1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,760 --> 00:00:18,360 Speaker 3: Let's take a look at some stocks on the move 5 00:00:18,400 --> 00:00:20,960 Speaker 3: today in Europe. I'm Stephen Carroll Adam, joined by Bloomberg's 6 00:00:20,960 --> 00:00:24,239 Speaker 3: Breaking News editor Louise Mean and Louise good morning. Let's 7 00:00:24,280 --> 00:00:26,880 Speaker 3: start down with one of the shares that is gaining 8 00:00:26,880 --> 00:00:28,479 Speaker 3: in Europe this morning. There's a few of them to 9 00:00:28,480 --> 00:00:31,280 Speaker 3: pick from. BMP pier bars up by five percent. 10 00:00:31,360 --> 00:00:34,960 Speaker 1: What's going on, Yes, so they issued a new share 11 00:00:35,000 --> 00:00:37,120 Speaker 1: buy back this morning, which is one of the key focuses. 12 00:00:37,159 --> 00:00:40,560 Speaker 1: So that's one point one five billion euros of a 13 00:00:40,640 --> 00:00:43,120 Speaker 1: shared by back. They also said they plan to lift 14 00:00:43,120 --> 00:00:46,479 Speaker 1: their cet one ratio, so obviously that's a key measure 15 00:00:46,520 --> 00:00:48,760 Speaker 1: of banks capital strength. So they're going to raise that 16 00:00:48,800 --> 00:00:51,640 Speaker 1: to thirteen percent by twenty twenty seven. That's a year 17 00:00:52,080 --> 00:00:55,080 Speaker 1: earlier than they had planned before. So a double kind 18 00:00:55,080 --> 00:00:57,040 Speaker 1: of whammy of positive news for them and as you say, 19 00:00:57,080 --> 00:01:00,760 Speaker 1: shares arising on that. Essentially it's kind of reassuring investors. 20 00:01:00,760 --> 00:01:02,760 Speaker 1: They've had a series of setbacks, so this is quite 21 00:01:02,840 --> 00:01:06,319 Speaker 1: positive and welcome news. In their third quarter, for example, 22 00:01:06,360 --> 00:01:09,640 Speaker 1: they had quite a hit from bad debt. There's also 23 00:01:09,680 --> 00:01:12,119 Speaker 1: been a court ruling in the US recently and there 24 00:01:12,160 --> 00:01:13,840 Speaker 1: was worries over that that that could be quite an 25 00:01:13,880 --> 00:01:17,920 Speaker 1: expensive settlement. So the news this morning is helping with 26 00:01:18,000 --> 00:01:19,920 Speaker 1: a bit of reassurance. Alyss is saying, you know that 27 00:01:19,959 --> 00:01:23,960 Speaker 1: their addressing market concerns. But of course the focus now 28 00:01:24,040 --> 00:01:29,039 Speaker 1: moving forward is delivery and particularly delivery on capital distribution, 29 00:01:29,760 --> 00:01:31,720 Speaker 1: is what Alyss is saying. But as I say, a 30 00:01:31,720 --> 00:01:33,679 Speaker 1: bit of good news boosting shares today. 31 00:01:34,000 --> 00:01:36,120 Speaker 3: Okay, So from a big European bank to a company 32 00:01:36,160 --> 00:01:39,520 Speaker 3: that makes teeny tiny little figurines, Games Workshop in the 33 00:01:39,640 --> 00:01:43,080 Speaker 3: UK seeing its shares soaring, I'm so happy we're doing 34 00:01:43,080 --> 00:01:45,240 Speaker 3: this story, Louise. What's going on with Games Workshop. 35 00:01:45,560 --> 00:01:47,840 Speaker 1: It is a fascinating story. So yeah, as you said, 36 00:01:47,920 --> 00:01:49,880 Speaker 1: so one of the biggest boosters of the foot Sea hundred. 37 00:01:50,000 --> 00:01:52,800 Speaker 1: This morning they had a first half trading update. Jeffries 38 00:01:52,840 --> 00:01:56,120 Speaker 1: called it outstanding. They called it an asset of rare quality. 39 00:01:56,240 --> 00:01:59,280 Speaker 1: So a glowing report from Jeffries. Their revenue came in 40 00:01:59,360 --> 00:02:02,240 Speaker 1: ahead of experts and essentially it was as a positive 41 00:02:02,280 --> 00:02:04,760 Speaker 1: update Peel Hunt upgraded it to a buy on the 42 00:02:04,760 --> 00:02:08,280 Speaker 1: back of that, saying that they're set for another good year, 43 00:02:08,480 --> 00:02:13,520 Speaker 1: particularly referencing their dividends, saying that reinforces strength of cash flow. 44 00:02:14,200 --> 00:02:17,680 Speaker 1: But yeah, as we kind of touched upon it is 45 00:02:17,880 --> 00:02:20,680 Speaker 1: it's a really interesting story. So it listed a long 46 00:02:20,720 --> 00:02:23,520 Speaker 1: time ago games Workshop, but it's really rallied in recent 47 00:02:23,600 --> 00:02:25,760 Speaker 