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 1: Let's take a look at some of the stocks on
Speaker 1: the move today here in Europe. I'm Caroline Hedge and
Speaker 1: I'm joined Bubblinberg, reporter of Chloe Malay. Happy Friday, Chloe,
Speaker 1: Happy Friday to almost at the end of the week.
Speaker 1: But actually some huge moves this Friday. In particular Manclaire,
Speaker 1: the kind of fancy clothing brand rising the most since
Speaker 1: September twenty twenty four, has propelled that.
Speaker 3: Yeah, well, it has reported a very very strong earning.
Speaker 3: So the fourth quarter results was significantly ahead of expectations
Speaker 3: for the maker of those high end puffer jackets. There's
Speaker 3: that winter luxury. So there was in particular lot of
Speaker 3: strength in the Chinese market, which is obviously a very
Speaker 3: key market for the luxury sector because it's a massive
Speaker 3: market to begin with, but it's also one that has
Speaker 3: struggled lately, so any indication of it doing better is
Speaker 3: taken very well usually, and so the fact that Montclair
Speaker 3: performs so well in China was seen as very reassuring
Speaker 3: and explains that big boost in the shares that we
Speaker 3: saw this morning, and the US have also driven at
Speaker 3: the shares in other luxury names higher. So we had
Speaker 3: LVMH actually also in the green this morning. Christian do
Speaker 3: you're also in the green, So we are definitely getting
Speaker 3: that kind of reader cross and all of the big
Speaker 3: luxury companies in Europe have now reported. We've just have
Speaker 3: Prada that is left, and so far it's been a
Speaker 3: little bit of a mixed bag.
Speaker 4: Maybe, So we had LVMH issuing.
Speaker 3: Quite a cautious outlook, but then the rest did actually
Speaker 3: pretty well. We had turned around plans and caring and
Speaker 3: barbary starting to pay off. We have the super high
Speaker 3: end market occupied by m IS also still in very
Speaker 3: good shape.
Speaker 4: So we'll have to see how the rest of the
Speaker 4: year it turns out.
Speaker 1: Yeah, absolutely, did you spot that Montclair did make one
Speaker 1: of the uniforms, so one of the teams at the
Speaker 1: Italian Winter Olympics. I did not see that, did you not?
Speaker 1: Team Brazil if you want to look. Yeah, and they
Speaker 1: were obviously kind of large sweeping puffer jackets in kind
Speaker 1: of white and silver. Anyway, there you go a bit
Speaker 1: of fashion on the side, as we see that share
Speaker 1: price increase. Okay, something well, maybe more mundane. Construction firm
Speaker 1: kings Span also up today reporting record revenue. How's that
Speaker 1: come about.
Speaker 3: Yeah, it's a little bit more mundane, but it's actually
Speaker 3: very interesting. So a reported record revenue that is thanks
Speaker 3: to its exposure to data centers. So the data center
Speaker 3: business was very strong and that I was able to
Speaker 3: offset some of the weakness in residential and industrial and markets.
Speaker 3: And it's really interesting because it's part of this broader
Speaker 3: trend that we've seen among industrial companies in Europe where
Speaker 3: they're really benefiting from that exposure to those AI data
Speaker 3: centers and that proving to be a bit of a
Speaker 3: saving grace for them because the rest of their end
Speaker 3: markets are much weaker. So we saw that with the
Speaker 3: French infrastructure firm Vanci for example, the Swedish company Skanska.
Speaker 4: Both of them are involved in.
Speaker 3: Those really big data center and that is really driving
Speaker 3: growth because the housing market, where they're also involved is
Speaker 3: a lot weaker in Europe. It also applies to chemicals firms,
Speaker 3: so we had Seeker, for example, which provides chemicals for
Speaker 3: the construction industry, reporting today as well, and they had
Speaker 3: a really strong margin guidance, and a lot of that
Speaker 3: is being driven by the data center business. So there's
Speaker 3: really this wider trend that we're seeing that is definitely
Speaker 3: worth watching, where the data center exposure is proving to
Speaker 3: be really beneficial for those companies.
Speaker 1: Okay, so that's king Spam. Danone reported higher sales in
Speaker 1: the fourth quarter, and again this is quite interesting. It's
Speaker 1: about nutrition and sort of medical kind of applications for yogurts.
Speaker 4: Yeah.
Speaker 3: Absolutely, so we had the sales coming in higher than expectations,
Speaker 3: and as you mentioned, because of really strong demand for
Speaker 3: medical nutrition products, but then also for high protein products
Speaker 3: with part of this kind of protein craze that we've
Speaker 3: seen lately, and obviously dan On yogurts are very popular.
Speaker 4: But then the shows were a little bit weaker this morning.
Speaker 3: That is because volumes actually missed, so sales beat the
Speaker 3: volumes missed. And then there's also this continued impact of
Speaker 3: this infant formula recause that is still very much dominating
Speaker 3: the conversation, and the company said there will be no
Speaker 3: material financial impact for this year, but then mentioned a
Speaker 3: potential impact on sales of about one percent in the
Speaker 3: first quarter, so that might be weighing on the shares
Speaker 3: a little bit, and lets are saying that overall this
Speaker 3: is actually really solid results. The ana RBC said that
Speaker 3: this was an exemplary set of results from one of
Speaker 3: the highest quality companies in their coverage. But this infant
Speaker 3: formula issue thistle. This volume weakness is clouding the outlook
Speaker 3: just a little bit, so that might be the focus
Speaker 3: for a little while longer.
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