NatWest Slips, Man Group Rises, Brunello Cucinelli Jumps
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.
- Man Group shares gain as much as 3.3% after the UK investment firm reported stronger-than-expected inflows for the third quarter, with growth across both alternative and long-only strategies.
- 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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