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LVMH 3Q Rev., Organic Sales Growth Miss Ests.

LVMH 3Q total rev. EU7.02b, est. EU7.24b (median of 15). * 3Q overall organic sales growth up 8%, est. 10% (median of15) * In 3Q Wines & Spirits, Watches & Jewelry units both accelerated growth rates vs 1H, performance of other groups comparable to start of 2013 * Outlook: Remains "confident" for 2013 * 9-mo. total rev. EU20.7b, est. EU20.93b (median of 14) * 9-mo. overall organic sales growth 8%, est. 9% (median of 13); in 1H up 8% * 9-mo. Wines & Spirits organic sales growth 7%, est. 5%(median of 13) * 9-mo. Fashion & Leather Goods organic growth 4%, est. 6% (median of 13), in 1H up 5% * 9-mo. Perfumes & Cosmetics organic growth 5%, est. 7% (median of 13) * 9-mo. Watches & Jewelry organic growth 3%, est. 2.2% (medianof 13) * 9-mo. Selective Retailing organic growth 19%, est. 19% (median of 13)

KORS, TIF at Session Low After LVMH 3Q Rev. Misses Est. Michael Kors drops as much as 1.1%, reversing earlier gain of 1.9%, after LVMH 3Q rev., organic sales growth miss ests. * KORS 50-DMA at $73.45 * TIF down as much as 0.8%

Belgian police raid homes of HSBC Swiss bank clients in tax probe

BRUSSELS (Reuters) - Belgian police raided the homes in Brussels and Antwerp of some 20 clients of HSBC Private Bank on Tuesday as part of an investigation into tax evasion, Brussels prosecutors said.

The prosecutors' office said in a statement that the investigation had begun after French tax officials handed a CD-ROM disc to their Belgian counterparts containing details of HSBC Private Bank accounts in Switzerland held by Belgian residents.

They said 90 federal agents were tasked with establishing what part HSBC Private Bank's Swiss arm in Geneva might have played in the administration of its Belgian client base.

A spokeswoman for HSBC (HSBA.L) declined to comment.

Under EU rules, member states can tax savings even if they are earned in a different member state and under an agreement signed between the bloc and Switzerland in 2004 people liable to pay Belgian tax were charged a 15 percent tax on interest earned from savings held in Switzerland. In 2011 that rate was raised to 35 percent.

Saft Groupe SA Wins Major Lithium Battery Orders for Smart Gas and Water Meter Projects in China - Won two major contracts to supply primary lithium batteries for domestic smart meter projects. In its first ever smart gas meter contract in China, Saft will supply around 500,000 Li-SOCl2 cells over the next four years to one of the countrys top five smart gas meter OEMs and around 500,000 Li-SOCl2 cells to the leading water meter OEM in China over the next six months.

Have a look to his holdings :

Pos. %net Value GlaxoSmithKline PLC 74.41M 8.810% 1.22B AstraZeneca PLC 37.74M 8.630% 1.20B BT Group PLC 263.17M 6.160% 856.08M Roche Holding AG 4.64M 5.380% 747.68M BAE Systems PLC 168.65M 5.280% 733.78M British American Tobacco PLC 21.60M 5.060% 703.21M Imperial Tobacco Group PLC 29.20M 4.480% 622.60M Reynolds American Inc 19.82M 4.390% 610.10M Reckitt Benckiser Group PLC 13.72M 4.330% 601.76M Capita PLC 59.18M 4.060% 564.23M

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Neil Mason to Run GLG Multi-Strategy Funds: Investment Week Link 2013-10-15 15:14:15.24 GMT

By Karen Goldfarb Oct. 15 (Bloomberg) -- {NSN MUNJAFBE07I9 <go>}

Link to Company News:{EMG LN <Equity> CN <GO>}

For Related News and Information: First Word scrolling panel: {FIRST<GO>} First Word newswire: {NH BFW<GO>}

To contact the editor responsible for this story: Karen Goldfarb at +1-212-617-5732 or kgoldfarb1@bloomberg.net

Capita drops as much as 6.1%, most since April 24, 2012; vol. 1.5x 3-mo. daily avg. at 3:20pm U.K. time. • Neil Woodford to leave Invesco Fund Managers in April, set up own fund Invesco owns 22% of Capita, also owns stakes in Serco (-3.2%) Rentokil (-1.3%) Bunzl (little changed), G4S (-0.3%) • For list of all Invesco shareholdings see here • Woodford also runs Edinburgh Investment Trust (-4.7%)

*RHÖN-KLINIKUM BRAUN MELSUNGEN BOOSTS STAKE IN RHÖN-KLINIKUM TO *RHÖN SAYS BRAUN MELSUNGEN BOOSTS STAKE TO 10.98% OF ALL SHRS *BRAUN MELSUNGEN BOOSTS STAKE IN RHÖN-KLINIKUM TO 10.98% OF SHRS *BRAUN HOLDS BLOCKING MINORITY REGARDING SOME AGM RESOLUTIONS *BRAUN WANTS TO FURTHER INCREASE STAKE WITHIN NEXT 12 MTS: RHOEN *BRAUN WANTS TO OBTAIN SUPERVISORY BOARD REPRESENTATION: RHOEN *RHOEN-KLINIKUM SAYS NO DECISION ABOUT BOARD VACANCIES MADE YET *RHOEN-KLINIKUM TO CONTINUE TO SEEK DIALOG WITH BRAUN MELSUNGEN

House Rep Ryan (R-WI): Senate provisions on budget are not enough to solve the problems