Stock Movers AB Foods, Telefonica Plunges, Royal Philips Rises
Nov 4, 2025
Louise Moon, a Bloomberg breaking news editor with expertise in European stocks, dives into the latest corporate shifts. She discusses the potential separation of Primark from AB Foods and the positive outlook it brings. Louise also analyzes Telefonica’s dramatic share plunge following a major dividend cut strategy. In contrast, Royal Philips sees a stock rise fueled by better-than-expected quarterly results and strong US demand. Tune in for insightful stock market dynamics and corporate strategies!
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AB Foods Weighs Strategic Breakup
- Associated British Foods is considering spinning off Primark to let the retail chain be valued more cleanly against peers.
- The company is also reviewing its food unit, signaling a broader restructuring of AB Foods' divisions.
Telefonica Cuts Dividend To Fund Growth
- Telefónica's new chairman plans to halve the 2026 dividend to redirect cash into the core business and new areas like defence and cybersecurity.
- Markets punished the move, erasing the stock's year-to-date gains amid uncertainty over expected savings and investment targets.
Philips' Mixed Quarter: US Demand Helps
- Royal Philips reported stronger-than-expected adjusted EBITA and robust US order demand, which lifted its shares.
- The company still faces FDA site standards warnings, safety concerns on sleep apnea devices, tariff uncertainty, and weak China demand.