WEBVTT - Frasers Falls, Standard Chartered Declines, Halma Sinks 

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

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

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

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the mid Day and Europe. I'm James Wilcock with Caroline Hepker,

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<v Speaker 3>and we are joined by Bloomberg reporter Chloine Melee Cloy.

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<v Speaker 3>Let's start with fashion topic, clothes of both of our hearts.

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<v Speaker 3>The well known brand Hugo Boss is in the spotlight today.

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<v Speaker 3>Tell us more.

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<v Speaker 1>Yeah, so there's a bit of takeover interest in Hugo Boss.

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<v Speaker 1>So Frasers, which owns brands like Sports Direct, house a

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<v Speaker 1>Fraser Jack Wills already has a stake of about twenty

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<v Speaker 1>six percent in Hugo Boss and has essentially offered to

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<v Speaker 1>buy the rest of it. And so this is an

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<v Speaker 1>unsolicited offer, and Hugo Boss has said that it would

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<v Speaker 1>review it. But and List seem to be saying that

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<v Speaker 1>this is actually quite unlikely to actually happen. This deal

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<v Speaker 1>so JP Morgan and List said the offer was not

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<v Speaker 1>particularly attractive, and Bloomberg Attendents and List said that the

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<v Speaker 1>move was opportunistic and probably will not be accepted by

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<v Speaker 1>shareholders because of the very small premium, so we're talking

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<v Speaker 1>about a four percent premium on the closing price. It's

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<v Speaker 1>also not just a matter of money. It's really unclear

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<v Speaker 1>how Frasers would be able to actually help Yugo Boss

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<v Speaker 1>with its ongoing turnaround. But overall it's not surprising that

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<v Speaker 1>Frasers is doing this. It has a reputation for taking

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<v Speaker 1>stakes in retailers and trying to influence bought decisions and

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<v Speaker 1>the direction that the company is taking. Has done that

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<v Speaker 1>with Booho for example, but with Yugo Boss it's actually

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<v Speaker 1>very unlikely that we'll see, at least at this price,

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<v Speaker 1>a deal actually happening. But in the meantime, Hugo Boss

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<v Speaker 1>shares have seen a bit of a boost on the

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<v Speaker 1>back of that.

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<v Speaker 4>Yeah, it's been really interesting journey for Phrasers Group as

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<v Speaker 4>it has hoovered up, you know, names on the UK

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<v Speaker 4>high street and sort of is quite a dominant player

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<v Speaker 4>now in terms of director consumer sales. I mean yes

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<v Speaker 4>in the sports where, but how they've expanded that into luxury.

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<v Speaker 4>I think it's a really sort of interesting UK high

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<v Speaker 4>street story. I mean, Britain's had a lot of individual

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<v Speaker 4>kind of retail leaders in terms of building retail empires

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<v Speaker 4>based on one person or one family. Anyway, let's think

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<v Speaker 4>about Standard Charter what's the story there.

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<v Speaker 1>Yeah, so the stand Chartered had seed some weakness recently

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<v Speaker 1>because there's been growing concerns around Chinese authorities looking to

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<v Speaker 1>restrict flows and wealth flows from mainland China into Hong Kong.

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<v Speaker 1>And so this is something that would affect banks like

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<v Speaker 1>Standard Chartering in HSBC because they have this big presence

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<v Speaker 1>in Asia and in China in particular. So under the

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<v Speaker 1>new regulation that's being proposed, new investment accounts from mainland

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<v Speaker 1>Chinese clients would go into deposit accounts rather than some

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<v Speaker 1>more lucrative investment products. And so this is something that

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<v Speaker 1>could potentially affect earnings for HSBC and Standard Chartered. And

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<v Speaker 1>it was really seen as a reminder that the wealth

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<v Speaker 1>opportunity in China does have some limitations. But today we

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<v Speaker 1>had JP Morgan analysts actually saying that the sell off

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<v Speaker 1>now creates a compelling entry point for those shares that

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<v Speaker 1>we're seeing that stock rebound on the back of that,

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<v Speaker 1>but we're probably going to see investors remain quite cautious

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<v Speaker 1>on those banks until we get a bit more clarity

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<v Speaker 1>on that regulation.

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<v Speaker 3>And finally, glory tech firm Halma announcing its latest set

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<v Speaker 3>of earnings this morning. How we're investors taking it?

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<v Speaker 1>Yeah, So Hama a slightly niche name. So it's essentially

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<v Speaker 1>a group of companies that make what they call life

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<v Speaker 1>saving technologies. So what that means is things like hazard detectors,

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<v Speaker 1>building sensors, air quality monitors, etc. So it's a company

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<v Speaker 1>that has been doing really well recently. We've seen shares

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<v Speaker 1>really steadily climbing up until today where we've seen quite

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<v Speaker 1>a big drop. And so the issue seems to be

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<v Speaker 1>quite cautious guidance in one area of the business, which

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<v Speaker 1>is the photonics business. So photonics being the optical version

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<v Speaker 1>of electronics about the generation manipulation of light. And that

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<v Speaker 1>photonics business has had been a really bright spot for

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<v Speaker 1>quite a while now because it essentially supplies data center

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<v Speaker 1>customers and they because they need things like high speed

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<v Speaker 1>optical infrastructure for air applications, and so of course, any

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<v Speaker 1>indication of a potential slowdown in something that is related

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<v Speaker 1>to AI to data centers, that's usually taken quite negatively.

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<v Speaker 1>And so this slightly conservative guidance has been reacted to

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<v Speaker 1>in that way for Holmer, but Morgan Stanley Aliss did

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<v Speaker 1>say that it could be just quite a conservative guidance

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<v Speaker 1>and could be actually boosted throughout the year.

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<v Speaker 2>So we'll see the stock movers report from Bloomberg Radio.

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<v Speaker 2>Check back with us throughout the day for the latest

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<v Speaker 2>roundup of companies making news on Wall Street and for

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<v Speaker 2>the latest market moving headlines. Listen to Bloomberg Radio Live,

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