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Assa Abloy, Kering, L'Oréal

EUROPE RESEARCH ROUNDUP-Assa Abloy, Kering, L'Oréal Oct 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Assa Abloy, Kering and L'Oréal, on Thursday. HIGHLIGHTS * Assa Abloy ASSAb.ST : Deutsche Bank raises target price to SEK 305 from SEK 300 * Barratt Redrow Plc BTRW.L : Morgan Stanley cuts target price to 580p from 600p * Dowlais Group Plc DWL.L : Citigroup raises to neutral from sell * Kering PRTP.PA : JP Morgan cuts target
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Beiersdorf up on 9-month sales growth, upbeat Q4 outlook

BUZZ-Beiersdorf up on 9-month sales growth, upbeat Q4 outlook ** Shares in Nivea maker Beiersdorf BEIG.DE rise 1.5% in early Frankfurt trade after the company reported 9-month sales growth, stayed upbeat on Q4 despite China weakness ** Analysts at J.P. Morgan point to the confirmation of 2024 guidance and "importantly" to management's expectations
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Beiersdorf optimistic on future despite China challenges

UPDATE 3-Beiersdorf optimistic on future despite China challenges Nine-month sales up 6.5% on North America recovery, skincare Expects strong Q4 Shares up 4% Confirms 2024 guidance Adds shares in paragraph 2, CEO 4,7,9 and analyst 13 By Elizaveta Gladun and Linda Pasquini Oct 24 (Reuters) - Nivea maker Beiersdorf BEIG.DE reported on Thursday a rise in group sales for the first nine months of 2024, and said it expected a strong fourth quarter, despite persisting challenges in the Chinese luxury m
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Asia Morning Call-Global Markets

UPDATE 1-Asia Morning Call-Global Markets Oct 24 (Reuters) - Stock Markets closing level) Net Chng Stock Markets Net Chng S&P/ASX 200** 8216 10.3 NZX 50** 12787.6 -25.55 DJIA 42514.95 -409.94 NIKKEI** 38104.86 -307.1 Nasdaq 18276.654 -296.475 FTSE** 8258.64 -47.9 S&P 500 5797.42 -53.78 Hang Seng** 20760.15 261.2 SPI 200 Fut 8229 -16 STI** 3600.78 13.37 SSEC** 3302.8028 16.9359 KOSPI** 2599.62 28.92 ---------------------------------------------------------------------------------------- Bonds Bon
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Asia Morning Call-Global Markets

Asia Morning Call-Global Markets Oct 24 (Reuters) - Stock Markets closing level) Net Chng Stock Markets Net Chng S&P/ASX 200** 8216 10.3 NZX 50** 12787.6 -25.55 DJIA 42429.08 -495.81 NIKKEI** 38104.86 -307.1 Nasdaq 18199.198 -373.931 FTSE** 8258.64 -47.9 S&P 500 5779.09 -72.11 Hang Seng** 20760.15 261.2 SPI 200 Fut 8219 -26 STI** 3600.78 13.37 SSEC** 3302.8028 16.9359 KOSPI** 2599.62 28.92 ---------------------------------------------------------------------------------------- Bonds Bonds JP 10
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STOXX 600 ends lower with earnings season in full swing

UPDATE 2-STOXX 600 ends lower with earnings season in full swing For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Deutsche Bank falls as loan loss provisions weigh Volvo Cars slides after cutting forecast on market slowdown Weak growth data raises questions about recovery, Lane says Thule tops STOXX 600 index as Q3 beats estimates Updated at 1604 GMT By Paolo Laudani, Ankika Biswas and Johann M Cherian Oct 23 (Reuters) - European shares
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L'Oreal shares slide after China dents quarterly sales

UPDATE 2-L'Oreal shares slide after China dents quarterly sales Shares have fallen more than a fifth this year Analysts say results worse than expected Competitor companies also face headwinds Recasts throughout, adds chart, peer company reporting dates, analyst comment By Dominique Patton PARIS, Oct 23 (Reuters) - L'Oreal's OREP.PA shares on Wednesday extended a deep sell-off after the cosmetics giant reported quarterly sales below expectations, citing reduced beauty products demand in China an
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Reckitt CEO: China business is 'thriving', sees double-digit growth there

Reckitt CEO: China business is 'thriving', sees double-digit growth there LONDON, Oct 23 (Reuters) - Reckitt Benckiser RKT.L CEO Kris Licht said on Wednesday the consumer goods company's business in China was "thriving", with double-digit growth there year on year. The comments contrast with some other companies such as L'Oreal OREP.PA which on Tuesday blamed worsening demand in the world's No.
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Beauty giants’ growth blemish needs an AI makeover

BREAKINGVIEWS-Beauty giants’ growth blemish needs an AI makeover The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Yawen Chen LONDON, Oct 23 (Reuters Breakingviews) - Artificial intelligence could soothe L’Oréal’s OREP.PA growth pains. Despite the French cosmetic and skincare giant’s annual marketing budget that hit 13 billion euros last year, sales only grew a disappointing 3.4% in the third quarter.
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Europe struggles for direction, earnings mixed

LIVE MARKETS-Europe struggles for direction, earnings mixed STOXX 600 flat Deutsche Bank, L'Oreal fall after earnings Wall St futures 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 EUROPE STRUGGLES FOR DIRECTION, EARNINGS MIXED European equities are mixed on Wednesday, after several corporate reports, with markets remaining on edge as the U.S.
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L'Oreal shares fall after its Q3 sales miss forecasts

