WEBVTT - Sage Group Drops, Applied Nutrition Rises, Salmar Gains

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<v Speaker 2>The Stock Movers Report. Your roundup of companies making moves

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<v Speaker 1>Let's take a look at some stocks on the move

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<v Speaker 1>today in Europe.

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<v Speaker 2>I'm Stephen Carroll with Anna Edwards and we're joined by

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<v Speaker 2>Bloomberg's breaking news editor Louise Moon.

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<v Speaker 1>Louise, good morning.

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<v Speaker 2>Let's start with Sage Group, one of a number of

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<v Speaker 2>European software firms whose shares are lower this morning. Indeed.

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<v Speaker 4>So, Sage Group down about 3% last time we looked

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<v Speaker 4>in morning trading.

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<v Speaker 1>As you say, peers are similar across the board as well.

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<v Speaker 4>This is kind of the European playthrough from weakness overnight

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<v Speaker 4>in the U.S. So, they had results from Intuit and

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<v Speaker 4>Zoom yesterday in the U.S. and they both fell in

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<v Speaker 4>late trading, essentially disappointment. So, Intuit had a weak outlook.

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<v Speaker 4>Its shares were down 10%. Zoom, its third quarter outlook,

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<v Speaker 4>weaker than expected. down over 4%, both in late trading. So, yeah,

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<v Speaker 4>this is playing through into Europe. European software stocks. Essentially,

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<v Speaker 4>it's pointing to potential slower growth in the sector, broad-based

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<v Speaker 4>kind of deceleration there and signaling a bit of disruption.

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<v Speaker 1>Both U.S.

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<v Speaker 4>And European software stocks have kind of rallied since late July. So,

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<v Speaker 4>it's a bit of a pullback from that on those worries.

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<v Speaker 3>Let's talk about protein powder maker Applied Nutrition. I thought

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<v Speaker 3>we'd reach peak peak protein, Louise, when we saw all

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<v Speaker 3>those yogurts. But it turns out the powder craze has

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<v Speaker 3>powered it to new levels.

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<v Speaker 4>What's the story with Applied Nutrition? Yeah, close to record highs. So,

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<v Speaker 4>shares up almost or around 9% this morning. They've upgraded

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<v Speaker 4>their profit guidance again for next year. Well, essentially, this

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<v Speaker 4>year has been very good. Analysts saying that trading momentum

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<v Speaker 4>has been exceptional. Strong sales, as you say, all on

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<v Speaker 4>the back of this protein craze. that we've been seeing. So,

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<v Speaker 4>they make protein shakes, they make supplements, and a host

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<v Speaker 4>of other things. So, analysts are saying that represents a 3%

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<v Speaker 4>uplift for 2026 and 2027 financial years.

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<v Speaker 1>Applied nutrition, it was a relatively short statement. Overall, mostly positive.

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<v Speaker 4>But they did note that margins will see some pressure

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<v Speaker 4>next year, partly because of whey protein input costs rising. So,

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<v Speaker 4>they did note that, but still shares, as I say,

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<v Speaker 4>up about 9% and close to a record high.

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<v Speaker 2>And lastly, Salmars on the menu after the Norwegian salmon

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<v Speaker 2>company reported strong results.

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<v Speaker 1>Yes, that was earlier this week. They had their second

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<v Speaker 1>quarter results.

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<v Speaker 4>And then the fresh news is that they've been raised

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<v Speaker 4>to a hold at Nordia. So, Nordia saying that there's

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<v Speaker 4>limited fuel for a sell case in the short term.

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<v Speaker 4>Basically saying they've got very solid position in the long run,

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<v Speaker 4>strong long-term salmon pricing momentum, premium growth prospects. They did

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<v Speaker 4>say there's a bit of ambiguity around feed costs, that

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<v Speaker 4>the cost of that is rising.

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<v Speaker 1>But overall, things are positive.

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<v Speaker 4>And as I say, this followed their second quarter results

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<v Speaker 4>earlier this week, where their improved guidance for their harvesting,

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<v Speaker 4>for their salmon harvesting, essentially helped to offset what was

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<v Speaker 4>actually a miss in earnings. So, investors are focusing on

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<v Speaker 4>the longer run, the second half and beyond. And if

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<v Speaker 4>you look at their analyst ratings, they've got eight buys,

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<v Speaker 4>six holds and one sell, which kind of demonstrates that thinking.

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