Stock Movers Equinor Up, Rheinmetall In Focus, Greggs Bakes in Gains
May 20, 2025
European wind stocks are soaring after policy changes lifted a construction halt on a major project, boosting investor sentiment. Attention also shifts to European defense stocks with potential peace talks amid the Ukraine war, though reactions remain muted. Meanwhile, Greggs is celebrating a substantial sales surge, reporting an 8.8% increase and a positive market outlook, bolstered by popular menu items like their viral macaroni and cheese. Analysts are optimistic about the food retailer's growth trajectory.
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Renewables Revival with Policy Shift
- The Trump administration lifting a halt on Equinor's $5 billion offshore wind project signals a policy reversal favoring renewables.
- This shift boosted European offshore wind stocks significantly, with companies like Allstead and Vestas surging.
Europe's Defense Spending Insight
- Potential immediate peace talks between Moscow and Kyiv under Trump comments suggest US stepping back.
- Europe's defense stocks rose as the continent likely plans to increase its own military spending for independence from the US.
Greggs Sales Rebound Gains
- Greggs shows impressive 7% sales growth in the last quarter amid a rebound.
- This improvement reignites optimism after a dip in stock price, with new viral products like macaroni and cheese aiding sales.