1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,920 --> 00:00:18,280 Speaker 3: Now, let's take a look at some of the stocks 5 00:00:18,280 --> 00:00:20,360 Speaker 3: on the move today in Europe. I'm Lizzie Burden with 6 00:00:20,360 --> 00:00:23,320 Speaker 3: Stephen Carroll and were joined by Bloomberg's Breaking News editor 7 00:00:23,640 --> 00:00:27,520 Speaker 3: Louise Moon. Louise, let's start with Standard Chartered. Promising light 8 00:00:27,760 --> 00:00:28,639 Speaker 3: at the end of the tunnel. 9 00:00:29,120 --> 00:00:33,040 Speaker 4: Indeed, yeah, it's not necessarily benefiting their share price too 10 00:00:33,120 --> 00:00:36,479 Speaker 4: much today, kind of fluctuating up and down a bit 11 00:00:36,640 --> 00:00:39,279 Speaker 4: in London this morning and rising over in Hong Kong. 12 00:00:39,280 --> 00:00:41,920 Speaker 4: Obviously sunder Charters is listed in both. This was the 13 00:00:42,000 --> 00:00:44,559 Speaker 4: fourth quarter results, so they were weaker than expected, so 14 00:00:44,800 --> 00:00:47,760 Speaker 4: that side not positive, but as you say, promising things 15 00:00:47,840 --> 00:00:51,040 Speaker 4: are more positive in the future. They gave quite upbeat 16 00:00:51,200 --> 00:00:56,040 Speaker 4: guidance overall. Bloomberg Intelligence says that underscores a solid profitability 17 00:00:56,160 --> 00:00:59,000 Speaker 4: momentum for them, and they also issued a one point 18 00:00:59,040 --> 00:01:02,960 Speaker 4: five billion dollar buy back, so two sets of quite 19 00:01:03,200 --> 00:01:09,440 Speaker 4: good news essentially kind of painting the picture of positivity 20 00:01:09,640 --> 00:01:13,600 Speaker 4: going forward. That's obviously after their CFO quite abruptly left 21 00:01:13,640 --> 00:01:16,959 Speaker 4: earlier this month. He was seen as the inside front 22 00:01:17,000 --> 00:01:19,800 Speaker 4: runner to replace the CEO. Bill Winter's. Bill Winter's obviously 23 00:01:19,959 --> 00:01:21,800 Speaker 4: been there a long term. He's the longest serving boss 24 00:01:21,800 --> 00:01:26,280 Speaker 4: of a UK bank and the and he continues to 25 00:01:26,319 --> 00:01:30,120 Speaker 4: stay exactly so the CFO left at the time on 26 00:01:30,160 --> 00:01:32,120 Speaker 4: the day the shears tumbled quite a bit, kind of 27 00:01:32,200 --> 00:01:37,000 Speaker 4: reversed or slightly unraveled huge gains that Standard Chartered had 28 00:01:37,080 --> 00:01:40,720 Speaker 4: last year. So this update today was kind of seen 29 00:01:40,760 --> 00:01:43,400 Speaker 4: as a bit of a staying the course Standard Chartered, 30 00:01:43,480 --> 00:01:45,959 Speaker 4: you know, positivity going forward. Bill Winter saw the Bloomberg 31 00:01:46,040 --> 00:01:48,320 Speaker 4: TV saying, you know, they're not missing a beat. 32 00:01:48,880 --> 00:01:49,880 Speaker 1: It's full speed ahead. 33 00:01:49,920 --> 00:01:52,320 Speaker 4: They're investing substantially, they're going to set out in new 34 00:01:52,320 --> 00:01:53,120 Speaker 4: strata in May. 35 00:01:53,360 --> 00:01:55,000 Speaker 1: He wants to see it through. As you say, he's 36 00:01:55,600 --> 00:01:56,040 Speaker 1: staying on. 37 00:01:56,440 --> 00:02:00,080 Speaker 4: So, yeah, it seems as though, you know, positivity, but 38 00:02:00,200 --> 00:02:01,120 Speaker 4: Vester's potentially need. 39 00:02:01,000 --> 00:02:03,960 Speaker 1: A bit more convincing here in London as it stands. 40 00:02:04,360 --> 00:02:07,000 Speaker 2: Yeah, indeed, show so nine tens of one percent currently, 41 00:02:07,120 --> 00:02:11,800 Speaker 2: let's go to Spain next and Telefanaica some strengthen key markets, 42 00:02:11,800 --> 00:02:14,080 Speaker 2: helping to offset weakness that they've seen elsewhere. 43 00:02:14,360 --> 00:02:17,639 Speaker 4: Yeah, indeed, they also had their fourth quarter earnings essentially 44 00:02:17,720 --> 00:02:20,200 Speaker 4: kind of came in line as expected, met analyst estimates. 45 00:02:20,680 --> 00:02:23,480 Speaker 4: As you say, so there's growth in Spain and Brazil 46 00:02:24,000 --> 00:02:28,320 Speaker 4: and that helped offset weakness in other European markets, so 47 00:02:28,360 --> 00:02:31,320 Speaker 4: as I say, it came kind of in line. They 48 00:02:31,320 --> 00:02:33,040 Speaker 4: also said that free cash flower this year will be 49 00:02:33,040 --> 00:02:36,320 Speaker 4: about three billion euros, also kind of in line with expectations. 