Universal Music Plummets, Sainsbury's Jumps, Taylor Wimpey Falls

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:

- Universal Music shares plummeted as much as 23%, the most in two years, after the company’s subscription revenue growth fell short of expectations in the second quarter.

- Sainbury's shares rise as much as 6.7%, their highest intraday level since 2014, after it agreed to sell its struggling Argos general merchandise unit to Swift Partners, expecting to receive cash proceeds of at least £120 million.  

- Taylor Wimpey shares fell as much as 8%, the most intraday since October 2024, after the homebuilder slashed its payout policy as it seeks to preserve cash in the face of a prolonged UK housing downturn.

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