Watches Switz Share News (WOSG)

IN BRIEF: Crest Nicholson hires ex-Watches, Rank CFO to head finance

Crest Nicholson Holdings PLC - Surrey, England-based housebuilder - Hires William Floydd as finance director designate, effective from November 13. Follows mid-July announcement that current Finance Director Duncan Cooper will leave Crest Nicholson in January to become chief financial officer at builders' merchant Travis Perkins PLC. Floydd most recently was CFO of Watches of Switzerland Group PLC from January 2022 until May this year. He previously was CFO at Rank Group PLC from 2018 to 2021, after serving as UK & Ireland CFO at Experian PLC from 2013 to 2018. Crest Nicholson Chair Iain Ferguson says he is "delighted" by the appointment due to Floydd's "extensive experience as a [CFO] within the public listed company environment."

LONDON BROKER RATINGS: Morgan Stanley cuts NatWest; PageGroup raised

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

LONDON BROKER RATINGS: Jefferies raises AstraZeneca to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

LONDON BROKER RATINGS: Citigroup cuts Pennon; Exane BNP cuts Reckitt

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

LONDON BROKER RATINGS: SocGen raises Next to 'buy' from 'hold'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Rolex exposure has its risks for Watches of Switzerland, says Stifel

(Sharecast News) - The significant exposure that Watches of Switzerland Group (WOSG) has to Rolex is both the group's main investment appeal and a key risk, according to broker Stifel which kicked off coverage of the stock with a 'hold' rating on Friday.

Director dealings: Watches of Switzerland insiders buy dip, Woodside execs vest and sell

(Sharecast News) - Watches of Switzerland Group had several entries on the list of director buys on Monday, after it made four separate disclosures to the market.

IN BRIEF: Watches of Switzerland senior team buy following Rolex scare

Watches of Switzerland Group PLC - Leicester, England-based watch seller - Chief financial officer, board chair, and two non-executive directors buy nearly GBP900,000 in stock on Friday last week, after its price took a hit from the acquisition of a rival retailer by key supplier Rolex SA. CFO Anders Romberg buys 100,000 shares at GBP5.85, worth GBP584,700. Chair Ian Carter buys 35,000 shares at prices from 582.50 pence to 589.50p, worth GBP205,690 in total. Non-executive directors Tea Colaianni and Robert Moorhead buy 8,500 and 8,495 shares respectively, at GBP5.86 and GBP5.84. Watches of Switzerland shares dropped more than 20% late last month after Rolex announced it had bought Bucherer SA. However, Watches of Switzerland said it was reassured by Rolex their relationship remained unchanged, and the opportunistic acquisition of a partner for the past 100 years didn't represent a broader move into retail by the high-end Swiss watchmaker.

European shares lose steam as Powell speech feeds rate concerns

Fed's Powell says higher rates may be needed

*

UK midcaps slip as Watches of Switzerland drags, end week higher

Midcaps log first weekly gain in five

*

LONDON MARKET CLOSE: FTSE dips then regains lost ground after Powell

(Alliance News) - Blue-chip European markets ended higher on Friday but faced afternoon selling pressure as slightly hawkish words from Federal Reserve Chair Jerome Powell at Jackson Hole hurt investor sentiment.

LONDON MARKET MIDDAY: FTSE 100 pushes higher ahead of Fed chair speech

(Alliance News) - The FTSE 100 edged higher at midday on Friday as all eyes turned to US Federal Reserve Chair Jerome Powell's address at Jackson Hole later in the day.

Watches of Switzerland tanks after Rolex buys Bucherer

(Sharecast News) - Watches of Switzerland tanked on Friday after it emerged that Rolex was buying one of its key rivals, Bucherer, for an undisclosed sum.

LONDON MARKET OPEN: Eyes on Powell; Watches of Switzerland shares sink

(Alliance News) - Stock prices in London opened mixed on Friday, with the FTSE 100 seeming cautiously optimistic ahead of key speeches from central bankers, while the FTSE 250 was weighed down by developments at Watches of Switzerland and CMC Markets.

Watches of Switzerland allays concerns as Rolex buys competitor Bucherer

(Sharecast News) - Watches of Switzerland responded to concerns regarding the acquisition of Bucherer by Rolex on Friday, working to reassure shareholders of its continued access to stock.