On this episode of Stock Movers:
- Unilever spinoff The Magnum Ice Cream Co. opened below the reference price in its market debut on Monday, after a separation aimed at giving the world’s biggest ice cream company a platform to revive its performance as a standalone firm.
- TotalEnergies agreed to combine its British oil and gas business with that of Repsol and HitecVision, the latest in a wave of consolidation in the UK North Sea. TotalEnergies traded down 0.8% in Paris on Monday, while Repsol shares were up 1% in Madrid.
- Smith & Nephew plans to pare its portfolio further as part of a new effort to boost growth. The medical device maker aims for between 6% and 7% in underlying annual revenue growth under a new strategy that will take it to 2028, it said Monday
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