1 00:00:02,520 --> 00:00:07,360 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 00:00:16,480 --> 00:00:17,960 Speaker 3: Now, let's take a look at some of the stocks 5 00:00:17,960 --> 00:00:20,079 Speaker 3: on the move today in Europe. I'm Lizzie Burden with 6 00:00:20,160 --> 00:00:23,240 Speaker 3: Stephen Carroll, and we're joined by Bloomberg's Breaking News editor, 7 00:00:23,360 --> 00:00:27,000 Speaker 3: Louise Moon. Louise, you're having a very French Friday. I 8 00:00:27,120 --> 00:00:30,600 Speaker 3: want to start with Lorel investors deciding its stock isn't 9 00:00:30,800 --> 00:00:32,000 Speaker 3: worth it. 10 00:00:32,000 --> 00:00:34,479 Speaker 1: It's not it seems. Shares were down at one point 11 00:00:34,560 --> 00:00:38,120 Speaker 1: this morning over six percent in Paris for Laurel. That's 12 00:00:38,159 --> 00:00:43,120 Speaker 1: after fourth quarter results. Sales were up, but they missed estimates, 13 00:00:43,159 --> 00:00:45,879 Speaker 1: so they came in weaker than expected. And the thing 14 00:00:45,920 --> 00:00:48,600 Speaker 1: that's really been focused on is their luxury division, which 15 00:00:48,720 --> 00:00:51,840 Speaker 1: is suffering. So they own the likes of long com Ive, 16 00:00:51,840 --> 00:00:55,040 Speaker 1: San Laurn and other luxury brands. They're seeing a lot 17 00:00:55,040 --> 00:00:58,920 Speaker 1: of weakness there, particularly to do with China, the Chinese 18 00:00:59,000 --> 00:01:04,120 Speaker 1: consumer spending. There being a lot weaker for Lorrel if 19 00:01:04,160 --> 00:01:08,040 Speaker 1: you look at Europe and America, the sales their top deestimate, 20 00:01:08,160 --> 00:01:11,360 Speaker 1: so China's really standing out as the weaker point, so 21 00:01:11,440 --> 00:01:16,000 Speaker 1: there's kind of already changing habits. Well, there's already the 22 00:01:16,040 --> 00:01:18,560 Speaker 1: changing habits in terms of spending, and then analysts are 23 00:01:18,600 --> 00:01:22,000 Speaker 1: also noting that there's also on top of that, rising 24 00:01:22,000 --> 00:01:27,120 Speaker 1: competition from Asia in particular Korean and Chinese brands, beauty 25 00:01:27,120 --> 00:01:30,480 Speaker 1: brands in particulars that could also pose an added threat 26 00:01:30,480 --> 00:01:35,920 Speaker 1: as well or already posing a threat. And then back 27 00:01:35,959 --> 00:01:39,240 Speaker 1: to Europe, they are saying that there's still they're still 28 00:01:39,240 --> 00:01:42,679 Speaker 1: cautious about European demand for the year ahead. So even 29 00:01:42,720 --> 00:01:44,880 Speaker 1: though Europe's, you know, one of the stronger regions at 30 00:01:44,920 --> 00:01:47,440 Speaker 1: the moment, there could still be some some rockiness ahead. 31 00:01:47,440 --> 00:01:51,320 Speaker 1: But yeah, at the moment, weakness in luxury, particularly in China, 32 00:01:51,400 --> 00:01:53,480 Speaker 1: weighing on loreal okay. 33 00:01:53,200 --> 00:01:55,120 Speaker 4: And staying as France, as Lizzie mentioned, we're going to 34 00:01:55,120 --> 00:01:58,960 Speaker 4: turn into the tech sector and cap Gemini results out. 35 00:01:59,240 --> 00:02:02,000 Speaker 4: This is an interesting one because they're on sort of 36 00:02:02,040 --> 00:02:04,200 Speaker 4: one side of the AI as good AI as bad 37 00:02:04,280 --> 00:02:05,880 Speaker 4: story that we've been telling everywhere else. 38 00:02:06,360 --> 00:02:08,679 Speaker 1: Indeed, yeah, so if you look back at their share price, 39 00:02:08,720 --> 00:02:11,240 Speaker 1: so over the past year, it's down about thirty percent, 40 00:02:12,280 --> 00:02:14,560 Speaker 1: so not performing that well on part of that more recently, 41 00:02:14,600 --> 00:02:17,839 Speaker 1: it's been embroildered that kind of wider software sell off 42 00:02:17,840 --> 00:02:20,600 Speaker 1: to do with AI, to do with fears over these 43 00:02:20,600 --> 00:02:24,680 Speaker 1: