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Hugo Boss Offer, Wizz Air Wipeout, ASML Cuts
Published 1 week, 3 days ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Frasers offered to buy the rest of Hugo Boss for about €2 billion ($2.3 billion) as billionaire Mike Ashley seeks to add another fashion brand to his growing collection.
- Wizz Air said the Iran conflict shaved €50 million from earnings in its fiscal full year, almost wiping out profit in the period, while vowing to take advantage of market dislocations to push for growth.
- Chip-equipment maker ASML will cut fewer jobs than planned, with redundancies not expected to take effect until May 1, following negotiations with Dutch trade unions.
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