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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Now, let's look at some of the stocks on the

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Speaker 3: move today here in Europe. I'm Caroline Hepgar with Stephen

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Speaker 3: Carroll and were joined by Bluebergs Sam on Stead. This morning, Sam,

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Speaker 3: good to see you. The owner of Zara into Text

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Speaker 3: is a really big mover this morning. What's the story there?

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Speaker 4: Yeah, a big mover and a big weight on the

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Speaker 4: stock six hundred as well this morning, so it's quite

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Speaker 4: an interesting reports. So their sales actually did accelerate a

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Speaker 4: little bit from the previous quarter, So initially when this

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Speaker 4: came out this morning, there was a sense of, oh,

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Speaker 4: this looks quite reasonable. But actually what analysts have focused on,

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Speaker 4: what investors appear to be focusing on, is that the

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Speaker 4: sales into the summer this year have actually been a

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Speaker 4: bit weaker than the previous year. So the momentum does

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Speaker 4: appear to have actually slowed down a little bit, even

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Speaker 4: if it's got a little better from the first quarter

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Speaker 4: of the year. So yeah, in de Text, I think

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Speaker 4: down about five percent. Itx excuse me SM in Spain

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Speaker 4: and I've had drag there and also sort of underlines

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Speaker 4: a question about whether they are actually outperforming as much

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Speaker 4: as as was previously thought. So they had kept a

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Speaker 4: better control of their inventory than H and M, for example,

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Speaker 4: had done, but now this sort of puts a little

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Speaker 4: crack in that story.

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Speaker 1: Yeah, a very interesting one to watch this morning. And

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Speaker 1: on the other side of the spectrum, Danny's hearing aid

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Speaker 1: from DeMont a big gain on their shares. What's going on?

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Speaker 4: Yeah, so DeMont DC in Denmark hit the highest since January.

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Speaker 4: They've bought a company called kind ki Nd in Germany,

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Speaker 4: just increases their overall exposure to the German market. Seen

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Speaker 4: as quite a good strategic fit, most analysts have said.

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Speaker 4: The interesting part about this, so hearing aids have actually

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Speaker 4: been pretty much entirely left out of the tariff story.

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Speaker 4: So this was a segment which you know, I think

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Speaker 4: when this all began, when Tariff's first sort of became

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Speaker 4: in and when Donald Trump came in, there a lot

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Speaker 4: of fears that this industry would get caught up in

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Speaker 4: that because it's a lot of different parts moving all

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Speaker 4: over the world. Hasn't happened and so the reaction to

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Speaker 4: this is quite interesting this morning. It's a good reaction

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Speaker 4: for the shares, and let's say it's a good strategic fit,

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Speaker 4: but there's an element in each of the analyst comments

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Speaker 4: that yes, this looks good for now, but we still

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Speaker 4: don't totally know what's going to happen in the future

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Speaker 4: when these tariffs are. At the moment, there's no sign

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Speaker 4: of it, but were the way that markets are currently

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Speaker 4: feeling that they're worried that something could emerge in the future.

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Speaker 3: Interesting all those electronic goods that you wouldn't have thought

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Speaker 3: might be affected by terrorists, but they are tiny tech.

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Speaker 3: In terms of other things that we're thinking about. UK

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Speaker 3: home builders reacting to government policies, it's sustainable.

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Speaker 4: Yeah, So there's been this kind of drip feed of

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Speaker 4: stuff coming up to the UK spending Review today, so

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Speaker 4: big sort of announcements of infrastructure spending, nuclear spending over

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Speaker 4: the course of this week. Last night they said that

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Speaker 4: they're going to spend thirty nine billion pounds so over

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Speaker 4: the next ten years or so on affordable how so

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Speaker 4: that's quite a bit more than the previous plan. It

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Speaker 4: also appears to be quite a bit more than was expected.

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Speaker 4: You know, at the moment there's a lot of wrangling

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Speaker 4: going on between departments. Who's going to get money, who's not.

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Speaker 4: It looks like the housing department has done pretty well.

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Speaker 4: They've got a bit more than maybe they had initially anticipated.

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Speaker 4: Remember that the government as well over here has been

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Speaker 4: pushing through a lot of planning reforms, so this is

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Speaker 4: part of the whole picture for labor. The big mover

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Speaker 4: on this story this morning is Vistry vty LN. There

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Speaker 4: shows are up about nine percent, and that is because

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Speaker 4: Vistory has a division which partners with local authorities and

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Speaker 4: housing associations to build houses. So more money going into

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Speaker 4: housing associations and more funding there from the government kind

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Speaker 4: of underpins one of the main parts of history's business.

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Speaker 1: Yeah, indeed, and the best performer on the stock sex

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Speaker 1: hundred at the moment, Sam Onstead, Thank you very much

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Speaker 1: for joining us.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and this market moving headlines.

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