Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Now, let's take a look at some of the stocks
Speaker 3: on the move today in Europe. I'm Lizzie Burden with
Speaker 3: Stephen Carroll, and we're joined by Bloomberg's Breaking News editor,
Speaker 3: Louise Moon. Louise, you're having a very French Friday. I
Speaker 3: want to start with Lorel investors deciding its stock isn't
Speaker 3: worth it.
Speaker 1: It's not it seems. Shares were down at one point
Speaker 1: this morning over six percent in Paris for Laurel. That's
Speaker 1: after fourth quarter results. Sales were up, but they missed estimates,
Speaker 1: so they came in weaker than expected. And the thing
Speaker 1: that's really been focused on is their luxury division, which
Speaker 1: is suffering. So they own the likes of long com Ive,
Speaker 1: San Laurn and other luxury brands. They're seeing a lot
Speaker 1: of weakness there, particularly to do with China, the Chinese
Speaker 1: consumer spending. There being a lot weaker for Lorrel if
Speaker 1: you look at Europe and America, the sales their top deestimate,
Speaker 1: so China's really standing out as the weaker point, so
Speaker 1: there's kind of already changing habits. Well, there's already the
Speaker 1: changing habits in terms of spending, and then analysts are
Speaker 1: also noting that there's also on top of that, rising
Speaker 1: competition from Asia in particular Korean and Chinese brands, beauty
Speaker 1: brands in particulars that could also pose an added threat
Speaker 1: as well or already posing a threat. And then back
Speaker 1: to Europe, they are saying that there's still they're still
Speaker 1: cautious about European demand for the year ahead. So even
Speaker 1: though Europe's, you know, one of the stronger regions at
Speaker 1: the moment, there could still be some some rockiness ahead.
Speaker 1: But yeah, at the moment, weakness in luxury, particularly in China,
Speaker 1: weighing on loreal okay.
Speaker 4: And staying as France, as Lizzie mentioned, we're going to
Speaker 4: turn into the tech sector and cap Gemini results out.
Speaker 4: This is an interesting one because they're on sort of
Speaker 4: one side of the AI as good AI as bad
Speaker 4: story that we've been telling everywhere else.
Speaker 1: Indeed, yeah, so if you look back at their share price,
Speaker 1: so over the past year, it's down about thirty percent,
Speaker 1: so not performing that well on part of that more recently,
Speaker 1: it's been embroildered that kind of wider software sell off
Speaker 1: to do with AI, to do with fears over these
Speaker 1: companies being vulnerable to the boom and AI AI innovation,
Speaker 1: and then Gemini specifically has also suffered slightly in terms
Speaker 1: of customers spending less. You know, there's more tariff an saturity,
Speaker 1: high interest rates, wide economic slow down, so it's had
Speaker 1: a bit of a double headwind over the past year.
Speaker 1: They had their fourth quarter results this morning and sales
Speaker 1: growth actually beat estimates and people are well, I said people,
Speaker 1: and Lisser noting that it signifies that AI related bookings
Speaker 1: are kind of boosting that so it's seeing a bit
Speaker 1: of benefit coming through. They also had some interest in
Speaker 1: comments from the CEO saying that they're clearly pivoting to
Speaker 1: facilitating AI adoption. That's really the focus. So they're really
Speaker 1: making that clear that is the focus going forward. They
Speaker 1: say that's going to fuel sales this year, drive growth.
Speaker 1: So yeah, and Lissen noting, you know, momentum ahead looks
Speaker 1: quite positive for revenues. It's showing how it plans to
Speaker 1: execute the story around AI, and so shares are reacting positively,
Speaker 1: so that they jumped in morning trading.
Speaker 3: And finally Louis Saffran giving it Surnings targets an upgrade.
Speaker 1: Yeah, she has a rise on the back of this,
Speaker 1: So Saffron that the French aerospace company a nice French
Speaker 1: trio actually today. So they've improved their twenty twenty six
Speaker 1: guidance and they've also upgraded twenty twenty eight targets. They
Speaker 1: say they're accelerating, you know, preparing technology for next generation aircraft.
Speaker 1: And they say the strength of those units so they're
Speaker 1: civil engines and defense segments that they cater both to
Speaker 1: commercial and to military. They say, the strength of that
Speaker 1: shit to help offset the impact from tariffs as well
Speaker 1: as a drag from certain taxes as well. As this
Speaker 1: has really been welcome. So shares up apcent, sort of
Speaker 1: record high if you look back, they've kind of been
Speaker 1: swing really since twenty twenty two on the back of
Speaker 1: the whole wider defense story. But up even more today,
Speaker 1: as I say, to.
Speaker 3: A record high.
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