Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
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 3: Let's take a look at some of the stocks on
Speaker 3: the move today here in Europe. I'm Caroline Hepkar with
Speaker 3: Lizzie Burdon, and we're joined by Blomberg reporter clom Mala.
Speaker 3: Good morning, Chloe. Delivery Hero appearing to have found an
Speaker 3: activist villain.
Speaker 1: Yeah, indeed, so Process has sold a five percent stake
Speaker 1: in Delivery Hero to Aspects Management, which is an activist
Speaker 1: investor that's been really trying to get Delivery Hero to
Speaker 1: offload some assets. So the estate cell increases Aspects holding
Speaker 1: to about fourteen percent. So that's quite a big stake,
Speaker 1: and that means a lot of pressure piling on the CEO,
Speaker 1: given the Aspects as previously campaigned to have him removed
Speaker 1: unless he goes ahead and sells units to try and
Speaker 1: boost performance. So Delivery Hero shares have not been doing
Speaker 1: very well for a while now. They've never really recovered
Speaker 1: from the heights that they managed to reach during the pandemic, when,
Speaker 1: of course a lot of people were ordering things at home.
Speaker 1: There's also a company that operates in a lot of countries,
Speaker 1: but sixty five countries, and so Aspects is trying to
Speaker 1: get it to get rid of some of those local
Speaker 1: units and trying to streamline some of those operations. So
Speaker 1: shares have been on a very steady downward trajectory as
Speaker 1: I was saying. But the news of this stake cell,
Speaker 1: which means likely there will see more asset disposals, that's
Speaker 1: really boosting the stock this morning.
Speaker 3: When we look to energy this morningployee, it's one of
Speaker 3: the better performing sectors. Is that just because of the
Speaker 3: oil price or other particular idiosyncratic moves here?
Speaker 1: Yeah, there's a couple of things happening for BP in particular,
Speaker 1: so doing pretty well for a couple of reasons. As
Speaker 1: you mentioned, there's a sector wide move with all of
Speaker 1: those oil majors up today because oil prices are up
Speaker 1: after jumping around rejected each other's peace proposals. That makes
Speaker 1: the ceasefire now look even more fragile than it did before.
Speaker 1: And we also had the CEO of Aramco as saying
Speaker 1: that the market could only begin to normalize in twenty
Speaker 1: twenty seven, so next year, if shipping through the stray
Speaker 1: of horn moves remains curtailed for more than a few
Speaker 1: weeks from now. And then there's also a company specific
Speaker 1: thing happening with BP, where OURBC analysts have upgraded the
Speaker 1: company as saying that the current commodity price environment that
Speaker 1: we have now actually creates a really good opportunity for
Speaker 1: BP to de leverage and restore its financial health and
Speaker 1: financial stability. So that's quite a big vote of confidence
Speaker 1: for BP, given that it's in the middle of this
Speaker 1: really big turnaround.
Speaker 3: Okay, so that on BP obviously subject to all of
Speaker 3: the oil price moves that we've seen recently, including today
Speaker 3: what Brank Food trading around one hundred and four hundred
Speaker 3: and five dollars about lastly, let's think about Compass, pointing
Speaker 3: investors in a positive diffection.
Speaker 1: Yeah, so Compass is a catering company is doing very,
Speaker 1: really well. So it's raised this profit guidance this morning,
Speaker 1: and that is after it's first half results actually hit
Speaker 1: a record. So that was driven by increased demand for
Speaker 1: outsourced catering and cleaning services across a range of industries.
Speaker 1: So profit actually tripled from twenty twenty one to twenty
Speaker 1: twenty five, and there's even more growth ahead for the companies.
Speaker 1: There's a real momentum in outsourcing for offices, bars, restaurants, cafes,
Speaker 1: et cetera. And the CEO said that was because companies
Speaker 1: were facing increasing complexity like food regulations, like allergens as well,
Speaker 1: and they also really wanted data led insights, and so
Speaker 1: that means that lends itself really well to outsourcing some
Speaker 1: services rather than doing it on your own. And there
Speaker 1: had been some concern that perhaps we'd see some impacts
Speaker 1: from you know, a lot of layoffs and AI displacement,
Speaker 1: et cetera, in terms of demand from offices, but it
Speaker 1: seems that really hasn't been the case, and so Compass
Speaker 1: is doing really really well with very strong performance, and
Speaker 1: that's really driving the shares as well.
Speaker 2: This morning the Stock Movers Report from Bloomberg Radio. Check
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