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European PE firm Altor to buy majority stake in Canada's iconic CCM Hockey

European PE firm Altor to buy majority stake in Canada's iconic CCM Hockey Oct 2 (Reuters) - Private equity firm Altor said on Wednesday it has agreed to buy a majority stake in Canada's iconic 125-year-old brand CCM Hockey, which specializes in manufacturing sports equipment and apparel. Private equity firms are increasingly looking towards the booming sports sector, where companies partner with popular leagues that attract large crowds and foster a loyal customer base.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: British Land, Zayo Group, Fennemore Craig, Altor Oct 2 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1950 GMT on Wednesday: ** Property firm British Land Co Plc BLND.L said on Wednesday it has acquired a portfolio of seven retail parks from Brookfield Asset Management BAM.TO for 441 million pounds ($585.34 million), increasing its position in the retail park market.
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U.S. STOCKS Comstock, Nikola, EQT

BUZZ-U.S. STOCKS ON THE MOVE-Comstock, Nikola, EQT Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures dipped on Wednesday aftergeopolitical tensions in the Middle East and a domestic port strike made investors wary ahead of labor data expected to shed light on the health of the economy and the monetary policy path.
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U.S. STOCKS RTX, Antero Resources, oil stocks

BUZZ-U.S. STOCKS ON THE MOVE-RTX, Antero Resources, oil stocks Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures slipped on Wednesday as geopolitical tensions in the Middle East and a domestic port strike kept investors on edge ahead of data expected to shed light on the health of the economy and the monetary policy trajectory.
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Nike shares drop as investors fret over murky turnaround timeline

UPDATE 4-Nike shares drop as investors fret over murky turnaround timeline Adds graphic, website traffic data in paragraph 10 and updates shares in paragraphs 1 and 15 By Ananya Mariam Rajesh Oct 2 (Reuters) - Nike NKE.N shares closed nearly 7% lower on Wednesday after the sportswear giant withdrew its annual revenue target, leaving investors guessing on the timeline for a turnaround under incoming CEO Elliott Hill.
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Nike shares dip as forecast withdrawal worries investors about turnaround timeline

Nike shares dip as forecast withdrawal worries investors about turnaround timeline Oct 2 (Reuters) - Nike NKE.N shares dropped about 6% in premarket trading on Wednesday after the company withdrew its annual revenue target, keeping investors guessing on the timeline for a turnaround at the sportswear giant under incoming CEO Elliott Hill. The company on Tuesday also postponed its investor day that was scheduled for Nov.
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Frankfurt-listed Nike shares drop on forecast withdrawal; Adidas up

BUZZ-Frankfurt-listed Nike shares drop on forecast withdrawal; Adidas up ** Nike's Frankfurt-listed shares NKE.F fall 5.7%, while Adidas ADSGn.DE rises 2%, after the U.S.-based sportswear giant withdrew its annual revenue forecast on Tuesday ** Given Nike's comments that many of its challenges are company-specific and its acknowledgement that this is causing weakness vs.
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UK's JD Sports shrugs off Nike woes with multi-brand approach

UPDATE 3-UK's JD Sports shrugs off Nike woes with multi-brand approach HY profit 406 mln stg, ahead of consensus Reiterates FY profit guidance Shares fall 3% amid Nike worries Adds detail on Nike throughout, CEO comment in paragraph 8, analyst comment in 5 By Sarah Young LONDON, Oct 2 (Reuters) - British sportswear retailer JD Sports Fashion JD.L is confident it will meet annual profit forecasts after its multi-brand strategy boosted half-year results even as Nike, which accounts for 45% of its
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Adidas, Harbour Energy, LSE

EUROPE RESEARCH ROUNDUP-Adidas, Harbour Energy, LSE Sept 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Adidas, Harbour Energy and LSE, on Monday. HIGHLIGHTS * Adidas AG ADSGn.DE : Baird raises target price to EUR 260 from EUR 255 * Diploma Plc DPLM.L : Peel Hunt raises PT to 5,100p from 3,600p * Harbour Energy Plc HBR.L : Jefferies cuts target price to 360p from 400p * LSE LSEG.L : JP Morgan raises target price to 11,600p from
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US holiday spending on buy now, pay later to hit record due to debt-laden shoppers

CORRECTED-UPDATE 1-US holiday spending on buy now, pay later to hit record due to debt-laden shoppers Corrects paragraph 10 to clarify 10% of BNPL purchases also includes other forms of payment outside of debit cards and corrects paragraph to say Shopify's BNPL is called Shop Pay Installments By Arriana McLymore NEW YORK, Sept 25 (Reuters) - U.S. shoppers are expected to spend a record $18.5 billion using third-party buy now, pay later (BNPL ) services for holiday purchases in the last quarter o
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Nike's new CEO may look to mend retailer ties in sales revival push

