On this episode of Stock Movers:
- Nestle shares surged after it posted a stronger-than-expected increase in quarterly sales and announced plans to slash 16,000 jobs.
- Kering has been downgraded to sell from hold by an analyst at Berenberg amid concerns over demand-side challenges in the luxury sector.
- Nordea Bank shares rose to a record high after the Helsinki-based lender beat on net interest income and announced a spare of share buybacks.

Klarna Rises; Meta Soars on Cloud Report; Alcoa Falls on South32 Acquistion
03:31

Salesforce Gains on Upgrade; General Mills Beats; Nike Falls on Outlook
03:59

Meta Deal; General Mills and Alcoa
04:16