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ReutersKering shares slump after luxury company warns of H1 operating profit drop
Kering's shares slumped on Wednesday, after the French luxury goods company warned it expected a 40% to 45% plunge in first-half operating profit. Kering shares were down 8.5 percent in early session trading, dragging down slightly the shares of its French rivals LVMH and Hermes. Late on Tuesday, Kering warned of the likely drop in first-half operating profit as it also reported that first-quarter sales had declined as wealthy shoppers curbed spending on products from its star label Gucci.
- Thomson Reuters StreetEvents
Q1 2024 Option Care Health Inc Earnings Call
Q1 2024 Option Care Health Inc Earnings Call
- Sky video
NATO target for defence spending should rise due to 'more dangerous world', Grant Shapps says
Defence Secretary Grant Shapps has said he wants the new NATO target for defence spending to increase from the current 2% of gross domestic product to 2.5%.
- Evening Standard
FTSE 100 Live 24 April: Lloyds profits slip; blue-chips at record levels again
The rejuvenated FTSE 100 index touched a new record today in a session when the focus turned to UK banking stocks. Lloyds Banking Group kicked off the sector’s reporting season by posting a 28% fall in first quarter profits alongside unchanged full-year guidance. Other companies in the spotlight today included Reckitt Benckiser, Jet2 and the Carex business PZ Cussons.
- Cover Media
Kim Kardashian loses over 100k followers after Taylor Swift's diss track
Swift's new song, "thanK you aIMee," was released on 'The Tortured Poets Department: The Anthology'. Swifties were quick to point out that the capitalized letters in the song title spell the word "KIM". The track "is about a 'bronze, spray-tanned' high school bully," according to 'Page Six'. "All that time you were throwin' punches, I was buildin' somethin' / And I can't forgive the way you made me feel... Screamed, 'F--- you, Aimee' to the night sky as the blood was gushin' / But I can't forget the way you made me heal.", Taylor Swift, via "thanK you aIMee".
- Evening Standard
Lloyds Bank says house prices to rise and mortgage rates to fall
Britain’s biggest bank predicts three rate cuts this year
- Investor's Business Daily
Dow Jones Futures: Market Rallies, Tesla Soars As Elon Musk Touts 'Affordable' EV, Robotaxi
The rally attempt is gaining steam. Tesla soared as Elon Musk said "affordable" EVs will come in 2025 and touted robotaxis.
- Evening Standard
Two teenage Premier League footballers arrested over rape claim
A club spokesman said the team will not be making further comment at this stage
- Evening Standard
London travel news LIVE: Waterloo trains cancelled after person hit by train between Richmond and Teddington
Emergency services are responding to reports a person has been struck by a train between Kingston and Teddington. National Rail says the following services are affected: Waterloo to Teddington via Richmond; Waterloo to Strawberry Hill via Kingston, and Waterloo to Shepperton services. The Jubilee line has returned to running a good service.
- Elle
'TTPD' Isn’t Just Taylor’s Version Of A Burn Book – It’s A Lesson In Uncensored Sadness
Taylor Swift's 11th studio album 'The Tortured Poet's Department' is removing the taboo around insecurity, despair and resentment.
- Evening Standard
Manchester United XI vs Sheffield United: Confirmed team news, predicted lineup, injury latest today
Several doubts being assessed ahead of midweek match
- Deadline
Jane Campion To Receive Locarno’s Honorary Pardo d’Onore Manor Award
Jane Campion will be heading to Switzerland this summer to receive an honorary award at the 77th edition of the Locarno Film Festival, running from August 7 to 17. The director will be presented with the festival’s Pardo d’Onore Manor Award for outstanding achievement in cinema in a ceremony at its landmark Piazza Grande open-air …
- Reuters
Forint wobbles boost euro's appeal among German investors in Hungary
The volatility of the forint has boosted support for introducing the euro among German investors in Hungary to its highest level in 13 years, a survey by the German-Hungarian Chamber of Industry and Commerce showed on Wednesday. Prime Minister Viktor Orban's government has no target date to adopt the euro and his cabinet has ruled out joining the single currency before Hungarian living standards rise closer to average levels of the European Union it joined two decades ago. The National Bank of Hungary, which cut its base rate by 50 basis points to 7.75% on Tuesday, recently warned that Hungary skirted a currency crisis in late-2022, when falls in the forint forced the bank into emergency rate hikes.
- The Independent
Arsenal vs Chelsea LIVE: Premier League result and reaction as Gunners’ run riot after White and Havertz goals
Arsenal 5-0 Chelsea: Kai Havertz and Ben White both scored twice as the Gunners go three points clear at the top of the table
- The Canadian Press
Stock market today: Asian shares track Wall Streets rally, led by a 2.4% jump in Tokyo
HONG KONG (AP) — Asian shares have tracked Wall Street’s rally, led by a 2.4% advance for Tokyo’s benchmark Nikkei 225 index powered by strong gains for semiconductor makers. U.S. futures rose while oil prices edged higher. Japan’s benchmark Nikkei 225 gained more than 900 points to close at 38,460.08, its highest level in a month. Shares in computer chip company Renesas Electronics Corp. jumped 10.5%, while rival Tokyo Electronic surged 7.1%. Investors are watching to see how Japan's central ba
- The Independent
Asylum seekers on the Bibby Stockholm barge describe ‘prison-like conditions’
Sister of Albanian asylum seeker who died on the Bibby Stockholm calls for independent inquiry into his death
- The Independent
Israel Gaza - live: Israeli airstrike kills Rafah family as US approves £21bn in aid package
Bipartisan super-majority comes together to approve £76bn in aid for Ukraine, Israel, and Taiwan
- Reuters
FTSE 100 extends record run on earnings optimism
The blue-chip FTSE 100 was up 0.4%, as of 0721 GMT. The benchmark was also on track for its sixth consecutive session of gains, what would be its first such winning streak since August 2023. Reckitt Benckiser jumped 4% after its quarterly like-for-like sales growth beat estimates and the consumer goods group said it was on track to meet full-year revenue and profit targets.
- The Independent
Former Labour minister Frank Field dies aged 81 after cancer battle
Frank Field was director of the Child Poverty Action Group between 1969 and 1979, and the Member of Parliament for Birkenhead between 1979 and 2019
- Evening Standard
Liverpool XI vs Everton: Confirmed team news, predicted lineup, injury latest for Merseyside derby today
Mohamed Salah leading stars hoping for a recall