Market Pulse - Europe
Heineken beer sales fall in Q3; reiterates FY guidance
Brewing giant Heineken reiterated its full-year guidance on Wednesday, even as it sold less beer during the third quarter.
Hermes reports strong quarter, though currency a drag
Luxury fashion brand Hermès announced strong quarterly results on Tuesday, with consolidated revenue reaching €10. 06bn by the end of September, marking a 22% increase at constant exchange rates and a 17% increase at current exchange rates compared to the same period last year.
Volkswagen shares slide after it trims margin outlook
Shares in German auto giant Volkswagen Group reached their lowest point since April 2020 on Monday after it announced a downward revision in its profit margin outlook for the current year.
London close: Stocks drop ahead of Powell speech
London stocks finished near their session lows as tensions in the Middle East continued to dent sentiment.
London open: All eyes on U.S. inflation, geopolitics
Stocks in London were trading a tad higher on Wednesday ahead of the release of key inflation data in the U. S. later in the session.
Birkenstock plans for New York IPO with valuation of up to $9.2bn
German premium footwear company Birkenstock announced on Monday its plans for a New York initial public offering (IPO) with a target valuation of up to $9. 2bn, according to a report from CNBC.
Eurozone unemployment falls to below pre-pandemic levels
Unemployment rates in the euro area and the European Union (EU) declined in August, according to fresh data published by Eurostat on Monday.