WEBVTT - EasyJet Jumps, Vodafone Soars, Randstad Rises

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Now, let's take a look at some stocks on the

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<v Speaker 3>move today in Europe. I'm Rich Levins with Caroline Hepcat

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<v Speaker 3>and we're joined by Bloomberg's clone Malay Chlarie. Thank you

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<v Speaker 3>for coming in. Easy Jet, they seem to be in

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<v Speaker 3>the middle of a surprise bidding war. Tell us what's

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<v Speaker 3>going on.

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<v Speaker 1>Yes, we've got a potential bidding war on our hands

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<v Speaker 1>with EasyJet. So a polo came out this morning with

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<v Speaker 1>a higher offer than Castle Lake for easy Jet, a

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<v Speaker 1>five point seven pound offer. At the beginning of the week,

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<v Speaker 1>it looked very much set in stone that Castle Lake

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<v Speaker 1>would be a buying EasyJet after winning the airline over

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<v Speaker 1>with a fifth takeover bid. But there was a bit

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<v Speaker 1>of a surprise twus this morning, and now Castlelake needs

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<v Speaker 1>to look at this latest offer from a polo and

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<v Speaker 1>figure out whether it makes sense to come back and

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<v Speaker 1>bid even higher. Castle Lake still retains a possible edge

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<v Speaker 1>because it was granted access to Easyjet's books following the

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<v Speaker 1>latest bid, so it has that information. And then Apola

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<v Speaker 1>also hasn't sorted out yet the European partner that it

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<v Speaker 1>needs because that's what European and UK rules require for

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<v Speaker 1>a takeover. So we'll be keeping an eye on all

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<v Speaker 1>the developments are there. But easy Jet shares have sowed

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<v Speaker 1>this morning on the back of this.

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<v Speaker 3>Yeah, okay, so that on EasyJet really interesting bit of

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<v Speaker 3>m and A. Meanwhile, there's a new big shareholder full Vodafone.

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<v Speaker 1>Yeah, and Vodaphone is up very very strongly this morning,

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<v Speaker 1>so it's biggest shareholder. Emirates Telecom agreed to sell its

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<v Speaker 1>entire sixteen percent stake in Vodaphone to the French billionaire Xavignielle.

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<v Speaker 1>Means that Neielle now becomes the biggest investor in the company.

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<v Speaker 1>He's very familiar with the telecom market already. Nielle hold

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<v Speaker 1>telecom assets around the world pretty much, and for Voteraphone,

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<v Speaker 1>this comes at a very interesting time. It has this

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<v Speaker 1>ongoing strategy of refocusing on the UK market and the

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<v Speaker 1>German market and divesting from the less profitable markets around

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<v Speaker 1>the world. So that's really reshaping that European telecom sector,

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<v Speaker 1>which has been struggling for a few years now because

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<v Speaker 1>of very intense competition and very fragmented markets, and Voteraphone

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<v Speaker 1>has said that it looks forward to engaging with Niell

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<v Speaker 1>as a supporting long term shareholder and the shares of

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<v Speaker 1>responding very well this morning, as I said, very much

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<v Speaker 1>soaring at the open.

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<v Speaker 3>And away from those two big corporate stories of the day,

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<v Speaker 3>it seems that recruiters are also having a good time.

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<v Speaker 3>Why are they also rallying?

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<v Speaker 1>Yeah, so recruiters are in the green today, which is

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<v Speaker 1>not where they usually are. So recruitment companies have been

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<v Speaker 1>having quite a tough time lately because of course we've

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<v Speaker 1>had very low company confidence, meaning that hiring plans have

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<v Speaker 1>been really much, very much put on hold, kind of

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<v Speaker 1>a cross sectors, and of course we've got this AI threat,

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<v Speaker 1>the potential for AI replacing some jobs. But today there

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<v Speaker 1>was a very positive update from the recruitment company Hayes

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<v Speaker 1>in the UK. It said that I saw improvements in

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<v Speaker 1>a lot of those markets and expects earnings to come

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<v Speaker 1>in at the top end of expectations. And so that

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<v Speaker 1>relief has spread across the entire sector. We've seen Randstad,

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<v Speaker 1>a Deco page group all of those names up in

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<v Speaker 1>the green. This is an interesting tech sector to watch,

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<v Speaker 1>and you know, not to plug my own stuff, but

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<v Speaker 1>I did write this week about this and about recruiters

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<v Speaker 1>trying to move with the AI boom and changing their

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<v Speaker 1>strategy accordingly. So really refocusing on advertising for very niche

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<v Speaker 1>roles that are you know, things like AI trainers, all

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<v Speaker 1>of those roles that are in very strong demand in

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<v Speaker 1>the AI economy, and moving away from some markets that

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<v Speaker 1>are weaker, including the more junior end of the market

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<v Speaker 1>where there's a lot more AI displacement.

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<v Speaker 3>So it's very interesting.

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