1
00:00:02,520 --> 00:00:08,720
Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.

2
00:00:08,720 --> 00:00:12,560
Speaker 2: Stock Movers Report, your roundup of companies making moves in

3
00:00:12,600 --> 00:00:15,880
Speaker 2: the stock market, harnessing the power of Bloomberg Data.

4
00:00:16,600 --> 00:00:18,000
Speaker 3: Let's take a look at some of the stocks on

5
00:00:18,040 --> 00:00:20,319
Speaker 3: the move today here in Europe. I'm Caroline Hepgar with

6
00:00:20,360 --> 00:00:22,919
Speaker 3: Lizzie Burden, and we're joined by Bloomberg's Breaking News editor

7
00:00:23,079 --> 00:00:27,280
Speaker 3: Louise Moon. Good morning, ASML, I mean a record quarter,

8
00:00:27,560 --> 00:00:30,880
Speaker 3: really blowout figures and you see the result in the

9
00:00:30,920 --> 00:00:32,040
Speaker 3: share price today, you.

10
00:00:32,000 --> 00:00:34,920
Speaker 4: Do, Yeah, heading record highs in AMSLM this morning, so

11
00:00:35,000 --> 00:00:36,639
Speaker 4: lars I looked up about four percent, and they had

12
00:00:36,640 --> 00:00:37,840
Speaker 4: been even higher this morning.

13
00:00:38,159 --> 00:00:40,280
Speaker 1: I think they started up about seven percent.

14
00:00:40,479 --> 00:00:42,600
Speaker 4: As you say, this is all on the back of

15
00:00:42,640 --> 00:00:45,040
Speaker 4: their kind of blowout figures this morning. So fourth quarter,

16
00:00:45,120 --> 00:00:50,199
Speaker 4: record orders, thirteenth straight year of sales growth, fork car

17
00:00:50,240 --> 00:00:53,440
Speaker 4: sales will continue to grow in twenty twenty six, so

18
00:00:53,640 --> 00:00:58,520
Speaker 4: all in very strong results and news from them that.

19
00:00:58,600 --> 00:01:01,480
Speaker 4: We had a Bloomberg TV interview with the CEO. He

20
00:01:01,560 --> 00:01:04,080
Speaker 4: said that despite all of that, even a great company

21
00:01:04,200 --> 00:01:06,240
Speaker 4: needs to improve and he wants a company to be

22
00:01:06,280 --> 00:01:09,240
Speaker 4: more agile. So they are on top of that good news.

23
00:01:09,440 --> 00:01:12,960
Speaker 4: They are also planning about oney seven hundred job cuts,

24
00:01:13,000 --> 00:01:16,080
Speaker 4: which is about four percent of their workforce. Those will

25
00:01:16,120 --> 00:01:20,200
Speaker 4: mainly be in tech and IT and mostly staff at

26
00:01:20,480 --> 00:01:23,360
Speaker 4: a leadership level, mostly in the Netherlands, but it will

27
00:01:23,400 --> 00:01:27,120
Speaker 4: also impact some operations in the US. They're saying that

28
00:01:27,160 --> 00:01:30,840
Speaker 4: this follows feedback that their organization is too complex. It

29
00:01:30,840 --> 00:01:34,720
Speaker 4: can lead too much time being spent on coordinating things,

30
00:01:34,760 --> 00:01:40,120
Speaker 4: coordinating processes. So that is kind of the only potentially

31
00:01:40,360 --> 00:01:41,919
Speaker 4: negative news for ASML this morning.

32
00:01:42,240 --> 00:01:44,479
Speaker 1: But as I say, blowout figures.

33
00:01:44,480 --> 00:01:47,600
Speaker 4: They're also going to create create some jobs, so creating

34
00:01:47,640 --> 00:01:51,160
Speaker 4: new engineering jobs, roles and manufacturing and other sectors.

35
00:01:51,440 --> 00:01:52,320
Speaker 1: And they're also.

36
00:01:52,080 --> 00:01:54,880
Speaker 4: Planning to expand to a second campus in Eindhoven, so

37
00:01:54,880 --> 00:01:57,840
Speaker 4: that's in line with demand. So strong demand for SML

38
00:01:57,920 --> 00:02:00,559
Speaker 4: being seen both in the numbers and in the share presce.

39
00:02:00,640 --> 00:02:04,160
Speaker 1: We also had reporting earnings reported from Debenham's Luise So

40
00:02:04,160 --> 00:02:05,160
Speaker 1: how did the market react to.

41
00:02:05,080 --> 00:02:08,240
Speaker 4: Those Yes, so they boosted their FOIEL guidance by eleven

42
00:02:08,240 --> 00:02:11,400
Speaker 4: percent and that boosted shares. They climbed to a six

43
00:02:11,520 --> 00:02:14,760
Speaker 4: week high in London. This is all on the back

44
00:02:14,760 --> 00:02:17,600
Speaker 4: of improvement momentum, particularly in their youth brands.

