Tesco Climbs, Imperial Brands Rises, Zealand Pharma Slips
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Tesco shares rise as much as 3.9% as analysts said the company’s first-half results were strong and pointed to a £200m increase in share buyback plans. Tesco narrowed its adjusted operating profit forecast for the full year, raising the lower end of its guidance range.
- Imperial Brands shares rise as much as 4% after the company reaffirmed its adjusted operating profit forecast for the full year.
- Zealand Pharma is cut to hold from accumulate at KBC, with analysts saying they have reduced commercial assumptions for key company assets due to petrelintide trial results, survodutide’s high discontinuation rates and pricing pressure in obesity.
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