WEBVTT - Edenred Jumps, Legrand Rises, Carrefour Drops 

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

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<v Speaker 2>The Stock Movers podcast, your roundup of companies making moves

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

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today in Europe. I'm Caroline Hepcut with Lizzie Burton,

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<v Speaker 3>which joined about Boomberg Reporter clomber Lay, Good morning, Good morning.

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<v Speaker 3>So let's talk about Edenber. This is the French employee

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<v Speaker 3>benefits company. It says that it's been approached by investment funds.

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<v Speaker 3>So what's the news for them?

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<v Speaker 4>Yeah, well, I mean the chas have reacted very positively

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<v Speaker 4>to that. So as you as you said Eden readers

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<v Speaker 4>and employee benefits firm. It's the main thing that it's

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<v Speaker 4>known for in France is the Tiki storm, which is

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<v Speaker 4>the meal vouchers provided to employees. And so it said

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<v Speaker 4>this morning there had been approached by investment funds, essentially

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<v Speaker 4>confirming that there had been interested in the company after

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<v Speaker 4>a report that there was takeover interest from the investment

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<v Speaker 4>firm BC Partners. As eden Red said, there was no

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<v Speaker 4>certainty that interest from those funds would result in the deal.

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<v Speaker 4>It said that it was really remaining focused on its

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<v Speaker 4>current strategy. But regardless, we are seeing this takeover in

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<v Speaker 4>Trees being received very enthusiastically by the market, shares soaring

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<v Speaker 4>about eighteen percent when the market opened. The stock has

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<v Speaker 4>been doing pretty okay this year, but eden red is

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<v Speaker 4>facing some.

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<v Speaker 1>Regulatory challenges at the moment.

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<v Speaker 4>This meal voucher reforms happening in some of its markets

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<v Speaker 4>like Italy and Brazil. There's also an anti trust investigation

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<v Speaker 4>in Turkey into a potential collusion by meal voucher providers.

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<v Speaker 4>So this is the context in which a deal maybe

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<v Speaker 4>could make sense for Eden. Rehtz will be watching out

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<v Speaker 4>for any developments.

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<v Speaker 3>Okay, let's also talk about Lecan, another French firm rich

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<v Speaker 3>designs and manufacturers electrical devices.

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<v Speaker 1>That's what's driving it.

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<v Speaker 4>Yeah, Shares rising very strongly this morning, fullgo after the

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<v Speaker 4>company presented at JP Morgan's European Industrials conference in London,

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<v Speaker 4>and it seems that their presentation really reassured investors around

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<v Speaker 4>especially the data center business. So Logo is one of

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<v Speaker 4>those companies that provide the electrical equipment, calling technologies, all

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<v Speaker 4>of those things that are very integral to the smooth

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<v Speaker 4>running of a data Center. It's a smaller peer of

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<v Speaker 4>Schneider Electric, and it's also a company that's not been

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<v Speaker 4>doing as well performed as well as Schneider.

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<v Speaker 1>But an analyst at JP.

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<v Speaker 4>Morgan said that the Logo executives did a really good

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<v Speaker 4>job of explaining their strong positioning in data centers, both

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<v Speaker 4>in the near term and the long term, and so

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<v Speaker 4>that's really boosting those shares. Of course, now there's kind

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<v Speaker 4>of a new generation of data centers entering the scene.

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<v Speaker 4>They need to be more powerful, more compact, more energy efficient,

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<v Speaker 4>and so the type of equipment that is necessary that

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<v Speaker 4>is needed for that is going to change as well.

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<v Speaker 1>But it seems that Logo is well positioned for that.

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<v Speaker 3>Okay, well, let's stay with France then for the last

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<v Speaker 3>of our stocks.

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<v Speaker 1>That's CAF for the French supermarket chain. Yeah, and JP

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<v Speaker 1>Morgan is also involved in that story.

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<v Speaker 4>So JP Morgan plays Carfur on a negative catalyst watch,

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<v Speaker 4>saying that the half year results, which would do a

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<v Speaker 4>little bit later late the next month, actually in July

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<v Speaker 4>on July twenty third, that those results might be a

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<v Speaker 4>little bit bleak. So said that car Fell has a

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<v Speaker 4>record of missing expectations and that there could be disappointment

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<v Speaker 4>yet again for the company.

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<v Speaker 1>They said that Spain.

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<v Speaker 4>Was really the only bright spot, that there were pressures

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<v Speaker 4>in France, there were pressures in Brazil, and the rest

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<v Speaker 4>of Europe was not looking too great either.

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<v Speaker 1>Of course, a big problem for.

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<v Speaker 4>Supermarkets across Europe these days is inflation and the impact

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<v Speaker 4>on consumer spending, and then that coupled with the competitive

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<v Speaker 4>pressures from discount retailers like Little and LD as well,

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<v Speaker 4>and so all of that is really eating into margins

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<v Speaker 4>and that requires cost cuts elsewhere to kind of mitigate

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<v Speaker 4>that impact. And so that balance is really going to

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<v Speaker 4>be what investors focus on when the car Fell reports

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<v Speaker 4>next month.

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