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☆ Beyond ASML: Goldman reveals its refreshed list of top European stocks — giving one 50% upside
▼ + stars: | 2024-11-07 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

ASML's net bookings for the third quarter were 2.6 billion euros ($2.79 billion), below the 5.6 billion euros penciled in by Wall Street analysts. ASML expects net sales for 2025 to come in at the lower of half of the 30 billion euros and 35 billion euros range it previously predicted. Coca-Cola HBC Goldman is betting on Coca-Cola HBC, also known as CCH, given its solid top-lines and strong margin uplift. This phenomenon — coupled with an improving product pipeline across brands — has pushed analyst Richard Edwards to an "above consensus view" on JD's LFL (like-for-like) sales growth. Edwards also expects space expansion and acquisitions to contribute to an average 10% sales growth from 2025 to 2027, above the consensus average of 7%.

Persons: ASML, Goldman Sachs, Goldman, Cola HBC Goldman, Olivier Nicolai, Richard Edwards, Edwards, — CNBC's Michael Bloom Organizations: Wall Street, ASML, Heineken, Philips, Cola HBC, Hellenic Bottling Company, JD Sports, Coca, CCH, London Stock Exchange, — Locations: U.S, British

☆ Saks Fifth Avenue parent HBC to purchase Neiman Marcus Group in a $2.65 billion deal
▼ + stars: | 2024-07-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSaks Fifth Avenue parent HBC to purchase Neiman Marcus Group in a $2.65 billion dealStorch Advisors CEO Jerry Storch joins 'Money Movers' to discuss Saks parent company's decision to buy Neiman Marcus, luxury retail's pandemic comparisons to today, and much more.

Persons: Jerry Storch, Neiman Organizations: Saks, HBC, Neiman Marcus, Storch

☆ Saks Fifth Avenue is buying Neiman Marcus with Amazon’s help
▼ + stars: | 2024-07-05 | by ( Nathaniel Meyersohn | Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Saks Fifth Avenue and Neiman Marcus are merging to create a luxury department store empire. “We’re thrilled to take this step in bringing together these iconic luxury names, Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman,” said HBC CEO Richard Baker in a release. Saks has 39 stores, while Neiman Marcus, which filed for bankruptcy in 2020, has 36 stores. Neiman Marcus also owns Bergdorf Goodman. Both of them will report to Baker, who becomes the executive chairman of Saks Global.

Persons: New York CNN —, Neiman Marcus, Bergdorf Goodman, “ We’re, ”, Richard Baker, Marc Metrick, Ian Putnam, Baker, Louis Vuitton, Michael Kors, ” Neil Saunders, “, Amazon, Saunders Organizations: New, New York CNN, New York CNN — Saks Fifth, Saks, HBC, Saks Fifth, Saks Global, HBC Properties, Canadian, Brands, Neiman, Capri, GlobalData, Federal Trade Commission, FTC Locations: New York, Hudson’s, Glendale , California, Columbus , Ohio

☆ CNBC Daily Open: UK Labour landslide election victory
▼ + stars: | 2024-07-05 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. UK Labour wins landslide victoryThe center-left Labour Party has won a landslide victory, ending 14 years of Conservative rule. Samsung shares climbed 2.84%, hitting their highest level since January 2021. Here are Evercore ISI's best stock ideas for the second half.

Persons: Keir Starmer's, Tony Blair's, Rishi Sunak, Brexiteer Nigel Farage, jeopardizing, Korea's Kospi, nonfarm payrolls, Saks, Neiman Marcus, Bergdorf Goodman Organizations: New York Stock Exchange, CNBC, Labour, Labour Party, Conservative, Keir Starmer's Labour, Party, Nikkei, Samsung, Samsung Electronics, CSI, S3 Partners, Saks Fifth, HBC, Saks, ISI Locations: May's

☆ Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group in $2.65 billion deal
▼ + stars: | 2024-07-04 | by ( Alex Harring | ) www.cnbc.com time to read: +1 min

Saks Fifth Avenue parent HBC said on Thursday it will acquire Neiman Marcus Group in a $2.65 billion deal combining the storied retailers. The combination will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus' namesake department store chain and Bergdorf Goodman. "We're thrilled to take this step in bringing together these iconic luxury names," HBC CEO Richard Baker. "This is an exciting time in luxury retail," Baker added, citing technological advancements that can "redefine" the customer experience. Neiman Marcus Group CEO Geoffroy van Raemdonck called the partnership a "proactive choice in an evolving retail landscape."

