Top UK Rolex Seller Rises as Outlook Eases Concern Over Tariffs

Watches of Switzerland Group Plc shares rose the most since April after the company’s outlook for the first half of its financial year eased investors’ concerns over the impact of US tariffs.

The stock jumped as much as 11% in early trading, and was 7.2% higher by 9:46 a.m. in London. Even so, the shares remain near 2020 lows on concerns over soft demand for high-end watches and the 39% levy the US slapped on imports from Switzerland.

WATCH: Watches of Switzerland CEO Brian Duffy speaks on Bloomberg TV.

Source: Bloomberg

Trading has been “consistently strong,” particularly in the US, in the fiscal first half — which runs through October — despite ...