Stock Movers Renault's Rating, Puma Socks, WH Smith Probe
Dec 19, 2025
Chloe Millet, a Bloomberg reporter specializing in European stocks, discusses Renault's significant upgrade to investment-grade status by S&P, attributing it to effective leadership and strategic expansions. She explores the ripple effects of Nike's sales warning on Puma's momentum, highlighting the struggles both brands face in appealing to Chinese consumers. Additionally, Chloe sheds light on WH Smith's ongoing FCA investigation due to a massive accounting error, revealing the subsequent financial fallout and impacts on corporate credibility.
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Renault's Rating Rebound
- Renault regained investment-grade from S&P after refreshing its product lineup and expanding outside Europe.
- The move signals revenue and volume improvement and supports the new CEO's cost-focused strategy.
China Weakness Harms Puma
- Nike's warning about weak Converse sales and China demand suggests continued headwinds for Puma in that market.
- Puma may struggle without a standout product as Chinese consumers seek niche performance features.
Regulator Probe Deepens WH Smith Crisis
- WH Smith faces an FCA probe after an accounting error that overstated North American results by £30m.
- The error has led to plunging shares, delayed results, a CEO resignation, and a cut to the annual dividend.