UBS Jumps, Lufthansa Soars, Card Factory Falls
On this episode of Stock Movers:
- Shares in UBS soared to the highest intraday level since early 2008 as a group of influential lawmakers proposed watering down the capital demands that Switzerland wants to impose on the bank. - Lufthansa shares rise as much as 6.9%, hitting the highest intraday level since August 2023. Kepler Cheuvreux upgrades the German flag carrier airline to buy from hold, citing an increasingly attractive risk/reward profile and tailwinds heading into next year.
- Card Factory shares fall as much as 27%, the most since 2020, after the firm cut its guidance in what Panmure Liberum called a “shock warning that surprises in scale.”
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