1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:18,160 Speaker 3: But let's take a look at some stocks on the 5 00:00:18,200 --> 00:00:20,799 Speaker 3: move today in Europe. I'm Stephen Carroll and I'm joined 6 00:00:20,800 --> 00:00:23,480 Speaker 3: by our breaking news editor Louise Moon. Louise, good morning. 7 00:00:23,560 --> 00:00:26,759 Speaker 3: Let's start with Unilever. A downgrade for them. 8 00:00:26,720 --> 00:00:29,760 Speaker 1: Indeed, yes, a downgrade by Kepler from a buy to 9 00:00:30,080 --> 00:00:33,840 Speaker 1: a hold. Now they had had Unileva as a buye 10 00:00:33,880 --> 00:00:36,760 Speaker 1: since twenty twenty one, so quite a big change in 11 00:00:36,760 --> 00:00:40,360 Speaker 1: that sense from them. They're saying that yes, Unileva is 12 00:00:40,520 --> 00:00:42,640 Speaker 1: a safe play when it comes to AI, so obviously 13 00:00:42,720 --> 00:00:46,440 Speaker 1: that we've seen throughout the market's worries of AI disruption. 14 00:00:46,520 --> 00:00:48,440 Speaker 1: But they're saying, yes, it is a safe play. So 15 00:00:48,520 --> 00:00:52,680 Speaker 1: that's the positive end. But they see better value elsewhere 16 00:00:53,200 --> 00:00:56,640 Speaker 1: across Europe in the space, in the FMCG space, and 17 00:00:56,720 --> 00:01:00,720 Speaker 1: so therefore they're seeing limited near term upside essentially, so 18 00:01:00,760 --> 00:01:04,360 Speaker 1: they've downgraded them. It follows results from the Unilever last 19 00:01:04,360 --> 00:01:08,399 Speaker 1: week that saw shares fall on the back of that. 20 00:01:08,480 --> 00:01:11,560 Speaker 1: They gave quite cautious guidance for twenty andy six. They're 21 00:01:11,560 --> 00:01:14,680 Speaker 1: warning of slower market in the US in the US, 22 00:01:14,760 --> 00:01:17,280 Speaker 1: which is offsetting growth in emerging markets. They've also had 23 00:01:17,280 --> 00:01:19,440 Speaker 1: a bit of a slow start to the year, and 24 00:01:19,880 --> 00:01:22,679 Speaker 1: in the even wider context, it comes in the middle 25 00:01:22,720 --> 00:01:25,600 Speaker 1: of their big turnaround. So they've been embarking on a 26 00:01:25,600 --> 00:01:29,040 Speaker 1: turnaround for quite a while now, and the main part 27 00:01:29,080 --> 00:01:32,320 Speaker 1: of that is kind of streamlining and selling off brands 28 00:01:32,319 --> 00:01:35,520 Speaker 1: that don't necessarily scale more internationally, focusing on their core 29 00:01:35,600 --> 00:01:38,680 Speaker 1: products and focusing on boosting them and growing them. 30 00:01:39,480 --> 00:01:42,760 Speaker 4: That is under their CEO, who joined last. 31 00:01:42,480 --> 00:01:47,240 Speaker 1: March, but he's continuing in continuing previous plans. It's been 32 00:01:47,520 --> 00:01:50,400 Speaker 1: long ongoing and investors have largely welcomed it, so shares 33 00:01:50,440 --> 00:01:54,919 Speaker 1: have risen since the CEO took over. But their results 34 00:01:55,000 --> 00:01:57,160 Speaker 1: last week and this downgrade today shows that there's still 35 00:01:57,480 --> 00:01:58,960 Speaker 1: kind of a lot of barriers to overcome and a 36 00:01:59,040 --> 00:02:01,840 Speaker 1: lot still to be done to convince investors that their 37 00:02:01,880 --> 00:02:05,360 Speaker 1: turnaround is taking shape and has legs going forward as well. 38 00:02:06,000 --> 00:02:09,919 Speaker 3: Okay, so that's one story and focus from Markets Applied Nutrition. Meanwhile, 39 00:02:09,919 --> 00:02:12,720 Speaker 3: there shares up six point eight percent. What's driving that? 40 00:02:13,280 --> 00:02:15,640 Speaker 4: Yeah, they had a update this morning. 