Schroders Deal, Adyen Wipe Out, Hermes Beat
Today's biggest winners and losers in the stock market. On this episode of Stock Movers:- Nuveen is buying Schroders in a £9.9 billion ($13.5 billion) deal, creating one of the world’s largest active asset managers with nearly $2.5 trillion of assets.- Adyen plunged the most since August, wiping out €6.6 billion ($7.8 billion) in its market value, after it softened its revenue growth forecast for the year due to economic uncertainty. - Hermès sales grew on robust demand for its coveted Birkin bags, with one of the luxury industry’s most resilient players chalking…
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