WEBVTT -  M&S Recovery, Tesco Cap, ASML Up 

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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 move today in a year on Tom McKenzie alongside

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<v Speaker 3>carnting Hecker. We can bring in now Bloomberg's Breaking News

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<v Speaker 3>editor Louise Moon and Louise. First up is m Ands

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<v Speaker 3>and it seems to have been finding its growth mojo

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<v Speaker 3>arguably and at least putting behind it a pretty major

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<v Speaker 3>cyber attack.

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<v Speaker 1>Yeah, so this is its four year results. So with

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<v Speaker 1>the cyber attack, essentially driven by the cyber attack, pretax

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<v Speaker 1>profit fell twenty four percent, but they're saying that is

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<v Speaker 1>purely really down to that. So overall results are kind

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<v Speaker 1>of less severe than expected. And then, as you say,

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<v Speaker 1>it expects growth to from now on essentially resume back

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<v Speaker 1>to normal. So the year before Emins had actually hit

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<v Speaker 1>the highest pretext profit in fifteen years, so it's expecting

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<v Speaker 1>things to go back to that. So a bit of

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<v Speaker 1>a blip and essentially has been knocked off course, and

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<v Speaker 1>now it's saying it will be back on course from

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<v Speaker 1>now on. So shares rose actually on the back of that,

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<v Speaker 1>despite that dip so rose as much as five point

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<v Speaker 1>five percent. So as I say, going forward, they there

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<v Speaker 1>was quite fighting talk actually from Stuart match In, the

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<v Speaker 1>CEO in the statement essentially saying they're continuing with their

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<v Speaker 1>turnaround plans that includes a lot more presence online and

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<v Speaker 1>a lot more presence overseas. Did acknowledge obviously there's kind

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<v Speaker 1>of the wider headwinds that's facing retail in terms of

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<v Speaker 1>consumer sentiment, weakening, higher costs obviously because of the Middle East.

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<v Speaker 1>So that was acknowledged, but plowing ahead, he said, sleeves

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<v Speaker 1>are rolled up and growth is going to be back

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<v Speaker 1>on track.

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<v Speaker 4>Okay, so that from Marks and Spencer's, then the high

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<v Speaker 4>street tool store work. Now let's think about supermarkets. What

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<v Speaker 4>have the share prices of supermarkets done in the UK

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<v Speaker 4>with this, you know, really surprising, as Bloomberg's chief UK

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<v Speaker 4>economists Dana Hands have put it in a very surprising

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<v Speaker 4>policy to try to maybe cap get the supermarkets to

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<v Speaker 4>cap prices of basic goods.

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<v Speaker 1>Yeah, so not reacting well really, so shares falling. If

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<v Speaker 1>you look at Tesco's and Sainsbury's both quite heavily in

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<v Speaker 1>the red in trading this morning. As you say, so

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<v Speaker 1>that's Reeves proposing to potentially ask supermarkets to voluntarily freeze

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<v Speaker 1>their food prices and then in return they'd get less

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<v Speaker 1>regulatory burdens. So nothing's been agreed and those food or

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<v Speaker 1>potential food price freezes wouldn't be imposed. But saying that

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<v Speaker 1>Reeves is in talks with the supermarkets. Of course, this

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<v Speaker 1>is all with the wide aim of trying to find

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<v Speaker 1>ways to alleviate the cost of living burden on the

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<v Speaker 1>average brit and Reeves is expected to announce a package

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<v Speaker 1>of measures tomorrow. But this is one of the potential measures.

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<v Speaker 1>As I say, shares falling no surprises. There was a

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<v Speaker 1>very angry reaction from retailers, obviously criticizing Reeves for adding

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<v Speaker 1>another headwinds, so potentially causing loss making in stores they're

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<v Speaker 1>already facing. As I mentioned with m ands, they're already

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<v Speaker 1>facing a lot of headwinds, you know, high cost energy,

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<v Speaker 1>everything else already contend with. So this would be another

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<v Speaker 1>hit to them if and when it happens.

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<v Speaker 3>And on the techfront, you're keeping an eye on ASML.

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<v Speaker 1>Yes, ASML and kind of the wider tech and sem

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<v Speaker 1>conductive space across Europe. So if you look at the

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<v Speaker 1>Eurostos fifty, it's slightly up to day and the biggest

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<v Speaker 1>contributors there is tech stock, so you've got asmls you mentioned,

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<v Speaker 1>You've also got Infinian and then tech Investor Process, so

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<v Speaker 1>a host of big tech names potentially ahead of in

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<v Speaker 1>Nvidio earnings latest day, so a bit of excitement they're

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<v Speaker 1>running through the tech sector. Sales estimated to have grown

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<v Speaker 1>eighty percent, but essentially the focus more is what they're

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<v Speaker 1>going to say for what lies ahead for the techt base,

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<v Speaker 1>So a bit of an indicator as to the health

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<v Speaker 1>of AI more widely. So yeah, that is running through

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<v Speaker 1>markets this morning, and also one of the reasons why

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<v Speaker 1>the foote hundred is underperforming. It hasn't got a lot

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<v Speaker 1>of techtocs, so underperforming there and giving a bit of

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<v Speaker 1>a boost to Europe.

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