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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 1: Let's take a look at some stocks on the move
Speaker 1: today in Europe.
Speaker 2: I'm Stephen Carroll with Anna Edwards and we're joined by
Speaker 2: Bloomberg's breaking news editor Louise Moon.
Speaker 1: Louise, good morning.
Speaker 2: Let's start with Sage Group, one of a number of
Speaker 2: European software firms whose shares are lower this morning. Indeed.
Speaker 4: So, Sage Group down about 3% last time we looked
Speaker 4: in morning trading.
Speaker 1: As you say, peers are similar across the board as well.
Speaker 4: This is kind of the European playthrough from weakness overnight
Speaker 4: in the U.S. So, they had results from Intuit and
Speaker 4: Zoom yesterday in the U.S. and they both fell in
Speaker 4: late trading, essentially disappointment. So, Intuit had a weak outlook.
Speaker 4: Its shares were down 10%. Zoom, its third quarter outlook,
Speaker 4: weaker than expected. down over 4%, both in late trading. So, yeah,
Speaker 4: this is playing through into Europe. European software stocks. Essentially,
Speaker 4: it's pointing to potential slower growth in the sector, broad-based
Speaker 4: kind of deceleration there and signaling a bit of disruption.
Speaker 1: Both U.S.
Speaker 4: And European software stocks have kind of rallied since late July. So,
Speaker 4: it's a bit of a pullback from that on those worries.
Speaker 3: Let's talk about protein powder maker Applied Nutrition. I thought
Speaker 3: we'd reach peak peak protein, Louise, when we saw all
Speaker 3: those yogurts. But it turns out the powder craze has
Speaker 3: powered it to new levels.
Speaker 4: What's the story with Applied Nutrition? Yeah, close to record highs. So,
Speaker 4: shares up almost or around 9% this morning. They've upgraded
Speaker 4: their profit guidance again for next year. Well, essentially, this
Speaker 4: year has been very good. Analysts saying that trading momentum
Speaker 4: has been exceptional. Strong sales, as you say, all on
Speaker 4: the back of this protein craze. that we've been seeing. So,
Speaker 4: they make protein shakes, they make supplements, and a host
Speaker 4: of other things. So, analysts are saying that represents a 3%
Speaker 4: uplift for 2026 and 2027 financial years.
Speaker 1: Applied nutrition, it was a relatively short statement. Overall, mostly positive.
Speaker 4: But they did note that margins will see some pressure
Speaker 4: next year, partly because of whey protein input costs rising. So,
Speaker 4: they did note that, but still shares, as I say,
Speaker 4: up about 9% and close to a record high.
Speaker 2: And lastly, Salmars on the menu after the Norwegian salmon
Speaker 2: company reported strong results.
Speaker 1: Yes, that was earlier this week. They had their second
Speaker 1: quarter results.
Speaker 4: And then the fresh news is that they've been raised
Speaker 4: to a hold at Nordia. So, Nordia saying that there's
Speaker 4: limited fuel for a sell case in the short term.
Speaker 4: Basically saying they've got very solid position in the long run,
Speaker 4: strong long-term salmon pricing momentum, premium growth prospects. They did
Speaker 4: say there's a bit of ambiguity around feed costs, that
Speaker 4: the cost of that is rising.
Speaker 1: But overall, things are positive.
Speaker 4: And as I say, this followed their second quarter results
Speaker 4: earlier this week, where their improved guidance for their harvesting,
Speaker 4: for their salmon harvesting, essentially helped to offset what was
Speaker 4: actually a miss in earnings. So, investors are focusing on
Speaker 4: the longer run, the second half and beyond. And if
Speaker 4: you look at their analyst ratings, they've got eight buys,
Speaker 4: six holds and one sell, which kind of demonstrates that thinking.
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