Stock Movers Ericsson Jumps, EasyJet Surges, Michelin Drops
Oct 14, 2025
Ericsson's shares soared 11% after reporting strong profits and securing a major deal with Vodafone. EasyJet also experienced an 11% surge fueled by speculation of a potential buyout by Mediterranean Shipping Company. Meanwhile, Michelin faced a downturn as it lowered its financial outlook due to disappointing sales in North America, raising concerns about the tire market. The contrasting fortunes of these companies highlight the dynamic nature of the stock market.
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Ericsson's Profit Turnaround
- Ericsson reported a big jump in third-quarter profit driven by the sale of its iConnective routing business and stronger margins.
- The company also signed a five-year programmable network deal with Vodafone, suggesting operational execution amid weak end markets.
Sector Signal From Ericsson
- Analysts view Ericsson's quarter as proof that cost cuts and margin improvements can offset weak 5G equipment demand and currency headwinds.
- Nokia shares also rose, indicating investors see the results as a broader sector improvement.
Takeover Rumors Boost EasyJet
- Reports said Mediterranean Shipping Company is considering an offer for EasyJet in partnership with an investment firm, though MSC denied involvement.
- Analysts expressed skepticism about synergies between a container shipping business and an airline, yet the stock jumped on takeover chatter.