Stock Movers LVMH Down, Wise Listing, Monte dei Paschi Up
Jan 20, 2026
LVMH faces a tough time with a proposed 200% tariff on French champagne, marking a potential seventh consecutive loss. Meanwhile, Wise Plc surges on positive earnings guidance and plans to shift its main listing to the US, highlighting challenges in the London market. In Italy, the Finance Ministry supports the CEO of Banca Monte dei Paschi di Siena as shares rise, reflecting investor confidence amidst scrutiny of recent acquisitions. The podcast covers these shifting tides in the luxury and finance sectors.
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Tariff Threat Hits LVMH's Wine Arm
- Donald Trump floated a possible 200% tariff on French wines and champagne, directly threatening LVMH's wine and spirits revenue.
- That division earned nearly €6 billion in 2024 and is already the weakest segment, so tariffs could amplify existing pressure.
Wise Plans U.S. Primary Listing
- Wise confirmed it's on track to shift its primary listing to the US in H1 2026 and reported a 21% rise in Q3 income ahead of expectations.
- The move aims to boost US profile and bank partnerships, and underscores a trend of strong European firms favoring US listings.
London Losing Listings To U.S. Exchanges
- Companies like Wise moving their primary listings to the US signal continued pressure on London from low valuations and weak liquidity.
- While there are signs of life in the London market, US exchanges are clearly benefiting from these shifts.