Stock Movers CSG Soars, Babcock Down, Ericsson Jumps
Jan 23, 2026
CSG makes waves with a spectacular €3.3 billion IPO, seeing shares jump 32% in Amsterdam. Meanwhile, Babcock faces a setback as CEO David Lockwood's retirement prompts a 3.8% drop in shares. On a high note, Ericsson rebounds impressively, proposing its first buyback after strong fourth-quarter earnings, with shares soaring 12%. Tune in for insights on these market movers!
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CSG's Blockbuster Defence Debut
- CSG's €3.3 billion IPO highlights strong investor appetite for pure-play defence companies right now.
- The deal was the largest global pure-play defence IPO and boosted Amsterdam's market activity after a decade without such a listing.
Young CEO, Short Order Window
- Louise Moon relayed that CSG's CEO said he wasn't surprised by demand and ran a short three-day order period.
- She also noted the 33-year-old CEO raised €2.5 billion for his family office to invest, highlighting his personal stake.
Leadership Change Shakes Babcock Shares
- Babcock's share dip followed the announced retirement of CEO David Lockwood despite positive results and guidance.
- Investors' affinity for Lockwood outweighed confidence in successor Harry Holt, causing short-term share pressure.