Stellantis CEO Change, Soitec Guidance Cut, Kingfisher Sales Dip | Stock Movers

Stellantis Appoints New CEO

• 🚗 Stellantis, owner of Jeep and Chrysler, has appointed Antonio Filosa, head of its North American operations, as its new CEO.
• 💡 This move comes as the automaker faces slumping sales and profit, with the focus on the US tariff situation.

Soitec Faces Market Uncertainty

• 📉 Soitec shares plummeted by 23% after the company withdrew its financial guidance for 2026.
• semiconductor wafers, has been impacted by declines in the auto market and cell phones.
• ⚠️ The company cited reduced visibility and market uncertainties as reasons for withdrawing its medium-term revenue and Ebitda margin targets.

Kingfisher's Stalling Sales

• 🏠 Kingfisher, the owner of B&Q, saw its shares drop by 5% due to investor disappointment over its annual profit guidance.
• 🇬🇧 While UK sales exceeded expectations, partly due to better weather, international sales in France and Poland were weaker.
• 📊 The company's statement indicated that French and Polish consumers were not undertaking as much home improvement work during the spring months.