Stock Movers Besi Soars, TUI Down, Tesco Up
Jun 12, 2025
Shares of BE Semiconductor soared after an optimistic revenue outlook, marking the highest levels since January. Meanwhile, airline stocks took a hit as falling airfares and rising jet fuel costs created turbulence for the sector. In a remarkable twist, Tesco's sales exceeded expectations, thanks to a surge in premium and own-brand products, showcasing resilience amid stiff competition in the grocery market.
AI Snips
Chapters
Transcript
Episode notes
BE Semiconductor's Strong Outlook
- BE Semiconductor raised its long-term revenue target from €1 billion to €1.9 billion, almost doubling it.
- The company also expects stronger margins and financial targets, boosting investor confidence.
Airline Stocks Hit by Fares and Fuel
- Airlines stocks fell due to declining US airfares for the fourth month and rising oil prices.
- The lower fares and higher fuel costs create a double challenge for airlines globally.
Tesco Beats Sales Expectations
- Tesco reported a stronger than expected 5% increase in like-for-like sales, beating analyst forecasts.
- Despite sector competition and discounting, Tesco's sales growth signals resilience in the grocery market.