Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move
Speaker 3: today in Europe. I'm Stephen Carroll with Tom McKenzie and
Speaker 3: we're joined by Bloomberg's Breaking News out of Chloe Mela
Speaker 3: for more, Chloe, good morning. Let's start with k ands
Speaker 3: this morning, shares in the red. What's going on with
Speaker 3: the German fertilizer firm.
Speaker 1: Yes, so kNs.
Speaker 4: It got double downgraded today to a cell rating by Behrenberg,
Speaker 4: and that is because Barnbrook said that it expects really
Speaker 4: lower prices for agricultural commodities from twenty twenty six from
Speaker 4: next year, and that will obviously feed into weaker earnings
Speaker 4: for K and S.
Speaker 1: The analyst said that there was.
Speaker 4: An unwinding of the upswinging prices that we saw post pandemic.
Speaker 4: And you know, if we look at a key market
Speaker 4: like Brazil, for example, fattillozer prices were down in August
Speaker 4: due to really low demand, so that is perhaps a.
Speaker 1: Taste in more weakness to come.
Speaker 4: And also the analyst noted that higher corn production would
Speaker 4: eventually also push prices down, so it seems like it's quite.
Speaker 1: Bad news all around.
Speaker 4: And you know, Barrenberg said that twenty twenty seven consensus
Speaker 4: expectations were heavily over optimistic, so it seemed that there
Speaker 4: is really a narrative that is taking hold at the
Speaker 4: moment for that fertilizer stock. It has six cell ratings
Speaker 4: and just four buys, which is really not the kind
Speaker 4: of ratio that you want, of.
Speaker 1: Course, and there is also movement Chloe for ifirm olt Con,
Speaker 1: So what's the story with that company.
Speaker 4: Yeah, ARCon makes contact lenses and other kind of ic products,
Speaker 4: and it cut its sales guidance this morning, and it
Speaker 4: also delivered sales growth below expectations, so it got rewarded
Speaker 4: with quite a tough, tough share drop.
Speaker 1: This morning up the back of that, and Lis noted
Speaker 1: that it was.
Speaker 4: A really tough quarter despite expectations being quite modest to
Speaker 4: begin with, and that it really leaves it in a
Speaker 4: tough spot right now. The areas of weakness were particularly
Speaker 4: the surgical part of the business, so not the contact
Speaker 4: lenses part, but the part that makes devices for eye surgery.
Speaker 1: So for cataract surgery, for.
Speaker 4: Example, and contact lenses was a little bit more resilient.
Speaker 4: It did acquire a new company called Star Surgical, which
Speaker 4: it said will expand its presence in myopia correction, so
Speaker 4: maybe that is a catalyst in that surgical.
Speaker 1: Segment going forward.
Speaker 4: They are so in positives, you know, the upcoming product
Speaker 4: launches and the EPs outlook was kept unchanged. But overall
Speaker 4: that weakness has really put pressure on the stock this morning.
Speaker 3: Okay, and of course, yeah, I mean the share is
Speaker 3: down over ten percent of the moment. And next, bring
Speaker 3: us to the dairy fern, Emmy, what's going on with them?
Speaker 4: Yes, so it's a dairy producer over in Switzerland and
Speaker 4: it raised its sales guidance this morning, and that is
Speaker 4: thanks to really strong demand for dairy products, of course,
Speaker 4: and that really led the shares higher. The company said
Speaker 4: that the global trend towards healthy nutrition and natural products
Speaker 4: and high quality proteins as well was really it could
Speaker 4: really be tangibly felt, that's what it said. And so
Speaker 4: that's really definitely a trend to keep an eye on.
Speaker 4: This kind of growing demand for high protein, healthy products,
Speaker 4: and that is driving earnings for those dairy producers or
Speaker 4: meat producers as well. We saw just a few weeks
Speaker 4: ago Cranswick, which is a UK listed producer of poultry
Speaker 4: and pork, and it said that this kind of high
Speaker 4: protein craze was also a significant benefit. Emmy did kevey
Speaker 4: at all of this by saying that the overall economic
Speaker 4: backdrop was quite challenging throughout the rest of the year.
Speaker 4: It is dealing with the appreciation of this Swiss frank
Speaker 4: and also US tariffs of course, so that is still
Speaker 4: posing some challenges, but the high organic sales and the
Speaker 4: cost savings will probably help it going forward.
Speaker 1: So quite a good day for Emmy.
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