45
00:02:17,919 --> 00:02:19,720
Speaker 1: So that includes pretty little thing.

46
00:02:20,480 --> 00:02:22,440
Speaker 4: They had planned to put pro a little thing up

47
00:02:22,440 --> 00:02:25,400
Speaker 4: for sale before that, they announced that a while ago.

48
00:02:25,600 --> 00:02:27,640
Speaker 4: They've now said they've decided not to do that because

49
00:02:27,680 --> 00:02:28,560
Speaker 4: it's performing well.

50
00:02:29,400 --> 00:02:32,560
Speaker 1: So this is quite a significant marker. Really.

51
00:02:32,600 --> 00:02:34,760
Speaker 4: It marks the end of what has been a four

52
00:02:34,840 --> 00:02:38,880
Speaker 4: year streak of downgrades for Debenham's Boohoo.

53
00:02:39,440 --> 00:02:42,320
Speaker 1: It has recently been rebranded Debenhams. It was called boo Who.

54
00:02:43,080 --> 00:02:46,200
Speaker 4: So yeah, signals that their turnarounds gaining attraction. They are

55
00:02:46,240 --> 00:02:49,000
Speaker 4: still exploring sales of non core assets that can reduce

56
00:02:49,000 --> 00:02:51,600
Speaker 4: their debt more and you know that there's still some

57
00:02:52,160 --> 00:02:57,840
Speaker 4: room for customer growth to be boosted further. But it's

58
00:02:57,880 --> 00:03:01,280
Speaker 4: a marker of things starting to improve their yeah.

59
00:03:01,440 --> 00:03:04,560
Speaker 3: You know, such consolidation on the high street and in

60
00:03:04,600 --> 00:03:06,839
Speaker 3: all of those sort of retailers in the UK. Let's

61
00:03:06,840 --> 00:03:11,560
Speaker 3: think about banks sasity general down there have been some

62
00:03:11,720 --> 00:03:14,320
Speaker 3: very high expectations for bank stocks.

63
00:03:14,000 --> 00:03:17,679
Speaker 4: In Europe, there have been, yeah, and they've performed particularly

64
00:03:17,680 --> 00:03:19,760
Speaker 4: well over the past year. So if you look at

65
00:03:19,760 --> 00:03:23,240
Speaker 4: the stocks six hundred Europe Bank Index, so last year

66
00:03:23,680 --> 00:03:27,040
Speaker 4: StockGen gained one hundred and fifty three percent and that

67
00:03:27,160 --> 00:03:29,680
Speaker 4: was versus the indexes sixty seven percent, so it's been

68
00:03:29,720 --> 00:03:36,040
Speaker 4: performing really well, but shares dragging this morning. That's after

69
00:03:36,320 --> 00:03:39,720
Speaker 4: they've been cut by KBW analysts, and that's the third

70
00:03:39,760 --> 00:03:45,000
Speaker 4: downgrade for sock Gen this month. Essentially, analysser warning of

71
00:03:45,040 --> 00:03:48,840
Speaker 4: a risk that underwhelms having performed so well over the

72
00:03:48,880 --> 00:03:52,000
Speaker 4: past year or so. So the analyst KBW said they

73
00:03:52,000 --> 00:03:55,160
Speaker 4: don't see it. They don't expect it to deliver returns

74
00:03:55,200 --> 00:03:58,480
Speaker 4: above twelve percent by twenty twenty eight. They don't expect

75
00:03:58,520 --> 00:04:01,800
Speaker 4: management to give much meaningful dates until there's a bit

76
00:04:01,840 --> 00:04:03,880
Speaker 4: of a strategy review later this year, so there's a

77
00:04:03,880 --> 00:04:06,640
Speaker 4: bit of a limit to neartime cast lists that can

78
00:04:06,680 --> 00:04:07,360
Speaker 4: help the stock.

79
00:04:07,720 --> 00:04:09,560
Speaker 1: So the third downgrade four.

80
00:04:09,640 --> 00:04:12,400
Speaker 4: Soction I must also though, say that they still do

81
00:04:12,480 --> 00:04:16,760
Speaker 4: have sixteen buys as even though the consensus is slipping slightly,

82
00:04:17,160 --> 00:04:18,480
Speaker 4: it is still strong.

83
00:04:19,640 --> 00:04:21,960
Speaker 1: In that sense in terms of recommendations. Zer always file

84
00:04:22,000 --> 00:04:22,719
Speaker 1: the Reason.

85
00:04:22,839 --> 00:04:26,880
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with

86
00:04:26,960 --> 00:04:29,560
Speaker 2: us throughout the day for the latest roundup of companies

87
00:04:29,600 --> 00:04:32,720
Speaker 2: making news on Wall Street and for the latest market

88
00:04:32,720 --> 00:04:37,200
Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,

89
00:04:37,279 --> 00:04:40,800
Speaker 2: Bloomberg dot com and on Applecarplay and Android Auto with

90
00:04:40,880 --> 00:04:42,359
Speaker 2: the Bloomberg Business App