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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some of the stocks on

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Speaker 3: the move today here in Europe. I'm Caroline Hepka with

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Speaker 3: Stephen Cowell and we're joined by Blueberg reporter Cloute Malay.

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Speaker 3: Good morning, Good morning, right move saying that the industry

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Speaker 3: will survive AI. They said that in the earnings this morning.

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Speaker 3: That's obviously quite a big claim. There's a lot of

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Speaker 3: concern that these sorts of property portals, property websites are

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Speaker 3: going to be hit hard by artificial intelligence.

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Speaker 1: Yeah, but it seems this year.

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Speaker 4: So I spoke to the CEO this morning and he

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Speaker 4: was actually quite optimistic about this. So he was saying

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Speaker 4: that because those property portals have proprietary data, then that

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Speaker 4: wouldn't mean that they would be able to develop their

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Speaker 4: own AI tools internally and then be able to use

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Speaker 4: that and their for that all of those efficiency gains

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Speaker 4: and you know, gaining more customers through those AI tools

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Speaker 4: that would then you know, be a benefit to them.

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Speaker 4: And you know, this is something that's also you know

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Speaker 4: that we've seen as well with Scout twenty four inches,

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Speaker 4: this other property portal out of Germany where they expect

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Speaker 4: really strong growth this year, and analysts have said that,

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Speaker 4: you know, this is a company that could be an

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Speaker 4: AI leader and AI survivor in a way because of

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Speaker 4: that proprietary data. An interesting thing that the Right Move

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Speaker 4: CEO said this morning was actually that, you know, because

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Speaker 4: buying a home is so personal, is so complex, that

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Speaker 4: people will not necessarily be immediately wanting to outsource that

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Speaker 4: an AI agent. And you know, it's not like maybe

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Speaker 4: booking a holiday or anything like that. It's something that's

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Speaker 4: more complex, and therefore there will still be that need

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Speaker 4: for property portals. So that's why he thinks that AI

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Speaker 4: is an opportunity. It's both because of that data, which

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Speaker 4: means that they will be able to create their own tools,

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Speaker 4: and then also because it's such a complex personal process

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Speaker 4: that it still needs to have that.

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Speaker 1: Human element in a way. So yeah, they were quite optimistic.

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Speaker 4: The results were also pretty good, with you know, expectations

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Speaker 4: of strong growth going forward going this year, which means

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Speaker 4: that maybe the housing market as well as recovering.

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Speaker 1: A little bit. Okay, yeah, that's really interesting from Rightmove

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Speaker 1: this morning, and let's go to the food delivery company

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Speaker 1: Delivery Hero next missing estimates and their results. Yeah, orders

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Speaker 1: missed expectations.

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Speaker 4: That the problem for Delivery Hero is that it's dealing

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Speaker 4: with a lot of competition in some of the key

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Speaker 4: markets and the key regions, and one of them in

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Speaker 4: particular is the Middle East. So the biggest rival in

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Speaker 4: the Middle East for Delivery Hero is the Chinese company

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Speaker 4: in Metro and they have been offering really aggressive discount

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Speaker 4: and so that's really hurting Delivery Hero shares. And so

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Speaker 4: that means for that company that the calls from investors

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Speaker 4: to sell some the whole of the business, that's only

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Speaker 4: going to get louder really.

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Speaker 1: So Delivery Hero.

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Speaker 4: Has recently said that it's evaluating different options to improve performance.

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Speaker 4: That includes changes to this capital structure, and that was

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Speaker 4: after some major shareholders pushed it to conduct a strategic review.

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Speaker 4: And it's also considering some partnerships, assessing which owners would

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Speaker 4: be best for some assets in some operations.

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Speaker 1: So it's thinking about all of this.

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Speaker 4: But right now those calls for sale or for divestments

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Speaker 4: have not been answered yet, so they might need to

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Speaker 4: be soon if it wants those chess to recover.

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Speaker 3: Okay, another company out of Germany that we want to

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Speaker 3: talk about to BASF, and this is a warning about

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Speaker 3: big job cuts.

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Speaker 4: Yeah yeah, so more job cuts for BSF part of

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Speaker 4: this cost saving push that's that the company has been

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Speaker 4: on for a little bit now. So really is a

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Speaker 4: sign that the downturn in that chemicals market is still

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Speaker 4: very much happening.

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Speaker 1: So the problem here is one of over.

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Speaker 4: Capacity, which of course that means lower prices and then

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Speaker 4: of course that impacts profitability for all of those big

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Speaker 4: chemicals companies, including BSF.

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Speaker 1: So and Liz said that the outlook.

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Speaker 4: Was clearly below what was expected by analysts, and so

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Speaker 4: it's based on quite a rather bleak assumption about industrial production,

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Speaker 4: which is expected to be down significantly at this year.

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Speaker 4: So BSF said that at twenty twenty six would be

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Speaker 4: another transition year that the market could potentially recover in

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Speaker 4: late twenty twenty six, but there's no guarantee essentially, So

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Speaker 4: it's been cutting jobs, it's been carving out some units,

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Speaker 4: really trying to streamline the company and focus only on

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Speaker 4: the more profitable aspects of it. But you know, it

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Speaker 4: seems like there's probably more than needs to be done,

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Speaker 4: and what's happening is probably best exemplified by what a

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Speaker 4: Bernstein adalyst said, which is that BSF is currently running.

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Speaker 1: Very hard to stand still. So that's what's happening for

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Speaker 1: that company.

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Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: the Bloomberg Business app. Mm hmm