US EditionKering booted from Europe’s premier blue-chip index as defense giant Rheinmetall boosted by the continent’s war footing
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8 Articles
German arms concern Rheinmetall AG will replace the French luxury company Kering SA (owner of the Gucci brand) in the Euro Stoxx 50 index, which consists of the largest companies in the euro zone countries.
Kering booted from Europe’s premier blue-chip index as defense giant Rheinmetall boosted by the continent’s war footing
It’s been a boom time for defense companies for the last few years—and the opposite of that for luxury companies. The result? German arms maker Rheinmetall will soon become part of the Euro Stoxx 50 benchmark of the largest listed European firms, replacing Gucci owner Kering. The change will occur on June 20, Stoxx group, which operates the index, confirmed in an emailed notification cited by Bloomberg on Tuesday. Other members of the Euro St…
An old cyber attack on Rheinmetall several years ago has now led to the publication of internal documents of the armaments group. Despite the relatively harmless nature of the documents, they are used as an opportunity to demand further measures in the rearmament of Germany. The largest German armaments group Rheinmetall plays a key role in the global arms race and the German government on war course and thus increasingly joins the crosshairs of…
Reheinmetall, the German manufacturer of tanks, blinds, missiles and other weapons of the last generation, will soon become part of the Euro Stoxx 50 bursier index of the actions of the largest European company, replacing the French holding of Kering luxury products, which is also the owner of the famous Gucci brands.
Rheinmetall will join the Euro Stoxx 50 in place of Kering, a demonstration of the behaviour of both sectors
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