Stock Movers Greggs Gains, Rheinmetall Falls, Fresnillo Rises
Dec 1, 2025
Chloe Millay, a Bloomberg reporter, dives into the pressures on Greggs, where an activist investor is pushing for significant cost cuts to fend off a takeover. She also discusses the fall of Rheinmetall and other European defense stocks due to positive developments in Ukraine-Russia negotiations. The spotlight then shifts to Fresnillo, which is thriving as copper and silver prices reach record highs amid supply chain concerns. Chloe's insights paint a vivid picture of the current market landscape.
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Cut Costs Or Risk A Takeover
- Do push Greggs to cut at least £20 million of annual costs to reduce takeover vulnerability.
- Activist pressure signals shareholders expect stronger cost control amid input-price and wage pressures.
Share Decline Amplifies Operational Risks
- Greggs' share price fell over 40% this year and it's London's most shorted stock, amplifying takeover risk.
- Operational headwinds include rising ingredient costs, minimum wage increases, and weak summer sales.
Diplomacy Moves Defence Stocks
- Defence stocks like Rheinmetall fell after reports of productive Ukraine-Russia talks reduced near-term demand expectations.
- Market moves reflect sensitivity to diplomatic progress and ongoing uncertainty about any deal's durability.