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Schroders Deal, Adyen Wipe Out, Hermes Beat
Published 1 month ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Nuveen is buying Schroders in a £9.9 billion ($13.5 billion) deal, creating one of the world’s largest active asset managers with nearly $2.5 trillion of assets.
- Adyen plunged the most since August, wiping out €6.6 billion ($7.8 billion) in its market value, after it softened its revenue growth forecast for the year due to economic uncertainty.
- Hermès sales grew on robust demand for its coveted Birkin bags, with one of the luxury industry’s most resilient players chalking up gains across all markets and most of its products.
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