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Richemont soars on holiday jewellery sales, watch rebound

Bloomberg Richemont shares rallied the most in three years as strong appetite for Cartier jewellery and IWC watches during the holiday season signalled consumers still want to splurge on luxurious bling. The improvement comes as a relief to investors after a first half that was marred by protests and store closures in Hong Kong and contracting profitability in the jewellery ...

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UK house prices post record jump in Jan

Bloomberg Asking prices for UK homes increased by the most for any January on record in a sign that the Conservatives’ December election win boosted confidence, according to property website-operator Rightmove. Values increased 2.3% on the month to an average 306,810 pounds ($400,000) Rightmove said in a report on Monday. In London, they gained 2.1% from a month earlier, a ...

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Europe stocks pare decline with US futures; oil climbs

Bloomberg European stocks and US equity futures trimmed most of an earlier decline on Monday as investors awaited a fresh batch of corporate earnings and some key central bank meetings this week. Crude oil rose following supply disruptions in Libya and Iraq. Activity was muted across most major markets because of a US holiday. The Stoxx Europe 600 Index traded ...

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