Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, 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 Rich Levans with Stephen
Speaker 3: Carroll and we're joined by our reporter tiwa Adabio. Let's
Speaker 3: start with Brunello Cucinelli. That the luxury stock has gained
Speaker 3: as much as six point six percent following some robust earnings.
Speaker 3: What's the latest move.
Speaker 4: Yeah, it's a good day for Brunello Cucinelli. Shares moving
Speaker 4: up this morning, and they're moving on the announcement of
Speaker 4: their first quarter results. So they've said they're boasting strong earnings.
Speaker 4: It's thanks to strong retail sales. But in particular, analysts
Speaker 4: are calling out the firm's strong performance relative to their peers.
Speaker 4: So it hasn't been the easiest time for the luxury sector.
Speaker 4: Some firms of face supply chain disruption, sales disruption due
Speaker 4: to the war in the Middle East. Of Jeffres have
Speaker 4: called this trading update impressive, and actually they've noted that
Speaker 4: there's growth outside of the Middle East, which has made
Speaker 4: up for the impact from the conflict in the region
Speaker 4: which dented March sales. Others at Morgan Stanley, for example,
Speaker 4: highlighting a very strong January for the company, and Brunello
Speaker 4: are optimistic looking quite far ahead. Actually, they said their
Speaker 4: strong belief in their business model means they're forecasting revenue
Speaker 4: growth of around ten percent for twenty twenty seven, so
Speaker 4: investors certainly quite convinced by their case.
Speaker 1: This morning a tantalizing glimpse into what we're going to
Speaker 1: be learning from earning season as well as things heat
Speaker 1: up from next week to let's go to the catering
Speaker 1: company Sedexo next a different story from then. Those shares
Speaker 1: den sharply currently down thirteen percent in Paris.
Speaker 4: Yeah, almost the opposite for Sedecta. They're leading losses on
Speaker 4: the stock six hundred this morning. Like Brunello, this is
Speaker 4: a result story, but is very much moving in the
Speaker 4: opposite direction. So Sedexo issued weaker than expected guidance for
Speaker 4: organic revenue growth and underlying operating margin. They're also blaming
Speaker 4: the uncertain external environments, so geopolitical tensions and war, and
Speaker 4: the war did come at a tricky time anyway for
Speaker 4: the firm. They had just appointed a new CEO in October,
Speaker 4: but actually some of the analysts commentary about that this morning,
Speaker 4: noting that many had actually feared that that new CEO's
Speaker 4: arrival would be accompanied by a sharp drop in earnings.
Speaker 4: That seems to have materialized and some investors don't have
Speaker 4: a great deal of confidence in this new leader as seems,
Speaker 4: but attention will shift onto whether or not he can
Speaker 4: get the company back on track. All eyes at the
Speaker 4: moment are on the capital market state, which are scheduled
Speaker 4: for July sixteenth, Say a mark that in your calendars.
Speaker 3: Doing that right now. And finally, we've seen some gains
Speaker 3: for Italian digital services firm. Reply, what's been going on there?
Speaker 4: Yes? Reply, also leading gains for the stock six hundred
Speaker 4: This morning it's up as much as eight percent. Shares
Speaker 4: have gained the most in about a year, So significant
Speaker 4: move there is coming really after they announced Amega five
Speaker 4: hundred and fifty million share buy back, which one analyst
Speaker 4: says is the first substantial buyback for the company, so
Speaker 4: perhaps quite an important milestone here. But the thinking here
Speaker 4: is that this move will allow better use of cash,
Speaker 4: but also it does show quite a vote of confidence
Speaker 4: from the management team. And that's even though replies valuation
Speaker 4: is actually sitting out of record low at the moment.
Speaker 4: Should mention that despite today's jump, the company is still
Speaker 4: down twenty six percent year to date, but perhaps some
Speaker 4: more positive news in the future of reply.
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