Speaker 1: Bloomberg Audio Studios, podcasts, radio.
Speaker 2: News, The Stock Movers Report, your roundup of companies making
Speaker 2: moves in the stock market, harnessing the power of Bloomberg data.
Speaker 3: Let's have a look at some of the stocks that
Speaker 3: are moving this morning with Louise Moon who joins us
Speaker 3: now Louise in terms of investors deciding Larel is it
Speaker 3: worth it?
Speaker 1: What doesn't seem like it is?
Speaker 4: This morning, shares down at one point over six percent,
Speaker 4: so quite a slump this morning for Larel.
Speaker 1: This is after their fourth quarter results.
Speaker 4: Sales were up, but they missed estimates, and in particular
Speaker 4: the luxury division looks like it's suffering, so they own
Speaker 4: the likes of Eves, Lauran com other brands. This is
Speaker 4: kind of a weakness in spending, changing consumer habits, but
Speaker 4: particularly a weakness in China and a changing consumer there.
Speaker 4: If you look at the EU and Europe for Loreal
Speaker 4: Day top estimates, they did quite well, but China was
Speaker 4: the real weak point. And Liss also noting rising on
Speaker 4: top of that that there's rising competition from Asian beauty brands,
Speaker 4: so Chinese beauty brands Korean beauty brands in particular, So yeah,
Speaker 4: essentially that their luxury division, compounded by China is what's
Speaker 4: really dragging it so and then on top of that,
Speaker 4: there was actually one analyst that noted this they are
Speaker 4: still cautious slightly about European demand for the year. So
Speaker 4: a lot of headwinds for Loreal and that's been reflected
Speaker 4: in their fourth quarter sales and also in their in
Speaker 4: their share price reaction.
Speaker 3: Yeah, absolutely shares down for Lareal today. Flutters Gamble also
Speaker 3: doesn't seem to be paying off what's happening there.
Speaker 4: No shares slumped fourteen percent today. Interestingly, this is actually
Speaker 4: a reaction from results from another gambling firm, Draft King,
Speaker 4: that came over right in the US. So they had
Speaker 4: their fourth quarter sales mis estimates, forecast miss estimates all
Speaker 4: came in quite soft, and Flutter is reacting on the
Speaker 4: back of this. It's very exposed to the US. It's
Speaker 4: been as have a lot of gampling companies, but been
Speaker 4: pushing into the US in recent years, and so it's
Speaker 4: getting kind of tied up in worries that Draftking have noted.
Speaker 4: In terms of the whole sector, it has fallen in
Speaker 4: recent months, there's been concerns about the threat from prediction markets,
Speaker 4: and this is saying, you know, cracks are showing in
Speaker 4: the online gaming industry as they adapt to prediction markets
Speaker 4: and adapt to again to changing habits as well. So
Speaker 4: but yeah, but Flutter's reaction is really on the back
Speaker 4: of Draftking. But it's it's the same worries that affecting
Speaker 4: the whole sector.
Speaker 3: Yeah, fantasy football leagues and betting on sports and so on.
Speaker 3: Do you know that you could even bet on my
Speaker 3: favorite game, netball? Which I think, yes, I know it's
Speaker 3: completely wild, but you can actually but you know, have
Speaker 3: a look at in terms of the best.
Speaker 1: I've actually watched England netball play, I'd.
Speaker 3: Recommend ah, I love the Roses amazing. In terms of
Speaker 3: another company, though leveling up its forecast, this is the
Speaker 3: game maker Ubisoft.
Speaker 4: Yeah, so they own Assassin's Creed and a lot of
Speaker 4: other big names.
Speaker 1: A bit more of a positive story.
Speaker 4: Shares up about fourteen percent at one point this morning
Speaker 4: in Paris. That's after their third course of results beat
Speaker 4: estimates in particular what investors or or the main metric
Speaker 4: that people look at as booking. So that's the amount
Speaker 4: of both digital and physical content that they sell that
Speaker 4: rose twelve percent.
Speaker 1: That beat estimates.
Speaker 4: That that's the main metric, as I say, it shares
Speaker 4: what up, which is some relief because they've been they've
Speaker 4: dragged quite heavily so far this year. They're down about
Speaker 4: twenty nine percent this year. So that that rise this
Speaker 4: morning is is some relief for investors. But you know,
Speaker 4: you know, you've always got add a bit.
Speaker 1: Of caution in there.
Speaker 4: Some investors, you know, bracing for a bit of disruption.
Speaker 4: It's overhauling its pipeline of games, so they could be
Speaker 4: a bit of rockiness ahead. But for the moment, the
Speaker 4: circle results yet as I say, beating aspects and I'm
Speaker 4: doing what I'm boosting that show brestling.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
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