Schneider Drops, AB Foods Falls, JD Sports

Today's biggest winners and losers in the stock market. On this episode of Stock Movers: Schneider Electric has announced a $3.1 billion all-cash deal to acquire Cognite Holding, expanding its industrial data and AI software business. Analysts say the acquisition multiple seems high, but flag that it only represents a bolt-on deal considering Schneider’s market capitalization of about €165 billion. Associated British Foods reported lower sales at its Primark budget fashion chain and a profit-hit at its sugar unit due to the war in Iran, as the conglomerate prepares to separate its clothing and food divisions. JD Sports struggles with a tough consumer environment, amidst growing pressure in the sportswear market.  See omnystudio.com/listener for privacy information.