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On this episode of Stock Movers:
- Puma shares surge as much as 14%, the most in two months, as Chinese sports apparel company Anta Sports Products is among firms exploring a potential takeover, Bloomberg reported. Square Global Markets says Anta Sports is best placed among potential bidders for an offer.
- Boohoo shares soar as much as 24%, the most since April, after the group’s 1H results showed momentum in its Debenhams business. It also gave full-year ebitda guidance which RBC analysts say was above what they would have expected.
- Shares of Unite Group touched their lowest level in 10 years after Britain’s biggest student housing provider warned that a weak market will push its earnings down by as much as 10% next fiscal year.
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