Beiersdorf Slumps, Hiscox Jumps, Glencore Falls
On this episode of Stock Movers:- Beiersdorf shares fell as much as 10% to their lowest level since November 2022, after the maker of personal care products reported weaker organic growth than expected and cut its full-year guidance, as a slowdown in the global skincare market hurt the Nivea brand. Analysts said the outlook cut was somewhat expected, but the magnitude is pressuring shares.- Hiscox shares rose as much as 15% to the highest since November 2019 after the insurance company reported first-half pretax profit that beat the average analyst estimate. Citi noted positives from the…
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