Inditex Tumbles, UK Home Builders Higher, Demant Gains 
On this episode of Stock Movers:
- Zara-owner Inditex SA reported a muted start to the second quarter and warned that foreign-exchange headwinds could have a greater impact on results this year than anticipated. Shares tumbled.
- Homebuilders more broadly are being bathed in a more positive sentiment thanks to UK government plans to spend more on affordable homes. Chancellor Rachel Reeves is today expected to detail plans to direct £39 billion of public money over 10 years to an affordable homes plan.
- Demant shares rise as much as 4%, to the highest since Jan. 31, after the Danish company agreed to acquire hearing-aid retailer KIND Group for €700m, or around DKK5.2b, on a cash and debt-free basis. Analysts say the deal is a good fit.

Inditex Tumbles, UK Home Builders Higher, Demant Gains On this episode of Stock Movers: - Zara-owner Inditex SA reported a muted start to the second quarter and warned that foreign-exchange headwinds could have a greater impact on results this year than anticipated. Shares tumbled. - Homebuilders more broadly are being bathed in a more positive sentiment thanks to UK government plans to spend more on affordable homes. Chancellor Rachel Reeves is today expected to detail plans to direct &pound;39 billion of public money over 10 years to an affordable homes plan. - Demant shares rise as much as 4%, to the highest since Jan. 31, after the Danish company agreed to acquire hearing-aid retailer KIND Group for &euro;700m, or around DKK5.2b, on a cash and debt-free basis. Analysts say the deal is a good fit.

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Subscribe for analysis on the companies making news in global equity markets. Episodes are published throughout the day to track stock moves from New York, London, Frankfurt and Paris. Join us for investment news covering technology, energy, finance, health care, communications, industrials, utilities, consumer staples, materials, real estate and more.

Listen for news on today's biggest winners and losers in the stock market.

Stock Movers

Inditex Tumbles, UK Home Builders Higher, Demant Gains 

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