Stock Movers HSBC Down, Sainsbury's Dips, Inditex Soars
Dec 3, 2025
Louise Moon, a Bloomberg breaking news editor, dives into the surprising appointment of Brendan Nelson as HSBC's chair, revealing its potential implications for the banking giant. She discusses Qatar’s decision to sell its significant stake in Sainsbury's after almost 20 years, marking a major shift for the supermarket. Lastly, Moon highlights Inditex's impressive sales surge in November, showcasing Zara’s resilience amidst a challenging retail landscape, reassuring investors about the brand's strong performance.
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HSBC Chooses A Safe, Internal Chair
- HSBC picked Brendan Nelson, an internal and familiar choice, signaling a cautious leadership move.
- The hire highlights challenges finding external candidates and the need for steady hands amid US-China tensions.
Qatar Exits Its Long Sainsbury Holding
- Qatar's wealth fund sold about 84 million Sainsbury shares, ending a nearly 20-year run as biggest shareholder.
- The move follows long-term share underperformance and suggests further sell-downs are likely.
Sainsbury's Long Decline, Recent Recovery
- Sainsbury's shares have fallen roughly 45% since Qatar invested, reflecting heavy competitive pressures.
- Recent sales growth and promotions helped shares recover about 19% this year, enabling the shareholder exit.