Sep 25, 2026 · 5 min
HelloFresh slumps as UBS reshapes Europe’s market story
UBS Gains, Novo Up, HelloFresh Sinks
The episode shows how a profit-warning shock, an analyst upgrade, and possible bank consolidation are pulling European equities in different directions.
- 1HelloFresh hit a record low after cutting its full-year sales-growth and earnings targets.
- 2UBS upgraded Glencore to buy, citing better risk-reward, commodity upside, and higher future EBITDA expectations.
- 3European banks outperformed as UBS reportedly weighed a foreign-bank combination to limit Swiss regulatory exposure.
Don't miss
HelloFresh’s record plunge after the company cut its sales-growth and earnings outlook is the episode’s clearest market shock.
The brief
HelloFresh set the tone with a record share-price plunge after lowering its full-year sales-growth and earnings targets, raising questions about its ambitions.
Glencore moved higher after UBS upgraded the miner to buy, pointing to an improving risk-reward profile, commodity-basket upside, and stronger EBITDA expectations for 2026 and 2027.
European financial stocks were among the strongest performers, with the discussion turning to reports that UBS may consider combining with a foreign lender.
The possible UBS deal reflects a strategic tension: expanding or restructuring internationally could help manage the bank’s exposure to Swiss capital rules.
Hosts Lizzie Burden and Stephen Carroll, with Tiwa Adebayo, connect the day’s biggest moves across consumer businesses, mining, and European banking.
What was said on this episode
1 statement · 1 negative
UBS may face stricter capital rules in Switzerland
“UBS is facing the possibility of the stricter capital rules in Switzerland”
Listen at 3:25
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
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