Stock Movers UniCredit Down, Adidas Slips, ITV Tumbles
Oct 22, 2025
UniCredit reported better-than-expected profits but left investors unimpressed with concerns over net interest income and tax issues. Adidas struggled with currency impact on sales, despite raising profit forecasts. In a surprising move, Liberty Global sold a significant stake in ITV, marking a notable investment loss and sparking takeover rumors. Tune in for insights on these market movers and more!
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Earnings Beat Isn’t Enough
- UniCredit beat Q3 profit and revenue estimates but investors remained unimpressed due to weak outlook signals.
- Market focus shifted to lower net interest income, potential higher Italian bank taxes, and no guidance upgrade.
Execution Pressure After Failed Takeover
- Andrea Orcel’s earlier streamlining and takeover push raised expectations that recent deal failures have dented.
- That failed Banco BPM bid increases pressure to deliver organic execution at UniCredit itself.
FX Headwinds Dull Positive Guidance
- Adidas missed revenue estimates as foreign exchange movements created a significant headwind.
- The company raised operating profit guidance, but that was already priced in and failed to excite the market.