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B&M 'Weak', Shell's Rebound, Hello Fresh Slumps
Published 5 months, 1 week ago
Description
On this episode of Stock Movers:
- B&M European Value Retail shares drop as much as 22%, marking a record drop that has sent shares to an all-time low. CEO Tjeerd Jegen warned operational execution has been “weak” and weighed on first-half performance.
- Shell shares rise as much as 2.3%, the most since July. The company gave an October trading update that analysts saw as upbeat, forecasting higher 3Q integrated gas production and upstream volumes.
- HelloFresh shares drop as much as 7.1%, slipping to their lowest level in almost a month, after the US Department of Agriculture’s Food Safety and Inspection Service issued a public health alert concerning ready-to-eat meals sold by the company.
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