1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:18,479 Speaker 1: Let's take a look at some of the stocks on 5 00:00:18,520 --> 00:00:21,120 Speaker 1: the move today in Europe. I'm Stephen Carroll with Lizzie Burden, 6 00:00:21,200 --> 00:00:24,320 Speaker 1: and we're joined by Bloomberg reporter Chloe Mela for more. Chloe, 7 00:00:24,400 --> 00:00:27,040 Speaker 1: let's start with Vodaphone then returning to growth in its 8 00:00:27,040 --> 00:00:30,200 Speaker 1: biggest market in Germany. What's been the stock reaction. 9 00:00:30,520 --> 00:00:32,760 Speaker 3: Well, it's been pretty positive. So not only did it 10 00:00:32,800 --> 00:00:35,320 Speaker 3: manage to return to growth in that biggest market, but 11 00:00:35,360 --> 00:00:37,879 Speaker 3: it also is now targeting the up end of its 12 00:00:37,880 --> 00:00:40,960 Speaker 3: guidance for the four years, so that has really lifted 13 00:00:40,960 --> 00:00:44,480 Speaker 3: the shares this morning and confirmed that the ongoing turnaround 14 00:00:44,600 --> 00:00:47,680 Speaker 3: is working quite well for Vodafone. Over the last couple 15 00:00:47,720 --> 00:00:52,080 Speaker 3: of years, it's been simplifying operations, streamlining the company and 16 00:00:52,120 --> 00:00:54,240 Speaker 3: selling off some of the assets to do that. So 17 00:00:54,520 --> 00:00:57,680 Speaker 3: it's divested some businesses in Italy and Spain for example. 18 00:00:57,760 --> 00:01:01,400 Speaker 3: It's also merged with three here in the UK. And 19 00:01:01,480 --> 00:01:04,679 Speaker 3: now after all of those, all of those measures, the 20 00:01:04,720 --> 00:01:07,480 Speaker 3: focus has been on reviving growth in Germany, which as 21 00:01:07,560 --> 00:01:10,720 Speaker 3: mentioned is the biggest market. It's quite a difficult market 22 00:01:10,800 --> 00:01:13,120 Speaker 3: with a lot of price rivalry between a lot of 23 00:01:13,160 --> 00:01:17,200 Speaker 3: telecom operators, and then also new regulatory changes that meant 24 00:01:17,400 --> 00:01:21,240 Speaker 3: that a Vodafon lost some of its customers because a 25 00:01:21,319 --> 00:01:25,240 Speaker 3: new law has stopped housing associations from bundling TV packages 26 00:01:25,440 --> 00:01:27,959 Speaker 3: with rent, and so that meant that a Vodafone lost 27 00:01:28,080 --> 00:01:30,959 Speaker 3: some of the customers with that contract. But now it 28 00:01:31,000 --> 00:01:33,960 Speaker 3: seems that things are getting a little bit better and 29 00:01:34,000 --> 00:01:38,240 Speaker 3: that the revenue in Germany is growing again, so that 30 00:01:38,360 --> 00:01:40,520 Speaker 3: is helping to mitigate some of those challenges, and we've 31 00:01:40,560 --> 00:01:42,399 Speaker 3: seen that reflected in the shares this morning. 32 00:01:42,600 --> 00:01:43,880 Speaker 1: Okay, so that's Vodaphone. 33 00:01:43,920 --> 00:01:45,759 Speaker 3: But look at Hilton Foods this morning. 34 00:01:45,840 --> 00:01:47,840 Speaker 1: Chloe downe more than twenty two percent. 35 00:01:47,960 --> 00:01:50,760 Speaker 3: Why yeah, so it fell massively. So it said that 36 00:01:50,840 --> 00:01:54,040 Speaker 3: it was quite cautious about twenty twenty six and that 37 00:01:54,160 --> 00:01:56,360 Speaker 3: profit progression would be really difficult. 38 00:01:56,360 --> 00:01:56,760 Speaker 1: Next to hear. 39 00:01:56,800 --> 00:02:00,600 Speaker 3: So, Hilton Foods is a producer of meat and seafood. 40 00:02:00,880 --> 00:02:04,400 Speaker 3: And actually what's interesting is that some of their difficulty 41 00:02:04,480 --> 00:02:07,160 Speaker 3: is actually has to do with the US government shutdown. 