Sep 24, 2026 · 7 min
Raspberry Pi surges as H&M and Vistry expose market fault lines
Raspberry Pi Rallies, H&M Falls, Vistry Drops
The episode shows how investors are separating genuine operating momentum from accounting support and costly structural setbacks.
- 1Raspberry Pi rallied after revenue rose 90%, adjusted EBITDA more than doubled, and the company upgraded its outlook.
- 2H&M shares fell despite a profit beat as tariff refunds obscured weaker margins, sales momentum, inventory, and supply-chain pressures.
- 3Vistry plunged after a £660 million first-half loss reflected impairments, fire-safety provisions, and weak housing demand.
Don't miss
Raspberry Pi’s shares rally after revenue rises 90%, adjusted EBITDA more than doubles, and the company upgrades its outlook.
The brief
Bloomberg’s Stock Movers Report compares three sharp European market moves, asking whether the headline numbers reflect durable business momentum or temporary relief.
Vistry plunged after a £660 million first-half loss, with goodwill impairment, fire-safety provisions, and weak housing demand turning a housing slowdown into a major setback.
H&M shares also fell despite better-than-expected profits because tariff refunds masked weaker underlying margins and sales momentum, alongside inventory and supply-chain pressure.
Raspberry Pi offered the clearest positive signal: revenue rose 90%, adjusted EBITDA more than doubled, and an upgraded outlook drew continued retail-investor attention.
Taken together, the moves show why markets look beyond earnings headlines, rewarding credible growth while discounting temporary gains and costly structural problems.
What was said on this episode
5 statements · 5 negative
The UK housing market has been in a prolonged slump
“The UK housing market has obviously been in a slump for quite a while.”
Listen at 2:09
The Middle East conflict worsened the UK housing-market slump
“The conflict in the Middle East has just made it so much worse.”
Listen at 2:13
Supply-chain disruption weighed on H&M’s performance
“all of this supply chain disruption that was still very much weighing on that performance”
Listen at 3:06
Shein increased competitive pressure on H&M
“increasing competition from cheaper companies like Shein”
Listen at 3:23
H&M has fallen behind Inditex
“H&M has been sort of falling behind its closest rival, which is Inditex, which owns Zara.”
Listen at 3:29
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.
Featuring
H&M
Shein
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