Nestle Jumps, Kering Dips, Nordea Rises
On this episode of Stock Movers:- Nestle shares surged after it posted a stronger-than-expected increase in quarterly sales and announced plans to slash 16,000 jobs. - Kering has been downgraded to sell from hold by an analyst at Berenberg amid concerns over demand-side challenges in the luxury sector.- Nordea Bank shares rose to a record high after the Helsinki-based lender beat on net interest income and announced a spare of share buybacks.See omnystudio.com/listener for privacy information.
The skinny
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