Persons: Neiman Marcus, Bergdorf Goodman, We're, Richard Baker, Baker, Marc Metrick, Ian Putnam, Geoffroy van Raemdonck, what's Organizations: Saks Fifth, HBC, Saks Global, Saks, HBC Properties, Investments, Neiman

☆ Retailers like Peloton and Saks keep paying vendors late, signaling possible 'financial distress'
▼ + stars: | 2024-04-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +13 min

To be sure, late payments don't always signal financial troubles. Creditsafe spokesperson Ragini Bhalla said payment data is only one factor the firm considers when assessing a company's financial health. Though the data "doesn't represent a company's total trading behavior, analysis has proven that it is hugely predictive of a company's financial health and creditworthiness," Bhalla said. "When the number of late payments increases like this, it's often indicative of financial challenges and poor cash flow forecasting," Creditsafe said. While Saks often made late payments last year, its on-time payments have dropped significantly since October 2023, the firm said.

Persons: Saul Loeb, Perry Mandarino, Mandarino, Creditsafe, Ragini Bhalla, Bhalla, Barry McCarthy, Simeon Siegel, Siegel, he's, Peloton's DPO, Marc Metrick, Metrick, Mark Still, Stewart Glendinning, Tim Baxter Organizations: Saks, Washington , D.C, AFP, Getty, Bed, RadioShack, CNBC, Retailers, Body, Body Works, Riley Securities, BMO Capital Markets, Business of Fashion, HBC, Express, Street, Creditsafe, Economic Security, IRS, New York Stock Exchange, Bath Locations: Washington ,, Express, Creditsafe, U.S

☆ Saks and Neiman Marcus are better together
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

The signage outside the Neiman Marcus store is seen during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 19, 2020. REUTERS/Jeenah Moon Acquire Licensing RightsNEW YORK, Dec 1 (Reuters Breakingviews) - Saks Fifth Avenue and Neiman Marcus might be headed down the aisle. The two luxury retailers are in talks to merge, according to the Wall Street Journal on Friday. By joining forces, Saks and Neiman would have more power negotiating with vendors and ability to control costs. Saks and Neiman are destined to match up.

Persons: Marcus, Neiman Marcus, Neiman, Jennifer Saba, Robert Cyran, Aditya Sriwatsav Organizations: REUTERS, Reuters, Saks Fifth, Wall, Saks, HBC, Dallas, Ares Management, Plan Investment Board, Bain, Neiman, X, Barclays, Thomson Locations: New York City, U.S, Canada

☆ Coca Cola HBC withdraws some drinks in Croatia while illnesses investigated
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Arnd Wiegmann/File photo Acquire Licensing RightsZAGREB, Nov 8 (Reuters) - Coca Cola HBC said on Wednesday it was temporarily withdrawing batches of two soft drinks from sale in Croatia while the authorities there investigate cases of illness suspected to have been caused by the beverages. Earlier Croatia's state inspection office ordered the local arm of Coca Cola HBC, which distributes Coca-Cola products, to withdraw a batch of Coca-Cola Original Taste 500ml. At the weekend, a young man in the Adriatic town of Rijeka suffered throat injuries after consuming a Romerquelle Emotion drink. The individual is being treated in hospital, Health Minister Vili Beros said on Wednesday, later telling state television HRT that 13 other people across Croatia had also reported symptoms after consuming Coca Cola drinks. Coca Cola HBC said in its statement: "We are working closely with our customers throughout this process".

Persons: Arnd, Vili Beros, Antonio Bronic, Daria Sito, Mark Potter Organizations: REUTERS, Rights, Coca Cola HBC, Health, HRT, Thomson Locations: Glattbrugg, Switzerland, Rights ZAGREB, Croatia, Adriatic, Rijeka

☆ Bottler Coca-Cola HBC beats profit estimates, lifts sales outlook
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

Bottles of Coca-Cola are seen at a Carrefour Hypermarket store in Montreuil, near Paris, France, February 5, 2018. REUTERS/Regis Duvignau/File PhotoAug 9 (Reuters) - Bottler Coca-Cola HBC (CCH.L) beat half-year profit expectations and lifted its annual revenue target on Wednesday, supported by strong sales and higher prices of its drinks. Organic net sales revenue per case expanded by 19.0%, beating analysts' forecast of 17.4% in a poll compiled by the company. It still expects the negative impact from foreign currency exchange on the group's comparable operating profit to be between 50 million and 60 million euros ($55 million and $66 million) this year. HBC reported a comparable operating profit of 560.7 million euros for the six months through June, up 21.2% from a year earlier.

