1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,400 --> 00:00:18,400 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,560 --> 00:00:21,320 Speaker 3: the move today in your I'm Tom McKenzie with Canlin Hepka. 6 00:00:21,400 --> 00:00:24,720 Speaker 3: We are joined by Bloomberg Markets Today editor Mowana Conium 7 00:00:25,079 --> 00:00:26,279 Speaker 3: for a deep dive on some of the stocks on 8 00:00:26,320 --> 00:00:29,320 Speaker 3: the move. Dras on course center its worst training day 9 00:00:29,400 --> 00:00:31,760 Speaker 3: in years. Moena, what's going with Drax? 10 00:00:32,200 --> 00:00:35,440 Speaker 1: Yeah, it's a difficult story for Drags this morning. The 11 00:00:35,640 --> 00:00:39,519 Speaker 1: ticker drx l N is down more than nine percent 12 00:00:39,680 --> 00:00:44,760 Speaker 1: on the C one hundred this morning. That's essentially after 13 00:00:44,840 --> 00:00:47,400 Speaker 1: they've reported this morning they're facing a probe from the 14 00:00:47,479 --> 00:00:51,599 Speaker 1: UK's Financial Conduct Authority. This relates to some historical statements 15 00:00:51,600 --> 00:00:55,360 Speaker 1: that they've made about their biomass sourcing, as well as 16 00:00:55,400 --> 00:00:59,280 Speaker 1: the compliance of their annual reports. There's been some criticism 17 00:00:59,320 --> 00:01:02,360 Speaker 1: in recent years sustainability of the wood its sources from 18 00:01:02,400 --> 00:01:07,320 Speaker 1: North America for its power stations, and they have agreed 19 00:01:07,360 --> 00:01:10,480 Speaker 1: to some new subsidies to keep the partner operation in 20 00:01:10,520 --> 00:01:14,479 Speaker 1: the UK, but there have been some sort of concerns 21 00:01:14,520 --> 00:01:16,720 Speaker 1: and they've limited the amount of time that can run. 22 00:01:17,000 --> 00:01:19,000 Speaker 1: And so they said they're going to cooperate with the 23 00:01:19,120 --> 00:01:22,399 Speaker 1: FCA during the investigation. But it was a fairly brief 24 00:01:22,440 --> 00:01:25,800 Speaker 1: statement this morning, to be honest, and I think probably 25 00:01:26,240 --> 00:01:29,440 Speaker 1: marketed by a bit of surprise. We saw them fall 26 00:01:29,520 --> 00:01:33,399 Speaker 1: actually as much as twelve percent earlier and now yes, 27 00:01:33,440 --> 00:01:36,440 Speaker 1: like I said, down more than nine percent still this morning, 28 00:01:37,160 --> 00:01:40,319 Speaker 1: and that is putting it on course for its worst day, 29 00:01:40,640 --> 00:01:43,880 Speaker 1: you know, in Auntie years. So really quite a significant 30 00:01:43,959 --> 00:01:44,360 Speaker 1: drop there. 31 00:01:44,520 --> 00:01:47,319 Speaker 4: Okay, so that's on drags. You are the spirit maker. 32 00:01:47,360 --> 00:01:50,600 Speaker 4: Per Noo Reco came out with earnings this morning. I 33 00:01:50,600 --> 00:01:54,600 Speaker 4: mean this the tariff issue which has hit the alcohol 34 00:01:54,640 --> 00:01:58,320 Speaker 4: makers so hard. But the share price is up this morning, why. 35 00:01:58,640 --> 00:02:01,160 Speaker 1: Yes, So it's quite an up beat statement from them 36 00:02:01,160 --> 00:02:05,440 Speaker 1: this morning. The ticer RIFP is up about seven and 37 00:02:05,440 --> 00:02:07,720 Speaker 1: a half percent as it stands at the moment. In Paris. 38 00:02:08,120 --> 00:02:11,639 Speaker 1: Would say that stocks and Paris are broadly higher this morning, 39 00:02:11,960 --> 00:02:16,640 Speaker 1: sort of boyant optimistic mood. They're inequity markets globally but 40 00:02:16,720 --> 00:02:21,400 Speaker 1: also particularly in Europe with car sales etc. But Perno's 41 00:02:22,040 --> 00:02:25,120 Speaker 1: shares arising and because they've reported sales that were actually 42 00:02:25,160 --> 00:02:29,080 Speaker 1: higher than estimates. Key to that was expecting a pickup 43 00:02:29,120 --> 00:02:31,519 Speaker 1: in demand in