CSG Soars, Babcock Down, Ericsson Jumps

On this episode of Stock Movers:
- Armored vehicle and munitions maker CSG’s shares soared in its Amsterdam trading debut on Friday morning, after the firm and its owner raised €3.3 billion ($3.9 billion) in an initial public offering.Shares rose as high as €33 apiece in the first hours of trading, 32% higher than the offer price of €25 each.
- Babcock shares drop as much as 3.8% after the support services company said CEO David Lockwood is retiring and will be succeeded by the head of its Nuclear division, Harry Holt.
- Ericsson proposed its first-ever buyback after fourth-quarter earnings beat analysts’ forecasts. Shares rose as much as 12% to 96.28 kronor in Stockholm, erasing its losses from over the last 12 months.

See omnystudio.com/listener for privacy information.