Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: 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 mood today here in Europe. I'm Caroline Hepget
Speaker 3: alongside Guy Johnson. I'm enjoyed by Bloomberg's Breaking News editor
Speaker 3: Louise Move. Good morning, Louise Sanded. Chartered slashing roles looking
Speaker 3: to artificial intelligence, perhaps rather clunkily phrased in how they're
Speaker 3: going to do it. But what do investors make of it?
Speaker 4: Well, yes, there's quite a lot for investors to kind
Speaker 4: of digest this morning. To a Santi Charter, as you say,
Speaker 4: there's plans to cut eight thousand support roles, that's by
Speaker 4: twenty thirty and as you are kind of mentioned there,
Speaker 4: that's to scale up the use of AI, or at
Speaker 4: least that's what stand Charted are saying. So Bill Winter's
Speaker 4: the CEO, said it's not cost cutting, it's replacing in
Speaker 4: some cases lower value humor capital with financial capital and
Speaker 4: investment capital that they're putting into the company, saying that
Speaker 4: that will drive productivity improvements. But shares a little change
Speaker 4: both in London and Hong Kong. But as I say,
Speaker 4: there is quite a lot for investors to digest alongside
Speaker 4: this news. So they've got an investor meeting in Hong
Speaker 4: Kong to day outlining all of their kind of medium
Speaker 4: term growth targets essentially in their plans strategy going forward.
Speaker 4: They already had earnings at the end of April hit
Speaker 4: a record high. There, so quite a lot to kind
Speaker 4: of get through. But yeah, that's the key news is
Speaker 4: wanting is those job cuts. But shares so far little
Speaker 4: changed on that news.
Speaker 1: SSP. That's the caging company right.
Speaker 4: Yes, owns Uppercross and a lot of other travel food
Speaker 4: retailers at AMT Coffee and a bunch of other ones.
Speaker 4: Shares up as much as seven point five percent this morning.
Speaker 4: Essentially good first half results, so sales particularly in the UK,
Speaker 4: US and Europe rose and offset some hit that they're
Speaker 4: seeing from the Middle East and travel distruction caused by
Speaker 4: by the Middle East. Obviously there is a bit of
Speaker 4: anceersity there saying that They also cautioned that, you know,
Speaker 4: if things get worse in the Middle least or continued
Speaker 4: for a prolonged period of time, inevitability, inevitably, trading.
Speaker 1: Would be weaker for the full year.
Speaker 4: But and they're saying, you know, this is a solid
Speaker 4: set of results that the outlooks reassuring. Shares have already
Speaker 4: lost quite a lot so far this year, so they're
Speaker 4: saying that that impact from the Middle East has already
Speaker 4: been priced in and it seems manageable going forward.
Speaker 1: So a good set of numbers from them. Okay, so
Speaker 1: that from SSP.
Speaker 3: Meanwhile, Big Yellow sharing their latest results with the market.
Speaker 4: Yeah, also focus kind of on the Middle East and
Speaker 4: that impact, but less good news for Big Yellow.
Speaker 1: So they had their full year results.
Speaker 4: They came yesterday but after the market closed to shares
Speaker 4: obviously reacting this morning, shares are slightly down, so they
Speaker 4: this is over their full year. So they said that
Speaker 4: the first half was dominated by tariffs and uncertainty around tariffs,
Speaker 4: so the first half didn't do so well. Things were
Speaker 4: getting better in the second half, but then stalled in March,
Speaker 4: essentially after the war, so a bit of a setback.
Speaker 4: More recently, they say they haven't been replacing staff of
Speaker 4: left and they'll continue to cut headcount going forward. Also
Speaker 4: going forward, expecting more cost inflation, rent increases, et cetera.
Speaker 4: For their they obviously rent huge spaces and very dependent
Speaker 4: on global movement and people, you know, particularly people moving
Speaker 4: homes globally, so that is hitting their business and hitting
Speaker 4: their share price. She has already fallen more than twenty
Speaker 4: percent this year, and then lower slightly this morning.
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