WEBVTT - Ocado Jumps, Sivers Plunges, CTS Eventim Surges  

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

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>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 here in Europe. I'm Caroline Hepkar with

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<v Speaker 3>Lizzie Burton. Were joined Bat Bloomberg. We bought a kloimber Lay.

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<v Speaker 3>Good morning morning, So let's start with grossers in the UK.

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<v Speaker 3>So moves for Acado this morning? Are their shares delivering?

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<v Speaker 2>Yes they are.

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<v Speaker 1>So we've got news of a partnership between Ocado and Asda,

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<v Speaker 1>so as the will develops its online business across the

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<v Speaker 1>UK with the Ocado Smart platform, which is the flagship

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<v Speaker 1>technology that Ocado has, which is a technology platform that

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<v Speaker 1>kind of blends AI and robotics to speed up the

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<v Speaker 1>process of packaging and then delivering groceries. So the robots

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<v Speaker 1>are fetching the items, packaging everything the orders, and then

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<v Speaker 1>AI is used to take data from customer behavior, stock

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<v Speaker 1>levels etc. To try and plan inventory better and minimize waste.

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<v Speaker 1>So that's the way that it works and as they

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<v Speaker 1>will be using that and the partnership is good news

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<v Speaker 1>for Ocado because it's been having quite tough time turning

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<v Speaker 1>around its business and convincing customers to actually use its

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<v Speaker 1>robot technology after it called itself the Tesla of grocery.

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<v Speaker 1>And then we had Kroger, which was its biggest client

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<v Speaker 1>in the US, shutting three automated warehouses last year, so

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<v Speaker 1>that was obviously a big setback. So the difference with

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<v Speaker 1>this deal competitors deal that they had with Kroger is

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<v Speaker 1>that this is actually for install fulfillment and rather than

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<v Speaker 1>building an automated warehouse outside of the store. And so

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<v Speaker 1>if this partnership in this particular structure with as the

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<v Speaker 1>works out, then that might actually convince other supermarkets to

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<v Speaker 1>do the same and they could set Akada to get

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<v Speaker 1>back on track and get back to some possible free

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<v Speaker 1>cash flow as well, because that's been really a big

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<v Speaker 1>concern for investors.

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<v Speaker 3>Let's also talk about cts invent, Tim Chloe, I've just

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<v Speaker 3>had to lock and it sells tickets.

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<v Speaker 2>It sorts out tickets for concerts.

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<v Speaker 1>Doesn't it, Yeah, exactly. So it has reported earnings ahead

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<v Speaker 1>of expectations, with very strong growth in the life entertainment

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<v Speaker 1>segment in particular. So that's the side of the business

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<v Speaker 1>that is less of a kind of you know, ticket

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<v Speaker 1>website and more of a promoter network and so division

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<v Speaker 1>that's really benefited from very successful tours in the US

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<v Speaker 1>and in Europe, in Germany in particular, and it also

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<v Speaker 1>really benefited from the Olympic in Paralympic Winter Games in

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<v Speaker 1>Milan this year as well. So it seems that people

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<v Speaker 1>are going to concerts, they are going to events, and

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<v Speaker 1>so that has been quite reassuring for investors. And shares

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<v Speaker 1>jobbed quite strongly on the back of those earnings this morning,

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<v Speaker 1>and that has been quite a lot of relief actually

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<v Speaker 1>because there's been a fair bit of weakness in that

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<v Speaker 1>stock in the start of this year.

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<v Speaker 3>Yeah, okay, that's a ventum and in terms of other stock,

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<v Speaker 3>so from a search to a slump. What's behind the

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<v Speaker 3>job for Sivers Semiconductors this morning?

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<v Speaker 1>Yeah, So Sivers Semiconductors are so small I hadn't actually

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<v Speaker 1>heard of it before. It's a very small Swedish semiconductor firm.

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<v Speaker 1>It makes optical components that can transmit data. And so

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<v Speaker 1>it had results this morning that showed a deepening loss

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<v Speaker 1>and so it fell quite sharply and then is up

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<v Speaker 1>now actually quite strongly, so quite volatile this morning. And

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<v Speaker 1>all of this is very interesting because what's happening with

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<v Speaker 1>the company is that we've seen shares jump seven percent

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<v Speaker 1>this year and it's also become at the same time

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<v Speaker 1>one of Sweden's most shortened stock. So there's because there's

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<v Speaker 1>this frenzy in the stock that is putting the company

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<v Speaker 1>in potentially quite a precarious position. One economist said that

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<v Speaker 1>they are likely many investors that are dancing close to

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<v Speaker 1>the exit and are prepared to take quick profits if

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<v Speaker 1>the sentiment turns for this extreme need volatile stock. So

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<v Speaker 1>there had been a lot of focus this morning for

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<v Speaker 1>the earnings about whether or not this would this would

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<v Speaker 1>trigger the valley to continue, and what we can see

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<v Speaker 1>today is just essentially more volatility. So that's going to

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<v Speaker 1>be definitely one stock to keep an eye on going

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<v Speaker 1>forward as well.

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