Stock Movers BAE Systems Slides, Diageo Up, Raspberry Pi Slumps
Jan 13, 2026
Louise Moon, Breaking News editor at Bloomberg, drops in to discuss significant market shifts. She reveals the impact of Deutsche Bank's downgrades on defense stocks like BAE Systems and Leonardo. Moon highlights Diageo's strategic review of its China assets, including a potential sale, signaling a shift for the company. Meanwhile, she notes the concerning slump in Raspberry Pi shares due to rising DRAM costs, despite their strong results. Tune in for an insightful breakdown of these major corporate stories.
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Defense Downgrades Despite Sector Rally
- Deutsche Bank cut ratings on major European defence stocks, citing company-specific concerns despite overall sector strength.
- BAE faces weak maritime margins and affordability worries while other firms lack clear catalysts or upside.
Diageo Weighs China Asset Options
- Diageo is reviewing options for its China assets and has engaged Goldman and UBS to sound out buyers.
- The move reflects rising domestic competition in China and Diageo's global portfolio trimming under a new CEO.
Raspberry Pi Warns On Memory Costs
- Raspberry Pi shares fell about 10% to a record low after warning that DRAM cost spikes could pressure margins.
- The company said first-half supply looks fine but second-half visibility is limited due to AI-driven memory demand.