Verisure Rises, Close Brothers Up, ABB Surges
On this episode of Stock Movers:
- Security services group Verisure’s shares rallied in its trading debut, after the initial public offering raised about €3.2 billion ($3.72 billion) in the largest European debut in three years.
- Close Brothers shares rise as much as 10%, while Lloyds gains as much as 3.2%, after the UK’s Financial Conduct Authority provided a lower than previously expected estimate for the compensation auto lenders may have to pay customers who were missold car loans.
- ABB shares rise as much as 3.3%, to a record high, after the Swiss industrials firm agreed to divest its robotics division to SoftBank Group for an enterprise value of $5.4 billion, abandoning an earlier intention to spin off the business
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