42 00:02:07,240 --> 00:02:11,320 Speaker 3: So essentially it's smoke salmon business has been facing regulatory 43 00:02:11,360 --> 00:02:14,960 Speaker 3: restrictions on shipments to the US and that draft coast 44 00:02:15,000 --> 00:02:17,760 Speaker 3: the costs higher. But then the situation was worse than 45 00:02:17,840 --> 00:02:21,840 Speaker 3: even more because the ongoing government shutdown resulted in delays 46 00:02:21,840 --> 00:02:25,440 Speaker 3: to getting approvals for facilities to start production again. So 47 00:02:25,520 --> 00:02:28,200 Speaker 3: nine means that production will not restart at all this 48 00:02:28,280 --> 00:02:30,760 Speaker 3: year and that has really hurt the business. So it's 49 00:02:30,800 --> 00:02:33,720 Speaker 3: quite interesting to see how something happening over in the 50 00:02:33,840 --> 00:02:37,200 Speaker 3: US has had an impact on this really small UK business. 51 00:02:37,560 --> 00:02:40,680 Speaker 3: And then beyond that operational disruption, Hilton Foods is also 52 00:02:40,760 --> 00:02:44,799 Speaker 3: dealing with much softer demand for whitefish in particular. That's 53 00:02:44,840 --> 00:02:48,519 Speaker 3: because of inflation and really cautious consumer spending. So despite 54 00:02:48,639 --> 00:02:51,200 Speaker 3: the festive season approaching, it doesn't look too good. 55 00:02:51,040 --> 00:02:54,200 Speaker 1: For Hilton and Chloe. Lastly, will turn to the Dutch 56 00:02:54,240 --> 00:02:58,919 Speaker 1: payments company Agen their shares up this morning, giving investors 57 00:02:58,960 --> 00:02:59,720 Speaker 1: a bit of reassurance. 58 00:03:00,240 --> 00:03:04,640 Speaker 3: Yeah, absolutely so. They provided some targets that reassured investors, 59 00:03:04,639 --> 00:03:08,120 Speaker 3: so they expect they expect revenue growth of about twenty 60 00:03:08,160 --> 00:03:11,800 Speaker 3: percent in any given year after twenty twenty six. They 61 00:03:11,800 --> 00:03:14,680 Speaker 3: also said that they see a significant potential to expand 62 00:03:15,120 --> 00:03:18,000 Speaker 3: market share, so they compete with the likes of PayPal, 63 00:03:18,120 --> 00:03:21,000 Speaker 3: for example, so quite quite a big competitor, and also 64 00:03:21,000 --> 00:03:23,600 Speaker 3: said that it is positioned to become one of the 65 00:03:23,680 --> 00:03:27,280 Speaker 3: largest players in the industry. So that got investors quite 66 00:03:27,320 --> 00:03:31,000 Speaker 3: excited because the targets look a little bit better than expected. 67 00:03:31,880 --> 00:03:34,400 Speaker 3: Sin that also points to quite bright prospects despite the 68 00:03:34,400 --> 00:03:38,279 Speaker 3: fact that the payments industry has warned of microeconomic uncertainty 69 00:03:38,480 --> 00:03:41,960 Speaker 3: of really slowing down customer activity. So Adian just recently 70 00:03:42,040 --> 00:03:45,080 Speaker 3: actually withdrew its guidance for faster revenue growth for twenty 71 00:03:45,080 --> 00:03:48,720 Speaker 3: twenty five because of some retail clients over in Asia 72 00:03:48,760 --> 00:03:51,280 Speaker 3: being hurt by US at Taris. But it seems that 73 00:03:51,320 --> 00:03:54,400 Speaker 3: Adian is now quite confident about growth beyond that beyond 74 00:03:54,440 --> 00:03:57,800 Speaker 3: twenty twenty five, even with those challenges in mind, and 75 00:03:57,840 --> 00:03:59,720 Speaker 3: that led the shares higher this morning. 76 00:04:01,040 --> 00:04:05,280 Speaker 2: The Stockmovers report from Bloomberg Radio. 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