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Search resuls for: "Karen Gilchrist Jenni Reid Holly Ellyatt"


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☆ European markets close slightly higher; Richemont up 5.3%
  + stars: | 2024-05-20 | by ( Karen Gilchrist Jenni Reid Holly Ellyatt | Karen Gilchrist | Jenni Reid | ) www.cnbc.com   time to read: +1 min
The Chinese-founded fast-fashion giant is reported to have turned its attention to the LSE after facing regulatory and political challenges over a potential initial public offering in New York. U.S. lawmakers have raised several concerns about Shein, including over the transparency of its supply chain. The LSE has struggled to court high-growth companies in recent years compared with markets in Asia and the U.S., and has recently lost significant players including travel group TUI and cybersecurity firm Darktrace. However, British computing startup Raspberry Pi last week said it plans to list in London. CNBC has contacted Shein for comment.
Persons: Lord Dominic Johnson, Johnson, Shein, — Jenni Reid Organizations: London Stock Exchange, Department for Business Trade, CNBC, LSE, New York . Locations: New York, New York . U.S, Asia, U.S, London
☆ Europe stocks close lower after U.S. inflation beat; M&S down 4%
  + stars: | 2024-01-11 | by ( Karen Gilchrist Jenni Reid Holly Ellyatt | Karen Gilchrist | Jenni Reid | ) www.cnbc.com   time to read: +1 min
European markets closed lower Thursday after U.S. inflation came in above expectations. After a choppy session, the regional Stoxx 600 index finished 0.77% lower, with all sectors in the red. December's U.S. inflation report showed an increase in consumer prices of 0.3% on the month and 3.4% year-on-year. "While the critical core inflation measure, which strips out volatile items such as food and energy, continues to ease from its highs, the downward trend in this measure also appears to have stalled. U.S. stocks also turned lower on Thursday morning as Wall Street digested the inflation data and the start of the fourth-quarter earnings season.
Persons: Spencer, Dow Jones, Matthew Ryan Organizations: Bank, Marks, Tesco, Investors, Federal Reserve, Nikkei Locations: U.S, Asia
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