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Top related persons:
Jose Sarmento Matos - 3 Brian Duffy - 2 WOSG - 1 — - 1 Duffy - 1 Investec - 1 Goldman Sachs - 1 JP Morgan - 1
Top related locs:
London U.S Switzerland Europe Italian
Top related orgs:
Bloomberg - 3 Getty - 3 Omega SA - 2 Switzerland Group - 2 Switzerland Group Plc's - 2 Rolex SA - 2 Bucherer AG - 2 Rolex - 2

Search resuls for: "Jose Sarmento Matos"


4 mentions found


☆ Watches of Switzerland shares plunge 30% after guidance cut
  + stars: | 2024-01-18 | by ( Elliot Smith | ) www.cnbc.com   time to read: +3 min
An employee arranges a display of Omega SA watches in the window of a Watches of Switzerland Group Plc store on Regent Street in London, UK, on Wednesday, Aug. 30, 2023. One of Watches of Switzerland Group Plc's biggest investors cut its stake in the UK-listed timepiece retailer less than 24 hours after Rolex SA decided to buy a rival, Bucherer AG. Photographer: Jose Sarmento Matos/Bloomberg via Getty ImagesWatches of Switzerland shares plummeted 30% on Thursday at 08:46 a.m. London time, after the luxury watch retailer cut its guidance for the 2024 fiscal year. Despite the market panic, analysts at both Jefferies and Investec reiterated their "buy" ratings on Watches of Switzerland stock in flash notes on Thursday. "However, the extent of the adjustments to the guidance range will be painful to navigate in the near term."
Persons: Jose Sarmento Matos, WOSG, —, Brian Duffy, Duffy, Investec Organizations: Omega SA, Switzerland Group, Switzerland Group Plc's, Rolex SA, Bucherer AG, Bloomberg, Getty, Switzerland, U.S, Rolex, Jefferies Locations: London, U.S, Switzerland
☆ Watches of Switzerland shares up 9.7% as retailer reiterates plan to double profit by 2028
  + stars: | 2023-11-07 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
An employee arranges a display of Omega SA watches in the window of a Watches of Switzerland Group Plc store on Regent Street in London, UK, on Wednesday, Aug. 30, 2023. One of Watches of Switzerland Group Plc's biggest investors cut its stake in the UK-listed timepiece retailer less than 24 hours after Rolex SA decided to buy a rival, Bucherer AG. The firm on Tuesday reported a tick up in revenue to £379 million ($467 million) from £374 million in the most recent quarter. Sales of watches rose, while jewellery declined. The stock took a particular hit in August, after rival Rolex announced a deal to buy watch retailer Bucherer, fueling fears of an industry juggernaut taking more market share.
Persons: Jose Sarmento Matos, Brian Duffy Organizations: Omega SA, Switzerland Group, Switzerland Group Plc's, Rolex SA, Bucherer AG, Bloomberg, Getty, Investors, Rolex Locations: London, Switzerland, U.S, Europe
☆ UK economy shrinks at fastest pace in seven months, hit by strikes and wet weather
  + stars: | 2023-09-13 | by ( Jenni Reid | ) www.cnbc.com   time to read: +1 min
The Office for National Statistics are due to release the latest UK CPI Inflation data on Wednesday. The economy put in a better-than-expected performance for the second quarter as a whole, with the ONS reiterating its reading of 0.2% growth. July's surprise dip meant the economy shrank at its fastest pace since December, according to ONS figures. On Tuesday, figures showed U.K. mortgages in arrears jumped to a seven-year high in the three months to June. Major investment banks trimmed their U.K. growth expectations following the reading.
Persons: Jose Sarmento Matos, Goldman Sachs, JP Morgan, James Smith, Paul Dales Organizations: National Statistics, Bloomberg, Getty, ING, Capital Economics Locations: Italian, London
☆ Economists and policymakers were fretting about a wage-price spiral. Not any more
  + stars: | 2023-04-21 | by ( Jenni Reid | ) www.cnbc.com   time to read: +8 min
The experts were worried about a so-called wage-price spiral. Businesses' revenues "have risen faster than costs, and so margins have room to absorb rising labor costs." "It's not that a wage-price spiral couldn't happen, but it's low on the list of concerns versus the factors we know are problematic," she said. A key mechanism that would fuel a wage-price spiral, workers' bargaining power, has been weakened because unions have less power than in the 1970s, Makszin added. "But if you let interest rates go down against inflation and in effect weaken, you have an inflation spiral.
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