Diageo Rises on New CEO, JTC Acquired, ASML Boosted by TSMC Sales

Diageo Appoints New CEO

• 📈 Diageo's shares are up over 7% following the announcement of Dave Lewis as their new CEO.
• 💡 Lewis is known for his successful turnaround efforts at Tesco, a much-needed expertise for Diageo, which recently lowered its four-year outlook.
• 🎯 The appointment aims to end a period of management uncertainty and hopefully mark a change in fortunes for the company, whose shares are down over 30% year-to-date.

JTC Acquisition by Permira

• 📉 JTC, a London-listed corporate services provider, is down 5.3% after agreeing to an acquisition offer.
• 🤝 Private equity firm Permira will acquire JTC for £2.3 billion ($3 billion) in a deal expected to close in the third quarter of 2026.
• ⚠️ There is some disappointment as expectations were for a higher acquisition price, indicating a potential undervaluation.
• 🧩 This deal highlights a trend of cheaper valuations in the UK market attracting private equity interest.

ASML Gains on TSMC Sales Data

• 🚀 ASML's shares are up 2.7%, reacting positively to TSMC's October sales figures.
• 📊 TSMC's sales growth in October, though the slowest since February last year, was still relatively strong.
• 💡 The semiconductor industry remains buoyant about AI-driven growth, with investors not overly concerned by one month of slower sales.
• 💰 Analysts believe TSMC's results are strong enough to boost demand for ASML's lithography tools, benefiting the company.