UPDATE 2-Nike's new CEO may look to mend retailer ties in sales revival push Outgoing CEO Donahoe's DTC strategy misfired Hill may put back focus on fixing wholesale model, experts say Nike shares up 8% Updates shares in paragraph 3 By Juveria Tabassum and Aishwarya Venugopal Sept 20 (Reuters) - Nike's new CEO is expected to double down on the company's efforts to repair relations with retailers to energize sales, reversing a strategy under outgoing chief John Donahoe that focused on selling dir
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Nike's new CEO may look to fix retailer ties in sales revival push

Nike's new CEO may look to fix retailer ties in sales revival push By Juveria Tabassum Sept 20 (Reuters) - Nike's new CEO will likely focus on repairing relations with retailers to boost demand, a strategy that took a back seat under outgoing chief John Donahoe, industry experts said on Friday. The sportswear giant named company veteran Elliott Hill as its CEO on Thursday, building confidence among investors about a turnaround at the firm that has been struggling with strategy missteps and inten
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Swiss stocks - Factors to watch on September 20

Swiss stocks - Factors to watch on September 20 ZURICH/GDANSK, Sept 20 (Reuters) - Here are some of the main factors that may affect Swiss stocks on Friday: HOLCIM HOLN.S Holcim's $30 billion New York spinoff of its North American business has come under fire from an environmental group that said the major cement maker was doing too little to tackle climate change.
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Nike's tumultuous years under outgoing CEO Donahoe

TIMELINE-Nike's tumultuous years under outgoing CEO Donahoe Adds Donahoe's retirement Sept 19 (Reuters) - Sportswear giant Nike NKE.N on Thursday named former senior executive Elliott Hill to succeed John Donahoe as its president and CEO, effective Oct. 14. The company has lost about a quarter of its stock market value this year and is down more than 21% since Donahoe joined as the top executive in 2020. Shares of rivals Adidas ADSGn.DE , Hoka owner Deckers DECK.N and On Holding ONON.N have rise
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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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Nike shareholders vote against proposal on workers' rights

UPDATE 1-Nike shareholders vote against proposal on workers' rights Adds background on the shareholder proposal By Ananya Mariam Rajesh and Nicholas P. Brown Sept 10 (Reuters) - Nike NKE.N shareholders have voted against a proposal to consider joining binding agreements with supply chain workers to better address human rights issues in high-risk countries at its annual meeting, the company said on Tuesday.
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Key events at Nike under CEO John Donahoe

TIMELINE-Key events at Nike under CEO John Donahoe Sept 10 (Reuters) - Nike NKE.N will hold its annual meeting virtually on Tuesday and a key issue to be voted on will be a workers' rights agreement, putting the spotlight on its CEO John Donahoe who is under pressure to reverse a long sales slump at the sportswear giant. Nike has lost about a quarter of its stock-market value this year.
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Alcon, Rockwool, Zealand Pharma

EUROPE RESEARCH ROUNDUP- Alcon, Rockwool, Zealand Pharma Sept 10 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Alcon, Rockwool and Zealand Pharma, on Tuesday. HIGHLIGHTS * Alcon AG ALCC.S : RBC raises to outperform from sector perform * Maersk MAERSKb.CO : JP Morgan resumes coverage with underweight rating; target DKK 8,575 * Rockwool ROCKB.CO : HSBC raises target price to DKK 3,200 from DKK 3,100 * Wizz Air WIZZ.L : JP Morgan cu
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European shares rebound from dour week with central banks in focus

UPDATE 2-European shares rebound from dour week with central banks in focus STOXX 600 up 0.8% Entain up after beginning H2 ahead of expectations Ubisoft biggest STOXX 600 decliner Adidas falls after Barclays downgrades rating Updated at 1610 GMT By Pranav Kashyap and Lisa Pauline Mattackal Sept 9 (Reuters) - European bourses rose on Monday, recovering from steep declines the previous week as focus shifted to an anticipated interest rate cut from the European Central Bank on Thursday.
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Adidas falls as Barclays downgrades stock on China hurdles, US volatility

BUZZ-Adidas falls as Barclays downgrades stock on China hurdles, US volatility ** Shares in Adidas ADSGn.DE fall 3% after Barclays downgrades the sports apparel maker on increased competition and slower economic growth in China, volatile U.S. sporting goods market and the stock's strong valuation ** The broker cuts Adidas to "equal-weight" from "ov
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