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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg data.

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Speaker 3: Let's look at some of the stocks on the move

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Speaker 3: today in Europe. We're joined by Bloomberg's Equities, reported Joe

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Speaker 3: easton Joe Good Morning, JP Morgan, saying that investors should

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Speaker 3: check out get it, check out Theocado and shares have responded, Yeah.

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Speaker 1: And I saw that pun in the in the lineup.

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Speaker 1: The best I could come up with, what's the unexpected

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Speaker 1: item in the bagging area? Not sure how.

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Speaker 2: That's working with delivery on time.

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Speaker 1: Joe, Absolutely, the delivery was great on that one, So

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Speaker 1: the news Importantly, Acado is an overweight at JP Morgan

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Speaker 1: for the first time in seven years. So a lista

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Speaker 1: JP Morgan recommend buying shares of the UK grocery retailer,

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Speaker 1: and also their other big business is selling those automated

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Speaker 1: warehouses to other grocery companies, particularly in the US. Now

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Speaker 1: JP Morgan is saying that the UK retail, so the

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Speaker 1: actual grocery part, is becoming more concentrated, and that means

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Speaker 1: a cardo can potentially actually stand out, and interestingly they

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Speaker 1: say that a lot of the other companies like Tesco

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Speaker 1: and sainsbury originally they focused on these services where people

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Speaker 1: would physically go around and collect your stuff from the

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Speaker 1: supermarkets from a list and then take it to your house.

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Speaker 1: But a Cardo is entirely automated and therefore they are

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Speaker 1: the standout in terms of lower costs, greater efficiency. They

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Speaker 1: reckon you should buy the stock, and today it is

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Speaker 1: rising around fifteen percent at the moment, the biggest mover

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Speaker 1: in London.

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Speaker 3: Okay, and in context, I think we should say that

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Speaker 3: the analyst chat by Bloomberg have got eight buys, four holds,

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Speaker 3: five cells overall on Akado.

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Speaker 1: And the stock is actually down forty percent on a

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Speaker 1: one year basis long underperformer given the struggles around the

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Speaker 1: automated warehousing business, but today it's up by a nice amount.

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Speaker 2: Okay.

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Speaker 3: Next to the maker of the Witcher game series, seeing

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Speaker 3: it stuck it by some gremlins in the timeline.

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Speaker 1: Absolutely so this is I've had to google the Witcher

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Speaker 1: and it's not really my area. It's a fantasy action

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Speaker 1: role playing game. It's created by CD Project that's the

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Speaker 1: big company over in Poland. I know the more from

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Speaker 1: their cyber punk game, which is the popular one that's

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Speaker 1: kind of similar to Ground theft Auture. But anyway, the

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Speaker 1: Witcher is going to be delayed by a few more months,

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Speaker 1: according it to a statement from the company today. This

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Speaker 1: is seen really negatively by analysts who were expecting it

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Speaker 1: to be out within the next year or so. So

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Speaker 1: the stock Poland is down twelve percent this one. And

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Speaker 1: this is another one that's been on a really bad

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Speaker 1: run over the past couple of years. Had a bit

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Speaker 1: of a rebound a year to date, but it's pretty

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Speaker 1: much wiping out the majority of that game today. Their

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Speaker 1: actual sales on their current games looking pretty strong for

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Speaker 1: CD project, but it's disappointment around this fantasy game called

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Speaker 1: Witcher being delayed and that's stock down heavily, the worst

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Speaker 1: performer in Europe today.

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Speaker 3: Okay, someone's going to have to tell me how you play,

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Speaker 3: which I know that we've got a couple of game

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Speaker 3: consoles at home. I could not identify what brand they are.

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Speaker 1: It might be on the shelf at home, who knows.

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Speaker 3: Let's think about what's happening in terms of the UK

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Speaker 3: government plans for more home building delivering strong foundations for

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Speaker 3: one company's performance in this sector today.

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Speaker 2: I didn't see that one. So this story now this story.

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Speaker 1: This is the company that's mostly focused on affordable homes.

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Speaker 1: So with the UK plan to build I think there's

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Speaker 1: one point two one point five million more homes in

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Speaker 1: the UK, they were seen to be a big beneficiary

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Speaker 1: of that, and they're saying that they reckon. They could

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Speaker 1: actually see a bit of a boost when this progresses. However,

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Speaker 1: at the moment, they're struggling because they've recently misstated or

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Speaker 1: miss forecasted some of their financial accounts that was announced

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Speaker 1: around a few months ago and today giving another update

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Speaker 1: on that, and it looks like there's a little bit

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Speaker 1: of an impairment on that at the moment, and Vistory

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Speaker 1: stock actually falling today, So we're down around six percent

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Speaker 1: at the moment, six point six percent four Vistory, but

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Speaker 1: potentially going to be a bit of a beneficiary as

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Speaker 1: the UK looks to build more homes, but a weaker

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Speaker 1: update from them this morning.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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