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Inditex Falls, Burberry Down, Fortum Jumps
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.
- HSBC analyst Anne-Laure Bismuth cut the recommendation on Burberry to hold from buy. Shares in the stock fell as much as 3.7%.
- Fortum has signed a 22-year power purchase agreement with Google covering up to 50% of the Loviisa nuclear power plant’s capacity, securing revenue certainty for the plant’s lifetime extension through 2050.
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