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Adidas Targets Hit by Weakening Currencies

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Adidas Targets Hit by Weakening Currencies
AIRED:
They're the world's second largest sportswear group by sales. But Adidas, owner of the Reebok brand, has issued a surprise profit warning sending shares tumbling almost 6 percent in early trade. One of the reasons given was weakening currencies in a number of countries, including Russia and Japan. Jeremy Batstone from Charles Stanley warns more companies may be hit.moreless
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