Persons: Regis, Zoran Bogdanovic, Radhika Anilkumar, Milla Nissi Organizations: Carrefour, REUTERS, Cola HBC, HBC, Analysts, Thomson Locations: Montreuil, Paris, France, Switzerland, Nigeria, Bengaluru

The STOXX 600 (.STOXX) rose 0.1% by 1615 GMT, turning positive midway through the session after data showed the U.S. economy added the fewest jobs in 2-1/2 years in June. However, persistently strong U.S. wage growth pointed to still tight labour market conditions that cemented bets the Fed will resume raising interest rates, later this month. Traders stuck to bets the Fed will raise its benchmark interest rate this month to a 5.25%-5.5% range, but were sceptical of further hikes beyond that. The STOXX 600 fell 3.1% for the week, its worst performance since mid-March. Comments from European Central Bank President Christine Lagarde will be monitored later in the day.

Persons: Candice Tse, Christine Lagarde, Matteo Allievi, Shubham Batra, Shreyashi Sanyal, Ankika Biswas, Janane Venkatraman, Shinjini Ganguli, Barbara Lewis Organizations: Federal, Traders, Goldman Sachs Asset Management, Reuters, Coca Cola HBC AG, European Central Bank, Thomson Locations: U.S, China, Gdansk, Bangalore

☆ London stocks decline at open as rate hike fears persist
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

By 0712 GMT, the blue-chip FTSE 100 (.FTSE) lost 0.6%, while the more domestically-focussed FTSE 250 midcap index (.FTMC) fell 0.3%. Coca Cola HBC AG (CCH.L) jumped 3.6% after the bottler raised its 2023 profit expectation. The pharmaceuticals and biotech (.FTNMX201030) and utilities (.FTUB6510) sectors were amongst the top losers, down 1.1% and 0.9%, respectively. A key reading of U.S. jobs data due later in the day will be eyed to gauge the Federal Reserve's monetary tightening plans after the central bank kept rates steady in its previous decision. Reporting by Shashwat Chauhan in Bengaluru; editing by Eileen SorengOur Standards: The Thomson Reuters Trust Principles.

Persons: Jefferies, Shashwat Chauhan, Eileen Soreng Organizations: Federal Reserve, Coca Cola HBC, Coca Cola HBC AG, Federal, Thomson Locations: Bengaluru

☆ Slowdown, recession or boom? Bank of America reveals the global stocks to play each eventuality
▼ + stars: | 2023-05-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

The investment bank screened for stocks based on their ability to withstand fluctuations in a slowdown, recession, and boom. "Historically, the 'Recession' phase is the typical successor of the 'Slowdown' phase, but a 'Boom' phase has also followed 'Slowdown' in the past." Under this scenario, Bank of America screened for stocks that are "high quality, [large] size, growth-over-value, rising momentum and low risk". For this scenario, Bank of America looked for stocks it defined as high quality, large, value-over-growth, and low risk. For this eventuality, the Wall Street bank identified stocks it considers value-over-growth, rising momentum, high risk, small market cap, and low quality.

While the Fed is widely expected to raise rates by 25 basis points at its policy rate announcement at 1800 GMT, the hopes of a pause in increases have grown after a banking crisis that has threatened to hurt economic growth. Lloyds Banking Group (LLOY.L) edged down 0.8% despite beating quarterly profit estimates, as the bellwether lender echoed rivals in maintaining its full-year forecasts. However, energy stocks (.FTNMX601010) were a drag, down 1.2%, tracking weakness in crude prices. Haleon (HLN.L) lost 3.8% as the world's biggest standalone consumer health business reported first-quarter profit below analyst expectations. Luxury carmaker Aston Martin Lagonda (AML.L) lost 2.2% after it reported a narrower quarterly pre-tax loss and maintained its 2023 outlook.

☆ Tonic maker Fevertree to raise prices as glass costs soar
▼ + stars: | 2023-03-22 | by ( Radhika Anilkumar | ) www.reuters.com time to read: +2 min

Fevertree, which sells most of its upmarket mixers in glass bottles, warned in January its profits this year would be hit by an estimated 20 million pound ($25 million) increase in glass production costs. The London-based company, which supplies to about 85 countries, did not say by how much it would raise prices, nor give details of its U.S. production plans. Fevertree, founded in 2003, said it was working with glass suppliers to mitigate costs wherever possible. Coca-Cola HBC AG (CCH.L), one of Coca-Cola's many bottlers worldwide, said in February it would also increase prices to tackle rising costs. Fevertree reported a 37% fall in adjusted core profit to 39.7 million pounds for the year ended Dec. 31, in line with its guidance.

