Stock Movers ABN Amro Job Cuts, Kingfisher Upbeat, Rheinmetall on Ukraine
Nov 25, 2025
Chloe Millet, a Bloomberg reporter known for her incisive corporate analysis, joins the discussion to unpack critical developments in the market. She reveals ABN Amro's drastic plan to cut 20% of its workforce under new CEO Marguerite Berard, aiming to enhance profitability. Chloe also highlights Kingfisher’s positive turn, with raised earnings guidance after exceeding sales estimates. Additionally, the renewed Russia-Ukraine conflict stirs activity in European defense stocks, notably Rheinmetall, adding a layer of urgency to the market landscape.
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Major Restructuring At ABN Amro
- ABN Amro will cut about 5,200 jobs, roughly 20% of its workforce, to cut costs and boost profitability.
- The bank aims for €10bn+ revenue by 2028 and will divest unprofitable units like Alfam to sharpen focus.
Targets Look Achievable But Stretchy
- Analysts view some revenue targets as achievable but see return-on-equity goals as more challenging to hit.
- The CEO Marguerite Bérard is repositioning the bank toward Dutch retail and private banking growth.
Kingfisher Defies Weak Consumer Mood
- Kingfisher raised its full-year earnings guidance and posted Q3 sales ahead of estimates, driven by UK big-ticket and e-commerce strength.
- Click-and-collect and Screwfix/B&Q performance offset weaker consumer sentiment elsewhere.