Stock Movers Richemont Jumps, Siemens Energy Gains, LLoyds Down
Nov 14, 2025
Chloe Millet, a Bloomberg reporter specializing in European markets, shares her insights on recent market shifts. She discusses Richemont's impressive sales surge, fueled by luxury demand in the US and China. Siemens Energy is making headlines too, with raised targets driven by robust gas turbine and data center equipment sales. On a different note, Lloyds Banking Group faces a downturn after the UK government’s budget changes create investor uncertainty. A must-listen for anyone following market trends!
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Luxury Demand Rebound Fuels Richemont
- Richemont's sales beat estimates driven by strong US and China demand, especially in its jewellery segment including Cartier and Van Cleef & Arpels.
- A pending US-Switzerland tariff deal could further remove headwinds and boost Richemont's growth momentum.
Siemens Energy Benefits From AI And Restructuring
- Siemens Energy raised its mid-term targets due to strong demand for gas turbines and data centre equipment tied to AI build-outs.
- Restructuring at its Gamesa wind unit should push that division toward potential break-even in 2026 despite current losses.
UK Budget U-Turn Squeezes Lloyds
- Lloyds shares fell after reports Rachel Reeves dropped plans to raise headline income tax, sparking investor concern over revenue replacement.
- The decision increased uncertainty ahead of the budget and hit domestically exposed UK banks hardest.