- Bridgette Randall
- 11 Jul, 2025
- London
European markets faced headwinds amid renewed tariff threats, and investors reviewed the latest corporate results.
Benchmark indexes in Frankfurt, Milan, Paris, and London dropped between 0.5% and 1.0% amid worries that the volatile U.S. trade policy is likely to negatively impact corporate results.
The U.S. president threatened tariff rates of 25% on Japan and 35% on Canada and suggested blanket tariffs between 15% and 20% on imports from most trading partners.
The erratic and arbitrary tariffs announced by the White House lacked details about the implementation plan from August 1.
The chaotic U.S. trade policy has forced businesses to forego investment plans and energized nations to strike non-U.S. trade deals.
Europe Stock Movers
BP plc increased 2.4% to 398.06 pence, despite the UK-based energy company estimating weaker prices for oil and gas in the second quarter compared to the previous quarter.
Crude oil revenues are likely to fall between $0.6 billion and $0.8 billion, and natural gas revenues are likely to shrink between $0.1 billion and $0.3 billion, according to a trading update released by the company.
However, upstream production is likely to be "higher than previously estimated" in the second quarter for the oil segment and "slightly higher" in the natural gas and low-carbon energy segment.
The company added that the Brent crude price averaged $67.88 per barrel in the second quarter compared to $75.73 in the first quarter.
US gas Henry Hub first-of-month index averaged $3.44/mmBtu in the second quarter compared to $3.65/mmBtu in the first quarter.
BP guided the average refining margin in the second quarter to expand to $21.10 per barrel from $15.2 a barrel in the previous quarter.
Brunello Cucinelli SpA decreased 1.9% to €107.15 after the Italian luxury fashion company reported revenue in the first half increased in double digits.
The fashion company's revenue in the first half increased 10.7%, driven by an increase of 8.7% in the Americas, 10% in Europe, and 12.5% in Asia.
Revenue in the first half rose to €684.1 million from €620.7 million in the year ago.
Turnover in Europe advanced 10% to €243.1 million and accounted for 35.5% of total sales; in the Americas, it advanced 8.7% to €245.2 million, or 35.9% of total sales; and in Asia, it advanced 12.5% to €195.7 million, or 28.7% of total sales.
- Bridgette Randall
- 11 Jul, 2025
- London
European markets faced headwinds amid renewed tariff threats, and investors reviewed the latest corporate results.
Benchmark indexes in Frankfurt, Milan, Paris, and London dropped between 0.5% and 1.0% amid worries that the volatile U.S. trade policy is likely to negatively impact corporate results.
The U.S. president threatened tariff rates of 25% on Japan and 35% on Canada and suggested blanket tariffs between 15% and 20% on imports from most trading partners.
The erratic and arbitrary tariffs announced by the White House lacked details about the implementation plan from August 1.
The chaotic U.S. trade policy has forced businesses to forego investment plans and energized nations to strike non-U.S. trade deals.
Europe Stock Movers
BP plc increased 2.4% to 398.06 pence, despite the UK-based energy company estimating weaker prices for oil and gas in the second quarter compared to the previous quarter.
Crude oil revenues are likely to fall between $0.6 billion and $0.8 billion, and natural gas revenues are likely to shrink between $0.1 billion and $0.3 billion, according to a trading update released by the company.
However, upstream production is likely to be "higher than previously estimated" in the second quarter for the oil segment and "slightly higher" in the natural gas and low-carbon energy segment.
The company added that the Brent crude price averaged $67.88 per barrel in the second quarter compared to $75.73 in the first quarter.
US gas Henry Hub first-of-month index averaged $3.44/mmBtu in the second quarter compared to $3.65/mmBtu in the first quarter.
BP guided the average refining margin in the second quarter to expand to $21.10 per barrel from $15.2 a barrel in the previous quarter.
Brunello Cucinelli SpA decreased 1.9% to €107.15 after the Italian luxury fashion company reported revenue in the first half increased in double digits.
