Stock Movers Verisure Rises, Close Brothers Up, ABB Surges
Oct 8, 2025
Verisure made waves with its remarkable trading debut, raising €3.2 billion and marking the largest European IPO in three years. Meanwhile, Close Brothers and Lloyds saw their shares jump after favorable news on compensation estimates for missold car loans. ABB reached a record high by agreeing to sell its robotics division to SoftBank for $5.4 billion, pivoting towards more profitable ventures. These dynamics highlight the ever-changing landscape of the financial market.
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Stockholm IPO Shows Market Strength
- Verisure's Stockholm IPO raised €3.2 billion and pushed its shares sharply higher on debut.
- The success reinforces Stockholm's role as a leading European venue for IPO fundraising this year.
Lower FCA Estimate Eases Lender Strain
- The FCA now estimates an £11 billion compensation hit for missold car loans, lower than some lenders feared.
- That reduced estimate lets banks like Lloyds and Close Brothers free up previously reserved capital and boosts their share prices.
Watch For Released Loan Reserves
- Assess balance sheets after regulatory clarifications to find potential capital releases.
- Watch banks like Lloyds for announced reserve reversals that can flow into earnings or capital returns.