BMW Stalls, Hapag-Lloyd Up, AO World Down
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- BMW shares fall as much as 12% to their lowest since November 2020 after the German carmaker slashed its profitability forecast and ramped up its cost-cutting program, flagging worsening demand in China and negative sentiment from the war in the Middle East. - Hapag-Lloyd shares rise as much as 6.1%, before paring the move, following a Manager Magazin report that Mediterranean Shipping Company owner Gianluigi Aponte has enquired with shareholders in the German container shipper about buying a stake. - AO…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.