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Inditex


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Zara owner Inditex launches fund to finance textile innovation

Zara owner Inditex launches fund to finance textile innovation MADRID, Oct 11 (Reuters) - Zara owner Inditex has launched a fund to invest around 50 million euros ($54.75 million) in innovation projects, mainly in the textile sector. Spanish website El Confidencial on Friday reported Inditex's decision to invest in a new fund, which the company confirmed to Reuters.
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Spanish stocks - Factors to watch on Oct 11

Spanish stocks - Factors to watch on Oct 11 Oct 11 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Friday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: IBERDROLA IBE.MC Spain's largest power company, Iberdrola, will invest up to 12 billion pounds ($15.66 billion) in its British division Scottish Power over the next four years, doubling its commitment in the UK ahead of a global investment summit in London.
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Spain's top fashion retailers to launch trial to collect clothes waste in 2025

Spain's top fashion retailers to launch trial to collect clothes waste in 2025 By Corina Pons MADRID, Oct 10 (Reuters) - Spain's largest fashion companies will start collecting discarded clothes from April next year as part of a voluntary pilot scheme to manage textile waste that anticipates EU regulations expected to come into force in 2026. Zara owner Inditex ITX.MC , H&M HMb.ST , Decathlon, Ikea IKEA.UL and Primark ABF.L are among 10 brands that will participate in a trial that will separate
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Companies sell their businesses in Russia

FACTBOX-Companies sell their businesses in Russia Updates Unilever Oct 10 (Reuters) - Many Western companies have sold their Russian assets or handed them over to local managers to comply with sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreign-owned assets. Below are some companies that have sold their businesses in Russia, divided by sector: AUTOS Continental CONG.DE sold its Russian tyre plant to holding company S8 Capital in May 2023. Renault R
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Uniqlo operator posts 3rd year of record profit, founder sets aim at Western markets

UPDATE 2-Uniqlo operator posts 3rd year of record profit, founder sets aim at Western markets Recasts with chief executive comments in paragraphs 1-3, details throughout, succession comments in 13-16 By Rocky Swift TOKYO, Oct 10 (Reuters) - The Japanese operator of the Uniqlo clothing chain booked its third consecutive year of record earnings on Thursday, with its leader laying out an aggressive plan for global growth.
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Online retailer Shein's 2023 sales hit $2 billion in UK

UPDATE 3-Online retailer Shein's 2023 sales hit $2 billion in UK UK business booked a pretax profit of 24.4 mln stg in 2023 Shein seeking regulatory approval for a UK listing To start informal investor meetings soon, sources say Adds details on UK footprint, tax loophole By Helen Reid Oct 8 (Reuters) - Shein's British business made 1.55 billion pounds ($2 billion) in revenue in 2023, a filing by the online fast-fashion group showed on Tuesday, as it prepares for a hotly debated listing in London
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BofA reinstates Inditex at 'buy' as it sees further room to grow

BUZZ-BofA reinstates Inditex at 'buy' as it sees further room to grow ** BofA Securities reinstates Inditex ITX.MC with a "buy" rating and a PT of 61 euros, vs 53.22 euros at Thursday's close, as it expects the Zara-owner's business model to continue to fuel growth 2-3x above market ** "The group's future growth potential is underpinned by investme
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H&M abandons 2024 margin target as costs hurt profit

UPDATE 6-H&M abandons 2024 margin target as costs hurt profit H&M scraps goal of 10% operating margin Quarterly operating profit lags expectations September sales expected to rise by 11% H&M shares fall 8% Adds CEO quotes in paragraphs 12 and 18 By Marie Mannes and Helen Reid STOCKHOLM, Sept 26 (Reuters) - H&M HMb.ST scrapped its margin target for 2024 as higher discounting, costs and fierce competition hurt operating profit in the third quarter, denting shares in the world's second-biggest list
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UK's Next raises forecast to put 1 billion pound profit in sight

UPDATE 2-UK's Next raises forecast to put 1 billion pound profit in sight First-half pretax profit up 7.1% to 452 mln stg Raises second half sales growth guidance to 3.7% Raises full-year profit guidance to 995 mln stg Shares up 5% Adds shares and details in paragraphs 2-4 and 9-12 By James Davey LONDON, Sept 19 (Reuters) - British clothing retailer Next NXT.L said on Thursday it was on track to make an annual profit of almost 1 billion pounds ($1.3 billion) as it raised its forecast for the sec
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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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Spanish stocks - Factors to watch on Sept 12

