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
00:00:16,680 --> 00:00:19,079
Speaker 3: Let's take a look at some stocks on the move

5
00:00:19,120 --> 00:00:21,680
Speaker 3: today in Europe. I'm Tom McKenzie with Caroline Hepker. We'll

6
00:00:21,720 --> 00:00:25,600
Speaker 3: join now by Bloomberg Markets Today editor Mowena conyem Mona.

7
00:00:25,960 --> 00:00:29,720
Speaker 3: Let's start with retail, then JD Sports attempting comeback then

8
00:00:30,000 --> 00:00:31,200
Speaker 3: in the second half.

9
00:00:31,720 --> 00:00:34,320
Speaker 4: Well, yes, I think the key thing here is it's

10
00:00:34,440 --> 00:00:38,199
Speaker 4: not as bad as was feared, particularly for its US division.

11
00:00:39,360 --> 00:00:40,880
Speaker 1: You know, they gave an update today.

12
00:00:41,159 --> 00:00:44,960
Speaker 4: They've said that they're expecting their full year profit to

13
00:00:45,000 --> 00:00:50,120
Speaker 4: be in line with market expectations. And actually the decline

14
00:00:50,240 --> 00:00:53,279
Speaker 4: sales in the US hasn't been as bad as people expected,

15
00:00:53,640 --> 00:00:56,200
Speaker 4: and sometimes that's all you can really hope for. People

16
00:00:56,240 --> 00:00:58,680
Speaker 4: have been really worried about JD Sports. It is quite

17
00:00:58,680 --> 00:01:01,360
Speaker 4: exposed to the US market. It a lot of involvement

18
00:01:01,400 --> 00:01:04,640
Speaker 4: with Nike, but also it's you know, one of its

19
00:01:04,680 --> 00:01:09,400
Speaker 4: biggest markets, and with those tariffs that we've seen coming

20
00:01:09,400 --> 00:01:11,680
Speaker 4: from the US, there's been a lot of anxiety this year.

21
00:01:11,840 --> 00:01:14,200
Speaker 4: So really just coming out and saying things are kind

22
00:01:14,240 --> 00:01:18,360
Speaker 4: of okay and they're going on course is being taken

23
00:01:18,400 --> 00:01:22,080
Speaker 4: well by the market. To take a JD Ford sash ln,

24
00:01:22,760 --> 00:01:26,559
Speaker 4: we're seeing that stock up as much as five point

25
00:01:26,560 --> 00:01:28,840
Speaker 4: five percent today, is still up four point eight percent

26
00:01:29,040 --> 00:01:33,600
Speaker 4: right now, and you know that's really a good outcome,

27
00:01:33,800 --> 00:01:38,040
Speaker 4: especially you know, on a day where consumer stocks over

28
00:01:38,080 --> 00:01:41,440
Speaker 4: all aren't doing so well. Shares are actually one of

29
00:01:41,480 --> 00:01:43,199
Speaker 4: you the best performers on the foot see one hundred

30
00:01:43,240 --> 00:01:43,640
Speaker 4: to day two.

31
00:01:44,000 --> 00:01:44,360
Speaker 1: Yeah.

32
00:01:44,400 --> 00:01:50,480
Speaker 5: Absolutely, so that from JD Sports interesting. The other major

33
00:01:50,520 --> 00:01:54,600
Speaker 5: story this morning, though, has been around the pressure again

34
00:01:54,720 --> 00:01:59,040
Speaker 5: on the consumer in Britain. The national grid up this

35
00:01:59,160 --> 00:02:04,280
Speaker 5: morning after gems price cap changes. Why has it actually

36
00:02:04,280 --> 00:02:06,600
Speaker 5: helped investors moods? Because I don't think it will help

37
00:02:06,640 --> 00:02:07,680
Speaker 5: consumers mood.

38
00:02:08,600 --> 00:02:11,880
Speaker 4: Well, I think God to remember, I think who's paying

39
00:02:11,880 --> 00:02:15,280
Speaker 4: the bills and who's getting their bills paid, And it's

40
00:02:15,280 --> 00:02:20,640
Speaker 4: the utility providers who will benefit from having those higher

41
00:02:20,720 --> 00:02:23,839
Speaker 4: bills allowed. I mean, of course it is reflective of

42
00:02:23,919 --> 00:02:27,359
Speaker 4: their cost being higher, and it's also going to help

43
00:02:27,480 --> 00:02:30,880
Speaker 4: vulnerable homes. Having the government having sort of you turned

44
00:02:30,919 --> 00:02:35,480
Speaker 4: on some of those winter fuel cut fuel allowance cuts

45
00:02:35,520 --> 00:02:37,679
Speaker 4: means that there is going to need to be a

46
00:02:37,680 --> 00:02:40,600
Speaker 4: bit more money to support some of those homes. But

47
00:02:40,680 --> 00:02:43,840
Speaker 4: it's generally sort of going down well with the market

48
00:02:43,880 --> 00:02:45,760
Speaker 4: when it comes to utility firms. So yeah, we've got

49
00:02:45,840 --> 00:02:49,120
Speaker 4: National grid shares up about one point nine percent at

50
00:02:49,120 --> 00:02:49,480
Speaker 4: the moment.

