On this episode of Stock Movers:
- Greencore Group shares jump as much as 9.3%, trading at their highest level since January 2020, after the food manufacturer lifted its profit outlook for the year. Analysts at Jefferies say the firm’s growth is outpacing the wider grocery industry. The update has also lifted Bakkavor to an all—time high, with the firm in the process of being bought by Greencore.
- AkzoNobel shares fall as much as 5.3%, the most since early April, with Morgan Stanley analysts calling it a “disappointing set of results” with pricing/mix coming in below their expectations. AkzoNobel cut its profit forecast for the year, as it factored the impact of currency headwinds into its guidance and warned of ongoing tariff uncertainty.The maker of Dulux paints now expects its 2025 adjusted earnings before interest, taxes, depreciation and amortization to be above €1.48 billion ($1.73 billion), according to a statement Tuesday. The firm previously guided for more than €1.55 billion.
- Weaker demand in the auto and industrial segments could be a drag on sales for Infineon Technologies AG and STMicroelectronics NV. Last week, Renault SA slashed its guidance for this year’s operating margins because of intensifying competition and a decline in the auto market. Stellantis NV on Monday reported a surprise first-half net loss.
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