Societe Generale Rises, Rolls-Royce Record, AB InBev Slumps
On this episode of Stock Movers:
- Societe Generale shares hit their highest since the financial crisis after the French bank said it would boost investor payouts while lifting its profitability guidance.
- Rolls-Royce shares rise as much as 12%, hitting a record high, after the aero engine maker increased guidance for the year by more than analysts expected. Strong margin performances in the civil aerospace and power systems divisions drew particular attention.
- AB InBev shares dropped the most in five years after the company sold less beer than expected during the second quarter, with a downturn in consumer spending in Brazil and China dragging on sales.
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