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Top related persons:
Spencer - 1 Ian Lance - 1 Stuart Machin - 1 Dylan Martinez - 1 Peel Hunt - 1 James Davey - 1 Kate Holton - 1 Mark Potter - 1
Top related locs:
British Redwheel Marks Spencer Hempstead Valley Gillingham Britain
Top related orgs:
S's - 1 REUTERS - 1 Revenue - 1 Peel - 1 Thomson - 1

Search resuls for: "Redwheel"


3 mentions found


☆ M&S shares soar as first-half profit smashes forecasts
  + stars: | 2023-11-08 | by ( James Davey | ) www.reuters.com   time to read: +3 min
SummaryCompanies First-half profit up 75%Cautions second half won't be as strongDividend restoredShares up 10%LONDON, Nov 8 (Reuters) - Marks & Spencer (M&S) expects full-year profit to leap more than 30% after an overhaul of its food, fashion and supply chain helped the British retailer smash first-half forecasts, sending its shares soaring on Wednesday. First-half profit jumped 75%, the dividend was reinstated as promised, and the company said shoppers were already snapping up its Christmas ranges. It now expects analysts' consensus forecast for annual profit to rise to 640 million pounds ($785 million) from 575 million pounds currently, versus 482 million pounds in 2022/23. M&S reported profit of 360.2 million pounds for the six months to Sept. 30, versus analysts' average forecast of 276 million. As flagged in May, M&S restored its dividend with a 1 pence interim payout, its first since 2019/20.
Persons: Spencer, Ian Lance, Stuart Machin, Dylan Martinez, Peel Hunt, James Davey, Kate Holton, Mark Potter Organizations: S's, Reuters, REUTERS, Revenue, Peel, Thomson Locations: British, Redwheel, Marks, Spencer, Hempstead Valley, Gillingham, Britain
☆ Europe's luxury stocks have room to rise, but becoming costly
  + stars: | 2023-01-31 | by ( Lucy Raitano | ) www.reuters.com   time to read: +5 min
REUTERS/Sarah Meyssonnier/FilesLONDON, Jan 31 (Reuters) - Europe's glittering luxury companies, the region's top stock-market performers in 2023, may see yet more gains driven by a rebound in Chinese spending, but for some the sector is starting to look expensive. An index of European luxury goods retailers (.dMIEU0TA00PUS) has rallied around 18% so far this year, outperforming the wider pan-European STOXX 600 (.STOXX), which is up 6.2% in the same time frame. But the fact that luxury goods companies are not as cheap as they once were is a "concern/point of attention", said Kasper Elmgreen, Head of Equities at Amundi, Europe's largest asset manager. Jelena Sokolova, senior equity analyst at Morningstar, said that China reopening is the key issue for European luxury stocks this year, and is already at least 50% priced in. These shares have more room to run higher as Chinese consumers hit the shops again and luxury companies flex their pricing power.
☆ Gold Fields target Yamana catches eyes of Agnico Eagle, Pan American
  + stars: | 2022-11-04 | by ( Helen Reid Mrinalika Roy | Helen Reid | Mrinalika Roy | ) www.reuters.com   time to read: +3 min
SummarySummary Companies Agnico Eagle, Pan American bid values Yamana around $4.8 blnGold Fields says it will continue working towards takeoverYamana shares jump 16%Nov 4 (Reuters) - Agnico Eagle Mines Ltd (AEM.TO) and Pan American Silver Corp (PAAS.TO) swooped in with a joint bid for Yamana Gold (YRI.TO) on Friday, in an attempt to scupper Gold Fields' (GFIJ.J) planned acquisition of the Canada-listed gold miner. The cash and stock offer, valuing Yamana at around $4.8 billion, would see Agnico and Pan American split Yamana's mines between them. Yamana shareholders would receive $1.0406 in cash, 0.0376 of an Agnico Share and 0.1598 of a Pan American Share for each share held. South Africa's Gold Fields had agreed to take over Yamana in an all-stock deal valuing it at $6.7 billion in May. Gold Fields will update the market on the status of its bid after the weekend, a company spokesman said.
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