41 00:02:15,800 --> 00:02:20,240 Speaker 1: Essentially all quite positive going forward for Applied Nutrition and Shares, 42 00:02:20,280 --> 00:02:22,760 Speaker 1: as you say, are reacting well on the back of this. 43 00:02:22,840 --> 00:02:26,880 Speaker 1: So this was a This is their third guidance hike 44 00:02:28,000 --> 00:02:28,720 Speaker 1: in a row. 45 00:02:29,720 --> 00:02:30,840 Speaker 4: And you know, it's. 46 00:02:30,680 --> 00:02:32,480 Speaker 1: Always quite an interesting company to talk about in the 47 00:02:32,520 --> 00:02:35,359 Speaker 1: sense of it only listed relatively recently in the UK, 48 00:02:35,600 --> 00:02:37,800 Speaker 1: so it's one of the rare listings that we've seen 49 00:02:37,840 --> 00:02:39,680 Speaker 1: in the UK. So it's an interesting one to keep 50 00:02:39,720 --> 00:02:42,000 Speaker 1: an eye on to see how they're doing. But as 51 00:02:42,000 --> 00:02:43,800 Speaker 1: I say, they've boosted guidance. They're saying there's a lot 52 00:02:43,800 --> 00:02:47,400 Speaker 1: of demand for their products and diversification across the high street, 53 00:02:47,720 --> 00:02:51,600 Speaker 1: big push obviously into health, so that's really benefiting them 54 00:02:51,639 --> 00:02:53,079 Speaker 1: and their shares this morning. 55 00:02:53,520 --> 00:02:56,560 Speaker 3: Okay, and now we're also watching shares this morning in 56 00:02:57,480 --> 00:02:59,359 Speaker 3: well Well the artists formerly known as Boohoo, which is 57 00:02:59,400 --> 00:03:04,200 Speaker 3: now known as Dead as down ten percent. What's going on. 58 00:03:04,800 --> 00:03:07,240 Speaker 1: Yeah, the big drop for them is the most since 59 00:03:07,280 --> 00:03:10,720 Speaker 1: August and extending drops that we've been seeing. So they've 60 00:03:10,720 --> 00:03:14,960 Speaker 1: had drops of about one percent over the past twelve months. 61 00:03:15,360 --> 00:03:18,320 Speaker 1: So the latest news is they're planning an acuity raise 62 00:03:18,400 --> 00:03:21,280 Speaker 1: of about thirty five million pounds and some of the 63 00:03:21,320 --> 00:03:25,440 Speaker 1: company directors are participating in that, also holding talks with 64 00:03:25,639 --> 00:03:29,480 Speaker 1: lenders for what they say, to give them greater financial 65 00:03:29,520 --> 00:03:34,200 Speaker 1: flexibility for their turnaround. So analysts saying that investors might 66 00:03:34,240 --> 00:03:37,000 Speaker 1: be a bit dismayed of their financial situation. They did 67 00:03:37,120 --> 00:03:39,920 Speaker 1: reaffirm guidance for twenty six and twenty twenty seven, but 68 00:03:40,320 --> 00:03:44,480 Speaker 1: you know, potentially a bit of dismay around their current situation. 69 00:03:45,000 --> 00:03:45,720 Speaker 4: As you say, they. 70 00:03:45,640 --> 00:03:49,400 Speaker 1: Rebranded, So they've rebranded last year to Debenham's Group from 71 00:03:49,440 --> 00:03:54,280 Speaker 1: Boohoo and trying to turn themselves around a total overhaul 72 00:03:54,280 --> 00:03:57,680 Speaker 1: really to turn themselves into quite an asset light model. 73 00:03:58,600 --> 00:04:03,120 Speaker 1: So that's still taking place. It's still going on. There's 74 00:04:03,120 --> 00:04:06,120 Speaker 1: also a lot of pressure from Mike Ashley, who's one 75 00:04:06,120 --> 00:04:06,960 Speaker 1: of their shareholders. 76 00:04:06,960 --> 00:04:08,760 Speaker 4: He's been pushing for board representation. 77 00:04:08,920 --> 00:04:11,320 Speaker 1: So they're kind of deep grappling with a lot of 78 00:04:11,360 --> 00:04:15,000 Speaker 1: the moment and this actually Raises is the latest part 79 00:04:15,040 --> 00:04:17,440 Speaker 1: of that, so not being taken too well. 80 00:04:17,480 --> 00:04:22,599 Speaker 2: This morning the Stock Movers Report from Bloomberg Radio. Check 81 00:04:22,680 --> 00:04:25,000 Speaker 2: back with us throughout the day for the latest roundup 82 00:04:25,040 --> 00:04:27,960 Speaker 2: of companies making news on Wall Street and for the 83 00:04:28,040 --> 00:04:32,480 Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live. 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