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Alstom Plunge, Workspace Squeeze, Delivery Hero Sale
Published 2 weeks, 1 day ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Alstom shares slid the most in over two years after the manufacturer withdrew financial guidance, with new Chief Executive Officer Martin Sion citing slow progress on key projects for railway rolling stock.
- Workspace Group shares tumbled after the company warned investors it faces a “substantial” profit squeeze due to higher costs and lower rents that will force the London-based flexible office landlord to cut its dividend.
- Uber Technologies is raising its holding in Delivery Hero SE, buying a stake from its European rival’s biggest shareholder for €270 million ($318 million).
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