UK equities rise on upbeat earnings, Watches of Switzerland slumps

Jan 18, 2024  · British equities rose on Thursday, supported by a string of upbeat earnings from companies such as Flutter and Ferrexpo, while shares of Watches of Switzerland slumped …


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Watches Of Switzerland Shares Tick Higher On Brighter Outlook

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May 16, 2024  · (Reuters) -Watches of Switzerland forecast higher revenues in its new financial year, sending shares in the luxury retailer up as much as 19% on Thursday following a tough …

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Down 75%, Is Watches Of Switzerland One Of The FTSE 250’s

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Aug 16, 2024  · Currently, the stock has a price-to-earnings (P/E) ratio of just nine as the earnings per share forecast for this financial year is 42.8p. That’s an incredibly low valuation. That’s an ...

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FAQs about UK equities rise on upbeat earnings, Watches of Switzerland slumps Coupon?

Why did British equities rise on Thursday?

(Reuters) -British equities rose on Thursday, supported by a string of upbeat earnings from companies such as Flutter and Ferrexpo, while shares of Watches of Switzerland slumped after a bleak forecast, adding to fears about a luxury sector slowdown. The exporter-heavy FTSE 100 ended 0.2% higher, recovering from a three-day slide. ...

Why did Swiss luxury stocks rise 19% in New financial year?

(Reuters) -Watches of Switzerland forecast higher revenues in its new financial year, sending shares in the luxury retailer up as much as 19% on Thursday following a tough time for the industry. Luxury groups including Burberry, LVMH and Kering have reported difficult trading conditions amid sticky inflation and a weak Chinese market. ...

Will watches of Switzerland double its earnings by fiscal year 2028?

Watches of Switzerland said last year it was aiming to more than double its annual sales and adjusted earnings before interest and taxes by fiscal year 2028. You are seeing a snapshot of an interactive graphic. This is most likely due to being offline or JavaScript being disabled in your browser. ...

Why did European shares rise on Wednesday?

Feb 14 (Reuters) - European shares edged higher on Wednesday as a softer-than-expected UK inflation print boosted hopes of imminent rate cuts by the Bank of England, while investors looked ahead to more economic data from euro zone later in the day. ...

What's going on with watches of Switzerland shares?

Watches of Switzerland shares, which had lost about 50% of their value this year as of Wednesday's close, were up 10.4% to 372.99 pence at 0845 GMT. "The luxury watch category is currently in a cyclical downturn, which is likely to impact retail LFLs (like-for-like sales) in the coming quarters," said RBC analysts. ...

Is watches of Switzerland a good stock to buy?

The thing is, the current weakness in its market appears to be priced into Watches of Switzerland shares already. Currently, the stock has a price-to-earnings (P/E) ratio of just nine as the earnings per share forecast for this financial year is 42.8p. That’s an incredibly low valuation. ...

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