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 00:00:16,520 --> 00:00:17,919 Speaker 3: Let's take a look at some of the stocks on 5 00:00:17,960 --> 00:00:21,200 Speaker 3: the move here in Europe. I'm Caroline Hepgin bringing you 6 00:00:21,320 --> 00:00:25,360 Speaker 3: Bloomberg's Breaking News editor Lubi's Moon for our discussion on 7 00:00:25,440 --> 00:00:29,400 Speaker 3: the stocks moving. Pets at Home. They are detailing their 8 00:00:29,440 --> 00:00:31,159 Speaker 3: turnaround plan. What does it look like? 9 00:00:31,680 --> 00:00:31,800 Speaker 2: So? 10 00:00:32,080 --> 00:00:35,199 Speaker 1: Yes, So this was alongside their results this morning. So 11 00:00:35,240 --> 00:00:39,159 Speaker 1: they kept their goals for the year. That's despite profits 12 00:00:39,159 --> 00:00:43,000 Speaker 1: are sliding, particularly in their retail unit, so sliding heavily, 13 00:00:43,040 --> 00:00:46,199 Speaker 1: but met esmates estimates work relatively low. They've been suffering 14 00:00:46,440 --> 00:00:49,280 Speaker 1: that Pets are Home kind of boomed during COVID and 15 00:00:49,320 --> 00:00:51,400 Speaker 1: since then hasn't been performing as well. So, as you say, 16 00:00:51,400 --> 00:00:53,559 Speaker 1: they've outlined to turn around plan this morning, focusing on 17 00:00:53,600 --> 00:00:57,000 Speaker 1: that retail unit to try and return to growth. So 18 00:00:57,040 --> 00:00:59,760 Speaker 1: and listen saying that they're encouraged by this. They pointed 19 00:00:59,800 --> 00:01:03,800 Speaker 1: to retail trends starting to improve a bit, starting to 20 00:01:03,840 --> 00:01:06,720 Speaker 1: tick higher. So the numbers aren't great, but they're coming 21 00:01:06,720 --> 00:01:10,200 Speaker 1: in line with expectations and looking forward, it seems as 22 00:01:10,200 --> 00:01:12,680 Speaker 1: though things could start to turn around. So shares rose 23 00:01:12,680 --> 00:01:14,840 Speaker 1: on the back of that. They were about six percent 24 00:01:15,040 --> 00:01:16,440 Speaker 1: in morning trading. 25 00:01:16,600 --> 00:01:20,880 Speaker 3: Okay, so that's pets at home and continuing an animal theme, 26 00:01:21,400 --> 00:01:25,960 Speaker 3: We'll never because of this news about lime. 27 00:01:25,840 --> 00:01:29,680 Speaker 1: Disease, Yeah, really interesting. So they've had quite positive data 28 00:01:29,880 --> 00:01:31,720 Speaker 1: from I think it was a mid stage trial, so 29 00:01:31,800 --> 00:01:35,480 Speaker 1: it's not the final trial for a potential vaccine for 30 00:01:35,560 --> 00:01:38,600 Speaker 1: lime disease that's in partnership with Fizer. So shares up 31 00:01:38,640 --> 00:01:40,000 Speaker 1: as much as ten percent on the back of that 32 00:01:40,040 --> 00:01:43,080 Speaker 1: news and Lissa essentially saying that this could support the 33 00:01:43,080 --> 00:01:46,399 Speaker 1: potential for annual protection against lime disease. So the next 34 00:01:46,440 --> 00:01:50,440 Speaker 1: stage is that late stage trial and results for that 35 00:01:50,880 --> 00:01:53,560 Speaker 1: are expected in the first half of next year. And 36 00:01:53,560 --> 00:01:55,680 Speaker 1: there was really a great quote, I thought from one 37 00:01:55,720 --> 00:01:58,160 Speaker 1: analyst saying that this is one of the most compelling 38 00:01:58,360 --> 00:02:01,280 Speaker 1: risk reward catalysts in the europe and biotech space over 39 00:02:01,320 --> 00:02:03,840 Speaker 1: the next six months. We'll be keeping a close eye 40 00:02:03,880 --> 00:02:06,560 Speaker 1: on that, but at the moment, it's looking quite positive 41 00:02:06,760 --> 00:02:08,720 Speaker 1: for that new vaccine to potentially come into play. 42 00:02:08,800 --> 00:02:12,079 Speaker 3: Yeah, line disease is such a horrible, debilitating illness, isn't 43 00:02:12,120 --> 00:02:16,840 Speaker 3: it interesting then on val never and a vaccine maybe WPP. Lastly, 44 00:02:17,639 --> 00:02:21,720 Speaker 3: an exit from the footy today. We have talked about 45 00:02:21,919 --> 00:02:24,720 Speaker 3: WPP in the last couple of weeks the advertising chart. 46 00:02:25,639 --> 00:02:28,680 Speaker 3: What is affecting its share price so well. 47 00:02:28,760 --> 00:02:31,640 Speaker 1: So, I mean there's the rise of AI, there's less 48 00:02:31,680 --> 00:02:35,400 Speaker 1: client spending because of the wider macro environment. There's a 49 00:02:35,400 --> 00:02:37,880 Speaker 1: lot more competition as well in the space, so that's 50 00:02:37,960 --> 00:02:42,079 Speaker 1: been been that's kind of a combination of headwinds for 51 00:02:42,240 --> 00:02:45,680 Speaker 1: WP for a while now. So their share price is 52 00:02:45,760 --> 00:02:48,360 Speaker 1: down more than sixty percent so far this year on 53 00:02:48,360 --> 00:02:50,919 Speaker 1: the back of all those struggles. And yeah, so as 54 00:02:50,960 --> 00:02:53,519 Speaker 1: you say, the latest news is that they're indicated to 55 00:02:53,639 --> 00:02:56,280 Speaker 1: leave the foot Sea hundred, so they're dropped down into 56 00:02:56,320 --> 00:02:57,799 Speaker 1: the foot two to fifty. This is part of the 57 00:02:57,880 --> 00:03:00,720 Speaker 1: quarterly review of the indexes that takes place, so the 58 00:03:00,800 --> 00:03:04,920 Speaker 1: final decision will happen after market close on Decembia, depending 59 00:03:04,960 --> 00:03:08,560 Speaker 1: on share prices, so it's all all done on market cap. 60 00:03:09,400 --> 00:03:13,200 Speaker 1: So WP is set to drop and be replaced by 61 00:03:13,280 --> 00:03:17,000 Speaker 1: British Land that will move up. They've had a strong 62 00:03:17,000 --> 00:03:19,040 Speaker 1: first half. They've been boosted by this as the sector 63 00:03:19,120 --> 00:03:24,040 Speaker 1: kind of widely recovers. So yeah, and an interesting potential movement. 64 00:03:24,040 --> 00:03:28,040 Speaker 1: And i AWPV was a huge powerhouse and it's been 65 00:03:28,080 --> 00:03:30,600 Speaker 1: really lagging in recently, so a big potential dropout. 66 00:03:30,360 --> 00:03:35,400 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 67 00:03:35,480 --> 00:03:38,080 Speaker 2: us throughout the day for the latest roundup of companies 68 00:03:38,160 --> 00:03:41,240 Speaker 2: making news on Wall Street and for the latest market 69 00:03:41,280 --> 00:03:45,760 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:45,840 --> 00:03:49,320 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:49,400 --> 00:03:50,880 Speaker 2: the Bloomberg Business app.