☆ London's FTSE 100 muted as bank stocks fall; weaker pound limits losses
▼ + stars: | 2023-02-15 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +2 min

The blue-chip FTSE 100 (.FTSE) fell 0.1%, hovering near a record high. British lender Barclays (BARC.L) slid 8.3% to the bottom of the FTSE 100 and was set to post its biggest drop in nearly a year after reporting a 14% slump in full-year profit. The FTSE 350 banking index (.FTNMX301010) fell 1.9%, on track for its biggest one-day drop in more than two months. The pound edged lower after data showed British consumer price inflation fell more than expected in January and there were also drops in underlying measures of inflation that are being closely watched by the Bank of England. The FTSE 100 has had a stellar start to the year boosted by upbeat corporate earnings, rising more than 6% so far this year.

SummarySummary Companies Sees FY profit between 860 mln euros-900 mln eurosSees consumer demand suppression in Q4, 2023Shares rise 4%Nov 8 (Reuters) - Coca-Cola HBC AG (CCH.L) raised its full-year profit forecast on Tuesday, as the soft drinks bottler benefited from resilient demand and said price rises and promotions would protect profits. Inflation at multi-year highs has pinched household budgets and forced consumers to cut their spending, but Coca-Cola is among the packaged food makers enjoying steady demand. Chief Executive Zoran Bogdanovic said trading in the fourth quarter and 2023 "might get harder because of consumer demand suppression," but added the company planned to overcome it with pricing and promotional plans. Chief Executive Zoran Bogdanovic told Reuters its factories in Russia had reduced operations and it had cut jobs in double digits. HBC raised its expectations for comparable operating profit to between 860 million euros and 900 million euros ($860.43 million and $900.45 million) for 2022, compared with an earlier forecast of between 740 million euros and 820 million euros.

☆ Fries shortage resolved, successor to McDonald's in Russia eyes full reopening
▼ + stars: | 2022-09-20 | by ( Alexander Marrow | ) www.reuters.com time to read: +2 min

Oleg Paroev, CEO of Vkusno & tochka, or "Tasty and that's it", painted a positive picture of the company's first 100 days, but withheld specific details on sales, revenue, new products and import markets. The bumpy transition illustrates as Western companies have had trouble making a seamless exit from Russia, so too have new owners faced challenges when snapping up available assets. He added that potato supply had now been resolved, declining to say which countries now send potatoes to Russia. Since Sept. 16, Vkusno & tochka has been serving cola on tap, now offering Dobry Cola, after Coca-Cola (KO.N) depleted its stock. Bottler Coca Cola HBC AG (CCH.L), which is producing Dobry Cola, said it has no connection with the Coca-Cola Co.

A view shows a shelf with bottles of Pepsi at a grocery store in Moscow, Russia September 9, 2022. The continued production means sodas are still widely available in Moscow and also in Vladivostok in the far east and Krasnoyarsk in Siberia, according to a review by Reuters. The West has not sanctioned food and drink as part of sweeping measures aimed at punishing Russia over its actions in Ukraine. Earlier in the summer, shops in the capital were still selling off stockpiles of foreign beers, months after the brewers said they would halt production. read moreAtlanta-based rival Coca-Cola Co's (KO.N) production in Russia also continued after it said in March it would suspend operations.

☆ Coca-Cola и Nemiroff стали партнерами в Молдове
▼ + stars: | 2021-07-02 | by ( Super User | ) mybusiness.md time to read: +2 min

Начиная с июля, Coca-Cola HBC будет нести ответственность за распространение продукции Nemiroff как внутри, так и за пределами Молдовы. И теперь мы рады продолжить развитие в Молдове вместе с таким сильным и опытным партнером, как Coca-Cola HBC. Ранее в этом году Nemiroff и Coca-Cola HBC начали сотрудничество в Италии и странах Балтии. Водка Nemiroff была названа чемпионом по водочным брендам 2021 года в отчете The Brand Champions 2021, в котором анализируются мировые торговые марки спиртных напитков с миллионными оборотами. Компания является крупнейшим в Украине производителем и экспортером спиртных напитков.

Persons: Юрий Сорочинский Organizations: HBC Nemiroff, Cola HBC, ЛП, Минск Кристалл, ООО «Объединенные пензенские водочные заводы Locations: Молдова, Италия, Балтия, Немирове, Винницкая область, Украина, Восточная Европа, Индия, Ближний Восток

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