WEBVTT - Airbus Gains, Randstad Up, Wetherspoon Plunges

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Now, let's take a look at some of the stocks

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<v Speaker 1>on the move today in Europe. I'm Lizzie Vernon in

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<v Speaker 1>London with Stephen Carroll in Brussels, and we're joined by

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<v Speaker 1>our Bloomberg reporter, Chloe Melee. Chloe, I want to start

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<v Speaker 1>with Eirbus this morning, shares up the most in eleven weeks.

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<v Speaker 3>What's behind that?

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<v Speaker 4>Yeah, So EBS outlined some very new ambitious targets yesterday

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<v Speaker 4>and so it plans a five billion euro buyback and

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<v Speaker 4>then a doubling of profit as well over the next

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<v Speaker 4>three years. And it reassured investors that a lot of

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<v Speaker 4>the production issues that they had been facing over the

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<v Speaker 4>last few months, including engine problems and then shortages of

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<v Speaker 4>some parts as well, which really plagues operation for Ebbus,

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<v Speaker 4>that all of those issues were now getting sorted out

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<v Speaker 4>and that output will then be ramped up in So

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<v Speaker 4>this was seen as very positive from investors after a

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<v Speaker 4>lot of weakness actually in the shares for Airbus recently.

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<v Speaker 4>With JP Morgan analysts saying that the company had delivered

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<v Speaker 4>on all of the things that were needed for it

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<v Speaker 4>to rally, and it did rally. Indeed this morning they

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<v Speaker 4>said in particular that what was really reassuring was that

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<v Speaker 4>the company had been able to provide very clear medium

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<v Speaker 4>term guidance. And so this is obviously the visibility that

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<v Speaker 4>investors needed, the confidence from management that they were looking

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<v Speaker 4>for as well, and that has been very helpful. And

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<v Speaker 4>of course the buyback, although some and as have said

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<v Speaker 4>it sits at the lower end of expectations, this is

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<v Speaker 4>a shareholder return that's always very welcome. So this has

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<v Speaker 4>very much boosted the stock this morning after this long

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<v Speaker 4>period of underperformance compared to its closest rival, Boeing.

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<v Speaker 3>Of course, okay, well from planes to people, we've had

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<v Speaker 3>an update from Brandstad and the results are positive.

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<v Speaker 4>Yeah, it's really another sign that we've got this earning

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<v Speaker 4>season of maybe the recruitment sector getting back on track.

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<v Speaker 3>So Ranstad Besimus.

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<v Speaker 4>This morning and the performance was good really across several markets,

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<v Speaker 4>and this echoes positive results that we had from Manpower

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<v Speaker 4>in the US, but then also Hayes and Page Group

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<v Speaker 4>over here in the UK. And so this seems to

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<v Speaker 4>indicate that after maybe you know, all of that weakness,

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<v Speaker 4>those years and years of weakness in the industry, things

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<v Speaker 4>might start to be looking up for the sector. Perhaps

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<v Speaker 4>businesses are regaining some of that confidence are no longer

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<v Speaker 4>putting their hiring plans on hold. Of course, the recovery

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<v Speaker 4>isn't exactly the same across all markets. I actually spoke

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<v Speaker 4>to the CEO of another equipment company yesterday s three,

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<v Speaker 4>and he told me that although Europe is slowly getting

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<v Speaker 4>back on track, it's still quite weak and the company

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<v Speaker 4>has had to really shift this strategy towards other markets

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<v Speaker 4>that are doing much better, like the US and Japan

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<v Speaker 4>in particular. And this actually fits with what we're hearing

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<v Speaker 4>from Ransad this morning, with North America being a really

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<v Speaker 4>bright spot for the company.

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<v Speaker 3>So a recovery, but not a broad bait one just yet.

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<v Speaker 1>And clo ending on weather Spoons issuing it is fourth

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<v Speaker 1>profit warning this year. Surely that quarter can't have included

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<v Speaker 1>the World.

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<v Speaker 4>Car Well, it did, so the World Cup actually did

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<v Speaker 4>not provide as big of a boost as they had hoped,

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<v Speaker 4>and that is because higher costs just offset the boosts

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<v Speaker 4>from this the matches, So as you said, Spoons issued

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<v Speaker 4>that fourth profit warning so far this year. We did

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<v Speaker 4>see some consumer confidence getting back into the UK economy

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<v Speaker 4>in June, with lots of people buying pines in pubs

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<v Speaker 4>to support the England team. But the chairman, Tim Martin

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<v Speaker 4>actually said that the timing of some of the matches

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<v Speaker 4>meant that it encouraged home consumption instead with of course

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<v Speaker 4>those you know ten pm even two am games that

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<v Speaker 4>we saw, and at the same time, costs remained very high.

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<v Speaker 4>That's the thing that Spoons has been mentioning now for

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<v Speaker 4>quite a few months that there's you know, the higher

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<v Speaker 4>taxes for hospitality, there's a higher energy costs of course

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<v Speaker 4>because of the Iran war, and those higher labor costs

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<v Speaker 4>after the budget from year and all of that is

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<v Speaker 4>wearing very massively on margins and so.

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<v Speaker 3>That is why we had this profit warning.

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<v Speaker 4>So if even a World Cup cannot help, then that

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<v Speaker 4>looks like quite a dire situation for all of the pubs. Really.

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