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Pin to quick picksLVMH Share News (MC.PA)

Share Price Information for LVMH (MC.PA)

Euronext Paris
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Share Price: 713.00
Bid: 686.00
Ask: 694.00
Change: 0.30 (0.042%)
Spread: 8.00 (1.166%)
Open: 720.00
High: 723.00
Low: 711.10
Prev. Close: 707.20
MC.PA Live PriceLast checked at -
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European shares flat at start of busy earnings week, Philips jumps

Mon, 24th Apr 2023 17:13

LVMH market cap tops $500 billion - a record for Europe

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Phillips jumps on better-than-expected results

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Software AG skyrockets on buyout offer

April 24 (Reuters) - European shares ended flat on Monday at the beginning of a week packed with high-profile earnings, while shares of Dutch health technology company Philips jumped after strong first-quarter results.

The pan-European STOXX 600 index closed at 468.97 points, keeping to a narrow three-point range for most of the day.

"Monday's session seems to provide the template for most of the week – tentative gains that then slip away," said Chris Beauchamp, chief market analyst at online trading platform IG.

Philips NV jumped 13.8% after the company posted better-than-expected first-quarter results and said it had set aside 575 million euros ($631 million) related to lawsuits over its recall of respiratory devices.

Healthcare shares rose 0.1%, while technology shares fell 1.0%, giving back most of its gains from Friday.

Big banks Barclays Plc, Santander, Deutsche Bank AG, UBS Group AG and consumer companies like Nestle SA, Reckitt and Unilever Plc report results this week.

Credit Suisse, in what is likely to be its last time reporting results, said 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and that outflows were continuing, as its state-engineered marriage with UBS is expected to be completed soon.

After a chaotic month in March, European shares have risen 2.4% so far in April, tracking their best monthly performance since January as cheap valuations and China's reopening bets is boosted firms.

Luxury group LVMH surpassed a market capitalization of $500 billion, making it the largest valuation on record for a European company and the first above the $500-billion mark.

"It (LVMH) might not escape unscathed if a recession does materialise, but as the 2020 and 2022 rebounds in its shares demonstrate, there is plenty of appetite for a stake in the ever-growing global luxury market," Beauchamp added.

Investors will also monitor results of some of the biggest U.S. companies including Microsoft Corp, Google parent Alphabet Inc and Amazon.com Inc this week.

German business morale rose in April, adding to positive signs as Europe's largest economy hopes to have dodged a winter recession, according to a survey.

Shares of Software AG skyrocketed 49.0% after private equity firm Silver Lake offered to buy the German software developer.

UK's Medica Group also surged 33.8% after the telemedicine services company recommended a takeover offer from private equity firm IK Investment.

Sweden's Avanza dropped 9.4% as the financial services provider missed first-quarter profit expectations. (Reporting by Shreyashi Sanyal, Shashwat Chauhan and Shubham Batra in Bengaluru; Editing by Varun H K, Sonia Cheema and Josie Kao)

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LONDON, Feb 5 (Reuters) - Moet & Chandon was confirmed as Formula One's official champagne provider on Wednesday with French fizz returning to the podium after four years of drivers celebrating by spraying Italian sparkling wine.

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3 Feb 2025 17:59

Europe's STOXX 600 logs biggest daily drop in 2025 as US tariffs rattle investors

Julius Baer falls after plans to cut workforce

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31 Jan 2025 12:53

Designer Kim Jones bows out from LVMH's Dior menswear brand

PARIS, Jan 31 (Reuters) - British fashion designer Kim Jones is stepping down as artistic director for menswear at Christian Dior, the LVMH-owned label said on Friday, signalling a potential shift in its design approach as the brand struggles with slowing sales.

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31 Jan 2025 08:29

Designer Kim Jones leaving LVMH's Dior Homme brand

PARIS, Jan 31 (Reuters) - Fashion designer Kim Jones is leaving LVMH's Dior Homme brand, said the company on Friday. (Reporting by Mimosa Spencer; Editing by Sudip Kar-Gupta)

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29 Jan 2025 12:37

LVMH shares set for biggest drop in over a year on fading recovery hopes

LVMH shares fall as much as 6.7% in early trade

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29 Jan 2025 08:35

LVMH drags down luxury shares as budding hopes fade

PARIS, Jan 29 (Reuters) - Shares in luxury conglomerate LVMH were down in early trade on Wednesday, after the company's end-of-year report disappointed investors hoping for stronger signs of rebound from the sector bellwether.

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28 Jan 2025 21:27

LVMH touts good start to 2025 but Q4 results underwhelm

Q4 sales up 1% vs forecast decline of 1.6%

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28 Jan 2025 19:01

LVMH says 2025 off to good start after quarterly sales beat

Q4 sales up 1% vs forecast decline of 1.6%

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28 Jan 2025 16:41

LVMH beats forecast with 1% rise in fourth quarter sales

PARIS, Jan 28 (Reuters) - Luxury bellwether LVMH beat expectations on Tuesday with a 1% rise in fourth-quarter sales as demand for designer fashion and handbags picked up over the holiday season, adding to hopes the sector has turned a corner.

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24 Jan 2025 18:25

Dior's Kim Jones pares down embellishments for winter catwalk show

PARIS, Jan 24 (Reuters) - Dior men's artistic director Kim Jones kept embellishments to a minimum for his winter 2025-2026 catwalk show, putting the focus on silhouettes, including long, cape-like coats and cropped leather jackets.

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24 Jan 2025 18:07

Diageo exploring potential spin-off or sale of Guinness, Bloomberg News reports

Guinness is a bright spot in Diageo's portfolio

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24 Jan 2025 17:11

FTSE 100 slides as stronger sterling hits export-focused firms; Burberry soars

Sterling jumps as tariff doubts weigh on dollar

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24 Jan 2025 10:12

Burberry turnaround hopes boosted by US holiday shoppers

Q3 sales down 4% vs expected 12% decline

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16 Oct 2024 17:41

European tech, luxury stocks tumble as ASML, LVMH results disappoint

France's CAC 40 underperforms peers on luxury drag

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16 Oct 2024 16:43

US stocks mixed as cyclicals take the lead, crude weakness persists

Morgan Stanley beats estimates, stock touch record high

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