BP Writedowns, Hays Drop, EssilorLuxottica Gain

On this episode of Stock Movers:
- BP said it expects to take as much as $5 billion in writedowns for the fourth quarter, just weeks after replacing its chief executive officer as it strives to turn around its fortunes.
- Hays drops as much as 1.5% to the lowest since 1993 after delivering a sharper drop in like-for-like growth than expected during the latest quarter as the tough environment for recruiters continues.
- EssilorLuxottica shares gain as much as 2.9% after HSBC raised its recommendation to buy from hold due to growth in smart glasses.

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