Stock Movers AJ Bell Profits Soar, Games Workshop Down, Hexagon Mulls Sale
May 23, 2025
AJ Bell's shares soar 10% after impressive earnings, reaching a high not seen since December. Meanwhile, Games Workshop sees a 4.1% dip due to a disappointing trading update, with analysts pointing to fewer game releases ahead. On another front, Hexagon AB is exploring a potential multibillion-dollar sale of its engineering simulation software business to streamline operations. This mix of triumphs and setbacks reveals the dynamic nature of the market.
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AJ Bell Shares Surge on Volatility
- AJ Bell's shares jumped 10%, the highest in a year, after beating first-half expectations.
- Market volatility and retail investor interest boosted trading opportunities, benefiting AJ Bell.
Games Workshop's Physical Games Business
- Games Workshop's core business focuses on physical tabletop games, not video games.
- The company missed earnings expectations, causing shares to drop due to a sparse upcoming game release and headwinds.
Hexagon Considers MSC Spinoff
- Hexagon, a $30 billion Swedish engineering firm, plans to spin off its MSC Software business.
- The spin-off could fetch $2 billion, more than double the acquisition price, driving Hexagon's stock gain.