1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,280 --> 00:00:17,840 Speaker 3: Let's take a look at some stocks on the move 5 00:00:17,880 --> 00:00:20,479 Speaker 3: today in Europe. I'm Stephen Carroll with Tom McKenzie and 6 00:00:20,520 --> 00:00:22,919 Speaker 3: we're joined by Bloomberg's Breaking News out of Chloe Mela 7 00:00:23,400 --> 00:00:26,800 Speaker 3: for more, Chloe, good morning. Let's start with k ands 8 00:00:26,840 --> 00:00:28,920 Speaker 3: this morning, shares in the red. What's going on with 9 00:00:28,960 --> 00:00:30,360 Speaker 3: the German fertilizer firm. 10 00:00:30,680 --> 00:00:31,760 Speaker 1: Yes, so kNs. 11 00:00:31,880 --> 00:00:36,120 Speaker 4: It got double downgraded today to a cell rating by Behrenberg, 12 00:00:36,840 --> 00:00:40,120 Speaker 4: and that is because Barnbrook said that it expects really 13 00:00:40,159 --> 00:00:44,360 Speaker 4: lower prices for agricultural commodities from twenty twenty six from 14 00:00:44,400 --> 00:00:47,559 Speaker 4: next year, and that will obviously feed into weaker earnings 15 00:00:47,600 --> 00:00:48,440 Speaker 4: for K and S. 16 00:00:49,040 --> 00:00:50,319 Speaker 1: The analyst said that there was. 17 00:00:50,280 --> 00:00:54,440 Speaker 4: An unwinding of the upswinging prices that we saw post pandemic. 18 00:00:54,560 --> 00:00:56,120 Speaker 4: And you know, if we look at a key market 19 00:00:56,160 --> 00:00:59,960 Speaker 4: like Brazil, for example, fattillozer prices were down in August 20 00:01:00,080 --> 00:01:02,400 Speaker 4: due to really low demand, so that is perhaps a. 21 00:01:02,360 --> 00:01:04,360 Speaker 1: Taste in more weakness to come. 22 00:01:05,120 --> 00:01:08,800 Speaker 4: And also the analyst noted that higher corn production would 23 00:01:08,880 --> 00:01:12,240 Speaker 4: eventually also push prices down, so it seems like it's quite. 24 00:01:12,040 --> 00:01:13,440 Speaker 1: Bad news all around. 25 00:01:13,480 --> 00:01:16,880 Speaker 4: And you know, Barrenberg said that twenty twenty seven consensus 26 00:01:16,920 --> 00:01:20,680 Speaker 4: expectations were heavily over optimistic, so it seemed that there 27 00:01:20,760 --> 00:01:23,160 Speaker 4: is really a narrative that is taking hold at the 28 00:01:23,200 --> 00:01:26,680 Speaker 4: moment for that fertilizer stock. It has six cell ratings 29 00:01:26,720 --> 00:01:29,040 Speaker 4: and just four buys, which is really not the kind 30 00:01:29,040 --> 00:01:30,399 Speaker 4: of ratio that you want, of. 31 00:01:30,360 --> 00:01:35,000 Speaker 1: Course, and there is also movement Chloe for ifirm olt Con, 32 00:01:35,120 --> 00:01:37,040 Speaker 1: So what's the story with that company. 33 00:01:37,160 --> 00:01:41,200 Speaker 4: Yeah, ARCon makes contact lenses and other kind of ic products, 34 00:01:41,240 --> 00:01:43,840 Speaker 4: and it cut its sales guidance this morning, and it 35 00:01:44,040 --> 00:01:47,600 Speaker 4: also delivered sales growth below expectations, so it got rewarded 36 00:01:47,640 --> 00:01:50,320 Speaker 4: with quite a tough, tough share drop. 37 00:01:50,120 --> 00:01:52,520 Speaker 1: This morning up the back of that, and Lis noted 38 00:01:52,520 --> 00:01:52,840 Speaker 1: that it was. 39 00:01:52,840 --> 00:01:56,600 Speaker 4: A really tough quarter despite expectations being quite modest to 40 00:01:56,640 --> 00:01:58,800 Speaker 4: begin with, and that it really leaves it in a 41 00:01:58,800 --> 00:02:02,280 Speaker 4: tough spot right now. The areas of weakness were particularly 42 00:02:02,360 --> 00:02:05,120 Speaker 4: the surgical part of the business, so not the contact 43 00:02:05,160 --> 00:02:08,920 Speaker 4: lenses part, but the part that makes devices for eye surgery. 