Whitbread Drops, Hays Slumps, Richemont Down
On this episode of Stock Movers:
-Whitbread reported comparable sales for the first quarter of -1%.
- Hays slumps as much as 20%, the most in nine years, sending the staffing firm’s shares to their lowest since October 2008. The company released an unscheduled update, saying that current tough market conditions would persist into FY26, with permanent recruitment activity levels especially weak.
- European luxury stocks drop, led by Richemont and Swatch, after a report showed Swiss watch exports fell 9.5% in May, driven by US downturn following a strong month of April.
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