Lloyds Shares Fall After UK Budget U‑Turn

On this episode of Stock Movers:
- Richemont sales climbed as shoppers from the US to China snapped up the luxury group’s pricey Cartier and Van Cleef & Arpels jewelry.
- Siemens Energy raised its mid-term financial targets on strong demand for gas turbines and data center equipment as well as restructuring progress at its Gamesa wind turbine unit.
- Lloyds Banking Group shares dipped on the back of a UK asset sell off on reports that Chancellor Rachel Reeves has dropped plans to raise the headline rates of income tax in the coming budget.

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