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(Reuters) – The “yellow vests” movement – named after the fluorescent jackets French motorists have to carry in their vehicles – started in mid-November as a protest against a fuel tax but has since grown into a broader backlash against President Emmanuel Macron’s government. Below is a list of companies which have made statements about how the protests have hit their businesses. AIR FRANCE KLM (AIRF.PA). Estimated 15 million euro hit to revenues walmart cufflinks. The airline said it had been impacted by last-minute cancellations of bookings due to the protests..
FNAC DARTY (FNAC.PA). Around a 45 million euro loss on sales in France and Belgium walmart cufflinks. The electronics goods retailer said it had been hit by having to close stores during the protests. RICHEMONT (CFR.S). No precise figures given. Nevertheless, Richemont said that during the latter part of the fourth quarter, sales in Europe were affected by social unrest in France which negatively impacted tourism and led to store closures for six consecutive Saturdays. SODEXO (EXHO.PA). No precise figures given. Chief Executive Denis Machuel said the protests had impacted parts of its business exposed to the French tourism sector, although he added that this impact should be “manageable”..
BEIJING/SHANGHAI (Reuters) – China’s Geely Group [GEELY.UL] said it has not sold any shares in Daimler AG (DAIGn.DE), denying a Bloomberg report that the Chinese firm had slashed its 9.7 percent stake in the German carmaker by more than half. “As a long-term investor, Zhejiang Geely Holding has not sold any shares. The Daimler shareholding remains unchanged,” a Hangzhou-based spokesman for Geely told Reuters on Friday walmart cufflinks. Bloomberg reported that Chinese billionaire Li Shufu’s Geely had sold a 5.4 percent stake, citing people familiar with the matter, but that the new owners of the shares were not known..
The report comes as Morgan Stanley disclosed in a filing on Thursday that it had increased its Daimler stake to 5.39 percent from 0.34 percent on Jan. 4. According to Bloomberg, Morgan Stanley is holding the shares on behalf of others. Daimler and Morgan Stanley declined to comment on the Bloomberg report walmart cufflinks. Li had picked up the 9.7 percent stake in Daimler in 2018, asking the maker of Mercedes-Benz cars to strike up an alliance to better counter the threat from upstart mobility companies. His move rekindled German fears about high-tech know-how falling into Chinese hands and Daimler had initially balked at the prospect of an alliance, partly on fears it might alienate Mercedes’ existing Chinese partner BAIC (1958.HK)..
BEIJING (Reuters) – China plans to set a lower economic growth target of 6-6.5 percent in 2019 compared with last year’s target of “around” 6.5 percent, policy sources told Reuters, as Beijing gears up to cope with higher U.S walmart cufflinks. tariffs and weakening domestic demand. The proposed target, to be unveiled at the annual parliamentary session in March, was endorsed by top leaders at the annual closed-door Central Economic Work Conference in mid-December, according to four sources with knowledge of the meeting’s outcome..