Alonso Tells Ferrari He Wants To Leave Looking For The Next Li Na DFL Launches Goal-Line System Tender Executive Transactions Ratings Drop For Singapore F1 Grand Prix Names In The News SOCAR To Sponsor Baku 2015 Agent Jorge Mendes Implicated In TPO Indian Super League Emphasizing Stars PFA Calls For Homegrown Quota In EPL
SBD Global/July 10, 2013/FinancePrint All
Adidas "enjoyed a winning Monday" as Europe's stock markets rebounded higher, according to Stephen Smith of the FINANCIAL TIMES. Financial services group Credit Suisse previewed second-quarter results for the region’s luxury and sporting goods groups, and said that adidas "remained the top pick in its sector coverage." Credit Suisse said, "It has the best self-help margin story with top-line acceleration in the second half and potential for rising cash returns." The world’s second-largest sporting goods maker climbed 1.7% to €82.35 ($105.19) while another Credit Suisse pick, Richemont -- the owner of the Cartier brand -- rose 1.8% (FT, 7/8).