Stock Movers Kering Soars, BP Pause, Barclays Earnings
Feb 10, 2026
Chloe Mele, a Bloomberg markets reporter covering European stocks, walks through major moves in luxury, energy and banking. She discusses Kering’s Gucci sales that revived investor optimism. She explains BP’s pause on buybacks and balance-sheet moves. She covers Barclays’ plan to return at least £15bn to shareholders and related payout risks.
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Gucci Results Signal Turnaround Momentum
- Kering's Gucci sales fell 10% but matched analyst expectations, which reassures investors about the turnaround under CEO Luca De Meo.
- The upcoming debut collection by designer Demna at Milan Fashion Week is a key near-term catalyst for Kering's recovery.
BP Pauses Buybacks To Rebuild Balance Sheet
- BP is pausing share buybacks and boosting cost-cut targets to shore up its balance sheet amid activist pressure and management changes.
- Markets view the incoming CEO as likely to accelerate a shift back to oil and gas, increasing scrutiny of BP's turnaround plan.
Barclays Promises Returns But Faces Risks
- Barclays had a strong 2025 and expects momentum to continue, with trading revenue remaining a major driver into 2026.
- The bank plans to return at least £15bn by 2028, but that fell short of some analysts' expectations and faces US credit-card policy risk.