Stock Movers Sainsbury's Up, Orsted Discount, Saab Falls
Sep 15, 2025
Sainsbury's has cut ties with JD.com over a failed deal for Argos, citing major term revisions. Orsted faces a tough road ahead as it plans to sell shares at a steep discount to regain investor trust after missteps in the U.S. market. Meanwhile, Saab's shares plummet due to the Indian Air Force's interest in a different fighter jet, leaving Saab to address concerns over its Gripen model. Tune in for insights on how these moves are shaking up the market.
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Sainsbury's Held Out For Better Terms
- Sainsbury's rejected JD.com's revised terms because they weren't in shareholders' best interests.
- Investors saw the rejection positively, expecting Sainsbury's to seek a better price or refocus on its core food business.
Argos Sale Would Simplify Sainsbury's Business
- Analysts say selling Argos would let Sainsbury's refocus on food and reduce earnings volatility.
- Argos had been cyclical and a drag, so a profitable sale would reassure investors.
Ørsted's Deeply Discounted Rights Issue
- Ørsted priced a $9.4 billion rights issue at a 67% discount to shore up its finances after setbacks.
- The capital raise's success is crucial for restoring investor confidence and enabling future growth.