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Delayed 15 min · 11:01 GMT

FLASH

SpaceX catches a Starship back from orbit for the first time Canada wraps up free-trade talks with the Philippines and ASEAN, opening a market of 700 million The great flattening: AI is cutting middle managers. Nvidia shows the risk! Samsung reportedly in talks to buy US data-centre cooling specialist Modine Oil holds near $95 as tankers keep getting hit in Hormuz Seoul upgrades economy to “solid growth” as chip exports nearly triple Qatar Airways restores Riyadh and Dammam as Etihad extends Saudi suspension IEA flips to oil surplus: Q4 supply to beat demand by 1.7M bpd Cartier owner Richemont slides 9% as jewellery growth halves Anthropic’s $61B IPO reportedly six times oversubscribed ahead of pricing

SpaceX catches a Starship back from orbit for the first time Canada wraps up free-trade talks with the Philippines and ASEAN, opening a market of 700 million The great flattening: AI is cutting middle managers. Nvidia shows the risk! Samsung reportedly in talks to buy US data-centre cooling specialist Modine Oil holds near $95 as tankers keep getting hit in Hormuz Seoul upgrades economy to “solid growth” as chip exports nearly triple Qatar Airways restores Riyadh and Dammam as Etihad extends Saudi suspension IEA flips to oil surplus: Q4 supply to beat demand by 1.7M bpd Cartier owner Richemont slides 9% as jewellery growth halves Anthropic’s $61B IPO reportedly six times oversubscribed ahead of pricing

Intelligence

Cartier owner Richemont slides 9% as jewellery growth halves

Richemont beat profit forecasts for the half, but jewellery sales growth slowed sharply in Q2. Investors are now asking whether the luxury sector’s strongest growth story is cooling.

News | 14 November 2026

Cartier owner Richemont slides 9% as jewellery growth halves

Richemont beat profit forecasts for the half, but jewellery sales growth slowed sharply in Q2 and the market sold the stock hard.

The headline numbers were strong: sales rose 16% to €12.3 billion ($14.4 billion), powered by demand for its jewelry brands and particularly robust business in the Americas and Japan. Operating profit increased 38% at constant exchange rates to €3.13 billion, beating the €2.82 billion consensus forecast. The worry was momentum. Jewellery Maisons sales rose 14% at constant rates in the second quarter, slowing from 24% in the first quarter. Shares fell by as much as 9% on Friday

Shares in luxury goods group Richemont fell by as much as 9% on Friday.

Investors are now asking whether the luxury sector’s strongest growth story is cooling.