The fashion company's revenue in the first half increased 10.7%, driven by an increase of 8.7% in the Americas, 10% in Europe, and 12.5% in Asia.
Revenue in the first half rose to €684.1 million from €620.7 million in the year ago.
Turnover in Europe advanced 10% to €243.1 million and accounted for 35.5% of total sales; in the Americas, it advanced 8.7% to €245.2 million, or 35.9% of total sales; and in Asia, it advanced 12.5% to €195.7 million, or 28.7% of total sales.
- Scott Peters
- 11 Jul, 2025
- New York City
Levi Strauss & Co. increased 1.7% to $19.73 after the apparel and jeans company reported nearly a four-fold increase in quarterly earnings.
Consolidated revenue in the June quarter increased to $1.4 billion from $1.3 billion, net income jumped to $67 million from $18 million, and diluted earnings per share rose to 17 cents from 4 cents a year ago.
For the six-month period, revenue edged higher to $3 billion from $2.8 billion, net income soared to $202 million from $7.3 million, and diluted earnings per share advanced to 51 cents from 2 cents a year ago.
Geographically, in the Americas, net revenues increased 5% on a reported basis and 9% on an organic basis.
Organic revenue in the U.S. grew 7%, and the Levi’s® brand sales were up 9% globally.
The company's annual revenue guidance is based on the U.S. tariff rate of 30% on imports from China and 10% for the rest of the world for the remainder of the year and excludes the discontinued operations of Dockers.
The company revised higher annual revenue growth to between 1% and 2%, up from the previous estimate of a decline between 1% and 2%.
The organic net revenue growth range was raised to an increase between 4.5% and 5.5%, up from the previous range between 3.5% and 4.5%.
Gross margin expansion was revised to 80 basis points, lower than the previous estimate of up to 100 basis points, due to a 20-basis-point impact from tariffs, including cost control measures.
The company revised its adjusted diluted earnings per share higher by 5 cents to between $1.25 and $1.30, up from the previously estimated range between $1.20 and $1.25.
The company returned approximately $51 million to shareholders through dividends in the second quarter, an 8% increase from a year ago, representing a dividend of $0.13 per share.
As of June 1, the company had $560 million remaining under its current share repurchase authorization.
The company declared an increase in the dividend to $0.14 per share for the third quarter, totaling approximately $55 million, payable on August 8.
WD-40 Co. declined 2.1% to $224.90, and the maintenance products maker reported a 5% rise in its earnings in the fiscal third quarter ending in June.
Consolidated revenue in the quarter increased to $156.9 million from $155 million, net income inched higher to $21 million from $19.8 million, and diluted earnings per share rose to $1.54 from $1.46 a year ago.
For the six-month period, revenue edged higher to $456.5 billion from $434.6 billion, net income soared to $69.8 million from $52.9 million, and diluted earnings per share advanced to $5.13 from $3.88 a year ago.
The company guided full-year net sales growth to narrow to between 6% and 9%, or $600 million and $620 million, after adjusting for estimated translation impacts of foreign currency.
Gross margin for the full year continues to be expected to be between 55% and 56%.
The company estimated the income tax rate to be around 22.5%.
The diluted earnings per share estimate was revised higher to between $5.30 and $5.60 based on an estimated 13.5 million weighted average shares outstanding.
This new range reflects anticipated growth of between 12% and 18% compared to 2024.
The company’s board of directors declared a regular quarterly dividend of $0.94 per share payable on July 31 to stockholders of record on July 18.
PriceSmart Inc. increased by 0.7% to $107.70 after the warehouse club operator reported an 8% rise in its earnings in the fiscal third quarter ending in June.
Consolidated revenue in the June quarter inched higher to $1.3 billion from $1.2 billion, net income increased to $35.1 million from $32.5 million, and diluted earnings per share rose to $1.14 from $1.08 a year ago.
For the nine-month period, revenue advanced to $3.8 billion from $3.6 billion, net income soared to $166.3 million from $109.8 million, and diluted earnings per share edged higher to $3.80 from $3.62 a year ago.