Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at substocks on the move today
Speaker 3: in Europe. I'm Stephen Carroll and we're joined by Bloomberg's
Speaker 3: Breaking News editor Louise me and Louise good morning. Let's
Speaker 3: start in Switzerland with UBS shares up four point three percent.
Speaker 1: Indeed, yeah, a seventeen year high this morning. So this
Speaker 1: is on the back of big news in Switzerland that
Speaker 1: lawmakers are proposing watering down capital demands that the government
Speaker 1: wants to impose on UBS. So there was quite kind
Speaker 1: of a host of recommendations, but the main one being
Speaker 1: that it would potentially allow UBS to use the kind
Speaker 1: of junior debt it's known as at one bonds instead
Speaker 1: of equity to meet these capital demands. So if this
Speaker 1: all went ahead and went through, then that could potentially
Speaker 1: end what's been quite a s and off between the
Speaker 1: government from the government to tighten these rules on UBS
Speaker 1: and has also faced a lot of criticism in the parliament.
Speaker 1: So they were first kind of started to be discussed
Speaker 1: last year and since then that so throughout that whole
Speaker 1: time they've kind of clouded UBS's share price. You know,
Speaker 1: the bankers indicated that if it went ahead, they might
Speaker 1: need to reduce investor payments investor payouts, so it's really
Speaker 1: been quite weighing down on their shares, and these potential
Speaker 1: proposals are being seen as or they're being welcomed by
Speaker 1: the market, as you can see from the share price
Speaker 1: to share prices jumping. One analyst was saying, you know,
Speaker 1: it could point to future voting behavior in the Parliament
Speaker 1: and it has been taken as quite good news. So
Speaker 1: we'll have to keep an eye to see if this
Speaker 1: actually does go through, but yeah, very much being welcomed
Speaker 1: and UBS shares reacting on the back of that.
Speaker 3: Yeah, really interesting one to watch. In Switzerland, we've got
Speaker 3: a Germany next Lo Tanza shares also out performing there,
Speaker 3: up five and a half percent.
Speaker 1: Indeed, so List has raised them to a buy. They
Speaker 1: don't have if you look at all the analyst holdings,
Speaker 1: they only have five buys including this latest one, fifteen
Speaker 1: holds and four cells. So shares are reacting positively that
Speaker 1: they're up this on the back of this news this
Speaker 1: morning there now back at levels lasteing in kind of
Speaker 1: early twenty twenty four. So essentially the analysts is saying that,
Speaker 1: you know, there's been a change in global travels becoming
Speaker 1: a luxury category with premiumization at its core, so they're
Speaker 1: shifting more towards the type of operators that have exposure
Speaker 1: to that premium international long haul and particularly in places
Speaker 1: where demand is high but supply is quite constrained, so
Speaker 1: they see Luftansa as attractive. On the back of that,
Speaker 1: Loftandra has been you know, stepping into or stepping up
Speaker 1: that they're pushed towards premiumization, and they recently said that
Speaker 1: that's starting to kind of make progress and have quite
Speaker 1: a lot of impact. So being upgraded on the back
Speaker 1: of that, they did must say. They did also note
Speaker 1: that there are stills some challenges, full of hander to
Speaker 1: contend with, so there's pressure from unions, there's a lot
Speaker 1: of competition in the middle least and so on. But
Speaker 1: they've raised it to a buy on the back of
Speaker 1: that change in global travel and that's lifting shares this morning.
Speaker 3: Okay, and the question of the day, Louise, do you
Speaker 3: send Christmas cards? I love Christmas cards. Sending them out already,
Speaker 3: just one of these people who just receives them.
Speaker 1: No, no, no, I've been writing away, sending them out.
Speaker 1: You've got to keep the traditions alive.
Speaker 3: True, but are you booking a trend? If we're looking
Speaker 3: at what's coming out a card factory.
Speaker 1: This morning, well it seems as though I am. We
Speaker 1: need to get Christmas cards back in. Everyone's on everyone's agenda. Yeah,
Speaker 1: card factory shares absolutely plummeting. It's quite remarkle if you
Speaker 1: look at their share price graph, down twenty seven percent
Speaker 1: this morning, the lowes since twenty twenty two. That's after
Speaker 1: they cut their guidance this morning. So they're now expecting
Speaker 1: maximum up to sixty million pounds in pretax profit next year.
Speaker 1: They had expected growth from their sixty so last year
Speaker 1: they achieved sixty six million. They had expected growth from that.
Speaker 1: Now expecting maximum sixty million, So quite a cut from them.
Speaker 1: And what they're really citing is the lack of consumer
Speaker 1: confidence in the UK. They say that the UK stores
Speaker 1: are performing worse than expected, and they pointed to other
Speaker 1: businesses Islands North America being fine. So Alice saying this
Speaker 1: is quite short warning that surprises in scale, so it
Speaker 1: seems more people need to be sending Christmas cards. Keep
Speaker 1: the card factory alive.
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