Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today here in Europe. I'm Caroline Hepka with
Speaker 3: Stephen Cowell and we're joined by Blueberg reporter Cloute Malay.
Speaker 3: Good morning, Good morning, right move saying that the industry
Speaker 3: will survive AI. They said that in the earnings this morning.
Speaker 3: That's obviously quite a big claim. There's a lot of
Speaker 3: concern that these sorts of property portals, property websites are
Speaker 3: going to be hit hard by artificial intelligence.
Speaker 1: Yeah, but it seems this year.
Speaker 4: So I spoke to the CEO this morning and he
Speaker 4: was actually quite optimistic about this. So he was saying
Speaker 4: that because those property portals have proprietary data, then that
Speaker 4: wouldn't mean that they would be able to develop their
Speaker 4: own AI tools internally and then be able to use
Speaker 4: that and their for that all of those efficiency gains
Speaker 4: and you know, gaining more customers through those AI tools
Speaker 4: that would then you know, be a benefit to them.
Speaker 4: And you know, this is something that's also you know
Speaker 4: that we've seen as well with Scout twenty four inches,
Speaker 4: this other property portal out of Germany where they expect
Speaker 4: really strong growth this year, and analysts have said that,
Speaker 4: you know, this is a company that could be an
Speaker 4: AI leader and AI survivor in a way because of
Speaker 4: that proprietary data. An interesting thing that the Right Move
Speaker 4: CEO said this morning was actually that, you know, because
Speaker 4: buying a home is so personal, is so complex, that
Speaker 4: people will not necessarily be immediately wanting to outsource that
Speaker 4: an AI agent. And you know, it's not like maybe
Speaker 4: booking a holiday or anything like that. It's something that's
Speaker 4: more complex, and therefore there will still be that need
Speaker 4: for property portals. So that's why he thinks that AI
Speaker 4: is an opportunity. It's both because of that data, which
Speaker 4: means that they will be able to create their own tools,
Speaker 4: and then also because it's such a complex personal process
Speaker 4: that it still needs to have that.
Speaker 1: Human element in a way. So yeah, they were quite optimistic.
Speaker 4: The results were also pretty good, with you know, expectations
Speaker 4: of strong growth going forward going this year, which means
Speaker 4: that maybe the housing market as well as recovering.
Speaker 1: A little bit. Okay, yeah, that's really interesting from Rightmove
Speaker 1: this morning, and let's go to the food delivery company
Speaker 1: Delivery Hero next missing estimates and their results. Yeah, orders
Speaker 1: missed expectations.
Speaker 4: That the problem for Delivery Hero is that it's dealing
Speaker 4: with a lot of competition in some of the key
Speaker 4: markets and the key regions, and one of them in
Speaker 4: particular is the Middle East. So the biggest rival in
Speaker 4: the Middle East for Delivery Hero is the Chinese company
Speaker 4: in Metro and they have been offering really aggressive discount
Speaker 4: and so that's really hurting Delivery Hero shares. And so
Speaker 4: that means for that company that the calls from investors
Speaker 4: to sell some the whole of the business, that's only
Speaker 4: going to get louder really.
Speaker 1: So Delivery Hero.
Speaker 4: Has recently said that it's evaluating different options to improve performance.
Speaker 4: That includes changes to this capital structure, and that was
Speaker 4: after some major shareholders pushed it to conduct a strategic review.
Speaker 4: And it's also considering some partnerships, assessing which owners would
Speaker 4: be best for some assets in some operations.
Speaker 1: So it's thinking about all of this.
Speaker 4: But right now those calls for sale or for divestments
Speaker 4: have not been answered yet, so they might need to
Speaker 4: be soon if it wants those chess to recover.
Speaker 3: Okay, another company out of Germany that we want to
Speaker 3: talk about to BASF, and this is a warning about
Speaker 3: big job cuts.
Speaker 4: Yeah yeah, so more job cuts for BSF part of
Speaker 4: this cost saving push that's that the company has been
Speaker 4: on for a little bit now. So really is a
Speaker 4: sign that the downturn in that chemicals market is still
Speaker 4: very much happening.
Speaker 1: So the problem here is one of over.
Speaker 4: Capacity, which of course that means lower prices and then
Speaker 4: of course that impacts profitability for all of those big
Speaker 4: chemicals companies, including BSF.
Speaker 1: So and Liz said that the outlook.
Speaker 4: Was clearly below what was expected by analysts, and so
Speaker 4: it's based on quite a rather bleak assumption about industrial production,
Speaker 4: which is expected to be down significantly at this year.
Speaker 4: So BSF said that at twenty twenty six would be
Speaker 4: another transition year that the market could potentially recover in
Speaker 4: late twenty twenty six, but there's no guarantee essentially, So
Speaker 4: it's been cutting jobs, it's been carving out some units,
Speaker 4: really trying to streamline the company and focus only on
Speaker 4: the more profitable aspects of it. But you know, it
Speaker 4: seems like there's probably more than needs to be done,
Speaker 4: and what's happening is probably best exemplified by what a
Speaker 4: Bernstein adalyst said, which is that BSF is currently running.
Speaker 1: Very hard to stand still. So that's what's happening for
Speaker 1: that company.
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