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Unicredit Up, Rathbones Plunges, Rheinmetall Rises
Published 5 days, 15 hours ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Germany rejected UniCredit SpA’s takeover bid for Commerzbank AG and said it supports the lender’s independence given its important role for the national economy.
- Rathbones Group Plc shares plunged after the UK wealth manager said it expects to incur £60 million ($80.4 million) of additional costs over the next two years, as it addresses issues found in a watchdog review into how it treats its customers.
- Germany’s Rheinmetall and South Korean LIG Defense&Aerospace agreed to establish a strategic partnership to supply air defense systems for Europe and NATO member states.
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