakes France's second biggest bank Societe Generale SA by market valueHermes, maker of Birkin bags and the best performer this year in France's SBF-120 Index, has overtaken Societe Generale SA by market value.
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