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Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some of the stocks on
Speaker 1: the move today in Europe. I'm Stephen Carroll with Lizzie Burden,
Speaker 1: and we're joined by Bloomberg reporter Chloe Mela for more. Chloe,
Speaker 1: let's start with Vodaphone then returning to growth in its
Speaker 1: biggest market in Germany. What's been the stock reaction.
Speaker 3: Well, it's been pretty positive. So not only did it
Speaker 3: manage to return to growth in that biggest market, but
Speaker 3: it also is now targeting the up end of its
Speaker 3: guidance for the four years, so that has really lifted
Speaker 3: the shares this morning and confirmed that the ongoing turnaround
Speaker 3: is working quite well for Vodafone. Over the last couple
Speaker 3: of years, it's been simplifying operations, streamlining the company and
Speaker 3: selling off some of the assets to do that. So
Speaker 3: it's divested some businesses in Italy and Spain for example.
Speaker 3: It's also merged with three here in the UK. And
Speaker 3: now after all of those, all of those measures, the
Speaker 3: focus has been on reviving growth in Germany, which as
Speaker 3: mentioned is the biggest market. It's quite a difficult market
Speaker 3: with a lot of price rivalry between a lot of
Speaker 3: telecom operators, and then also new regulatory changes that meant
Speaker 3: that a Vodafon lost some of its customers because a
Speaker 3: new law has stopped housing associations from bundling TV packages
Speaker 3: with rent, and so that meant that a Vodafone lost
Speaker 3: some of the customers with that contract. But now it
Speaker 3: seems that things are getting a little bit better and
Speaker 3: that the revenue in Germany is growing again, so that
Speaker 3: is helping to mitigate some of those challenges, and we've
Speaker 3: seen that reflected in the shares this morning.
Speaker 1: Okay, so that's Vodaphone.
Speaker 3: But look at Hilton Foods this morning.
Speaker 1: Chloe downe more than twenty two percent.
Speaker 3: Why yeah, so it fell massively. So it said that
Speaker 3: it was quite cautious about twenty twenty six and that
Speaker 3: profit progression would be really difficult.
Speaker 1: Next to hear.
Speaker 3: So, Hilton Foods is a producer of meat and seafood.
Speaker 3: And actually what's interesting is that some of their difficulty
Speaker 3: is actually has to do with the US government shutdown.
Speaker 3: So essentially it's smoke salmon business has been facing regulatory
Speaker 3: restrictions on shipments to the US and that draft coast
Speaker 3: the costs higher. But then the situation was worse than
Speaker 3: even more because the ongoing government shutdown resulted in delays
Speaker 3: to getting approvals for facilities to start production again. So
Speaker 3: nine means that production will not restart at all this
Speaker 3: year and that has really hurt the business. So it's
Speaker 3: quite interesting to see how something happening over in the
Speaker 3: US has had an impact on this really small UK business.
Speaker 3: And then beyond that operational disruption, Hilton Foods is also
Speaker 3: dealing with much softer demand for whitefish in particular. That's
Speaker 3: because of inflation and really cautious consumer spending. So despite
Speaker 3: the festive season approaching, it doesn't look too good.
Speaker 1: For Hilton and Chloe. Lastly, will turn to the Dutch
Speaker 1: payments company Agen their shares up this morning, giving investors
Speaker 1: a bit of reassurance.
Speaker 3: Yeah, absolutely so. They provided some targets that reassured investors,
Speaker 3: so they expect they expect revenue growth of about twenty
Speaker 3: percent in any given year after twenty twenty six. They
Speaker 3: also said that they see a significant potential to expand
Speaker 3: market share, so they compete with the likes of PayPal,
Speaker 3: for example, so quite quite a big competitor, and also
Speaker 3: said that it is positioned to become one of the
Speaker 3: largest players in the industry. So that got investors quite
Speaker 3: excited because the targets look a little bit better than expected.
Speaker 3: Sin that also points to quite bright prospects despite the
Speaker 3: fact that the payments industry has warned of microeconomic uncertainty
Speaker 3: of really slowing down customer activity. So Adian just recently
Speaker 3: actually withdrew its guidance for faster revenue growth for twenty
Speaker 3: twenty five because of some retail clients over in Asia
Speaker 3: being hurt by US at Taris. But it seems that
Speaker 3: Adian is now quite confident about growth beyond that beyond
Speaker 3: twenty twenty five, even with those challenges in mind, and
Speaker 3: that led the shares higher this morning.
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