Edenred Rises, Tesco Dips, Evonik Down
Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Payments firm Edenred said it has been approached by investment funds, following a report of takeover interest from BC Partners.
- Tesco Plc’s sales rose less than expected in the fiscal first quarter as the UK’s biggest supermarket grapples with weaker consumer sentiment and a tough comparison with last year.
- Evonik Industries AG is shedding an additional 3,200 jobs and scrapping its unprofitable polyester business as the German chemicals company grapples with geopolitical turmoil, high energy costs and mounting competition from Asia.
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