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SummarySummary Companies Luxury stocks lift euro zone blue-chipsMining, energy stocks rise on higher commodity pricesFed's two-day meeting to start later in the dayMonte dei Paschi up as cash call 93% coveredNov 1 (Reuters) - European shares jumped on Tuesday, boosted by miners and luxury stocks, amid rising hopes that the U.S. Federal Reserve would slow down the pace of its interest rate hikes next month. The pan-European STOXX 600 index (.STOXX) rose 1.2% by 0905 GMT, kicking off November on a solid footing and hovering at their highest in more than six weeks. The EURO STOXX 50 index (.STOXX50E) gained 1.2% after luxury giants including LVMH (LVMH.PA), Kering (PRTP.PA), Hermes International (HRMS.PA) and Pernod Ricard (PERP.PA) jumped between 2.2% and 3.9%. Miners in Europe (.SXPP) leapt 3.0% while oil & gas stocks (.SXEP) added 1%, as prices of oil and industrial metals rose against declines in the dollar. ECB President Christine Lagarde said the central bank must keep raising interest rates to fight off inflation even if the probability of a euro zone recession has increased.
An employee mixes liquid fragrances in a bottle in a laboratory of Swiss flavours and fragrances maker Givaudan in the town of Duebendorf, Switzerland November 5, 2015. Group sales rose 6.1% on a like-for-like basis and 7.7% in Swiss francs, reaching 5.458 billion Swiss francs ($5.45 billion) in the first nine months of 2022. However, sales in the group's taste and wellbeing unit that makes flavours for food and drinks fell 2.8% in North America, implying an even stronger slowdown in the third quarter. Givaudan's shares, down almost 37% so far this year, were 6.4% lower at 0801 GMT. Givaudan confirmed its mid-term target of 4-5% average organic sales growth per year on a like-for-like basis.
Givaudan on track to offset higher input costs as sales rise
  + stars: | 2022-10-11 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Arnd WiegmannZURICH, Oct 11 (Reuters) - Swiss fragrance and flavour maker Givaudan (GIVN.S) said on Tuesday it was on track to implement price increases to offset higher input costs after like-for-like sales rose 6.1% in the first nine months of 2022. Sales were up 6.1% on a like-for-like basis and 7.7% in Swiss francs, reaching 5.458 billion Swiss francs ($5.45 billion) in the nine-month period, the Geneva-based company said. Register now for FREE unlimited access to Reuters.com RegisterSales in Givaudan's fragrance and beauty business rose 5.8% at 2.489 billion francs, helped by almost 15% higher fine fragrance sales, Givaudan said. Sales in its taste and wellbeing unit increased by 6.4% to 2.969 billion francs despite a hit from COVID-19 measures in China, the company said. Givaudan confirmed its mid-term target of 4-5% average organic sales growth per year on a like-for-like basis.
New Zealand has pledged to cut biogenic methane emissions by 10% on 2017 levels by 2030 and by up to 47% by 2050. Royal DSM's (DSMN.AS) Bovaer feed additive can reduce methane emissions by 30% in dairy cows and by more in beef cattle. Agricultural emissions account for around half of the country's greenhouse gas emissions. While pricing farm emissions is not universally popular, many believe it is the push farmers need to reduce them. For Fonterra, research also remains key as it aims to cap farm emissions at 2015 levels.
Правоохранители Франции в среду, 30 июня, арестовали женщину, которая во время велогонки «Тур де Франс» вышла на пелотон и спровоцировала столкновение велосипедистов. А заместитель директора «Тур де Франс» Пьер-Ив Туо говорил, что организаторы подадут против женщины иск: «Мы делаем это для того, чтобы небольшая группа людей, которые так поступают, не разрушала шоу для всех». Инцидент на «Тур де Франс» произошел 26 июня в 45 километрах от финиша на одном из пелотонов, который возглавлял немецкий велогонщик Тони Мартин из команды Jumbo-Vista. «Тур де Франс» — ежегодные шоссейные многодневные велогонки по дорогам Франции (части отдельных этапов или целые этапы иногда проводятся в других странах). Сейчас «Тур де Франс» — это престижное соревнование среди многодневных велогонок в профессиональном велоспорте.
Persons: Камил Миансони, Миансони, ПьерИв Туо, Тони Мартин, Мартин, Яша Зюттерлин Organizations: Тур де Франс Locations: Франция, Ландерно, Брест, Финистерре
Câștigătorul ediției din 2012 a cursei, Bradley Wiggins, a declarat că nu simte compasiune pentru fanul implicat. „Aceste lucruri fac parte integrantă din spectacolul Turului Franței”, a declarat el la Eurosport, adăugând că astfel de incidente se petrec frecvent, sunt spontane și nu pot fi prevenite. A fost unul dintre cele două accidente majore din timpul etapei. Al doilea a avut loc cu 8 kilometri înainte de final, printre cei implicați fiind cvadruplul campion Chris Froome și mulți alții. Julian Alaphilippe a atacat surprinzător pe ultimii metri și a câștigat prima etapă a cursei, preluând astfel tricoul galben.
Persons: Tony Martin, CNN ., Bradley Wiggins, Chris Froome, Julian Alaphilippe Organizations: CNN, DSM, Eurosport Locations: Franței
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