WEBVTT - LVMH Falls, Future Slumps, Dermapharm Drops 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's have a look at some of the stocks on

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<v Speaker 2>the move today in Europe. I'm Caroline Hipkil I'm joined

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<v Speaker 2>by reported to you at a BAIO. Good morning. So

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<v Speaker 2>let's think about stocks in the luxury sector LVMH in particular.

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<v Speaker 2>Why are we watching this one today?

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<v Speaker 3>Yeah, so this comes amidst a bit of a downturn

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<v Speaker 3>for some of Europe's biggest companies. It's been happening for

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<v Speaker 3>quite some time now. There's actually some great reporting about

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<v Speaker 3>this on the terminal. It's illustrating how just three firms

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<v Speaker 3>are driving the continents four hundred and twenty billion euro

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<v Speaker 3>stock route. So LVMH is one of those names. It's

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<v Speaker 3>down just a little bit today, but on average over

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<v Speaker 3>the last few months it's been down over eight percent,

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<v Speaker 3>so quite a long decline there. And it's a similar

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<v Speaker 3>story for other stor warts of the Stock six hundred.

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<v Speaker 3>Names like Novo, Nordisk and SAP slump by about thirty

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<v Speaker 3>percent so far this year. But the problem is that

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<v Speaker 3>these companies seem to be overstated in terms of their

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<v Speaker 3>losses on the index. Their losses really far exceed their

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<v Speaker 3>combined index waiting of just three percent. So phenomenon to

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<v Speaker 3>watch there certainly.

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<v Speaker 2>Okay, so that in the luxury sector. Meanwhile, let's turn

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<v Speaker 2>to Media and Future PLC, which used to publish some

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<v Speaker 2>of my favorite magazines I suspect as a teenager. What

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<v Speaker 2>has been happening with this business?

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<v Speaker 3>Well, Future has slumped as much as thirty percent, the

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<v Speaker 3>lowest since October twenty seventeen, and perhaps slumping as much

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<v Speaker 3>as the print news sector. Some of those magazines are

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<v Speaker 3>not as popular as they once work, Caroline, But JP

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<v Speaker 3>Morgan has described it as a weak first half trading

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<v Speaker 3>update that gave that's what's moving the stock this morning.

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<v Speaker 3>It says that as showing impacts from the pressure on

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<v Speaker 3>their high margin advertising and e commerce revenue, also some

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<v Speaker 3>pay per click cost inflation, so that business model not

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<v Speaker 3>exactly as resilient as it has been and despite some

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<v Speaker 3>sort of benefits from strategic initiatives and signs of growth,

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<v Speaker 3>this higher audience pressure is really troubling at this stock.

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<v Speaker 3>Analyst at JP Morgan writing that their margin for ebert

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<v Speaker 3>DA will amiss by about seventeen percent. Miss expectations there,

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<v Speaker 3>so not great news for future this morning.

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<v Speaker 2>Yeah, absolutely, publishers of Mary Clare Homes and Gardens at least,

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<v Speaker 2>that's if you're still into what would be quite vintage.

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<v Speaker 2>Apparently now it's called physical media if you actually buy

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<v Speaker 2>it and do you hold on to it, it's physical

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<v Speaker 2>media rather than digital of course. Right, let's think about pharmaceuticals,

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<v Speaker 2>a job in manufacturer Derma Farm about this sector.

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<v Speaker 3>Yeah, so Derma Farm is down over four percent today.

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<v Speaker 3>That's after it missed ebit dart expectations for its full

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<v Speaker 3>year results. Have a bit of a loss there, the

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<v Speaker 3>market reacting not well. But earlier this month, actually we

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<v Speaker 3>did see a big jump for Derma Farm, the most

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<v Speaker 3>since September twenty twenty four, and that was after the

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<v Speaker 3>manufacturer of these branded pharmaceuticals unveiled plans to buy back

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<v Speaker 3>the stock at premium. But it does seem that things

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<v Speaker 3>have taken a slight turn investors not looking favorably on

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<v Speaker 3>that myss today for Derma Farm.

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