1: years and it joined the foot Ye hundred about a 48 00:02:25,840 --> 00:02:30,240 Speaker 1: year ago. Essentially, it's carved out a real niche and 49 00:02:30,240 --> 00:02:33,800 Speaker 1: it's just executed that very well, partly capitalizing on the 50 00:02:33,800 --> 00:02:36,239 Speaker 1: back of some TV shows, but also you know, Alice 51 00:02:36,320 --> 00:02:38,160 Speaker 1: note that it's got very good quality. They keep a 52 00:02:38,160 --> 00:02:40,720 Speaker 1: close eye on costs. There was one note saying that, 53 00:02:40,919 --> 00:02:43,160 Speaker 1: you know, the business seems really focused on the business 54 00:02:43,240 --> 00:02:46,919 Speaker 1: rather than talking more to investors and that kind of thing. 55 00:02:47,040 --> 00:02:49,440 Speaker 1: So it's been a real rally story of the past 56 00:02:49,440 --> 00:02:52,000 Speaker 1: few years and this update this morning is reinforcing that. 57 00:02:52,600 --> 00:02:56,240 Speaker 3: Yeah, and look, it's such an interesting story because it 58 00:02:56,360 --> 00:02:59,960 Speaker 3: is such a community around Warhammer, and the Sharps are 59 00:03:00,080 --> 00:03:02,079 Speaker 3: always a sort of place which when I used to 60 00:03:02,080 --> 00:03:04,959 Speaker 3: go into them as a teenager, you know, they really 61 00:03:05,040 --> 00:03:06,400 Speaker 3: do care about the people who walk in the door. 62 00:03:06,440 --> 00:03:08,000 Speaker 3: It's actually quite a lot of parallels to the story 63 00:03:08,040 --> 00:03:10,080 Speaker 3: we've been talking about in the luxury sector today and 64 00:03:10,160 --> 00:03:13,400 Speaker 3: that effort of building part of the family sentiment around 65 00:03:13,400 --> 00:03:16,680 Speaker 3: the brand. So their share is up significantly in London today. 66 00:03:17,080 --> 00:03:19,680 Speaker 3: Let's stay in the UK and JD Sports having a 67 00:03:19,680 --> 00:03:22,200 Speaker 3: tricky time. Their share is down two point six percent 68 00:03:22,240 --> 00:03:22,720 Speaker 3: at the moment. 69 00:03:23,040 --> 00:03:24,840 Speaker 1: Indeed, Yeah, a bit bit of a different story. So 70 00:03:25,000 --> 00:03:27,960 Speaker 1: they are one of the key drags for foot two hundred. 71 00:03:28,040 --> 00:03:30,920 Speaker 1: This morning, they've warned that the annual pre tax profit 72 00:03:30,960 --> 00:03:33,400 Speaker 1: will be at the lower end of expectations, are coming 73 00:03:33,400 --> 00:03:36,280 Speaker 1: in quite low. They're saying the UK remains weak. North 74 00:03:36,280 --> 00:03:39,040 Speaker 1: America has improved slightly, but that's kind of mostly down 75 00:03:39,040 --> 00:03:43,560 Speaker 1: to comparatives, so that they're really talking of a weak consumer. 76 00:03:43,800 --> 00:03:46,600 Speaker 1: They're talking week consumer indicators in the UK and as 77 00:03:46,600 --> 00:03:49,840 Speaker 1: well as that wider macro conditions that are or that 78 00:03:49,920 --> 00:03:53,680 Speaker 1: are basically dragging on their nit term prospects. And this 79 00:03:53,840 --> 00:03:56,560 Speaker 1: comes the timing is very interesting. It comes as the 80 00:03:56,560 --> 00:03:59,320 Speaker 1: British retail consultium. They also had some figures overnight saying 81 00:03:59,320 --> 00:04:02,080 Speaker 1: that consumer confidence tumbled in November. So it's painting this 82 00:04:02,160 --> 00:04:05,520 Speaker 1: picture of Brits not wanting to spend, pulling back on 83 00:04:05,560 --> 00:04:09,480 Speaker 1: personal spending ahead of the budget coming and obviously expectations 84 00:04:09,520 --> 00:04:10,480 Speaker 1: of tax hikes. 85 00:04:10,760 --> 00:04:11,040 Speaker 2: There. 86 00:04:11,080 --> 00:04:14,920 Speaker 1: There's one analysts on Jdsports that was saying that there 87 00:04:14,960 --> 00:04:16,560 Speaker 1: are a lot of worries, but it's nothing that a 88 00:04:16,600 --> 00:04:19,560 Speaker 1: dose of economic confidence and a few strong product releases 89 00:04:19,640 --> 00:04:22,560 Speaker 1: wouldn't resolve. So it's it's it's banking on a bit 90 00:04:22,600 --> 00:04:24,120 Speaker 1: of that confidence returning. 91 00:04:25,080 --> 00:04:29,120 Speaker 2: This Stock Movers report from Bloomberg Radio. 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