Stock Movers Pan African Resources Falls, Telecom Italia Gains, Spire Plunges
Mar 23, 2026
Tiwa Adebayo, a Bloomberg reporter covering European markets, offers on-the-ground analysis of dramatic stock moves. She breaks down a sharp gold-linked sell-off hitting a miner, a telecom surge tied to a strategic cash-and-stock bid, and a healthcare group's steep drop after takeover talks collapse. Quick, vivid market scenes and takeover developments discussed in concise, lively detail.
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Liquidity Needs Amplify Gold Decline
- Investors are selling gold to raise cash, creating a liquidity-driven rapid decline in metal prices.
- Tiwa Adebayo notes a source saying liquidity issues and investors' need to raise cash are driving the sell-off.
Gold Sell-Off Hits Pan African Resources
- Pan-African Resources plunged as gold sold off amid inflation fears linked to the Middle East conflict.
- Tiwa Adebayo says gold fell up to 8% and has been down nine consecutive days, wiping out this year's gains due to rate and liquidity pressures.
Market Splits On Telecom Italia Takeover
- Market reaction split: Telecom Italia shares rose up to 8% while Poste Italiane's stock fell after the takeover news.
- Tiwa Adebayo highlights investors favouring the target even as the suitor's shares dropped about 7% earlier.