L'Oreal shares fall after its Q3 sales miss forecasts PARIS, Oct 23 (Reuters) - L'Oreal's OREP.PA shares slid lower on Wednesday after third quarter sales figures from the French cosmetics giant missed expectations, as low consumer confidence in China sapped demand for beauty products. L'Oreal shares were down around 3 percent in early session trading.
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Oct 23 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. CARREFOUR CARR.PA : Food retailer Carrefour Brasil CRFB3.SA has agreed to sell 15 properties to a real estate fund for 725 million reais ($127.4 million), it said on Tuesday .
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L'Oreal CEO expects global beauty market to grow 4-5% in 2025

BRIEF-L'Oreal CEO expects global beauty market to grow 4-5% in 2025 Oct 22 (Reuters) - L'Oreal OREP.PA CEO Nicolas Hieronimus tell analysts in a call: WORSE THAN EXPECTED TURBULENCE IN NORTH ASIA DURING THIRD QUARTER, MARKETS TURNED MORE NEGATIVE IN BOTH LUXURY AND TRAVEL RETAIL EXPECTS GLOBAL BEAUTY MARKET IN 2025 TO GROW AT PRE-COVID LEVELS HAS ASKED TEAMS TO INCREASE QUALITY AND QUANTITY OF NEW LAUNCHES FOR NEXT YEAR SEES GROWTH IN 2025 OF 4-5% IN GLOBAL BEAUTY MARKET BOYCOTTS OF WESTERN BRAN
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L'Oreal third quarter sales disappoint as China spends less on beauty

UPDATE 2-L'Oreal third quarter sales disappoint as China spends less on beauty Results are even weaker than feared, analysts say China's reduced buying has hit sales across luxury sector Company aims for new launches to revive buying Adds analyst comments in paragraphs 3-5, CEO comment in paragraphs 9-10, 15-16 By Dominique Patton PARIS, Oct 22 (Reuters) - French cosmetics giant L'Oreal OREP.PA reported a rise in third quarter sales on Tuesday that missed expectations after low consumer confiden
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L'Oreal: In Mainland China, Beauty Market Continued To Deteriorate In Q3

BRIEF-L'Oreal: In Mainland China, Beauty Market Continued To Deteriorate In Q3 Oct 22 (Reuters) - L'Oreal SA OREP.PA : IN MAINLAND CHINA, BEAUTY MARKET - ALREADY NEGATIVE IN Q2 - CONTINUED TO DETERIORATE WE REMAIN CONFIDENT TO ACHIEVE ANOTHER YEAR OF GROWTH IN SALES AND OPERATING PROFIT AND ARE PREPARING OUR OWN BEAUTY STIMULUS PLAN FOR 2025 SALES
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L'Oreal reports 3.4% rise in third-quarter sales

L'Oreal reports 3.4% rise in third-quarter sales PARIS, Oct 22 (Reuters) - French cosmetics giant L'Oreal OREP.PA reported a rise in third quarter sales on Tuesday that missed expectations , as it became the latest European company to see weaker-than-expected demand in China. The company, which owns the Maybelline and Lancome brands, said sales for the three months to the end of September came to 10.28 billion euros ($11.11 billion), a 3.4% rise on a like-for-like basis at constant exchange rate
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Nestlé’s CEO needs to ride two horses at once

BREAKINGVIEWS-Nestlé’s CEO needs to ride two horses at once The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Oct 17 (Reuters Breakingviews) - Nestlé’s NESN.S new boss has some knotty problems. Third-quarter results showed flaky top line growth at the $260 billion food giant, and came with further cuts to guidance.
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Top of the Street: L'Oreal, Teleperformance, Irish banks, Informa

BUZZ-Top of the Street: L'Oreal, Teleperformance, Irish banks, Informa A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** J.P. Morgan cuts L'Oreal OREP.PA to "underweight" from "neutral", citing perceived risks to the French firm's growth expectations and premium rating ** Kepler Cheuvreux raises French telemarketer Teleperformance TEPRF.PA to "buy" from "hold", saying appointment of new chairman may speed up CEO transition, and deeming "sequential" improve
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LVMH shares hit by weak Q3 sales, dragging down luxury sector

UPDATE 2-LVMH shares hit by weak Q3 sales, dragging down luxury sector LVMH Q3 organic sales drop for first time since pandemic Fashion and leather goods business struggles in China Shares fall as much as 7%, erasing recent gains Adds further details from paragraph 6 PARIS, Oct 16 (Reuters) - Shares in LVMH LVMH.PA were on course for their biggest one-day drop in a year on Wednesday after the luxury bellwether missed third-quarter sales forecasts, dragging down the broader sector and erasing gai
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L'Oreal slumps to 9-mth lows as weakening beauty landscape poses risks to growth

BUZZ-L'Oreal slumps to 9-mth lows as weakening beauty landscape poses risks to growth ** Shares in beauty giant L'Oreal OREP.PA slump 4%, to their lowest price in 9 months, following a rating downgrade from J.P.Morgan and hurt also by a negative read-across from weak LVMH LVMH.PA Q3 figures ** "We see the company growth expectations and premium rat
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