44 00:02:09,000 --> 00:02:10,360 Speaker 1: So for cataract surgery, for. 45 00:02:10,280 --> 00:02:14,000 Speaker 4: Example, and contact lenses was a little bit more resilient. 46 00:02:14,680 --> 00:02:17,600 Speaker 4: It did acquire a new company called Star Surgical, which 47 00:02:17,600 --> 00:02:21,200 Speaker 4: it said will expand its presence in myopia correction, so 48 00:02:21,240 --> 00:02:24,160 Speaker 4: maybe that is a catalyst in that surgical. 49 00:02:23,760 --> 00:02:24,760 Speaker 1: Segment going forward. 50 00:02:25,160 --> 00:02:28,320 Speaker 4: They are so in positives, you know, the upcoming product 51 00:02:28,400 --> 00:02:33,240 Speaker 4: launches and the EPs outlook was kept unchanged. But overall 52 00:02:33,280 --> 00:02:36,639 Speaker 4: that weakness has really put pressure on the stock this morning. 53 00:02:37,360 --> 00:02:39,000 Speaker 3: Okay, and of course, yeah, I mean the share is 54 00:02:39,040 --> 00:02:41,760 Speaker 3: down over ten percent of the moment. And next, bring 55 00:02:41,800 --> 00:02:44,600 Speaker 3: us to the dairy fern, Emmy, what's going on with them? 56 00:02:44,720 --> 00:02:47,840 Speaker 4: Yes, so it's a dairy producer over in Switzerland and 57 00:02:48,000 --> 00:02:50,880 Speaker 4: it raised its sales guidance this morning, and that is 58 00:02:50,919 --> 00:02:53,800 Speaker 4: thanks to really strong demand for dairy products, of course, 59 00:02:53,800 --> 00:02:56,440 Speaker 4: and that really led the shares higher. The company said 60 00:02:56,480 --> 00:03:01,919 Speaker 4: that the global trend towards healthy nutrition and natural products 61 00:03:01,919 --> 00:03:04,360 Speaker 4: and high quality proteins as well was really it could 62 00:03:04,360 --> 00:03:07,560 Speaker 4: really be tangibly felt, that's what it said. And so 63 00:03:07,639 --> 00:03:10,440 Speaker 4: that's really definitely a trend to keep an eye on. 64 00:03:10,480 --> 00:03:13,800 Speaker 4: This kind of growing demand for high protein, healthy products, 65 00:03:13,800 --> 00:03:16,880 Speaker 4: and that is driving earnings for those dairy producers or 66 00:03:16,919 --> 00:03:19,519 Speaker 4: meat producers as well. We saw just a few weeks 67 00:03:19,560 --> 00:03:23,840 Speaker 4: ago Cranswick, which is a UK listed producer of poultry 68 00:03:24,080 --> 00:03:26,040 Speaker 4: and pork, and it said that this kind of high 69 00:03:26,120 --> 00:03:31,519 Speaker 4: protein craze was also a significant benefit. Emmy did kevey 70 00:03:31,520 --> 00:03:33,960 Speaker 4: at all of this by saying that the overall economic 71 00:03:34,040 --> 00:03:36,560 Speaker 4: backdrop was quite challenging throughout the rest of the year. 72 00:03:36,760 --> 00:03:39,240 Speaker 4: It is dealing with the appreciation of this Swiss frank 73 00:03:39,320 --> 00:03:42,400 Speaker 4: and also US tariffs of course, so that is still 74 00:03:42,440 --> 00:03:46,440 Speaker 4: posing some challenges, but the high organic sales and the 75 00:03:46,480 --> 00:03:48,920 Speaker 4: cost savings will probably help it going forward. 76 00:03:49,000 --> 00:03:50,280 Speaker 1: So quite a good day for Emmy. 77 00:03:50,280 --> 00:03:55,560 Speaker 2: This morning the Stock Mover's Report from Bloomberg Radio. 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