Stock Movers Anglo American Down, Exor Slides, Puig Soars
Mar 24, 2026
Tiwa Adebayo, Bloomberg reporter covering European markets, breaks down today’s big stock moves. She explains Anglo American’s slide amid precious-metals weakness and regional tensions. She covers Exor’s sharp drop after a net-assets miss. She highlights soaring interest in Puig following talks of an Estée Lauder takeover.
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Anglo American Slides With Precious Metals Pullback
- Anglo American fell about 2% as precious metals corrected amid Middle East tensions and shifting strike signals from the US and Iran.
- Tiwa Adebayo links the drop to gold exposure and investor caution after mixed signals on escalation and supply-chain growth fears.
Exor Drops After Net Asset Miss
- Exor plunged up to 7.7% after reporting full-year net assets that missed analyst averages, hitting lows since September 2022.
- Tiwa Adebayo and analysts cite external volatility and regulatory pressure as drivers of the contraction.
Puig Soars on Potential Estée Lauder Deal
- Puig jumped as much as 17% on reports Estée Lauder is in talks to acquire Puig Brands to form a cosmetics group with about $20 billion sales.
- Tiwa Adebayo notes Puig's perfume and fashion labels would bolster Estée Lauder against L'Oréal, while Estée Lauder shares fell on possible M&A arbitrage.