LLoyds Falls, Nordex Rises, Brunello Cucinelli Gains
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- UK bank stocks fall after a report that UK Chancellor of the Exchequer John Healey is set to raise taxes on them as part of this month’s budget. Lloyds (-2%), NatWest (-1.9%) and Barclays (-0.4%) are among the worst performers on the Stoxx 600 Banks Index.
- Nordex shares rise as much as 15%, the most since April, after the wind turbine manufacturer posted third-quarter earnings that smashed expectations and raised its margin goal for the full year.
- Brunello Cucinelli shares rose as much as 4.9% in Milan after the Italian luxury firm reported third-quarter earnings that beat expectations and raised its growth guidance for the year. The performance demonstrates the brand’s resilience against a worsening sector backdrop, analysts said.
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