Stock Movers Diageo Rises, JTC Down, ASML Gains
Nov 10, 2025
Louise Moon, Breaking News editor at Bloomberg, shares her insights on the latest market shifts. She discusses Diageo's appointment of Dave Lewis as CEO, highlighting his track record with Tesco and the market's positive reaction. Louise delves into Diageo's lowered outlook and challenges, including management changes and tariff impacts. She also analyzes JTC's falling shares amid a buyout by Permira, revealing investor concerns. Finally, Louise connects TSMC's robust sales growth to increased demand for ASML's lithography tools, reflecting a strong AI market.
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Trusted Turnaround Leader Arrives At Diageo
- Dave Lewis's appointment as Diageo CEO is widely welcomed and lifted the stock over 7% in London.
- His track record at Tesco of shedding underperforming units and restoring performance suggests he may steer Diageo through its slump.
Dave Lewis's Tesco Turnaround Story
- Louise Moon recalls Dave Lewis joining Tesco in 2014 amid an accounting scandal and turning the retailer around.
- He ended his tenure as Tesco CEO in 2020 after boosting performance through firm restructuring.
Diageo Faces Structural And Leadership Challenges
- Diageo cut its four-year outlook citing tariffs and changing alcohol demand, including shifts in China.
- The company also faced management upheaval with an interim CEO after its prior CEO left in July.