Episode Details
Back to Episodes
HSBC Down, Sainsbury's Dips, Inditex Soars
Published 3 months, 2 weeks ago
Description
On this episode of Stock Movers:
- HSBC unexpectedly appointed Brendan Nelson as its next chair, choosing an insider to replace hard-charging financier Mark Tucker who has led Europe’s largest lender for much of the last decade.
- Qatar’s sovereign wealth fund sold a stake worth about £266 million ($352 million) in J Sainsbury Plc, bringing an end to its near two-decade run as the largest shareholder in the supermarket.
- Inditex sales accelerated in November, the Zara owner highlighting its resilience in the face of weakening consumer sentiment that’s hitting many of its peers.
See omnystudio.com/listener for privacy information.