1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:18,160 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,200 --> 00:00:20,640 Speaker 3: the move today in Europe. I'm Rich Levans with Stephen 6 00:00:20,680 --> 00:00:24,079 Speaker 3: Carroll and we're joined by our reporter tiwa Adabio. Let's 7 00:00:24,079 --> 00:00:27,000 Speaker 3: start with Brunello Cucinelli. That the luxury stock has gained 8 00:00:27,000 --> 00:00:30,280 Speaker 3: as much as six point six percent following some robust earnings. 9 00:00:30,360 --> 00:00:31,479 Speaker 3: What's the latest move. 10 00:00:32,120 --> 00:00:35,200 Speaker 4: Yeah, it's a good day for Brunello Cucinelli. Shares moving 11 00:00:35,280 --> 00:00:37,880 Speaker 4: up this morning, and they're moving on the announcement of 12 00:00:37,920 --> 00:00:42,120 Speaker 4: their first quarter results. So they've said they're boasting strong earnings. 13 00:00:42,200 --> 00:00:46,000 Speaker 4: It's thanks to strong retail sales. But in particular, analysts 14 00:00:46,040 --> 00:00:49,519 Speaker 4: are calling out the firm's strong performance relative to their peers. 15 00:00:49,600 --> 00:00:53,160 Speaker 4: So it hasn't been the easiest time for the luxury sector. 16 00:00:53,400 --> 00:00:58,160 Speaker 4: Some firms of face supply chain disruption, sales disruption due 17 00:00:58,160 --> 00:01:00,920 Speaker 4: to the war in the Middle East. Of Jeffres have 18 00:01:01,000 --> 00:01:05,160 Speaker 4: called this trading update impressive, and actually they've noted that 19 00:01:05,760 --> 00:01:08,800 Speaker 4: there's growth outside of the Middle East, which has made 20 00:01:08,920 --> 00:01:11,720 Speaker 4: up for the impact from the conflict in the region 21 00:01:11,840 --> 00:01:15,639 Speaker 4: which dented March sales. Others at Morgan Stanley, for example, 22 00:01:15,720 --> 00:01:19,880 Speaker 4: highlighting a very strong January for the company, and Brunello 23 00:01:19,959 --> 00:01:23,240 Speaker 4: are optimistic looking quite far ahead. Actually, they said their 24 00:01:23,319 --> 00:01:27,040 Speaker 4: strong belief in their business model means they're forecasting revenue 25 00:01:27,040 --> 00:01:30,000 Speaker 4: growth of around ten percent for twenty twenty seven, so 26 00:01:30,160 --> 00:01:32,559 Speaker 4: investors certainly quite convinced by their case. 27 00:01:32,560 --> 00:01:34,920 Speaker 1: This morning a tantalizing glimpse into what we're going to 28 00:01:34,920 --> 00:01:36,920 Speaker 1: be learning from earning season as well as things heat 29 00:01:37,000 --> 00:01:39,679 Speaker 1: up from next week to let's go to the catering 30 00:01:39,760 --> 00:01:42,600 Speaker 1: company Sedexo next a different story from then. Those shares 31 00:01:42,640 --> 00:01:45,080 Speaker 1: den sharply currently down thirteen percent in Paris. 32 00:01:45,360 --> 00:01:47,960 Speaker 4: Yeah, almost the opposite for Sedecta. They're leading losses on 33 00:01:48,000 --> 00:01:51,360 Speaker 4: the stock six hundred this morning. Like Brunello, this is 34 00:01:51,400 --> 00:01:53,720 Speaker 4: a result story, but is very much moving in the 35 00:01:53,760 --> 00:01:58,840 Speaker 4: opposite direction. So Sedexo issued weaker than expected guidance for 36 00:01:59,200 --> 00:02:04,200 Speaker 4: organic revenue growth and underlying operating margin. They're also blaming 37 00:02:04,280 --> 00:02:09,680 Speaker 4: the uncertain external environments, so geopolitical tensions and war, and 38 00:02:09,760 --> 00:02:11,920 Speaker 4: the war did come at a tricky time anyway for 39 00:02:11,960 --> 00:02:15,120 Speaker 4: the firm. They had just appointed a new CEO in October, 40 00:02:15,320 --> 00:02:18,680 Speaker 4: but actually some of the analysts commentary about that this morning, 41 00:02:19,040 --> 00:02:22,080 Speaker 4: noting that many had actually feared that that new CEO's 42 00:02:22,160 --> 00:02:25,280 Speaker 4: arrival would be accompanied by a sharp drop in earnings. 43 00:02:25,600 --> 00:02:29,320 Speaker 4: That seems to have materialized and some investors don't have 44 00:02:29,400 --> 00:02:32,160 Speaker 4: a great deal of confidence in this new leader as seems, 45 00:02:32,360 --> 00:02:35,240 Speaker 4: but attention will shift onto whether or not he can 46 00:02:35,360 --> 00:02:38,000 Speaker 4: get the company back on track. All eyes at the 47 00:02:38,000 --> 00:02:40,519 Speaker 4: moment are on the capital market state, which are scheduled 48 00:02:40,520 --> 00:02:43,400 Speaker 4: for July sixteenth, Say a mark that in your calendars. 49 00:02:43,520 --> 00:02:46,880 Speaker 3: Doing that right now. And finally, we've seen some gains 50 00:02:46,919 --> 00:02:50,239 Speaker 3: for Italian digital services firm. Reply, what's been going on there? 51 00:02:50,600 --> 00:02:53,400 Speaker 4: Yes? Reply, also leading gains for the stock six hundred 52 00:02:53,480 --> 00:02:56,320 Speaker 4: This morning it's up as much as eight percent. Shares 53 00:02:56,320 --> 00:03:00,200 Speaker 4: have gained the most in about a year, So significant 54 00:03:00,200 --> 00:03:03,839 Speaker 4: move there is coming really after they announced Amega five 55 00:03:03,919 --> 00:03:07,440 Speaker 4: hundred and fifty million share buy back, which one analyst 56 00:03:07,480 --> 00:03:10,960 Speaker 4: says is the first substantial buyback for the company, so 57 00:03:11,000 --> 00:03:14,480 Speaker 4: perhaps quite an important milestone here. But the thinking here 58 00:03:14,560 --> 00:03:17,720 Speaker 4: is that this move will allow better use of cash, 59 00:03:17,840 --> 00:03:20,799 Speaker 4: but also it does show quite a vote of confidence 60 00:03:20,880 --> 00:03:24,280 Speaker 4: from the management team. And that's even though replies valuation 61 00:03:24,440 --> 00:03:27,000 Speaker 4: is actually sitting out of record low at the moment. 62 00:03:27,160 --> 00:03:30,520 Speaker 4: Should mention that despite today's jump, the company is still 63 00:03:30,600 --> 00:03:33,840 Speaker 4: down twenty six percent year to date, but perhaps some 64 00:03:33,880 --> 00:03:36,080 Speaker 4: more positive news in the future of reply. 65 00:03:36,680 --> 00:03:40,720 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 66 00:03:40,800 --> 00:03:43,360 Speaker 2: us throughout the day for the latest roundup of companies 67 00:03:43,440 --> 00:03:46,560 Speaker 2: making news on Wall Street and for the latest market 68 00:03:46,560 --> 00:03:51,040 Speaker 2: moving headlines. 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