1 00:00:02,520 --> 00:00:07,440 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 00:00:16,880 --> 00:00:18,279 Speaker 3: Let's have a look at some of the stocks on 5 00:00:18,320 --> 00:00:21,239 Speaker 3: the move today here in Europe. I'm Caroline Hetger alongside 6 00:00:21,320 --> 00:00:24,000 Speaker 3: Lizzie Burden and we're joined by Bloomberg's Equities. Were port 7 00:00:24,040 --> 00:00:26,920 Speaker 3: to Joe easton Good Morning Joe. So a new CEO 8 00:00:27,080 --> 00:00:30,040 Speaker 3: seems to be the summer must have for Stilantis and 9 00:00:30,080 --> 00:00:33,559 Speaker 3: Remi Cuatro. How are European markets reacting then to the 10 00:00:33,600 --> 00:00:34,160 Speaker 3: news today. 11 00:00:34,560 --> 00:00:36,760 Speaker 1: Yes, so we've got a couple of bits of CEO news, 12 00:00:36,760 --> 00:00:39,839 Speaker 1: as you say, We've got news of Stilantis is of 13 00:00:39,920 --> 00:00:43,080 Speaker 1: course the owner of Jeep another brands Chrysler as well. 14 00:00:43,120 --> 00:00:46,680 Speaker 1: In the US, they're announcing that Antonio Filoso will be 15 00:00:46,760 --> 00:00:51,400 Speaker 1: the new leader. He is an experienced executive that recently 16 00:00:51,880 --> 00:00:55,000 Speaker 1: was head of the company's North American operations. So this 17 00:00:55,120 --> 00:00:59,400 Speaker 1: is kind of playing into the focus on the US 18 00:00:59,600 --> 00:01:02,600 Speaker 1: tariff situation, it seems to be, and that's also a 19 00:01:02,600 --> 00:01:06,319 Speaker 1: similar situation overt remy countro so very different businesses. Is 20 00:01:06,720 --> 00:01:09,760 Speaker 1: Cognac and other alcoholic beverages. Now they've got a new 21 00:01:09,800 --> 00:01:14,440 Speaker 1: CEO coming in as well, a guy named Frank Merrily. 22 00:01:14,880 --> 00:01:18,640 Speaker 1: Now this is an external appointment. Now, interestingly for this 23 00:01:19,400 --> 00:01:22,000 Speaker 1: is that Merrily. I'm sure I'm not doing his name 24 00:01:22,120 --> 00:01:25,280 Speaker 1: justice there, but he is actually a trade advisor to 25 00:01:25,360 --> 00:01:28,039 Speaker 1: the French government. So this is kind of again it's 26 00:01:28,040 --> 00:01:31,080 Speaker 1: playing into this theme of European companies they need to 27 00:01:31,400 --> 00:01:35,080 Speaker 1: tackle the political landscape, the tariff situation, and therefore appointing 28 00:01:35,120 --> 00:01:38,080 Speaker 1: these experienced people in these roles. In the tech space, 29 00:01:38,160 --> 00:01:41,800 Speaker 1: Joe the chip provider swat Tech is feeling uncertain. Is 30 00:01:41,800 --> 00:01:43,880 Speaker 1: it a sign of more things to come for the sector. 31 00:01:44,520 --> 00:01:47,440 Speaker 1: So this is a nasty one that stocked down twenty 32 00:01:47,480 --> 00:01:50,240 Speaker 1: three percent today, So swat Tech, I'm going to go 33 00:01:50,320 --> 00:01:53,800 Speaker 1: with Lizzie's pronunciation on that. I think that that's fantastic. Yeah, 34 00:01:53,880 --> 00:01:56,200 Speaker 1: it sounds nice. I was going to go sou Tech, 35 00:01:56,360 --> 00:01:58,320 Speaker 1: but I think I'm going to I'm going to stick 36 00:01:58,320 --> 00:02:01,400 Speaker 1: with Swartek for now. But that one down twenty three 37 00:02:01,480 --> 00:02:05,280 Speaker 1: percent today, the company withdrawing their guidance. Now, this company 38 00:02:05,320 --> 00:02:09,120 Speaker 1: makes wafers. Do not get that confused with ice cream wafers. 39 00:02:09,400 --> 00:02:12,639 Speaker 1: These are wafers that are used to make semiconductors, so 40 00:02:12,680 --> 00:02:16,120 Speaker 1: it's kind of the material that chip makers then use 41 00:02:16,200 --> 00:02:19,760 Speaker 1: to build semiconductors on. The company has been hit by 42 00:02:19,760 --> 00:02:22,680 Speaker 1: a decline in the auto market and also cell phones 43 00:02:22,720 --> 00:02:25,840 Speaker 1: as well, so weakness in the end market, pulling their guidance, 44 00:02:26,000 --> 00:02:29,760 Speaker 1: just scrapping it entirely. After a forty eight percent drop 45 00:02:29,840 --> 00:02:32,240 Speaker 1: in some of their earnings numbers in the last period, 46 00:02:32,480 --> 00:02:35,080 Speaker 1: stock absolutely slammed today, down twenty three percent. 47 00:02:36,000 --> 00:02:41,760 Speaker 3: Okay, so that in the kind of chip space realm anyway. Now, meanwhile, 48 00:02:41,760 --> 00:02:47,800 Speaker 3: we've also got DIY Kingfisher sales stalling, investors jumping ship. 49 00:02:48,880 --> 00:02:52,000 Speaker 1: So Kingfisher, well I'm trying to work out with that 50 00:02:52,040 --> 00:02:53,960 Speaker 1: was a pun or not. But Kingfisher that one is 51 00:02:54,120 --> 00:02:57,919 Speaker 1: down five percent today. So Kingfisher the owner of B 52 00:02:58,080 --> 00:03:00,280 Speaker 1: and Q. So that's what it's known for INK. But 53 00:03:00,840 --> 00:03:04,799 Speaker 1: interestingly they do have big Polish and French operations as well, 54 00:03:04,840 --> 00:03:07,280 Speaker 1: and actually in the statement it seems to be the 55 00:03:07,280 --> 00:03:12,000 Speaker 1: international sales of France Poland actually weaker. The UK market 56 00:03:12,280 --> 00:03:15,440 Speaker 1: has actually improved despite the weather not being great, so 57 00:03:15,600 --> 00:03:18,239 Speaker 1: kind of not encouraging people to get down to being 58 00:03:18,360 --> 00:03:20,640 Speaker 1: Q but the UK sales actually holding up better than 59 00:03:20,639 --> 00:03:24,400 Speaker 1: expected weakness over in France, the French and the Polish 60 00:03:24,560 --> 00:03:28,520 Speaker 1: not doing enough work on their houses over the spring months, 61 00:03:28,560 --> 00:03:29,720 Speaker 1: according to their statement. 62 00:03:31,040 --> 00:03:35,080 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 63 00:03:35,160 --> 00:03:37,720 Speaker 2: us throughout the day for the latest roundup of companies 64 00:03:37,800 --> 00:03:40,920 Speaker 2: making news on Wall Street and for the latest market 65 00:03:40,920 --> 00:03:45,400 Speaker 2: moving headlines. 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