WEBVTT - Vodafone Gains, Hilton Food Plunges, Adyen Gains

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some of the stocks on

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<v Speaker 1>the move today in Europe. I'm Stephen Carroll with Lizzie Burden,

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<v Speaker 1>and we're joined by Bloomberg reporter Chloe Mela for more. Chloe,

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<v Speaker 1>let's start with Vodaphone then returning to growth in its

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<v Speaker 1>biggest market in Germany. What's been the stock reaction.

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<v Speaker 3>Well, it's been pretty positive. So not only did it

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<v Speaker 3>manage to return to growth in that biggest market, but

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<v Speaker 3>it also is now targeting the up end of its

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<v Speaker 3>guidance for the four years, so that has really lifted

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<v Speaker 3>the shares this morning and confirmed that the ongoing turnaround

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<v Speaker 3>is working quite well for Vodafone. Over the last couple

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<v Speaker 3>of years, it's been simplifying operations, streamlining the company and

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<v Speaker 3>selling off some of the assets to do that. So

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<v Speaker 3>it's divested some businesses in Italy and Spain for example.

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<v Speaker 3>It's also merged with three here in the UK. And

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<v Speaker 3>now after all of those, all of those measures, the

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<v Speaker 3>focus has been on reviving growth in Germany, which as

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<v Speaker 3>mentioned is the biggest market. It's quite a difficult market

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<v Speaker 3>with a lot of price rivalry between a lot of

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<v Speaker 3>telecom operators, and then also new regulatory changes that meant

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<v Speaker 3>that a Vodafon lost some of its customers because a

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<v Speaker 3>new law has stopped housing associations from bundling TV packages

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<v Speaker 3>with rent, and so that meant that a Vodafone lost

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<v Speaker 3>some of the customers with that contract. But now it

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<v Speaker 3>seems that things are getting a little bit better and

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<v Speaker 3>that the revenue in Germany is growing again, so that

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<v Speaker 3>is helping to mitigate some of those challenges, and we've

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<v Speaker 3>seen that reflected in the shares this morning.

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<v Speaker 1>Okay, so that's Vodaphone.

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<v Speaker 3>But look at Hilton Foods this morning.

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<v Speaker 1>Chloe downe more than twenty two percent.

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<v Speaker 3>Why yeah, so it fell massively. So it said that

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<v Speaker 3>it was quite cautious about twenty twenty six and that

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<v Speaker 3>profit progression would be really difficult.

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<v Speaker 1>Next to hear.

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<v Speaker 3>So, Hilton Foods is a producer of meat and seafood.

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<v Speaker 3>And actually what's interesting is that some of their difficulty

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<v Speaker 3>is actually has to do with the US government shutdown.

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<v Speaker 3>So essentially it's smoke salmon business has been facing regulatory

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<v Speaker 3>restrictions on shipments to the US and that draft coast

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<v Speaker 3>the costs higher. But then the situation was worse than

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<v Speaker 3>even more because the ongoing government shutdown resulted in delays

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<v Speaker 3>to getting approvals for facilities to start production again. So

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<v Speaker 3>nine means that production will not restart at all this

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<v Speaker 3>year and that has really hurt the business. So it's

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<v Speaker 3>quite interesting to see how something happening over in the

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<v Speaker 3>US has had an impact on this really small UK business.

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<v Speaker 3>And then beyond that operational disruption, Hilton Foods is also

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<v Speaker 3>dealing with much softer demand for whitefish in particular. That's

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<v Speaker 3>because of inflation and really cautious consumer spending. So despite

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<v Speaker 3>the festive season approaching, it doesn't look too good.

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<v Speaker 1>For Hilton and Chloe. Lastly, will turn to the Dutch

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<v Speaker 1>payments company Agen their shares up this morning, giving investors

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<v Speaker 1>a bit of reassurance.

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<v Speaker 3>Yeah, absolutely so. They provided some targets that reassured investors,

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<v Speaker 3>so they expect they expect revenue growth of about twenty

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<v Speaker 3>percent in any given year after twenty twenty six. They

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<v Speaker 3>also said that they see a significant potential to expand

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<v Speaker 3>market share, so they compete with the likes of PayPal,

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<v Speaker 3>for example, so quite quite a big competitor, and also

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<v Speaker 3>said that it is positioned to become one of the

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<v Speaker 3>largest players in the industry. So that got investors quite

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<v Speaker 3>excited because the targets look a little bit better than expected.

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<v Speaker 3>Sin that also points to quite bright prospects despite the

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<v Speaker 3>fact that the payments industry has warned of microeconomic uncertainty

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<v Speaker 3>of really slowing down customer activity. So Adian just recently

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<v Speaker 3>actually withdrew its guidance for faster revenue growth for twenty

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<v Speaker 3>twenty five because of some retail clients over in Asia

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<v Speaker 3>being hurt by US at Taris. But it seems that

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<v Speaker 3>Adian is now quite confident about growth beyond that beyond

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<v Speaker 3>twenty twenty five, even with those challenges in mind, and

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<v Speaker 3>that led the shares higher this morning.

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<v Speaker 2>The Stockmovers report from Bloomberg Radio. Check back with us

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