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On this episode of Stock Movers: Kering agreed to sell its beauty division to L’Oreal SA as part of a long-term strategic alliance. Shares of Kering rose as much as 5% in early trading on Monday morning. The stock has risen about 36% since the start of the year. B&M European Value Retail shares drop as much as 20% to hit an all-time low, after the retailer cut its guidance less than two weeks after issuing a profit warning, while announcing Chief Financial Officer Mike Schmidt is stepping down. European defense stocks rebound from last week’s slide after conflict reignited in Gaza over the weekend.Biggest gainers include Renk (+5.4%), Theon (+4.4%), Hensoldt (+3.8%), Rheinmetall (+3.4%). See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street. Check out more episodes of Stock Movers: • Stock Movers Visit us: https://www.bloomberg.com/podcasts Follow Bloomberg Podcasts on Twitter: / podcasts Visit our other YouTube channels: Bloomberg Television: / @markets Bloomberg Originals: / bloomberg Quicktake: / @bloombergquicktake For coverage on news, markets and more: http://www.bloomberg.com/video #Stocks #Markets #Finance #Investing #Podcast #Bloomberg Kering Up, B&M Falls, Hensoldt Climbs