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UK wins fight against EU tax order, in setback for EU's Vestager

UPDATE 1-UK wins fight against EU tax order, in setback for EU's Vestager Adds background information throughout, court quote in paragraphs 5,6 By Foo Yun Chee BRUSSELS, Sept 19 (Reuters) - Britain won on Thursday its fight against an EU order to recover millions of euros from the London Stock Exchange LSEG.L , broadcaster ITV ITV.L and other multinationals, in a setback to EU regulators' crackdown on certain tax schemes.
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Campari can win back drinkers with marketing binge

BREAKINGVIEWS-Campari can win back drinkers with marketing binge The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Aimee Donnellan LONDON, Sept 18 (Reuters Breakingviews) - Campari CPRI.MI can recover from the hangover caused by the shock departure of its CEO. On Wednesday, the $10 billion maker of Aperol and Courvoisier cognac announced Matteo Fantacchiotti’s resignation for “personal reasons”.
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Campari CEO leaves after only five months as sector struggles

UPDATE 4-Campari CEO leaves after only five months as sector struggles Campari CEO quits just months after taking role Predecessor to chair "leadership transition committee" Shares fall further after weakness in recent months Recasts paragraphs 3-5, adds investor comment in paragraphs 11-14; adds chart By Valentina Za and Alberto Chiumento MILAN, Sept 18 (Reuters) - Campari CPRI.MI CEO Matteo Fantacchiotti abruptly quit on Wednesday after only five months in charge of the Italian spirits group,
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FTSE 100 gains on precious metals surge; rate cut bets surge

UPDATE 1-FTSE 100 gains on precious metals surge; rate cut bets surge For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.4%, FTSE 250 adds 1% Flutter Acquires 56% Stake In NSX Group For $350m UK public's inflation expectations fall to 3-year low Precious metal miners lead weekly gains Updated at 1600 GMT By Khushi Singh and Medha Singh Sept 13 (Reuters) - Precious metal mining stocks lifted London's blue-chip index on Friday a
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Campari plunges after CEO comments on weak quarter for sector

UPDATE 1-Campari plunges after CEO comments on weak quarter for sector Adds details MILAN, Sept 13 (Reuters) - Shares in Campari CPRI.MI fell nearly 6% on Friday with several traders and analysts citing comments by the Italian spirits group's chief executive, describing the current quarter as "s till quite soft" for the industry. Campari said that what Campari CEO Matteo Fantacchiotti told a virtual event organized by Bank of America concerned "the sector's general trends" in the United States,
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Campari plunges after CEO comments on "very soft" quarter for sector

Campari plunges after CEO comments on "very soft" quarter for sector MILANO, Sept 13 (Reuters) - Shares in Campari CPRI.MI fell more than 6% on Friday with traders citing comments by the Italian spirits group's chief executive at a conference about a "very soft" environment for the industry in the current quarter. Campari CEO Matteo Fantacchiotti spoke at a virtual event organized by Bank of America.
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FTSE 100 hits one-week high as US rate cut expectations boost sentiment

UPDATE 1-FTSE 100 hits one-week high as US rate cut expectations boost sentiment For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.6%, FTSE 250 adds 0.8% U.S. producer prices slightly above expectations ECB cuts interest rates as growth dwindles Trainline gains on upbeat annual outlook BofA Global Research upgrades Diageo; shares rise Precious metal miners at highest levels in over a month Updated at 1550 GMT By Khushi Singh
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Barclays weighs in on potential tariff risk for Europe if Trump wins

BUZZ-Barclays weighs in on potential tariff risk for Europe if Trump wins ** Barclays sees an up to high single-digit percent hit on European earnings if Donald Trump wins the U.S. presidential race and in the event of a full-blown trade war ** "A Trump win may raise concerns of a full-blown trade war," the British bank's strategists say in a note ** While the direct impact to potential U.S.
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Banco, Shell, WH Smith

EUROPE RESEARCH ROUNDUP-Banco, Shell, WH Smith Sept 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Banco, Shell and WH Smith on Thursday. HIGHLIGHTS * ABN Amro Bank NV ABNd.AS : JP Morgan raises to neutral from underweight * Banco Bpm BAMI.MI : JP Morgan raises to neutral from underweight * Shell Plc SHEL.L : Berenberg cuts target price to 3,100p from 3,400p * UMG UMG.AS : Citigroup cuts target price to EUR 26 from EUR 29.50 *
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Spirits: time to buy or time to sell?

