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Inditex Falls, Goodwin Down, Gym Group
Published 4 weeks ago
Description
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Inditex shares fall as much as 4.9%, the most in six months, after the Zara owner’s first-half earnings missed sell-side expectations due to rising operational costs.
- Goodwin is in advanced discussions regarding the potential sale of a substantial part of its Mechanical Engineering division to funds advised by Cerberus Capital Management for a headline cash consideration of up to ~£1.1b, according to a statement.
- Gym Group reported adjusted pretax profit for the first half-year of GBP6.4 million vs. GBP4.9 million y/y. Shares rose as much as 5.7%.
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