Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers podcast, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today in Europe. I'm Caroline Hepcut with Lizzie Burton,
Speaker 3: which joined about Boomberg Reporter clomber Lay, Good morning, Good morning.
Speaker 3: So let's talk about Edenber. This is the French employee
Speaker 3: benefits company. It says that it's been approached by investment funds.
Speaker 3: So what's the news for them?
Speaker 4: Yeah, well, I mean the chas have reacted very positively
Speaker 4: to that. So as you as you said Eden readers
Speaker 4: and employee benefits firm. It's the main thing that it's
Speaker 4: known for in France is the Tiki storm, which is
Speaker 4: the meal vouchers provided to employees. And so it said
Speaker 4: this morning there had been approached by investment funds, essentially
Speaker 4: confirming that there had been interested in the company after
Speaker 4: a report that there was takeover interest from the investment
Speaker 4: firm BC Partners. As eden Red said, there was no
Speaker 4: certainty that interest from those funds would result in the deal.
Speaker 4: It said that it was really remaining focused on its
Speaker 4: current strategy. But regardless, we are seeing this takeover in
Speaker 4: Trees being received very enthusiastically by the market, shares soaring
Speaker 4: about eighteen percent when the market opened. The stock has
Speaker 4: been doing pretty okay this year, but eden red is
Speaker 4: facing some.
Speaker 1: Regulatory challenges at the moment.
Speaker 4: This meal voucher reforms happening in some of its markets
Speaker 4: like Italy and Brazil. There's also an anti trust investigation
Speaker 4: in Turkey into a potential collusion by meal voucher providers.
Speaker 4: So this is the context in which a deal maybe
Speaker 4: could make sense for Eden. Rehtz will be watching out
Speaker 4: for any developments.
Speaker 3: Okay, let's also talk about Lecan, another French firm rich
Speaker 3: designs and manufacturers electrical devices.
Speaker 1: That's what's driving it.
Speaker 4: Yeah, Shares rising very strongly this morning, fullgo after the
Speaker 4: company presented at JP Morgan's European Industrials conference in London,
Speaker 4: and it seems that their presentation really reassured investors around
Speaker 4: especially the data center business. So Logo is one of
Speaker 4: those companies that provide the electrical equipment, calling technologies, all
Speaker 4: of those things that are very integral to the smooth
Speaker 4: running of a data Center. It's a smaller peer of
Speaker 4: Schneider Electric, and it's also a company that's not been
Speaker 4: doing as well performed as well as Schneider.
Speaker 1: But an analyst at JP.
Speaker 4: Morgan said that the Logo executives did a really good
Speaker 4: job of explaining their strong positioning in data centers, both
Speaker 4: in the near term and the long term, and so
Speaker 4: that's really boosting those shares. Of course, now there's kind
Speaker 4: of a new generation of data centers entering the scene.
Speaker 4: They need to be more powerful, more compact, more energy efficient,
Speaker 4: and so the type of equipment that is necessary that
Speaker 4: is needed for that is going to change as well.
Speaker 1: But it seems that Logo is well positioned for that.
Speaker 3: Okay, well, let's stay with France then for the last
Speaker 3: of our stocks.
Speaker 1: That's CAF for the French supermarket chain. Yeah, and JP
Speaker 1: Morgan is also involved in that story.
Speaker 4: So JP Morgan plays Carfur on a negative catalyst watch,
Speaker 4: saying that the half year results, which would do a
Speaker 4: little bit later late the next month, actually in July
Speaker 4: on July twenty third, that those results might be a
Speaker 4: little bit bleak. So said that car Fell has a
Speaker 4: record of missing expectations and that there could be disappointment
Speaker 4: yet again for the company.
Speaker 1: They said that Spain.
Speaker 4: Was really the only bright spot, that there were pressures
Speaker 4: in France, there were pressures in Brazil, and the rest
Speaker 4: of Europe was not looking too great either.
Speaker 1: Of course, a big problem for.
Speaker 4: Supermarkets across Europe these days is inflation and the impact
Speaker 4: on consumer spending, and then that coupled with the competitive
Speaker 4: pressures from discount retailers like Little and LD as well,
Speaker 4: and so all of that is really eating into margins
Speaker 4: and that requires cost cuts elsewhere to kind of mitigate
Speaker 4: that impact. And so that balance is really going to
Speaker 4: be what investors focus on when the car Fell reports
Speaker 4: next month.
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