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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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Nike to post steepest sales drop since COVID, analysts expect target reset

PREVIEW-Nike to post steepest sales drop since COVID, analysts expect target reset By Ananya Mariam Rajesh and Nicholas P. Brown Sept 30 (Reuters) - Investors and analysts expect Nike NKE.N to lower annual forecasts on Tuesday when it posts quarterly results, the company's first earnings report since announcing a new CEO earlier this month. Elliott Hill, who spent 32 years at the sportswear giant before retiring in 2020, will return as top boss starting Oct.
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Puma appoints Markus Neubrand as new CFO, shares rise

UPDATE 1-Puma appoints Markus Neubrand as new CFO, shares rise Recasts lede, updates share move, adds analyst comment Sept 26 (Reuters) - Shares in Puma PUMG.DE rose almost 4 % on Thursday after the German sportswear maker appointed Markus Neubrand as its new chief financial officer and a member of the Management Board effective Oct. 1. "Apparently the market gives advance praise", said Alexander Zienkowicz, an analyst from mwb research AG.
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Puma appoints Markus Neubrand as new CFO, shares rise

Puma appoints Markus Neubrand as new CFO, shares rise Sept 26 (Reuters) - German sportswear makers Puma PUMG.DE appointed on Thursday Markus Neubrand as its new Chief Financial Officer and a member of the Management Board effective from Oct. 1, the company said in a statement. The contract of current CFO Hubert Hinterseher, who was in the office since June 2021 , will end by mutual agreement on Dec.
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Brooks sues Puma in running-shoe patent dispute

Brooks sues Puma in running-shoe patent dispute By Blake Brittain Sept 24 (Reuters) - Berkshire Hathaway's BRKa.N Brooks Sports sued German shoemaker Puma PUMG.DE in Virginia federal court on Tuesday in the latest salvo in an ongoing intellectual property dispute between the rivals. Brooks said in its lawsuit that Puma had threatened to sue it for infringing a patent covering a type of ridged shoe sole, and asked the court to determine that its Glycerin running shoes do not violate Puma's rights
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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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Khadim India shares up on tie up with Puma distributor

BUZZ-Khadim India shares up on tie up with Puma distributor ** Shares of Khadim India KHAD.NS rise as much as 6.9% to 393.9 rupees ** Co forms tie-up with Underlinen Fashion House, Puma's PUMG.DE exclusive licensee and master distributor in India ** Collaboration to sell Puma items in co's Indian retail outlets ** KHAD eyes second consecutive sessi
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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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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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Investor pressure on Nike builds over garment workers' rights

Investor pressure on Nike builds over garment workers' rights Norway fund backs proposals on workers' rights, climate targets Another supply chain proposal got 11.7% of votes last year Investors frustrated with Nike over allegations of unpaid wages By Helen Reid, Nicholas P. Brown and Simon Jessop LONDON/NEW YORK, Sept 5 (Reuters) - Investor pressure on Nike NKE.N is building ahead of Tuesday's annual shareholder meeting, with Norway's sovereign wealth fund pledging to back a resolution demandin
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Norway wealth fund supports Nike shareholder proposal on workers' rights

UPDATE 3-Norway wealth fund supports Nike shareholder proposal on workers' rights Norway fund backs proposal for binding agreements with workers Nike's 9th biggest investor also backs climate targets proposal Fund opposes Nike executive pay for 5th year in a row Adds context on sliding sales, paragraph 5, opposition to executive pay, paragraph 10 By Helen Reid and Louise Rasmussen COPENHAGEN/LONDON, Sept 5 (Reuters) - Norway's wealth fund will back a proposal demanding Nike NKE.N consider whethe
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Sporting goods retailer Decathlon to invest $111 mln in India expansion plan

Sporting goods retailer Decathlon to invest $111 mln in India expansion plan BENGALURU, Aug 21 (Reuters) - French sporting goods retailer Decathlon said on Wednesday that it will invest 100 million euros ($111 million) in India over the next five years to expand its store count and manufacturing in what is one of its key markets. The retailer, which entered India in 2009, sells a host of sports accessories ranging from footballs and yoga mats to bicycles and exercise equipment, cashing in on the
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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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Baader ups Puma to 'buy' on soft valuation after outlook cut knocks shares

BUZZ-Baader ups Puma to 'buy' on soft valuation after outlook cut knocks shares ** Shares in Puma PUMG.DE rise 3% after Baader Helvea upgrades the German sportswear maker to "buy" from "add", citing a "highly attractive" opportunity/risk profile after the shares tumbled following Wednesday's outlook cut ** The shares dropped nearly 16% between Wedn
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AstraZeneca, Beazley, Puma

EUROPE RESEARCH ROUNDUP-AstraZeneca, Beazley, Puma Aug 12 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AstraZeneca, Beazley and Puma on Monday. HIGHLIGHTS * AstraZeneca AZN.L : TD Cowen raises target price to 14,860p from 13,945p * Beazley BEZG.L : Jefferies raises target price to 1,020p from 975p * Puma SE PUMG.DE : Baader Helvea raises to buy from add * Quilter Plc QLT.L : Berenberg raises target price to 135p from 105p * WPP
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STOXX 600 recovers early losses on US jobs data relief

UPDATE 2-STOXX 600 recovers early losses on US jobs data relief For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Novo rebounds on positive read-across from Lilly Siemens jumps after profit beat Allianz rises on Q2 beat Deutsche Telekom up after increase in Q2 core earnings STOXX 600 up 0.1% Updates at 1600 GMT By Ankika Biswas and Pranav Kashyap Aug 8 (Reuters) - Europe's benchmark stock index recouped early losses to close slightly highe
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Barclays, Ibstock, London Stock Exchange

EUROPE RESEARCH ROUNDUP-Barclays, Ibstock, London Stock Exchange Aug 8 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Barclays, Ibstock and London Stock Exchange, on Thursday. HIGHLIGHTS * Barclays BARC.L : HSBC raises target price to 310p from 290p * Ibstock IBST.L : Berenberg raises target price to 200p from 150p * London Stock Exchange LSEG.L : HSBC raises target price to 9,400p from 8,800p * Persimmon PSN.L : JP Morgan raises
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Investors feel the pinch of thriftier consumers on company profits

ANALYSIS-Investors feel the pinch of thriftier consumers on company profits By Danilo Masoni MILAN, Aug 8 (Reuters) - Investors in large consumer-goods companies are having to up their stock-picking game, as a post-pandemic spending splurge dries up and increasingly price-sensitive shoppers start to erode corporate pricing power. Profit warnings in sectors ranging from luxury to food and airlines have fed into worries about a slowdown in the United States and other major economies.
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Nike sees gold rush with summer Olympics driven website visits, sales

Nike sees gold rush with summer Olympics driven website visits, sales By Ananya Mariam Rajesh Aug 7 (Reuters) - The summer Olympics is turning out to be a rare win for Nike NKE.N as the global sporting event has helped boost demand for the sportswear giant's new launches and edge out competition, website searches from research firm Similarweb showed.
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