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L'Oreal Rises, WHSmith Tumbles, Forvia Climbs
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- L’Oréal shares surged after sales climbed as customers snapped up its Kérastase shampoos and La Roche-Posay skin creams, suggesting a rebound is taking hold.
- WH Smith slumps as much as 17% after the travel retailer cut full-year profit guidance, citing weaker passenger numbers linked to the Middle East conflict, while also suspending dividends to aid deleveraging. Shares are approaching 14-year lows, with the moves weighing on peers SSP and Avolta.
- Apollo is nearing a deal to acquire the auto interiors business of Forvia people familiar with the matter said. The private equity firm is putting the final touches on an acquisition that could value the asset at about €1.4 billion ($1.6 billion), according to the people.
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