Burberry Drops, 3i Plunges, Watches of Switzerland Surges

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Burberry shares fell 4.3% after the UK maker of trenchcoats and scarves posted earnings that JPMorgan analysts deemed insufficient to satisfy high investor expectations amid the company’s turnaround under Chief Executive Joshua Schulman.
- 3i Group shares fall as much as 25%, the steepest drop since January 2009, after the private equity group flagged slowing sales growth at its discount retailer Action. RBC analysts said the retailer, 3i’s largest single investment, has left itself much to do in the second half to meet its guidance.
- Watches of Switzerland shares rise as much as 14%, hitting the highest since early 2024, after the watch retailer said annual adjusted Ebit will be ahead of its previous guidance.

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