Greggs Up, Monte Paschi Slips, Airbus Down
On this episode of Stock Movers:
- Greggs is being urged by an activist investor to cut tens of millions of pounds of annual costs over fears that the bakery chain will otherwise fall prey to a cut-price takeover bid.
- Monte Paschi shares fell for a third consecutive day as investors are digesting a sweeping investigation into its takeover of rival Italian lender Mediobanca.
- Airbus said the vast majority of around 6,000 A320-family aircraft impacted by a software glitch have received the necessary modification over the weekend, helping the European planemaker sidestep a wider disruption in what has become the company’s largest recall to date.
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