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Frasers Group Up, Royal Unibrew Drops, OXB Down
Published 1 month, 4 weeks ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Frasers Group lifted its stake in Germany’s Hugo Boss to nearly 48%, falling short of taking full control, after only 17.6% of investors accepted its takeover offer.
- Royal Unibrew reported EPS below estimates and sales in line with estimates. Trading volume was 376 times the average for this time of day.
- OXB drops as much as 1.3% after Deutsche Bank downgraded the stock to hold from buy, saying the “burden of proof has shifted firmly towards execution” following the “disappointing” 1H trading update.
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