Stock Movers Diageo Gains, Novo Rises, Siemens Energy Up
Nov 10, 2025
Chloe Millay, a Bloomberg reporter with expertise in European markets, shares insights on recent developments in major companies. Diageo has appointed Dave Lewis, former Tesco CEO, to navigate its recovery. Novo Nordisk's stock surged after it pulled out of a $10 billion acquisition bid, paving the way for Pfizer. Meanwhile, Siemens Energy, upgraded to 'buy' by Jefferies, is enjoying a robust order backlog, defying its undervalued status. Chloe's analysis brings clarity to these pivotal market movements.
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Retail Turnaround To Steady Diageo
- Diageo appointed Dave Lewis to steady leadership and leverage his retail turnaround skills.
- Investors reacted positively, seeing the hire as a way to address slowing sales in key markets.
Novo Withdraws From Metsera Bidding
- Novo Nordisk withdrew its $10 billion offer for Metsera, easing takeover pressure and regulatory concerns.
- Markets welcomed the exit because it removed overpay and FTC antitrust risks and cleared the path for Pfizer.
Siemens Energy Seen Undervalued Despite Rally
- Jefferies upgraded Siemens Energy to buy, citing undervaluation despite strong YTD gains and record order backlogs.
- Analysts expect sustained demand from grid and power generation investments into 2026.