Hugo Boss dips, FinecoBank rallies (Il Sole 24 Ore Radiocor) - Milan, 16 Jul - Shares in German fashion company Hugo Boss sank 7.93% in Frankfurt dealings after the company slashed its full-year sales outlook amid 'persistent macroeconomic and geopolitical challenges.' Shares of the Italian online bank FinecoBank rallied 2.88% in Milan trade, following a report it has been eyed as a possible investment by private equity firms interested in Italy's asset management sector.

Shares in Scor dipped 25.25% lower after the French reinsurance group issued a profit warning for its L&H unit.

In the second quarter, the result for the L&H insurance service result (ISR) is expected at about a negative 0.4 billion euros, "driven notably by updates on reserves, and continued negative experience variance, partly offset by the positive effect of portfolio actions," Scor said.

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(RADIOCOR) 16-07-24 13:36:28 (0392) 5 NNNN