WEBVTT - ASML Surges, Debenhams Update, Soceite Generale Falls 

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

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<v Speaker 3>the move today here in Europe. I'm Caroline Hepgar with

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<v Speaker 3>Lizzie Burden, and we're joined by Bloomberg's Breaking News editor

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<v Speaker 3>Louise Moon. Good morning, ASML, I mean a record quarter,

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<v Speaker 3>really blowout figures and you see the result in the

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<v Speaker 3>share price today, you.

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<v Speaker 4>Do, Yeah, heading record highs in AMSLM this morning, so

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<v Speaker 4>lars I looked up about four percent, and they had

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<v Speaker 4>been even higher this morning.

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<v Speaker 1>I think they started up about seven percent.

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<v Speaker 4>As you say, this is all on the back of

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<v Speaker 4>their kind of blowout figures this morning. So fourth quarter,

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<v Speaker 4>record orders, thirteenth straight year of sales growth, fork car

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<v Speaker 4>sales will continue to grow in twenty twenty six, so

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<v Speaker 4>all in very strong results and news from them that.

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<v Speaker 4>We had a Bloomberg TV interview with the CEO. He

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<v Speaker 4>said that despite all of that, even a great company

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<v Speaker 4>needs to improve and he wants a company to be

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<v Speaker 4>more agile. So they are on top of that good news.

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<v Speaker 4>They are also planning about oney seven hundred job cuts,

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<v Speaker 4>which is about four percent of their workforce. Those will

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<v Speaker 4>mainly be in tech and IT and mostly staff at

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<v Speaker 4>a leadership level, mostly in the Netherlands, but it will

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<v Speaker 4>also impact some operations in the US. They're saying that

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<v Speaker 4>this follows feedback that their organization is too complex. It

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<v Speaker 4>can lead too much time being spent on coordinating things,

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<v Speaker 4>coordinating processes. So that is kind of the only potentially

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<v Speaker 4>negative news for ASML this morning.

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<v Speaker 1>But as I say, blowout figures.

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<v Speaker 4>They're also going to create create some jobs, so creating

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<v Speaker 4>new engineering jobs, roles and manufacturing and other sectors.

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<v Speaker 1>And they're also.

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<v Speaker 4>Planning to expand to a second campus in Eindhoven, so

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<v Speaker 4>that's in line with demand. So strong demand for SML

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<v Speaker 4>being seen both in the numbers and in the share presce.

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<v Speaker 1>We also had reporting earnings reported from Debenham's Luise So

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<v Speaker 1>how did the market react to.

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<v Speaker 4>Those Yes, so they boosted their FOIEL guidance by eleven

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<v Speaker 4>percent and that boosted shares. They climbed to a six

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<v Speaker 4>week high in London. This is all on the back

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<v Speaker 4>of improvement momentum, particularly in their youth brands.

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<v Speaker 1>So that includes pretty little thing.

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<v Speaker 4>They had planned to put pro a little thing up

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<v Speaker 4>for sale before that, they announced that a while ago.

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<v Speaker 4>They've now said they've decided not to do that because

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<v Speaker 4>it's performing well.

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<v Speaker 1>So this is quite a significant marker. Really.

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<v Speaker 4>It marks the end of what has been a four

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<v Speaker 4>year streak of downgrades for Debenham's Boohoo.

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<v Speaker 1>It has recently been rebranded Debenhams. It was called boo Who.

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<v Speaker 4>So yeah, signals that their turnarounds gaining attraction. They are

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<v Speaker 4>still exploring sales of non core assets that can reduce

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<v Speaker 4>their debt more and you know that there's still some

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<v Speaker 4>room for customer growth to be boosted further. But it's

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<v Speaker 4>a marker of things starting to improve their yeah.

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<v Speaker 3>You know, such consolidation on the high street and in

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<v Speaker 3>all of those sort of retailers in the UK. Let's

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<v Speaker 3>think about banks sasity general down there have been some

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<v Speaker 3>very high expectations for bank stocks.

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<v Speaker 4>In Europe, there have been, yeah, and they've performed particularly

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<v Speaker 4>well over the past year. So if you look at

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<v Speaker 4>the stocks six hundred Europe Bank Index, so last year

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<v Speaker 4>StockGen gained one hundred and fifty three percent and that

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<v Speaker 4>was versus the indexes sixty seven percent, so it's been

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<v Speaker 4>performing really well, but shares dragging this morning. That's after

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<v Speaker 4>they've been cut by KBW analysts, and that's the third

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<v Speaker 4>downgrade for sock Gen this month. Essentially, analysser warning of

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<v Speaker 4>a risk that underwhelms having performed so well over the

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<v Speaker 4>past year or so. So the analyst KBW said they

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<v Speaker 4>don't see it. They don't expect it to deliver returns

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<v Speaker 4>above twelve percent by twenty twenty eight. They don't expect

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<v Speaker 4>management to give much meaningful dates until there's a bit

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<v Speaker 4>of a strategy review later this year, so there's a

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<v Speaker 4>bit of a limit to neartime cast lists that can

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<v Speaker 4>help the stock.

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<v Speaker 1>So the third downgrade four.

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<v Speaker 4>Soction I must also though, say that they still do

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<v Speaker 4>have sixteen buys as even though the consensus is slipping slightly,

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<v Speaker 4>it is still strong.

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<v Speaker 1>In that sense in terms of recommendations. Zer always file

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<v Speaker 1>the Reason.

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