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 some of the stocks on
Speaker 3: the move today here in Europe. I'm Caroline Hepkar with
Speaker 3: Lizzie Burton. Were joined Bat Bloomberg. We bought a kloimber Lay.
Speaker 3: Good morning morning, So let's start with grossers in the UK.
Speaker 3: So moves for Acado this morning? Are their shares delivering?
Speaker 2: Yes they are.
Speaker 1: So we've got news of a partnership between Ocado and Asda,
Speaker 1: so as the will develops its online business across the
Speaker 1: UK with the Ocado Smart platform, which is the flagship
Speaker 1: technology that Ocado has, which is a technology platform that
Speaker 1: kind of blends AI and robotics to speed up the
Speaker 1: process of packaging and then delivering groceries. So the robots
Speaker 1: are fetching the items, packaging everything the orders, and then
Speaker 1: AI is used to take data from customer behavior, stock
Speaker 1: levels etc. To try and plan inventory better and minimize waste.
Speaker 1: So that's the way that it works and as they
Speaker 1: will be using that and the partnership is good news
Speaker 1: for Ocado because it's been having quite tough time turning
Speaker 1: around its business and convincing customers to actually use its
Speaker 1: robot technology after it called itself the Tesla of grocery.
Speaker 1: And then we had Kroger, which was its biggest client
Speaker 1: in the US, shutting three automated warehouses last year, so
Speaker 1: that was obviously a big setback. So the difference with
Speaker 1: this deal competitors deal that they had with Kroger is
Speaker 1: that this is actually for install fulfillment and rather than
Speaker 1: building an automated warehouse outside of the store. And so
Speaker 1: if this partnership in this particular structure with as the
Speaker 1: works out, then that might actually convince other supermarkets to
Speaker 1: do the same and they could set Akada to get
Speaker 1: back on track and get back to some possible free
Speaker 1: cash flow as well, because that's been really a big
Speaker 1: concern for investors.
Speaker 3: Let's also talk about cts invent, Tim Chloe, I've just
Speaker 3: had to lock and it sells tickets.
Speaker 2: It sorts out tickets for concerts.
Speaker 1: Doesn't it, Yeah, exactly. So it has reported earnings ahead
Speaker 1: of expectations, with very strong growth in the life entertainment
Speaker 1: segment in particular. So that's the side of the business
Speaker 1: that is less of a kind of you know, ticket
Speaker 1: website and more of a promoter network and so division
Speaker 1: that's really benefited from very successful tours in the US
Speaker 1: and in Europe, in Germany in particular, and it also
Speaker 1: really benefited from the Olympic in Paralympic Winter Games in
Speaker 1: Milan this year as well. So it seems that people
Speaker 1: are going to concerts, they are going to events, and
Speaker 1: so that has been quite reassuring for investors. And shares
Speaker 1: jobbed quite strongly on the back of those earnings this morning,
Speaker 1: and that has been quite a lot of relief actually
Speaker 1: because there's been a fair bit of weakness in that
Speaker 1: stock in the start of this year.
Speaker 3: Yeah, okay, that's a ventum and in terms of other stock,
Speaker 3: so from a search to a slump. What's behind the
Speaker 3: job for Sivers Semiconductors this morning?
Speaker 1: Yeah, So Sivers Semiconductors are so small I hadn't actually
Speaker 1: heard of it before. It's a very small Swedish semiconductor firm.
Speaker 1: It makes optical components that can transmit data. And so
Speaker 1: it had results this morning that showed a deepening loss
Speaker 1: and so it fell quite sharply and then is up
Speaker 1: now actually quite strongly, so quite volatile this morning. And
Speaker 1: all of this is very interesting because what's happening with
Speaker 1: the company is that we've seen shares jump seven percent
Speaker 1: this year and it's also become at the same time
Speaker 1: one of Sweden's most shortened stock. So there's because there's
Speaker 1: this frenzy in the stock that is putting the company
Speaker 1: in potentially quite a precarious position. One economist said that
Speaker 1: they are likely many investors that are dancing close to
Speaker 1: the exit and are prepared to take quick profits if
Speaker 1: the sentiment turns for this extreme need volatile stock. So
Speaker 1: there had been a lot of focus this morning for
Speaker 1: the earnings about whether or not this would this would
Speaker 1: trigger the valley to continue, and what we can see
Speaker 1: today is just essentially more volatility. So that's going to
Speaker 1: be definitely one stock to keep an eye on going
Speaker 1: forward as well.
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