Stock Movers Nestle Jumps, Kering Dips, Nordea Rises
Oct 16, 2025
Nestle's shares skyrocketed after impressive quarterly sales and a bold plan to cut 16,000 jobs. Meanwhile, Kering faced a downgrade from analysts due to troubling demand in the luxury market, especially in China. On a brighter note, Nordea Bank reached record high shares, buoyed by strong net interest income and a significant share buyback program. This dynamic interplay of corporate performance and market trends makes for an engaging discussion.
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Nestle's Dual Boost: Sales And Cuts
- Nestle reported stronger-than-expected sales driven by both price and volume improvements.
- The company also announced a 16,000-job cut as a bold early move by new CEO Philip Navratil to regain investor trust.
New CEO Acts After Scandal
- Philip Navratil joined as Nestle's CEO last month after the office romance scandal prompted the previous CEO's departure.
- Analysts say his assertive early moves may help restore fragile investor trust.
Luxury Faces Structural Demand Risks
- Berenberg downgraded Kering to sell and cut LVMH to hold, citing structural demand problems in luxury.
- Analysts highlighted weak China demand and shifting younger-consumer behavior as key sector risks.