EasyJet Surges as Apollo Bids; ArcelorMittal Up, St James’s Place Drops

Bullish Gator

EasyJet jumps on a fresh Apollo bid; ArcelorMittal rises after JPMorgan upgrade; St James’s Place falls as a major advice firm exits.

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What stands out

Bloomberg’s Stock Movers opened with EasyJet jumping after private equity firm Apollo Global Management posted a higher takeover offer that topped Castlelake, and that little skirmish matters beyond a single airline. It shows how buyout chatter can nudge public markets and why Apollo’s dealmaking is relevant to its own shareholders, because the firm has posted huge average revenue gains (+66.8% year over year) even as average net income plunged (-84.8%), and the stock has recently weakened, so headlines can create short-term ripples.