Volvo Car Plummets, Eni Rises, Intrum Down
· 4:04
Episode Volvo Car Plummets, Eni Rises, Intrum Down
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Volvo Car plunged by about 30% to a record low after the Swedish automaker’s chief executive officer said the market for Western-developed cars in China is disappearing fast, prompting it to cut 2,500 more jobs. - Eni shares rise as much as 3.9% to the highest since 2008 as the energy firm boosted its Enilive pro forma adjusted Ebitda forecast for the full year and said it will return more cash to shareholder - Shares in Intrum fell to a record low after the Swedish debt collector warned of lower external servicing income this year and said its German business will need a “full restart.”
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