Inditex Tumbles, UK Home Builders Higher, Demant Gains
Inditex Tumbles, UK Home Builders Higher, Demant Gains On this episode of Stock Movers:- Zara-owner Inditex SA reported a muted start to the second quarter and warned that foreign-exchange headwinds could have a greater impact on results this year than anticipated. Shares tumbled.- Homebuilders more broadly are being bathed in a more positive sentiment thanks to UK government plans to spend more on affordable homes. Chancellor Rachel Reeves is today expected to detail plans to direct £39 billion of public money over 10 years to an affordable homes plan.- Demant shares rise as much as…
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