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HSBC Falls, Intertek Jumps, Rheinmetall Gains
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- HSBC shares declined as much as 5.6% in London trading after the lender missed estimates in the first quarter, weighed by higher costs and impairments.
- EQT raised its offer for Intertek Group to roughly £8.9 billion ($12.1 billion) as it ramps up its efforts to acquire the British product-testing company. Intertek shares jumped as much as 9.6% to above £52 in early Tuesday trading in London.
- Rheinmetall shares rise as much as 2.3% after the German defense and engineering firm pre-released a first-quarter sales miss, saying it expects to deliver a stronger performance in the second three-month period. Operating margin was in line, which analysts saw as a positive.
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