WEBVTT - L'Oreal Rises, WHSmith Tumbles, Forvia Climbs 

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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 3>But let's take a look at some stocks on the

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<v Speaker 3>move today in Europe. I'm Stephen Carroll and I'm joined

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<v Speaker 3>by Bloomberg's Breaking News editor, Louise Moon. Louise, good morning.

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<v Speaker 3>Loads of earnings around to get into. Let's start with

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<v Speaker 3>the latest news from Larial.

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<v Speaker 1>Yes, the world's largest beauty group, had their first quarter

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<v Speaker 1>results this morning. Shares are surging as a result. They

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<v Speaker 1>were up almost ten percent this morning. So sales climbed

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<v Speaker 1>in the first quarter, the strongest quarterly sales in two years,

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<v Speaker 1>particularly on demand for their shampoo and their fragrances. They

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<v Speaker 1>both saw double digit growth, but actually all units across

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<v Speaker 1>Lorel grew, but those two were the strongest and essentially

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<v Speaker 1>showing that it's proving to be a lot more resilient

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<v Speaker 1>than some of their peers. That obviously there's been you know,

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<v Speaker 1>a bit of a consumer slow down given all of

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<v Speaker 1>the geopilsical uncertainty hitting some of their peers, but Lorel

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<v Speaker 1>faring better. So for example, before today's share price move.

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<v Speaker 1>If you look back at how Laurel's stock has done

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<v Speaker 1>this year so far, they're down about six percent, but

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<v Speaker 1>if you compare that to esday lorder, for example, they're

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<v Speaker 1>down about twenty seven percent, so proving more resilient. If

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<v Speaker 1>you get into kind of the regional breakdown in terms

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<v Speaker 1>of that consumer China is still proving a bit of

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<v Speaker 1>a weak spot for Laurel, as is being kind of

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<v Speaker 1>seen across the whole industry. So sales did drop there,

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<v Speaker 1>but less than expected, so still not totally negative. And

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<v Speaker 1>then the Middle East has seen a bit of a

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<v Speaker 1>bit of a negative impact from the war and from

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<v Speaker 1>changes they're from consumers. So the CEO said that he

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<v Speaker 1>acknowledged that, but saying that even if consumers are worried,

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<v Speaker 1>you know that there's what's what's called as the lipstick effect,

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<v Speaker 1>they might still choose to spend their money on beauty

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<v Speaker 1>and on those kind of items. So and Liss saying

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<v Speaker 1>that the sales, you know, as he was kind of indicating,

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<v Speaker 1>defies those worries about demand. It's a good set of

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<v Speaker 1>results and faring a lot better than peers. So shares

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<v Speaker 1>rising on.

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<v Speaker 3>The back of that, Yeah, lipstick effect. I I hope

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<v Speaker 3>you say lip sync effect for a minute there enough

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<v Speaker 3>looking completely different. Let's turn to w H Smith next.

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<v Speaker 3>Not such good news for them, at least in the

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<v Speaker 3>markets today. Their shoes down almost eleven percent.

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<v Speaker 1>Yeah, they touched in near fourteen year low this morning

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<v Speaker 1>and the biggest drag on the foot C two fifty

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<v Speaker 1>in London. They cut their full year outlook. They also

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<v Speaker 1>suspended dividends. They'd already cut dividends or reduced them in

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<v Speaker 1>December and now they've been suspended, essentially trying to prioritize delevering.

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<v Speaker 1>Deleveraging for WH Smith. This is a fresh blow essentially,

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<v Speaker 1>so they'd already been struggling. They're trying to recover from

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<v Speaker 1>a regulatory probe last year that was over an accounting

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<v Speaker 1>scandal internally that triggered a stock slamp at the time

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<v Speaker 1>and their CEO to resign. So that was already going on,

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<v Speaker 1>so already trying to recover from that, and then we've

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<v Speaker 1>seen the impact of the Iran war. Obviously, w H

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<v Speaker 1>Smith a travel retailer, so that's the reason that they've

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<v Speaker 1>cut their full your outlook and they've got that cautious

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<v Speaker 1>look ahead that's the Iran war, so kind of a

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<v Speaker 1>double whammy for wh Smith. The executive chair Leo Quinn,

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<v Speaker 1>he said that the immediate focus is to restore confidence,

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<v Speaker 1>so he's kind of acknowledged that that lack of confidence

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<v Speaker 1>they're both in the business and from consumers more generally.

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<v Speaker 1>And the results aren't just hitting wh Smith this morning,

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<v Speaker 1>also hitting their peers, so the likes of SSP and

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<v Speaker 1>a Volta, so dragging those lower as well. On the

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<v Speaker 1>back of that.

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<v Speaker 3>Okay, the finally some moves for Via in France tell.

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<v Speaker 1>Us more yeah, slightly eving once in not earnings, but

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<v Speaker 1>an m and a story. So the privacy firm Apollo

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<v Speaker 1>is nearing a deal to buy one of their units.

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<v Speaker 1>So for VIA's car interior's business, so it makes makes

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<v Speaker 1>things for cars like door panels and other things. Four

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<v Speaker 1>Via as a whole is a car tech company, so

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<v Speaker 1>they do everything from those kind of interiors and seats

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<v Speaker 1>to electronics, lighting, etc. So this is one of their units.

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<v Speaker 1>So this potential deal from Apollo could value that unit

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<v Speaker 1>at about one point four billion euros. Talks are still ongoing,

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<v Speaker 1>so it's not definitely a certain that this deal will

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<v Speaker 1>come about, but shares are ticking higher as a result

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<v Speaker 1>of this news. It's all part of four VIA's strategy

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<v Speaker 1>to streamline. They've been trying to streamline the business boost growth.

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<v Speaker 3>We already knew they're.

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<v Speaker 1>In talks to sell the unit, so apollow and the

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<v Speaker 1>valuation is the new news. It's already been been said

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<v Speaker 1>by analysts to be a positive step that they're selling

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<v Speaker 1>this focusing on deal leveraging. So Yeah, shares ticking higher,

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<v Speaker 1>but still relatively flat on the year and far off

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<v Speaker 1>still a all time high.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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