Stock Movers Lloyds Falls, Ottobock Rises, Ferrari Drops
Oct 9, 2025
Lloyds Banking Group faces a steep drop in shares as it plans to compensate customers for missold car loans. Meanwhile, Ottobock shines with a successful debut on the Frankfurt stock exchange, raising €700 million in Germany's largest IPO in over a year. Ferrari teases its electric car ambitions but scales back expectations, aiming for 20% of its lineup to be fully electric by 2030, while maintaining a balance with hybrids and combustion engines. Market shifts and strategic pivots take center stage!
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Lloyds Faces Material Car-Loan Hit
- Lloyds will likely add a potentially material provision to compensate customers over a long-running missold car loan saga.
- The bank already set aside over £1 billion and estimates suggest the new hit could be around £500 million.
HSBC Pauses Buybacks To Fund Hang Seng Deal
- HSBC will buy out minority shareholders in Hang Seng Bank, spending about US $14 billion to take it private.
- To finance the deal, HSBC will refrain from buybacks for the next three quarters, weighing on shareholder sentiment.
Ottobock’s Strong Frankfurt Debut
- Ottobock, a prosthetics firm partnered with the Paralympics since 1988, listed in Frankfurt and saw its shares jump from the offering price.
- The IPO raised just over €700 million and was the biggest in Germany in more than a year.