Stock Movers: Societe Generale, Rolls-Royce, and AB InBev Market Performance

Societe Generale's Surge

• 📈 Societe Generale shares reached their highest point since the financial crisis, driven by positive financial results.
• 💰 The French bank announced a 1 billion euro buyback and introduced a new interim dividend, boosting investor confidence.
• 🎯 Profitability guidance was raised, with an expected return on tangible equity of 9% for the year, up from 8% previously.
• 💡 This performance is seen as proof that the bank's ongoing turnaround plan is successful, with a shift in strategy towards prioritizing investor payouts.

Rolls-Royce's Record High

• 🚀 Rolls-Royce shares hit a record high, surging significantly due to an improved outlook for 2025.
• ✈️ The increase was fueled by growing demand for jet engines and the positive impact of cost-saving programs.
• ⚠️ Despite past reliability issues with engines and higher maintenance costs in the second half, investors remained reassured by the company's commitment to delivering fixes.

AB InBev's Slump

• 📉 AB InBev shares experienced their largest drop in five years due to lower-than-expected beer sales in the second quarter.
• 🌎 Weak consumer spending in key markets like Brazil and China significantly impacted sales, with other regions like Europe and the Middle East also showing weaker volumes.
• 🍺 A bright spot for AB InBev, similar to its rivals, is the strong performance of its non-alcoholic beer segment, which saw revenue grow by a third, with Corona Zero nearly doubling volumes.