the second half of the year because 44 00:02:31,560 --> 00:02:36,320 Speaker 1: of those trade restrictions easing in places like China. So 45 00:02:36,919 --> 00:02:38,959 Speaker 1: that's been a trend we've actually seen for a while 46 00:02:39,080 --> 00:02:43,320 Speaker 1: with sales of cognac in China really picking up. We 47 00:02:43,919 --> 00:02:47,040 Speaker 1: saw that really, you know, since the sort of pandemic 48 00:02:47,080 --> 00:02:50,240 Speaker 1: restrictions lifted as well, things have improved there for them, 49 00:02:50,280 --> 00:02:52,400 Speaker 1: and they've said that they expect things to resume in 50 00:02:52,440 --> 00:02:55,519 Speaker 1: the second quarter. So I think that that's where the 51 00:02:55,960 --> 00:03:00,440 Speaker 1: tariff sort of hit isn't in that market, and things 52 00:03:00,480 --> 00:03:02,799 Speaker 1: can only really get better because it's already is that 53 00:03:02,840 --> 00:03:04,919 Speaker 1: time of year where things are quite low as well. 54 00:03:05,560 --> 00:03:08,679 Speaker 1: So shares responded quite positively this morning, having fallen a 55 00:03:08,720 --> 00:03:11,400 Speaker 1: bit already this year, so I think there's a little 56 00:03:11,440 --> 00:03:13,840 Speaker 1: bit of a sort of rebound there as well. 57 00:03:14,480 --> 00:03:18,160 Speaker 3: Delivery Hero also in the spotlight for you more when 58 00:03:18,280 --> 00:03:20,560 Speaker 3: and part of this is down to a currency effect. 59 00:03:20,840 --> 00:03:24,800 Speaker 1: Yeah, so that's a particularly interesting report this morning. The 60 00:03:24,880 --> 00:03:27,040 Speaker 1: shares have been up and down a bit, to be honest. 61 00:03:27,320 --> 00:03:31,200 Speaker 1: The tickers d H, E, R, G Y, So the 62 00:03:31,240 --> 00:03:34,639 Speaker 1: food ordering firms earnings did beat estimates in the first 63 00:03:34,680 --> 00:03:37,600 Speaker 1: half of the year, and that was particularly down to again, 64 00:03:37,640 --> 00:03:39,800 Speaker 1: as we were just saying with Perano, actually strong performance 65 00:03:39,880 --> 00:03:42,600 Speaker 1: in Asia this time. I think Carea is quite key 66 00:03:42,600 --> 00:03:47,000 Speaker 1: for them. But they analysts have also been noting that 67 00:03:47,000 --> 00:03:50,920 Speaker 1: that's the beat today was really driven by foreign exchange headwinds. 68 00:03:50,960 --> 00:03:52,840 Speaker 1: So you know, we've seen quite a lot of currency 69 00:03:52,880 --> 00:03:57,320 Speaker 1: fluctuations this year, and that really helps companies or hinders 70 00:03:57,360 --> 00:03:59,880 Speaker 1: companies sometimes. You know, if you trade in different market, 71 00:04:00,120 --> 00:04:02,240 Speaker 1: their sales are in a different currency to their profits. 72 00:04:02,760 --> 00:04:05,320 Speaker 1: So we often see that with companies reporting. But this 73 00:04:05,400 --> 00:04:10,240 Speaker 1: is something that seems to have helped them today in 74 00:04:10,320 --> 00:04:15,120 Speaker 1: terms of, you know, but the performance. But then looking 75 00:04:15,160 --> 00:04:19,240 Speaker 1: at their actual annual guidance, analysts are saying, well, look, 76 00:04:19,240 --> 00:04:21,640 Speaker 1: this is all actually just down to these these headwinds, 77 00:04:21,640 --> 00:04:23,520 Speaker 1: So we shouldn't read too much into the fact that 78 00:04:23,520 --> 00:04:26,600 Speaker 1: they've actually cut that outlook because it's stuff that really 79 00:04:26,600 --> 00:04:30,920 Speaker 1: people should have been already expected. So we're seeing a 80 00:04:30,920 --> 00:04:33,640 Speaker 1: bit of movement there in the shares, but up about 81 00:04:35,040 --> 00:04:37,040 Speaker 1: zero point seven percent at the moment. 82 00:04:38,520 --> 00:04:42,560 Speaker 2: The Stock Movers report from Bloomberg Radio. 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