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: Let's take a look at some of the stocks on
Speaker 3: the move here in Europe. I'm Caroline Hepgin bringing you
Speaker 3: Bloomberg's Breaking News editor Lubi's Moon for our discussion on
Speaker 3: the stocks moving. Pets at Home. They are detailing their
Speaker 3: turnaround plan. What does it look like?
Speaker 2: So?
Speaker 1: Yes, So this was alongside their results this morning. So
Speaker 1: they kept their goals for the year. That's despite profits
Speaker 1: are sliding, particularly in their retail unit, so sliding heavily,
Speaker 1: but met esmates estimates work relatively low. They've been suffering
Speaker 1: that Pets are Home kind of boomed during COVID and
Speaker 1: since then hasn't been performing as well. So, as you say,
Speaker 1: they've outlined to turn around plan this morning, focusing on
Speaker 1: that retail unit to try and return to growth. So
Speaker 1: and listen saying that they're encouraged by this. They pointed
Speaker 1: to retail trends starting to improve a bit, starting to
Speaker 1: tick higher. So the numbers aren't great, but they're coming
Speaker 1: in line with expectations and looking forward, it seems as
Speaker 1: though things could start to turn around. So shares rose
Speaker 1: on the back of that. They were about six percent
Speaker 1: in morning trading.
Speaker 3: Okay, so that's pets at home and continuing an animal theme,
Speaker 3: We'll never because of this news about lime.
Speaker 1: Disease, Yeah, really interesting. So they've had quite positive data
Speaker 1: from I think it was a mid stage trial, so
Speaker 1: it's not the final trial for a potential vaccine for
Speaker 1: lime disease that's in partnership with Fizer. So shares up
Speaker 1: as much as ten percent on the back of that
Speaker 1: news and Lissa essentially saying that this could support the
Speaker 1: potential for annual protection against lime disease. So the next
Speaker 1: stage is that late stage trial and results for that
Speaker 1: are expected in the first half of next year. And
Speaker 1: there was really a great quote, I thought from one
Speaker 1: analyst saying that this is one of the most compelling
Speaker 1: risk reward catalysts in the europe and biotech space over
Speaker 1: the next six months. We'll be keeping a close eye
Speaker 1: on that, but at the moment, it's looking quite positive
Speaker 1: for that new vaccine to potentially come into play.
Speaker 3: Yeah, line disease is such a horrible, debilitating illness, isn't
Speaker 3: it interesting then on val never and a vaccine maybe WPP. Lastly,
Speaker 3: an exit from the footy today. We have talked about
Speaker 3: WPP in the last couple of weeks the advertising chart.
Speaker 3: What is affecting its share price so well.
Speaker 1: So, I mean there's the rise of AI, there's less
Speaker 1: client spending because of the wider macro environment. There's a
Speaker 1: lot more competition as well in the space, so that's
Speaker 1: been been that's kind of a combination of headwinds for
Speaker 1: WP for a while now. So their share price is
Speaker 1: down more than sixty percent so far this year on
Speaker 1: the back of all those struggles. And yeah, so as
Speaker 1: you say, the latest news is that they're indicated to
Speaker 1: leave the foot Sea hundred, so they're dropped down into
Speaker 1: the foot two to fifty. This is part of the
Speaker 1: quarterly review of the indexes that takes place, so the
Speaker 1: final decision will happen after market close on Decembia, depending
Speaker 1: on share prices, so it's all all done on market cap.
Speaker 1: So WP is set to drop and be replaced by
Speaker 1: British Land that will move up. They've had a strong
Speaker 1: first half. They've been boosted by this as the sector
Speaker 1: kind of widely recovers. So yeah, and an interesting potential movement.
Speaker 1: And i AWPV was a huge powerhouse and it's been
Speaker 1: really lagging in recently, so a big potential dropout.
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