Stock Movers Greencore Jumps, AkzoNobel Falls, Infineon Auto Fears
Jul 22, 2025
Greencore's shares soared by 9.3% after a positive profit outlook, marking their highest levels since early 2020, while Bakkavor also reached an all-time high due to Greencore's acquisition. In contrast, AkzoNobel's shares fell 5.3% after a disappointing results forecast, citing currency headwinds and decreased profit guidance. Meanwhile, Infineon and STMicroelectronics are bracing for challenges in the auto sector, as weakening demand strains semiconductor sales. The interconnectedness of these industries raises concerns for future earnings.
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Greencore's Growth Outpaces Industry
- Greencore, a UK ready-meal sandwich maker, lifted its profit outlook due to strong volume growth aided by favorable summer weather.
- Efficiency improvements helped offset rising costs and positively impacted Greencore's acquisition of Bakkavor, pushing both stocks up.
AkzoNobel Faces Currency and Tariff Challenges
- AkzoNobel cut its yearly profit forecast due to currency headwinds from a 13% rise in the euro and tariff uncertainty.
- Weak markets in North America and China plus higher chemical costs weigh heavily on the company's outlook.
Auto Sector Weakness Hits Chipmakers
- European chipmakers like Infineon and STMicro face sales pressure due to weak automotive and industrial demand.
- Companies heavily exposed to automotive, like NXP, are hit hardest as carmakers report losses and margin cuts amid intense competition.