WEBVTT - Glencore Slides, BAE Boosted, Carrefour Drops

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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 1>Let's take a look at some of the stocks on

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<v Speaker 1>the move today here in Europe. I'm Caroline Heppier, would

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<v Speaker 1>Jamna Bisetchi and we joined bub Blomberg Report, Cloague and Malay.

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<v Speaker 1>Good morning. So the mining giant glen Core posting a

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<v Speaker 1>drop in profits even record copper prices didn't do it?

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<v Speaker 1>How I investors thinking about this news.

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<v Speaker 3>Well, actually shares were up this morning despite the fact that,

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<v Speaker 3>as you said, profit did for because those record copper

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<v Speaker 3>prices were not quite enough to offset some of the

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<v Speaker 3>weakness in the core business in particular, which has been

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<v Speaker 3>a struggling for some time. But the reason why the

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<v Speaker 3>shares are up might have a lot to do with

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<v Speaker 3>the fact that glen Core is planning to return two

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<v Speaker 3>billion dollars to shareholders, and so this is probably something

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<v Speaker 3>that is offsetting some of those disappointing results. And the

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<v Speaker 3>results do come just a couple of weeks after the

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<v Speaker 3>deal talks between glen Core reat into collapse. So now

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<v Speaker 3>glen Core really has to show investors that it can

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<v Speaker 3>make that progress on its own. And the big thing

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<v Speaker 3>that glen Core has got going for it is its

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<v Speaker 3>copper business, and that is the metal that everyone wants

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<v Speaker 3>access to right now. Of course, it is here multiple

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<v Speaker 3>records over the last month, and that was one of

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<v Speaker 3>the main motivations for Riotinto to merge with with glen Core.

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<v Speaker 3>But the copper business that glen Core does need to

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<v Speaker 3>be improved because production keeps falling and it's consistently missed

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<v Speaker 3>production targets. But there is some progress towards that at

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<v Speaker 3>the moment that glen Core said this morning that it

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<v Speaker 3>had reached an agreement with the Democratic Republic of Congo's

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<v Speaker 3>state mining company to over a land package that will

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<v Speaker 3>allow it to boost copper production in that country. So

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<v Speaker 3>the copper output reset is in progress and that is

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<v Speaker 3>quite reassuring and that really needs to be the focus

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<v Speaker 3>going forward for Glencore.

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<v Speaker 1>Yeah, what about Bee Systems, which looks the benefit from

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<v Speaker 1>the optic in defence spending.

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<v Speaker 3>Yeah, absolutely, So BAA is expecting that momentum in sales

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<v Speaker 3>and earnings to stabilize this year after what has been

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<v Speaker 3>a record twenty twenty five for the company. So the

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<v Speaker 3>promise of that steady growth rather than any acceleration was

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<v Speaker 3>enough to get investors excited because we're talking about maintaining

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<v Speaker 3>growth at quite a high level. And BAE is, of course,

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<v Speaker 3>as you say, been one of the main beneficiaries of

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<v Speaker 3>this big ramp up in defense spending across Europe and

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<v Speaker 3>last year it did raise its outlooks, so that means

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<v Speaker 3>that that could happen this year as well, especially given

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<v Speaker 3>that there's no sign that defence budgets will be shrinking

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<v Speaker 3>this year. And it seems the analysts are really seeing

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<v Speaker 3>this as a long term story for BAE. We've got

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<v Speaker 3>Morgan Stanley, for example, saying they're increasingly confident that the

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<v Speaker 3>company can sustain high single digit revenue growth for the

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<v Speaker 3>foreseeable or so. All in all, we've got great results,

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<v Speaker 3>very promising guidance for BAE, and that is definitely reflected

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<v Speaker 3>in the yesterday. We were firmly in the green this morning.

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<v Speaker 1>Meanwhile, the retailer care for as much as five percent

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<v Speaker 1>after delivering full year results which are seen as slightly

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<v Speaker 1>weaker than expected.

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<v Speaker 3>Yeah, we've got profit missing expectations, cash flow being disappointing.

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<v Speaker 3>The fourth quarter sales were positive but also a little

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<v Speaker 3>bit below what analysts I'd expected, so that weakness definitely

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<v Speaker 3>across the board for car four in. The company is

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<v Speaker 3>also holding a capital markets day to day and it

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<v Speaker 3>has set some twenty thirty targets and in particular strategy

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<v Speaker 3>that's really focused on the France, Spain and Brazil markets,

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<v Speaker 3>is planning to gain more and more market share in

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<v Speaker 3>those countries, and that is after Cafe Is exted markets

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<v Speaker 3>like Italy and Romania as well because those were not

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<v Speaker 3>performing as well. But City analysts have said that those

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<v Speaker 3>long term growth targets are quite ambitious, which might mean

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<v Speaker 3>they're quite there will be quite difficult to achieve, and

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<v Speaker 3>JP Morgan, analyst, said that right now the weak results

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<v Speaker 3>for twenty twenty five will be overshadowing the midterm outlook

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<v Speaker 3>to twenty thirty, So Carfell does have a big task

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<v Speaker 3>ahead of it to revive that growth in those court

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<v Speaker 3>markets and get the cash flow back on track.

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