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...Luxury Australian marque Aesop was sold to L’Oréal for $2.5bn in April and last month Natura agreed to sell The Body Shop to private equity firm Aurelius for a fraction of the price it paid in 2017, after...
...Healthcare, consumer cyclicals and real estate performed the worst. The tech-heavy Nasdaq Composite fell 1 per cent as six of the Big Tech stocks in the Magnificent Seven declined....
...About 80 per cent of the index’s constituent stocks finished lower on the day, while healthcare, consumer cyclicals and real estate were the worst-performing sectors....
...All sectors but healthcare and utilities — typically regarded as defensive plays — gained, while financials and consumer cyclicals were the best performers....
...Consumer-sensitive stocks are most exposed to the potential for further defaults in 2024, according to S&P analyst Ekaterina Tolstova....
...S&P 500 margins, which never fully reverted to pre-pandemic levels, could suffer if the consumer loses more steam. This is a long-standing fear, though....
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...UK’s AstraZeneca, German software company SAP and French healthcare firm Sanofi....
...Retailers lagged behind the broader Stoxx Europe 600 at the beginning of 2024, as market gains were driven by large healthcare and technology companies, but the sector began to rise in mid-February....
...sectors, such as consumer products and media and entertainment, as well as the still highly leveraged healthcare sector”....
...A separate report released on Tuesday by S&P Global Ratings painted a similar picture, with global defaults jumping by four-fifths last year to 153....
...The S&P 500 closed down almost 1 per cent with roughly nine in every 10 stocks losing ground....
...The benchmark S&P 500 was up 0.6 per cent in Thursday afternoon trading, with consumer cyclical and healthcare stocks the best-performing sectors. The tech-heavy Nasdaq Composite was up 0.9 per cent....
...survey US: revised University of Michigan consumer confidence survey and inflation expectations data Results: Aon Q1, Chevron Q1, Colgate-Palmolive Q1, ExxonMobil Q1, HCA Healthcare Q1, NatWest Q1, Pearson...
...The benchmark S&P 500 was up 0.6 per cent in Thursday afternoon trading, with consumer cyclical and healthcare stocks the best-performing sectors....
...Wall Street’s benchmark S&P 500 gained 0.3 per cent shortly after the opening bell, with healthcare and consumer cyclicals among the best-performing stocks....
...The region-wide Stoxx Europe 600 lost 0.3 per cent, dragged lower by healthcare stocks and consumer cyclicals. France’s Cac 40 fell 0.4 per cent, as did London’s FTSE 100....
...Consumer price index inflation figures for February are due out on Tuesday....
...The basic materials and consumer cyclicals sectors each gained more than 3 per cent, while defensive sectors including healthcare and consumer staples underperformed the broader market....
...European equities closed higher on Wednesday, pushed up by strong performance in consumer cyclicals and healthcare stocks....
...Employment growth was particularly strong in the healthcare, leisure and hospitality, and construction sectors, as well as in government jobs....
...AstraZeneca Q4, British American Tobacco FY, CMC Markets trading update and revised outlook for 2024, ConocoPhillips Q4, Compass Group Q1 trading update and AGM, Crédit Agricole FY, Honda Q3, Kering FY, L’...
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