Better-than-expected sales at top brand Gucci sent Kering shares soaring as investors bet new Chief Executive Officer Luca de Meo will revive growth at the struggling luxury group. Shares in the luxury brand rose as much as 14% at the European market open, the most since 2020.
Barclays meanwhile said it will return at least £15 billion to shareholders through 2028 as it continues to work through a long-term plan to slash costs and improve profitability. Speaking about the United Kingdom, Barclays CEO CS Venkatakrishnan told The Opening Trade that "the country needs to move from being one of savers to one of investors."
Chapters:
00:00:00 – The Opening Trade
00:00:29 – Market Check
00:02:20 – Firms Bet Big on AI
00:04:40 – UK PM Starmer Defies Call to Quit Position
00:06:35 – BP Suspends Share Buybacks
00:08:44 – Barclays CEO C.S. Venkatakrishnan
00:18:52 – Everyone Loving Bonds Right Now. Why?!: 3-Minutes MLIV
00:25:19 – AstraZeneca CEO Pascal Soriot
00:38:12 – Mining Indaba: Milken Institute Chair British Robinson
00:47:13 – Stocks to Watch: BP, Barlcays, Kering
00:52:34 – Kering Stock Soars
01:05:34 – BP Stock
01:08:47 – Kering Stock
01:14:52 – Standard Chartered CFO Steps Down
01:19:26 – European Banks Outperform
01:22:59 – Starmer Delivers Defiant Speech
01:27:13 – Hyundai Cartwheeling Robot
01:33:18 – Warsh Can Get US Economy to Hit 15% Growth: Kevin Warsh
——–
More on Bloomberg Television and Markets
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