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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The.

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Speaker 2: Stock Movers Report, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's dive into some of the stocks on the move

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Speaker 3: today in Europe. I'm Lizzie Burden. I'm alongside Caroline Hepcat

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Speaker 3: and we're joined by opimog reporter Chloe Melee. Chloe, We've

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Speaker 3: got to talk about Lorril down on some disappointing sales

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Speaker 3: growth because we're worth it might not be the sentiment

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Speaker 3: investors right now.

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Speaker 1: Yeah, absolutely so. Yeah, Loreel shas you said, are getting

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Speaker 1: hit quite hard this morning because of those disappointing sales

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Speaker 1: for the third quarter, and that was due primarily to

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Speaker 1: a lot of weakness in the US market. So one

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Speaker 1: of the key problems that Loreal is really over exposed

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Speaker 1: to the makeup category in the US, and that is

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Speaker 1: a category that has been struggling lately. In consumer demand

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Speaker 1: in the US is quite weak just generally. There's signs

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Speaker 1: of improvement in China where it's all quite good demand

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Speaker 1: for the more kind of high end side of those

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Speaker 1: beauty products, but that really wasn't enough to offset that

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Speaker 1: drag from the US, and the CEO also was quite

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Speaker 1: cautious about China, saying that analysts should not get too

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Speaker 1: excited because one good quarter does not mean that there's

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Speaker 1: a trend there. So disappointing sales, a cautious commentary. All

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Speaker 1: of that led to that weakness in the shares this morning.

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Speaker 1: Perhaps Lorel is hoping that some M and A could

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Speaker 1: boost growth. We remember that over the weekend we had

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Speaker 1: the news about Lorel buying the fragrance make a House

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Speaker 1: of Creed from Caring. It was also named as a

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Speaker 1: preferred bidder to buy a stake in Georgio Armani last month,

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Speaker 1: so we'll be keeping an eye on.

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Speaker 3: That as well. Okay, so that on Lorel, Barclay's though

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Speaker 3: is announced a narrow earnings be and also this five

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Speaker 3: hundred million pound share buyback. Investors seemed to be viewing

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Speaker 3: that fairly positively.

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Speaker 1: Yeah, absolutely so. It actually upgraded it's gudin has been

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Speaker 1: the interesting come as well, announced that five hundred million

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Speaker 1: buy back, said it was now going to move towards

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Speaker 1: quarterly share buybacks. And all of that is by the

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Speaker 1: fact that it actually had to almost quadruple all the

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Speaker 1: provisions related to the MOTI Finance readdress program. But obviously

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Speaker 1: the market reacted quite positively to the upgrade and the

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Speaker 1: buyer back. Of course, if we look at the actual numbers,

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Speaker 1: it looks a little bit mixed to Equity's revenue actually

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Speaker 1: fell short of expectations, fixed income did a bit better,

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Speaker 1: So it seems like Barclay's actually missed out on some

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Speaker 1: of the boosts from the market volatility that the US

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Speaker 1: banks had actually flagged last week. It's also worth noting

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Speaker 1: that the investment bank booked a one hundred and ten

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Speaker 1: million pound a credit impairment charge for a client, and

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Speaker 1: the CEO mentioned that the bank remains vigilant across the

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Speaker 1: lending book, which of course is related to that stress

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Speaker 1: in the in the credit market that we've been talking

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Speaker 1: about recently. So it's pretty good so far, but there's

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Speaker 1: been a little bit of caution there as well.

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Speaker 3: And of course we've got our rye on the European

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Speaker 3: chip makers, the likes of st Micro. Given the West

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Speaker 3: Texas Instruments outlook that came out sd micro down two

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Speaker 3: point seven percent, is that the only reason?

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Speaker 1: Yeah, Well, it seems like st Micro and also be

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Speaker 1: semi Infinian. So those chip makers that are exposed to

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Speaker 1: the industrial and automotive chip sector, because, as you mentioned,

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Speaker 1: their pair over in the US Sexis Instrument provided quite

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Speaker 1: a disappointing forecast and then said that the recovery in

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Speaker 1: those end markets was slowing down. So the key takeaway

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Speaker 1: for those European chip makers is that, you know, the

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Speaker 1: industry is in recovery, but it's quite a muted recovery,

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Speaker 1: muted rebound, and so that's dragging down those shares in

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Speaker 1: st micro Infinia, even as the all of the talk

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Speaker 1: about the AA boom has led to quite a lot

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Speaker 1: of bullishnists in that semiconductor sector. There's also the exposure

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Speaker 1: to those, you know, maybe less less interesting and less

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Speaker 1: sexy and markets, but they are also quite crucial, like

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Speaker 1: industrials and automotive.

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Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on

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