50 00:02:36,760 --> 00:02:40,960 Speaker 4: Shares rose very slightly, but you know, it kind of 51 00:02:41,360 --> 00:02:45,200 Speaker 4: indicates our points to a bit of stability. Having if 52 00:02:45,240 --> 00:02:48,639 Speaker 4: you look back at their stock, they've fallen about fifteen 53 00:02:48,680 --> 00:02:51,560 Speaker 4: percent since they issued a new strategic plan in November 54 00:02:51,639 --> 00:02:53,800 Speaker 4: last year, so it's a bit of even though it's 55 00:02:53,840 --> 00:02:57,040 Speaker 4: in line, it's showing a bit of stability and shares 56 00:02:57,440 --> 00:02:59,959 Speaker 4: rising just slightly on the back of that in morning trading. 57 00:03:00,040 --> 00:03:03,000 Speaker 3: And we've seen some weakness for Unite, an unlikely victim 58 00:03:03,080 --> 00:03:06,080 Speaker 3: of the UK's migration debate across This isn't the Union, 59 00:03:06,200 --> 00:03:07,600 Speaker 3: it's the student accommodation group. 60 00:03:07,840 --> 00:03:12,399 Speaker 4: Yeah, so they have accommodation across the UK for universities predominantly. 61 00:03:12,480 --> 00:03:18,040 Speaker 4: So overall demand fell two kind of key headwinds being one, 62 00:03:18,200 --> 00:03:22,720 Speaker 4: as you say, international demand and two overbuilding in some areas. 63 00:03:22,720 --> 00:03:24,240 Speaker 1: So it's a bit of a mixed set of results. 64 00:03:24,240 --> 00:03:28,240 Speaker 4: So for international applications, they continued assentiity to prove a 65 00:03:28,240 --> 00:03:31,480 Speaker 4: weak spot, so they did grow, but not that well. 66 00:03:31,960 --> 00:03:33,679 Speaker 4: The strength there was China. China was a bit of 67 00:03:33,680 --> 00:03:37,440 Speaker 4: an exception. I think it was bookings for Chinese students 68 00:03:37,560 --> 00:03:40,800 Speaker 4: rose about ten percent to last year. And then aside 69 00:03:40,840 --> 00:03:43,240 Speaker 4: from that, there's some other interesting commentary. They've seen a 70 00:03:43,240 --> 00:03:45,720 Speaker 4: small uptick and students planning to live at home, which 71 00:03:45,760 --> 00:03:49,120 Speaker 4: is quite interesting. And then in terms of the positive 72 00:03:49,200 --> 00:03:52,080 Speaker 4: end of it is that demand was strongest at higher 73 00:03:52,160 --> 00:03:56,640 Speaker 4: quality universities, so UNITE are kind of shifting their portfolio 74 00:03:56,680 --> 00:03:59,960 Speaker 4: to reflect that sty're focusing more on those higher end universe. 75 00:04:00,360 --> 00:04:02,680 Speaker 4: I'd say it was slightly mixed out of results with 76 00:04:02,800 --> 00:04:06,160 Speaker 4: all those different sectors bringing some some interesting kind of 77 00:04:07,240 --> 00:04:11,240 Speaker 4: reflections on what's going on in the in the university world. 78 00:04:11,280 --> 00:04:14,600 Speaker 4: But shares slumped. Barkley saying that NITTOM outlook is challenging. 79 00:04:14,920 --> 00:04:18,159 Speaker 4: JP Morgan saying that the results confirm expectations of a 80 00:04:18,160 --> 00:04:20,279 Speaker 4: bit of a bumpy ride. Are the saying, you know, 81 00:04:20,640 --> 00:04:22,760 Speaker 4: it's enough to maintain quite a cautious stance, So it 82 00:04:22,880 --> 00:04:25,880 Speaker 4: just shows the situation in the university at. 83 00:04:25,839 --> 00:04:27,720 Speaker 1: The moment at how that's reflecting through accommodation. 84 00:04:27,760 --> 00:04:32,000 Speaker 2: Before you know, the Stock Movers report from Bloomberg Radio. 85 00:04:32,520 --> 00:04:34,680 Speaker 2: Check back with us throughout the day for the latest 86 00:04:34,720 --> 00:04:37,919 Speaker 2: roundup of companies making news on Wall Street and for 87 00:04:38,000 --> 00:04:41,960 Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live, 88 00:04:42,360 --> 00:04:45,960 Speaker 2: catch us on YouTube, Bloomberg dot com, and on Applecarplay 89 00:04:45,960 --> 00:04:48,559 Speaker 2: and Android Auto with the Bloomberg Business app.