Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: 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 here in Europe. I'm Caroline Hepgar with
Speaker 3: Lizzie Burden, and we're joined by Bloomberg's Breaking News editor
Speaker 3: Louise Moon. Good morning, ASML, I mean a record quarter,
Speaker 3: really blowout figures and you see the result in the
Speaker 3: share price today, you.
Speaker 4: Do, Yeah, heading record highs in AMSLM this morning, so
Speaker 4: lars I looked up about four percent, and they had
Speaker 4: been even higher this morning.
Speaker 1: I think they started up about seven percent.
Speaker 4: As you say, this is all on the back of
Speaker 4: their kind of blowout figures this morning. So fourth quarter,
Speaker 4: record orders, thirteenth straight year of sales growth, fork car
Speaker 4: sales will continue to grow in twenty twenty six, so
Speaker 4: all in very strong results and news from them that.
Speaker 4: We had a Bloomberg TV interview with the CEO. He
Speaker 4: said that despite all of that, even a great company
Speaker 4: needs to improve and he wants a company to be
Speaker 4: more agile. So they are on top of that good news.
Speaker 4: They are also planning about oney seven hundred job cuts,
Speaker 4: which is about four percent of their workforce. Those will
Speaker 4: mainly be in tech and IT and mostly staff at
Speaker 4: a leadership level, mostly in the Netherlands, but it will
Speaker 4: also impact some operations in the US. They're saying that
Speaker 4: this follows feedback that their organization is too complex. It
Speaker 4: can lead too much time being spent on coordinating things,
Speaker 4: coordinating processes. So that is kind of the only potentially
Speaker 4: negative news for ASML this morning.
Speaker 1: But as I say, blowout figures.
Speaker 4: They're also going to create create some jobs, so creating
Speaker 4: new engineering jobs, roles and manufacturing and other sectors.
Speaker 1: And they're also.
Speaker 4: Planning to expand to a second campus in Eindhoven, so
Speaker 4: that's in line with demand. So strong demand for SML
Speaker 4: being seen both in the numbers and in the share presce.
Speaker 1: We also had reporting earnings reported from Debenham's Luise So
Speaker 1: how did the market react to.
Speaker 4: Those Yes, so they boosted their FOIEL guidance by eleven
Speaker 4: percent and that boosted shares. They climbed to a six
Speaker 4: week high in London. This is all on the back
Speaker 4: of improvement momentum, particularly in their youth brands.
Speaker 1: So that includes pretty little thing.
Speaker 4: They had planned to put pro a little thing up
Speaker 4: for sale before that, they announced that a while ago.
Speaker 4: They've now said they've decided not to do that because
Speaker 4: it's performing well.
Speaker 1: So this is quite a significant marker. Really.
Speaker 4: It marks the end of what has been a four
Speaker 4: year streak of downgrades for Debenham's Boohoo.
Speaker 1: It has recently been rebranded Debenhams. It was called boo Who.
Speaker 4: So yeah, signals that their turnarounds gaining attraction. They are
Speaker 4: still exploring sales of non core assets that can reduce
Speaker 4: their debt more and you know that there's still some
Speaker 4: room for customer growth to be boosted further. But it's
Speaker 4: a marker of things starting to improve their yeah.
Speaker 3: You know, such consolidation on the high street and in
Speaker 3: all of those sort of retailers in the UK. Let's
Speaker 3: think about banks sasity general down there have been some
Speaker 3: very high expectations for bank stocks.
Speaker 4: In Europe, there have been, yeah, and they've performed particularly
Speaker 4: well over the past year. So if you look at
Speaker 4: the stocks six hundred Europe Bank Index, so last year
Speaker 4: StockGen gained one hundred and fifty three percent and that
Speaker 4: was versus the indexes sixty seven percent, so it's been
Speaker 4: performing really well, but shares dragging this morning. That's after
Speaker 4: they've been cut by KBW analysts, and that's the third
Speaker 4: downgrade for sock Gen this month. Essentially, analysser warning of
Speaker 4: a risk that underwhelms having performed so well over the
Speaker 4: past year or so. So the analyst KBW said they
Speaker 4: don't see it. They don't expect it to deliver returns
Speaker 4: above twelve percent by twenty twenty eight. They don't expect
Speaker 4: management to give much meaningful dates until there's a bit
Speaker 4: of a strategy review later this year, so there's a
Speaker 4: bit of a limit to neartime cast lists that can
Speaker 4: help the stock.
Speaker 1: So the third downgrade four.
Speaker 4: Soction I must also though, say that they still do
Speaker 4: have sixteen buys as even though the consensus is slipping slightly,
Speaker 4: it is still strong.
Speaker 1: In that sense in terms of recommendations. Zer always file
Speaker 1: the Reason.
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