WEBVTT - StanChart Dips, SSP Rallies, Big Yellow Slips 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market harnessing the power of Bloomberg Data.

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<v Speaker 3>Now, let's take a look at some of the stocks

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<v Speaker 3>on the mood today here in Europe. I'm Caroline Hepget

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<v Speaker 3>alongside Guy Johnson. I'm enjoyed by Bloomberg's Breaking News editor

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<v Speaker 3>Louise Move. Good morning, Louise Sanded. Chartered slashing roles looking

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<v Speaker 3>to artificial intelligence, perhaps rather clunkily phrased in how they're

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<v Speaker 3>going to do it. But what do investors make of it?

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<v Speaker 4>Well, yes, there's quite a lot for investors to kind

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<v Speaker 4>of digest this morning. To a Santi Charter, as you say,

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<v Speaker 4>there's plans to cut eight thousand support roles, that's by

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<v Speaker 4>twenty thirty and as you are kind of mentioned there,

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<v Speaker 4>that's to scale up the use of AI, or at

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<v Speaker 4>least that's what stand Charted are saying. So Bill Winter's

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<v Speaker 4>the CEO, said it's not cost cutting, it's replacing in

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<v Speaker 4>some cases lower value humor capital with financial capital and

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<v Speaker 4>investment capital that they're putting into the company, saying that

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<v Speaker 4>that will drive productivity improvements. But shares a little change

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<v Speaker 4>both in London and Hong Kong. But as I say,

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<v Speaker 4>there is quite a lot for investors to digest alongside

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<v Speaker 4>this news. So they've got an investor meeting in Hong

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<v Speaker 4>Kong to day outlining all of their kind of medium

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<v Speaker 4>term growth targets essentially in their plans strategy going forward.

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<v Speaker 4>They already had earnings at the end of April hit

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<v Speaker 4>a record high. There, so quite a lot to kind

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<v Speaker 4>of get through. But yeah, that's the key news is

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<v Speaker 4>wanting is those job cuts. But shares so far little

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<v Speaker 4>changed on that news.

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<v Speaker 1>SSP. That's the caging company right.

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<v Speaker 4>Yes, owns Uppercross and a lot of other travel food

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<v Speaker 4>retailers at AMT Coffee and a bunch of other ones.

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<v Speaker 4>Shares up as much as seven point five percent this morning.

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<v Speaker 4>Essentially good first half results, so sales particularly in the UK,

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<v Speaker 4>US and Europe rose and offset some hit that they're

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<v Speaker 4>seeing from the Middle East and travel distruction caused by

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<v Speaker 4>by the Middle East. Obviously there is a bit of

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<v Speaker 4>anceersity there saying that They also cautioned that, you know,

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<v Speaker 4>if things get worse in the Middle least or continued

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<v Speaker 4>for a prolonged period of time, inevitability, inevitably, trading.

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<v Speaker 1>Would be weaker for the full year.

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<v Speaker 4>But and they're saying, you know, this is a solid

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<v Speaker 4>set of results that the outlooks reassuring. Shares have already

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<v Speaker 4>lost quite a lot so far this year, so they're

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<v Speaker 4>saying that that impact from the Middle East has already

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<v Speaker 4>been priced in and it seems manageable going forward.

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<v Speaker 1>So a good set of numbers from them. Okay, so

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<v Speaker 1>that from SSP.

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<v Speaker 3>Meanwhile, Big Yellow sharing their latest results with the market.

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<v Speaker 4>Yeah, also focus kind of on the Middle East and

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<v Speaker 4>that impact, but less good news for Big Yellow.

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<v Speaker 1>So they had their full year results.

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<v Speaker 4>They came yesterday but after the market closed to shares

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<v Speaker 4>obviously reacting this morning, shares are slightly down, so they

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<v Speaker 4>this is over their full year. So they said that

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<v Speaker 4>the first half was dominated by tariffs and uncertainty around tariffs,

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<v Speaker 4>so the first half didn't do so well. Things were

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<v Speaker 4>getting better in the second half, but then stalled in March,

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<v Speaker 4>essentially after the war, so a bit of a setback.

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<v Speaker 4>More recently, they say they haven't been replacing staff of

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<v Speaker 4>left and they'll continue to cut headcount going forward. Also

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<v Speaker 4>going forward, expecting more cost inflation, rent increases, et cetera.

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<v Speaker 4>For their they obviously rent huge spaces and very dependent

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<v Speaker 4>on global movement and people, you know, particularly people moving

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<v Speaker 4>homes globally, so that is hitting their business and hitting

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<v Speaker 4>their share price. She has already fallen more than twenty

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<v Speaker 4>percent this year, and then lower slightly this morning.

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