Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,
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Speaker 2: Let's have a look at some of the stocks on
Speaker 2: the move today in Europe. I'm Caroline Hipkil I'm joined
Speaker 2: by reported to you at a BAIO. Good morning. So
Speaker 2: let's think about stocks in the luxury sector LVMH in particular.
Speaker 2: Why are we watching this one today?
Speaker 3: Yeah, so this comes amidst a bit of a downturn
Speaker 3: for some of Europe's biggest companies. It's been happening for
Speaker 3: quite some time now. There's actually some great reporting about
Speaker 3: this on the terminal. It's illustrating how just three firms
Speaker 3: are driving the continents four hundred and twenty billion euro
Speaker 3: stock route. So LVMH is one of those names. It's
Speaker 3: down just a little bit today, but on average over
Speaker 3: the last few months it's been down over eight percent,
Speaker 3: so quite a long decline there. And it's a similar
Speaker 3: story for other stor warts of the Stock six hundred.
Speaker 3: Names like Novo, Nordisk and SAP slump by about thirty
Speaker 3: percent so far this year. But the problem is that
Speaker 3: these companies seem to be overstated in terms of their
Speaker 3: losses on the index. Their losses really far exceed their
Speaker 3: combined index waiting of just three percent. So phenomenon to
Speaker 3: watch there certainly.
Speaker 2: Okay, so that in the luxury sector. Meanwhile, let's turn
Speaker 2: to Media and Future PLC, which used to publish some
Speaker 2: of my favorite magazines I suspect as a teenager. What
Speaker 2: has been happening with this business?
Speaker 3: Well, Future has slumped as much as thirty percent, the
Speaker 3: lowest since October twenty seventeen, and perhaps slumping as much
Speaker 3: as the print news sector. Some of those magazines are
Speaker 3: not as popular as they once work, Caroline, But JP
Speaker 3: Morgan has described it as a weak first half trading
Speaker 3: update that gave that's what's moving the stock this morning.
Speaker 3: It says that as showing impacts from the pressure on
Speaker 3: their high margin advertising and e commerce revenue, also some
Speaker 3: pay per click cost inflation, so that business model not
Speaker 3: exactly as resilient as it has been and despite some
Speaker 3: sort of benefits from strategic initiatives and signs of growth,
Speaker 3: this higher audience pressure is really troubling at this stock.
Speaker 3: Analyst at JP Morgan writing that their margin for ebert
Speaker 3: DA will amiss by about seventeen percent. Miss expectations there,
Speaker 3: so not great news for future this morning.
Speaker 2: Yeah, absolutely, publishers of Mary Clare Homes and Gardens at least,
Speaker 2: that's if you're still into what would be quite vintage.
Speaker 2: Apparently now it's called physical media if you actually buy
Speaker 2: it and do you hold on to it, it's physical
Speaker 2: media rather than digital of course. Right, let's think about pharmaceuticals,
Speaker 2: a job in manufacturer Derma Farm about this sector.
Speaker 3: Yeah, so Derma Farm is down over four percent today.
Speaker 3: That's after it missed ebit dart expectations for its full
Speaker 3: year results. Have a bit of a loss there, the
Speaker 3: market reacting not well. But earlier this month, actually we
Speaker 3: did see a big jump for Derma Farm, the most
Speaker 3: since September twenty twenty four, and that was after the
Speaker 3: manufacturer of these branded pharmaceuticals unveiled plans to buy back
Speaker 3: the stock at premium. But it does seem that things
Speaker 3: have taken a slight turn investors not looking favorably on
Speaker 3: that myss today for Derma Farm.
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