LIVE MARKETS-Spirits: time to buy or time to sell? STOXX 600 up 0.7% Tech, travel & leisure lead bounce Downgrade hits Burberry Wall St futures higher Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com SPIRITS: TIME TO BUY OR TIME TO SELL?
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European beverages: DB cuts Pernod and Remy after dismal summer for booze stocks

BUZZ-European beverages: DB cuts Pernod and Remy after dismal summer for booze stocks ** Deutsche Bank says soft drinks are the clear winner in the European beverages sector, while spirits and beer have suffered from a combination of negative estimate revisions and multiple contraction post a dismal summer ** "Brewers have not performed as well as we expected due to a combination of adverse weather in June and a lack of COGS (cost of goods sold) tailwinds," says DB ** It still sees the beer sect
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FTSE 100 ends higher on travel, mining shares

UPDATE 1-FTSE 100 ends higher on travel, mining shares For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.4%, FTSE 250 down 0.2% Whitbread led gains on FTSE 100 following rating upgrade CAB Payments gains on partnership with Visa Sterling up almost 4% this year vs dollar Updated at 1540 GMT By Khushi Singh and Ankika Biswas Aug 29 (Reuters) - The UK's main stock index edged higher on Thursday, l ed by gains in the travel and m
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Spirits makers exposed to China's EU brandy probe

FACTBOX-Spirits makers exposed to China's EU brandy probe Recasts with China decision, adds potential tariffs per brands Aug 29 (Reuters) - China s aid on Thursday it would not impose provisional tariffs on brandy imported from the European Union for now, leaving open the possibility that it may act at some time in the future. It had launched an anti-dumping investigation i n January , a step that appeared to be mainly targeted at France.
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Shares of European spirits makers jump as China drops provisional brandy measures

UPDATE 2-Shares of European spirits makers jump as China drops provisional brandy measures Adds analyst comments, updates share moves By Alessandro Parodi and Ozan Ergenay Aug 29 (Reuters) - Shares in French spirits makers Remy Cointreau RCOP.PA and Pernod Ricard PERP.PA rallied on Thursday after China's commerce ministry said it will not immediately impose provisional anti-dumping measures on brandy imported from the European Union.
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UK Stocks-Factors to watch on Aug 29

UPDATE 1-UK Stocks-Factors to watch on Aug 29 Adds news item, updates futures Aug 29 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0 .11%. * CAR OUTPUT: Britain's car production fell for the fifth consecutive month in July, hurt by manufacturers shifting to new models and temporary disruptions in supply chain, industry data showed.
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Pernod Ricard forecasts return to growth in 2025

UPDATE 3-Pernod Ricard forecasts return to growth in 2025 Pernod Ricard FY sales drop 1%, in line with forecasts Spirits maker says sales will grow next year Analysts, investors express scepticism over medium-term targets China opts against provisional tariffs on EU brandy, shares surge Updates shares in paragraph 7 to reflect China EU brandy probe decision By Emma Rumney Aug 29 (Reuters) - France's Pernod Ricard PERP.PA on Thursday forecast its sales will grow again next year even as challenges
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UK Stocks-Factors to watch on Aug 29

UK Stocks-Factors to watch on Aug 29 Aug 29 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.25%. * CAR OUTPUT: Britain's car production fell for the fifth consecutive month in July, hurt by manufacturers shifting to new models and temporary disruptions in supply chain, industry data showed * OIL: Oil prices edged up after two sessions of losses, as supply concerns over Libya returned to focus, although countered by a smaller-than-expected dr
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London's FTSE 100 inches up ahead of Fed meeting minutes

UPDATE 1-London's FTSE 100 inches up ahead of Fed meeting minutes For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 up 0.1%, FTSE 250 adds 1% US job growth in year through March was far less than estimated Mobico posts jump in first-half profit, shares gain Elementis gains after Barclays raises rating, price target U.S.
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Diageo submits financial documents in Delhi police investigation, source says

Diageo submits financial documents in Delhi police investigation, source says By Aditya Kalra NEW DELHI, Aug 18 (Reuters) - Spirits group Diageo's DGE.L Indian unit has submitted financial documents sought by New Delhi anti-corruption police in an investigation related to billing and discount practices involving city agencies, a source familiar with the matter said.
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Adyen NV, Beazley, Nel ASA

EUROPE RESEARCH ROUNDUP-Adyen NV, Beazley, Nel ASA Aug 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adyen NV, Beazley and Nel ASA, on Friday. HIGHLIGHTS * Adyen NV ADYEN.AS : TD Cowen raises target price to EUR 1,620 from EUR 1,618 * Beazley BEZG.L : HSBC raises target price to 780p from 665p * Diageo DGE.L : HSBC cuts target price to 3,000p from 3,300p * Nel ASA NEL.OL : Berenberg cuts to hold from buy * ThyssenKrupp Nucera
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