Watches Switz Share News (WOSG)

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.

Watches of Switzerland sees no change after Rolex buys Swiss retailer

(Alliance News) - Watches of Switzerland Group PLC on Friday said the acquisition by Rolex SA of Swiss watch retailer Bucherer SA will not change its relationship with Rolex, a key supplier.

UK shareholder meetings calendar - next 7 days

LONDON MARKET CLOSE: FTSE 100 lags peers as miners fall on China woe

(Alliance News) - Worries for China's property market soured the mood at the start of the week, with the FTSE 100 hit badly thanks to its natural resources sector, although peers in Europe and equities in New York fared better.

LONDON MARKET CLOSE: Stocks up as US inflation data points to pause

(Alliance News) - Stocks in London were largely higher at the close on Thursday after a surprise US inflation print helped lift hopes that the US Federal Reserve's rate hiking cycle will soon be at an end.

FTSE 250 movers: Real estate stocks Savills and Derwent London sink

(Sharecast News) - Shares in Savills plunged nearly 12% on Thursday after the real estate advisor said it is cutting its forecasts for the financial year after a tough first half which saw profits sink 72%.

London midday: Markets subdued ahead of US CPI data

(Sharecast News) - Investors were keeping their powder dry on Thursday in London as stock markets chose to remain cautious ahead of a much-anticipated US inflation report later on.

LONDON MARKET OPEN: FTSE 100 underperforms ahead of US inflation data

(Alliance News) - London's FTSE 100 largely tread water on Thursday morning, though continental peers shot up, with European markets in a largely confident mood ahead of a US inflation report.