Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- WPP shares soar as much as 30% after it reported first-half profits that beat analysts’ estimates, driven by the advertising agency’s cost-cutting efforts in a sluggish market.
- Rheinmetall shares fell slightly after it cut its sales forecast for this year as Germany’s biggest defense company deals with the fallout of losing a German naval contract worth several billion euros.
- Medicover shares rise after KKR & Co. agreed to acquire the Swedish company’s Indian hospital operations as the private equity firm seeks to expand its health-care investments in the world’s most populous country.