Adidas AG (ADSGn.DE)
16 Aug 2019
* Carlsberg, Hargreaves rise after results (Updates to close)
BERLIN Adidas shares stumbled on Thursday after the German sportswear company said profitability will be squeezed in the second half of the year by higher sourcing costs and price cuts to try to revive sales growth in Europe.
BERLIN, Aug 8 Adidas shares stumbled on Thursday after the German sportswear company said profitability will be squeezed in the second half of the year by higher sourcing costs and price cuts to try to revive sales growth in Europe.
Aug 8 European shares rose for a second day on Thursday, as investors took heart from a stronger than-expected rebound in Chinese exports and steadying of the yuan currency after a week of turmoil centred around a renewed escalation of U.S.-China trade tensions.
BERLIN, Aug 8 German sportwear company Adidas said on Thursday it expects sales growth to pick up in the second half of the year after it managed to stem a decline in Europe in the second quarter, reiterating its full-year outlook
Sportswear maker Under Armour Inc on Tuesday cut its full-year revenue forecast for North America as demand at its stores and online faced pressure from relentless competition from bigger rivals Nike and Adidas. | Video
LONDON Sports Direct founder Mike Ashley said buying House of Fraser may have been a mistake for the British sporting goods retailer, in a delayed results statement that also warned it could face a 674 million euro bill from Belgium's tax authority.
* Receives 674 mln euro "payment notice" from Belgian tax body
HONG KONG Chinese footwear retailer Belle International filed plans on Thursday to spin off its sportswear business via a Hong Kong initial public offering, a deal which two sources with knowledge of the matter said could raise $1 billion.
* Adidas gains after Berenberg upgrades to 'buy' (Updates to close)