Spanish stocks - Factors to watch on Sept 12 Sept 12 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Thurs day . Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: ORYZON GENOMICS ORY.MC Oryzon announced on Wednesday that it received an "intention to grant" communication, by the European Patent Office, for a patent relating to the use of Vafidemstat in treating Borderline Personality Disorder.
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Europe's STOXX 600 little changed as focus shifts to ECB

UPDATE 2-Europe's STOXX 600 little changed as focus shifts to ECB For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 ends flat Britain's economy showed no growth on a month-on-month basis U.S. August CPI at 2.5% vs 2.6% YoY Commerzbank surges after Unicredit bought 9% stake Updated at 1600 GMT By Pranav Kashyap and Shubham Batra Sept 11 (Reuters) - European shares ended flat on Wednesday as gains in technology shares were offset b
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Zara to offer its secondhand clothes service in US by October

Zara to offer its secondhand clothes service in US by October MADRID, Sept 11 (Reuters) - Zara will offer its service for selling, repairing or donating secondhand clothes in the United States by the end of October as a way of prolonging their life cycle and reducing waste, its owner Inditex said on Wednesday. Zara's 'Pre-Owned' platform is already running in 16 European countries , after launching in Britain in November 2022. Inditex ITX.MC previously said it was committed to operating the plat
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European shares rise on boost from tech, resources sectors

CORRECTED-UPDATE 1-European shares rise on boost from tech, resources sectors Corrects paragraph 13 to clarify UniCredit paid 702 million euros for a 4.5% stake in Commerzbank, not the entire 9% stake STOXX 600 up 0.2% Britain's economy showed no growth on a month-on-month basis Commerzbank surges after Unicredit bought 9% stake By Pranav Kashyap Sept 11 (Reuters) - European shares opened higher on Wednesday, boosted by the tech and basic resources sectors, while investors awaited a key U.S.
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BMW, Legrand, Sodexo

EUROPE RESEARCH ROUNDUP- BMW, Legrand, Sodexo Sept 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Legrand and Sodexo, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : HSBC cuts target price to EUR 85 from EUR 109 * Kion Group AG KGX.DE : JP Morgan raises to overweight from neutral * Legrand LEGD.PA : JP Morgan raises to overweight from neutral * Phoenix PHNX.L : Peel Hunt cuts target price to 650p from 690p * Sodexo EXHO.PA : JP M
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Inditex Says Zara's Second-Hand Business Will Expand To United States In October 2024

BRIEF-Inditex Says Zara's Second-Hand Business Will Expand To United States In October 2024 Sept 11 (Reuters) - Inditex ITX.MC CEO Oscar Garcia Maceiras in a conference call with analysts following first-half results: ZARA'S SECOND-HAND BUSINESS WILL EXPAND TO UNITED STATES IN OCTOBER 2024 MASSIMO DUTTI BRAND WILL EXPAND TO THE UNITED STATES, BERSH
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Inditex shares rise after it reports strong autumn sales

BUZZ-Inditex shares rise after it reports strong autumn sales ** Shares in Inditex ITX.MC rise around 4% after the Zara owner reported stronger recent sales of its first autumn-winter collections, offsetting a first-half growth slowdown ** Between Aug. 1 and Sept. 8, the world's biggest listed fashion retailer saw an 11% increase in constant curren
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Spanish stocks - Factors to watch on Sept 11

UPDATE 1-Spanish stocks - Factors to watch on Sept 11 Adds Santander Sept 11 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: INDITEX ITX.MC Zara owner Inditex reported a 10% rise in first-half profit as sales increased 7.2%, at a slower pace than last year but in line with analysts' expectations of tougher times for fashion retailers in Europe, partly
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Spanish stocks - Factors to watch on Sept 11

UPDATE 1-Spanish stocks - Factors to watch on Sept 11 Adds one item on Santander Sept 11 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: INDITEX ITX.MC Zara owner Inditex reported a 10% rise in first-half profit as sales increased 7.2%, at a slower pace than last year but in line with analysts' expectations of tougher times for fashion retailers in Eu
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Spanish stocks - Factors to watch on Sept 11

Spanish stocks - Factors to watch on Sept 11 Sept 11 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Wednesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: INDITEX ITX.MC Zara owner Inditex reported a 10% rise in first-half profit as sales increased 7.2%, at a slower pace than last year but in line with analysts' expectations of tougher times for fashion retailers in Europe, partly due to wetter-than-expe
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