{"id":255723,"date":"2025-07-11T08:38:15","date_gmt":"2025-07-11T08:38:15","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/255723\/"},"modified":"2025-07-11T08:38:15","modified_gmt":"2025-07-11T08:38:15","slug":"london-flat-and-europe-lower-on-renewed-tariff-threats-for-canada-and-eu","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/255723\/","title":{"rendered":"London flat and Europe lower on renewed tariff threats for Canada and EU"},"content":{"rendered":"\n<p class=\"yf-1090901\">Pedro Goncalves writes:<\/p>\n<p class=\"yf-1090901\">Shares in Levi Strauss (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/uk.finance.yahoo.com\/quote\/LEVI\" data-ylk=\"slk:LEVI;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">LEVI<\/a>) rose in pre-market trading on Friday after the US denim maker lifted its annual revenue and profit forecasts, buoyed by stronger-than-expected quarterly result and bets for strong demand for its denims in regions such as Europe in the face of tariff uncertainty.<\/p>\n<p class=\"yf-1090901\">The company reported net income of $67m (\u00a349.5m), or 17 cents per share, for the quarter ending 1 June, up from $18m, or 4 cents per share, in the same period last year. On an adjusted basis, excluding one-off charges tied to restructuring and impairment, earnings were 22 cents per share, ahead of the 13 cents forecast by analysts surveyed by Bloomberg.<\/p>\n<p class=\"yf-1090901\">Revenue also beat expectations, reaching $1.45bn, compared with consensus estimates of $1.37bn. Direct-to-consumer sales grew 11% on a reported basis, accelerating from 8% a year earlier.<\/p>\n<p class=\"yf-1090901\">Levi raised its full-year guidance, citing the strength of its core denim offering and improving performance in international markets. The company is, however, keeping a cautious eye on trade policy developments under president Donald Trump, particularly regarding tariffs.<\/p>\n<p class=\"yf-1090901\">As policy currently stands, it anticipates tariffs will only impact the business by $25m to $30m for the rest of the year, or 2 to 3 cents on earnings per share.<\/p>\n<p class=\"yf-1090901\">The company expects fiscal 2025 revenue to grow in the range of 1% to 2%, compared with a prior forecast of a 1% to 2% decline.<\/p>\n","protected":false},"excerpt":{"rendered":"Pedro Goncalves writes: Shares in Levi Strauss (LEVI) rose in pre-market trading on Friday after the US denim&hellip;\n","protected":false},"author":2,"featured_media":255724,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7757],"tags":[748,98266,38882,32,393,1880,4884,257,2129,23108,16,15],"class_list":{"0":"post-255723","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-london","8":"tag-britain","9":"tag-canadian-goods","10":"tag-canadian-prime-minister","11":"tag-donald-trump","12":"tag-england","13":"tag-ftse-100","14":"tag-great-britain","15":"tag-london","16":"tag-mark-carney","17":"tag-truth-social","18":"tag-uk","19":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114833699915089210","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/255723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=255723"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/255723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/255724"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=255723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=255723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=255723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}