Banco BPM Soars, Unicredit Up, Kingspan Falls
Today's biggest winners and losers in the stock market.
- Credit Agricole SA is seeking to merge its Italian operations with Banco BPM SpA, extending a wave of deals washing over the country’s finance industry.
- UniCredit SpA reported record quarterly profit as it lifted full year guidance, giving Chief Executive Officer Andrea Orcel a tailwind as he nears control of Commerzbank .
- - Kingspan shares drop as much as 3.5% after the building materials company posted a trading update. Analysts said sales gained momentum in the third quarter compared to the first half, although JPMorgan said growth was still short of its expectations. Investors may also be taking pause until the company’s capital markets day on Tuesday.
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