Kone's Uplift, Aston Martin Stalls, UBS Beat

About this episode

The episode discusses major stock market movements, including Kone's acquisition of TK Elevator, Aston Martin's financial struggles, and UBS's profit performance.

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Kone agreed to acquire TK Elevator for €29.4 billion ($34.4 billion) including debt, in what will be one of Europe’s biggest-ever private equity exits. - Aston Martin Lagonda Global Holdings reported another quarterly loss as billionaire Lawrence Stroll’s consortium put up a further £50 million ($68 million) in an attempt to ease the pressure on the embattled carmaker. - UBS Group AG traders helped drive profit in the first quarter, keeping the Swiss wealth manager on track to increase payouts to investors this year. See omnystudio.com/listener for privacy information.

Topics covered

• stock market
• acquisitions
• financial performance
• automotive industry
• private equity
• investor payouts

Keywords

• Kone
• TK Elevator
• Aston Martin
• Lawrence Stroll
• UBS
• stock market
• acquisition
• financial loss
• investor payouts

Mentioned in this episode

Organizations: Kone, TK Elevator, Aston Martin Lagonda Global Holdings, UBS Group AG

Places: Europe, Switzerland

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