Trending tickers: Diageo, TSMC, Beyond Meat, Kingspan and Chemring

Diageo (DGE.L)

On the London market, shares in Diageo (DGE.L) jumped 6.6% on Monday morning, after the alcoholic drinks company named Dave Lewis as the firm's new CEO.

Lewis, who was group CEO of supermarket Tesco (TSCO.L) from 2014 to 2020, will step into the role from 1 January.

Nik Jhangiani has been acting as Diageo's interim CEO since Debra Crew stepped down from the head of the company in July.

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News of Lewis' appointment comes just after the Guinness maker reported flat organic net sales in its first quarter, and cut its sales and profit forecasts.

Dan Coatsworth, head of markets at AJ Bell (AJB.L), said: "Diageo has pulled a blinder by hiring the man who saved Tesco.

"Convincing him to return to CEO life will have been a challenge. Lewis has only held chair and advisory positions since leaving Tesco in 2020, so there must have been something special about Diageo for him to put on his CEO boots again."

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1,840.00

+113.50

+(6.57%)

As of 9:54:52 AM GMT. Market Open. Advanced Chart

TSMC (2330.TW, TSM)

The latest monthly sales figures from TSMC (2330.TW, TSM), released on Monday, showed slowing revenue growth.

The world's largest contract chipmaker reported revenue of NT$367.47bn (£9bn) in October, which was 16.9% higher than the same month last year.

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This marked TSMC's slowest year-on-year growth in revenue since February 2024.

Revenue for January to October totalled NT$3,130.44 billion, which was a third higher than the same period last year.

TSMC's Taiwan-listed shares rose just 1% on Monday but are up 37% year-to-date.

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1,475.00

+15.00

+(1.03%)

At close: 1:30:04 PM GMT+8 Advanced Chart

Beyond Meat (BYND)

Shares in Beyond Meat (BYND) were up more than 7% in pre-market trading on Monday, ahead of the release of the company's third quarter results later in the day.

The company, which produces plant-based meat alternatives, announced on Friday that it would be reporting its third quarter results a day earlier than previously indicated in recognition of the Veterans Day holiday on 11 November. However, Beyond Meat said it would still hold its earnings call to discuss the results on Tuesday.

Beyond Meat was originally due to publish its third quarter results on 4 November, but said at the beginning of last week that it needed more time to finalise a non-cash impairment charge related to certain long-lived assets.

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In its previous quarterly results, released in early August, Beyond Meat warned that it continued to experience "an elevated level of uncertainty within its operating environment". As a result, the company did not provide full-year guidance but said it expected net revenue to be in the range of $68m (£51m) to $73m for the third quarter.

Story Continues

Shares in Beyond Meat surged in July as it became one of a new cohort of meme stocks, in a resurgence of the trend over the summer. The share price then soared in October after Roundhill Investments, an investment adviser focused on exchange traded-funds (ETF), added the stock as a holding to its Meme Stock ETF. However, the shares have since fallen back and are currently 63% in the red year-to-date.

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1.3900

+0.2000

+(16.81%)

At close: November 7 at 4:00:02 PM EST Advanced Chart

Kingspan Group (KRX.IR)

Shares in Kingspan Group (KRX.IR) surged 7.8% on Monday, after the Irish building materials company provided a strong trading update.

Kingspan reported sales of €6.8bn (£5.97bn) for the nine months to 30 September, which was up 8% on the same period last year.

Read more: Stocks that are trending today

Looking ahead, the company said that while "end-markets have their obvious challenges the global backlog is ahead year on year".

Kingspan said it still expects to deliver full-year trading profit of €950m for the current year.

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67.45

+4.60

+(7.32%)

As of 9:34:14 AM GMT. Market Open. Advanced Chart

Chemring Group (CHG.L)

Shares in FTSE 250-listed (^FTMC) Chemring Group (CHG.L) dipped 3% on Monday, after the company said its alloy surfaces business would be reported as a discontinued operation in its full-year results.

Chemring, which provides technology products and services to aerospace, defence and security markets, said it had seen a "significant decrease in US Department of Defense demand for the special material pyrophoric airborne decoys" made by the firm in Philadelphia.

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As a result, Chemring said it was considering its strategic options for this segment, including the sale of the business or assets.

In its trading update on Monday, Chemring said it expected adjusted operating profit for the year to be in line with analyst expectations.

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(CHG.L)

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538.00

-5.00

(-0.92%)

As of 9:54:32 AM GMT. Market Open. Advanced Chart

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