Latest news with #luxurystocks
Bloomberg
10 hours ago
- Business
- Bloomberg
Stock Movers: Whitbread, Hays, Watchmakers
On this episode of Stock Movers: -Whitbread reported comparable sales for the first quarter of -1%. - Hays slumps as much as 20%, the most in nine years, sending the staffing firm's shares to their lowest since October 2008. The company released an unscheduled update, saying that current tough market conditions would persist into FY26, with permanent recruitment activity levels especially weak. - European luxury stocks drop, led by Richemont and Swatch, after a report showed Swiss watch exports fell 9.5% in May, driven by US downturn following a strong month of April.
Bloomberg
29-05-2025
- Business
- Bloomberg
Stock Movers: Adidas, Luxury Stocks, Auto Trader (podcast)
On this episode of Stock Movers: - Adidas and Puma shares rallied as a US court blocked many of President Trump's tariffs on imports from dozens of countries. The stocks had slumped in April on concern over tariffs on clothing items imported from Asia. - Luxury stocks including LVMH gained on hopes that the court ruling on tariffs would benefit demand for high-end goods. That was even as LVMH's deputy chief executive officer indicated that a slump in demand for luxury items may still have some way to run. - Auto Trader reported revenue for the full year that missed the average analyst estimate.