companies being vulnerable to the boom and AI AI innovation, 44 00:02:25,919 --> 00:02:30,840 Speaker 1: and then Gemini specifically has also suffered slightly in terms 45 00:02:30,880 --> 00:02:33,680 Speaker 1: of customers spending less. You know, there's more tariff an saturity, 46 00:02:33,760 --> 00:02:36,799 Speaker 1: high interest rates, wide economic slow down, so it's had 47 00:02:37,040 --> 00:02:39,840 Speaker 1: a bit of a double headwind over the past year. 48 00:02:40,280 --> 00:02:44,360 Speaker 1: They had their fourth quarter results this morning and sales 49 00:02:44,400 --> 00:02:48,960 Speaker 1: growth actually beat estimates and people are well, I said people, 50 00:02:48,680 --> 00:02:53,919 Speaker 1: and Lisser noting that it signifies that AI related bookings 51 00:02:53,919 --> 00:02:56,320 Speaker 1: are kind of boosting that so it's seeing a bit 52 00:02:56,360 --> 00:03:00,079 Speaker 1: of benefit coming through. They also had some interest in 53 00:03:00,160 --> 00:03:03,520 Speaker 1: comments from the CEO saying that they're clearly pivoting to 54 00:03:03,880 --> 00:03:07,839 Speaker 1: facilitating AI adoption. That's really the focus. So they're really 55 00:03:07,880 --> 00:03:09,840 Speaker 1: making that clear that is the focus going forward. They 56 00:03:09,880 --> 00:03:13,080 Speaker 1: say that's going to fuel sales this year, drive growth. 57 00:03:14,080 --> 00:03:17,880 Speaker 1: So yeah, and Lissen noting, you know, momentum ahead looks 58 00:03:17,919 --> 00:03:22,760 Speaker 1: quite positive for revenues. It's showing how it plans to 59 00:03:22,840 --> 00:03:28,000 Speaker 1: execute the story around AI, and so shares are reacting positively, 60 00:03:28,000 --> 00:03:30,600 Speaker 1: so that they jumped in morning trading. 61 00:03:30,320 --> 00:03:33,480 Speaker 3: And finally Louis Saffran giving it Surnings targets an upgrade. 62 00:03:33,639 --> 00:03:34,920 Speaker 1: Yeah, she has a rise on the back of this, 63 00:03:34,960 --> 00:03:37,880 Speaker 1: So Saffron that the French aerospace company a nice French 64 00:03:37,920 --> 00:03:40,880 Speaker 1: trio actually today. So they've improved their twenty twenty six 65 00:03:40,880 --> 00:03:45,160 Speaker 1: guidance and they've also upgraded twenty twenty eight targets. They 66 00:03:45,240 --> 00:03:51,080 Speaker 1: say they're accelerating, you know, preparing technology for next generation aircraft. 67 00:03:51,080 --> 00:03:53,280 Speaker 1: And they say the strength of those units so they're 68 00:03:53,320 --> 00:03:56,640 Speaker 1: civil engines and defense segments that they cater both to 69 00:03:57,160 --> 00:03:59,640 Speaker 1: commercial and to military. They say, the strength of that 70 00:03:59,680 --> 00:04:02,440 Speaker 1: shit to help offset the impact from tariffs as well 71 00:04:02,480 --> 00:04:05,520 Speaker 1: as a drag from certain taxes as well. As this 72 00:04:05,560 --> 00:04:08,160 Speaker 1: has really been welcome. So shares up apcent, sort of 73 00:04:08,280 --> 00:04:11,320 Speaker 1: record high if you look back, they've kind of been 74 00:04:11,320 --> 00:04:14,280 Speaker 1: swing really since twenty twenty two on the back of 75 00:04:14,320 --> 00:04:17,640 Speaker 1: the whole wider defense story. But up even more today, 76 00:04:17,800 --> 00:04:18,320 Speaker 1: as I say, to. 77 00:04:18,320 --> 00:04:19,760 Speaker 3: A record high. 78 00:04:20,200 --> 00:04:24,200 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 79 00:04:24,279 --> 00:04:26,880 Speaker 2: us throughout the day for the latest roundup of companies 80 00:04:26,960 --> 00:04:30,040 Speaker 2: making news on Wall Street and for the latest market 81 00:04:30,080 --> 00:04:34,560 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 82 00:04:34,640 --> 00:04:38,120 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 83 00:04:38,200 --> 00:04:39,679 Speaker 2: the Bloomberg Business app.