1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,480 --> 00:00:18,240 Speaker 2: Let's have a look at some of the stocks on 5 00:00:18,280 --> 00:00:21,200 Speaker 2: the move today in Europe. I'm Caroline Hipkil I'm joined 6 00:00:21,200 --> 00:00:23,800 Speaker 2: by reported to you at a BAIO. Good morning. So 7 00:00:24,160 --> 00:00:30,240 Speaker 2: let's think about stocks in the luxury sector LVMH in particular. 8 00:00:30,720 --> 00:00:32,600 Speaker 2: Why are we watching this one today? 9 00:00:33,080 --> 00:00:35,520 Speaker 3: Yeah, so this comes amidst a bit of a downturn 10 00:00:35,640 --> 00:00:38,440 Speaker 3: for some of Europe's biggest companies. It's been happening for 11 00:00:38,560 --> 00:00:42,280 Speaker 3: quite some time now. There's actually some great reporting about 12 00:00:42,280 --> 00:00:46,200 Speaker 3: this on the terminal. It's illustrating how just three firms 13 00:00:46,240 --> 00:00:50,320 Speaker 3: are driving the continents four hundred and twenty billion euro 14 00:00:50,440 --> 00:00:53,960 Speaker 3: stock route. So LVMH is one of those names. It's 15 00:00:54,000 --> 00:00:56,319 Speaker 3: down just a little bit today, but on average over 16 00:00:56,320 --> 00:00:58,640 Speaker 3: the last few months it's been down over eight percent, 17 00:00:59,200 --> 00:01:02,760 Speaker 3: so quite a long decline there. And it's a similar 18 00:01:02,800 --> 00:01:04,919 Speaker 3: story for other stor warts of the Stock six hundred. 19 00:01:05,000 --> 00:01:09,440 Speaker 3: Names like Novo, Nordisk and SAP slump by about thirty 20 00:01:09,480 --> 00:01:12,360 Speaker 3: percent so far this year. But the problem is that 21 00:01:12,440 --> 00:01:16,039 Speaker 3: these companies seem to be overstated in terms of their 22 00:01:16,080 --> 00:01:20,319 Speaker 3: losses on the index. Their losses really far exceed their 23 00:01:20,319 --> 00:01:24,280 Speaker 3: combined index waiting of just three percent. So phenomenon to 24 00:01:24,280 --> 00:01:25,160 Speaker 3: watch there certainly. 25 00:01:25,400 --> 00:01:29,240 Speaker 2: Okay, so that in the luxury sector. Meanwhile, let's turn 26 00:01:29,280 --> 00:01:33,240 Speaker 2: to Media and Future PLC, which used to publish some 27 00:01:33,280 --> 00:01:36,559 Speaker 2: of my favorite magazines I suspect as a teenager. What 28 00:01:36,720 --> 00:01:38,480 Speaker 2: has been happening with this business? 29 00:01:39,080 --> 00:01:42,920 Speaker 3: Well, Future has slumped as much as thirty percent, the 30 00:01:42,959 --> 00:01:46,640 Speaker 3: lowest since October twenty seventeen, and perhaps slumping as much 31 00:01:46,760 --> 00:01:49,040 Speaker 3: as the print news sector. Some of those magazines are 32 00:01:49,040 --> 00:01:51,680 Speaker 3: not as popular as they once work, Caroline, But JP 33 00:01:51,840 --> 00:01:55,560 Speaker 3: Morgan has described it as a weak first half trading 34 00:01:55,600 --> 00:01:58,120 Speaker 3: update that gave that's what's moving the stock this morning. 35 00:01:58,600 --> 00:02:01,920 Speaker 3: It says that as showing impacts from the pressure on 36 00:02:01,960 --> 00:02:06,080 Speaker 3: their high margin advertising and e commerce revenue, also some 37 00:02:06,400 --> 00:02:10,080 Speaker 3: pay per click cost inflation, so that business model not 38 00:02:10,400 --> 00:02:14,280 Speaker 3: exactly as resilient as it has been and despite some 39 00:02:14,320 --> 00:02:18,120 Speaker 3: sort of benefits from strategic initiatives and signs of growth, 40 00:02:18,560 --> 00:02:23,239 Speaker 3: this higher audience pressure is really troubling at this stock. 41 00:02:25,280 --> 00:02:30,120 Speaker 3: Analyst at JP Morgan writing that their margin for ebert 42 00:02:30,240 --> 00:02:34,960 Speaker 3: DA will amiss by about seventeen percent. Miss expectations there, 43 00:02:35,240 --> 00:02:37,880 Speaker 3: so not great news for future this morning. 44 00:02:37,960 --> 00:02:42,160 Speaker 2: Yeah, absolutely, publishers of Mary Clare Homes and Gardens at least, 45 00:02:42,200 --> 00:02:45,600 Speaker 2: that's if you're still into what would be quite vintage. 46 00:02:45,760 --> 00:02:49,120 Speaker 2: Apparently now it's called physical media if you actually buy 47 00:02:49,200 --> 00:02:52,240 Speaker 2: it and do you hold on to it, it's physical 48 00:02:52,280 --> 00:02:55,840 Speaker 2: media rather than digital of course. Right, let's think about pharmaceuticals, 49 00:02:55,960 --> 00:03:00,960 Speaker 2: a job in manufacturer Derma Farm about this sector. 50 00:03:01,600 --> 00:03:05,440 Speaker 3: Yeah, so Derma Farm is down over four percent today. 51 00:03:05,480 --> 00:03:09,359 Speaker 3: That's after it missed ebit dart expectations for its full 52 00:03:09,440 --> 00:03:11,720 Speaker 3: year results. Have a bit of a loss there, the 53 00:03:11,760 --> 00:03:15,240 Speaker 3: market reacting not well. But earlier this month, actually we 54 00:03:15,280 --> 00:03:17,720 Speaker 3: did see a big jump for Derma Farm, the most 55 00:03:17,720 --> 00:03:20,800 Speaker 3: since September twenty twenty four, and that was after the 56 00:03:20,800 --> 00:03:25,720 Speaker 3: manufacturer of these branded pharmaceuticals unveiled plans to buy back 57 00:03:26,040 --> 00:03:29,000 Speaker 3: the stock at premium. But it does seem that things 58 00:03:29,000 --> 00:03:32,960 Speaker 3: have taken a slight turn investors not looking favorably on 59 00:03:33,040 --> 00:03:34,760 Speaker 3: that myss today for Derma Farm. 60 00:03:35,560 --> 00:03:39,600 Speaker 1: The stock Mover's report from Bloomberg Radio. 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