Richemont Falls, Wise Gains, DFS Drops
Show notes
Today's biggest winners and losers in the stock market.
- Richemont fell as much as 9%, the biggest drop since April 2025, after results in its jewelry division missed consensus expectations for the second quarter. Jewelry remains the main driver of the group’s growth, analysts at Jefferies said.
- Wise Group shares advance as much as 9.8%, the most since June, after the UK fintech said it’s reached an agreement with prosecutors in Belgium over concerns of alleged money laundering, without admitting wrongdoing.
- DFS Furniture says upholstery market demand softened further over the seven weeks since its full-year results, reflecting continued pressure on household budgets and reduced consumer confidence, according to a statement. Shares fell as much as 9.7%
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