51
00:02:49,560 --> 00:02:51,440
Speaker 1: That's enng forward slash l N.

52
00:02:52,280 --> 00:02:56,240
Speaker 4: But also other power suppliers such as SSE and water

53
00:02:56,280 --> 00:02:59,799
Speaker 4: firms seven Chrinity United utilities are all performing today and

54
00:03:00,440 --> 00:03:02,600
Speaker 4: very outperforming the foot Sea one hundred, and I think

55
00:03:02,600 --> 00:03:05,640
Speaker 4: that's particularly interesting. We are in a very sort of

56
00:03:06,160 --> 00:03:09,000
Speaker 4: risk one day. The market is quite bullish overall, and

57
00:03:09,040 --> 00:03:12,880
Speaker 4: that means that utilities usually don't perform so well because

58
00:03:12,880 --> 00:03:15,080
Speaker 4: they're being seen as being these kind of reliable but

59
00:03:15,120 --> 00:03:18,120
Speaker 4: not very exciting companies, so they tend to outperform when

60
00:03:18,160 --> 00:03:20,160
Speaker 4: things are down and like when things are up. So

61
00:03:20,200 --> 00:03:22,160
Speaker 4: actually the fact that they're outperforming today I think is

62
00:03:22,240 --> 00:03:23,000
Speaker 4: quite significant.

63
00:03:23,200 --> 00:03:26,280
Speaker 5: I suppose that's because the industry regulator off Germ in

64
00:03:26,320 --> 00:03:29,800
Speaker 5: its announcement today. You know, because it gets to effectively

65
00:03:30,160 --> 00:03:32,720
Speaker 5: set the price for energy, it's allowed that to go

66
00:03:32,800 --> 00:03:36,640
Speaker 5: up by two percent for a typical household for electricity

67
00:03:36,680 --> 00:03:39,800
Speaker 5: and gas. So I think you know, obviously that has

68
00:03:39,880 --> 00:03:40,960
Speaker 5: boiled a lot of the utility.

69
00:03:40,960 --> 00:03:45,200
Speaker 3: It is interesting and Hostgiles make sure price meanwhile has plummeted,

70
00:03:45,360 --> 00:03:46,800
Speaker 3: so it's under a lot of pressure and this is

71
00:03:46,880 --> 00:03:50,360
Speaker 3: after poor guidance. What are the details around this story.

72
00:03:50,840 --> 00:03:56,240
Speaker 4: Yeah, so fairly dramatic drop today from Hostchild. The shares

73
00:03:56,320 --> 00:03:59,200
Speaker 4: in the precious mess As minor have tumbled as much

74
00:03:59,200 --> 00:04:03,160
Speaker 4: as twenty percent and they're stilled down this morning about

75
00:04:03,200 --> 00:04:04,080
Speaker 4: fourteen percent.

76
00:04:04,200 --> 00:04:05,720
Speaker 1: That's HOCl N.

77
00:04:07,160 --> 00:04:10,440
Speaker 4: It really comes down to that underwhelming guidance, particularly one

78
00:04:10,480 --> 00:04:13,160
Speaker 4: of its gold mines in Brazil, the Mara Rosa gold mine.

79
00:04:13,640 --> 00:04:16,400
Speaker 4: They saw a challenging first half due to heavy rainfall

80
00:04:16,560 --> 00:04:18,560
Speaker 4: and some contractor performance issues.

81
00:04:19,400 --> 00:04:20,760
Speaker 1: I think what's important.

82
00:04:20,400 --> 00:04:23,960
Speaker 4: To note here is that Hotshile shares, like many of

83
00:04:24,000 --> 00:04:27,520
Speaker 4: its mining precious metal mining peers, have done really well

84
00:04:27,600 --> 00:04:29,599
Speaker 4: so far this year. We've seen a lot of the

85
00:04:29,640 --> 00:04:34,279
Speaker 4: market going into things like gold in particular, because it's

86
00:04:34,320 --> 00:04:38,839
Speaker 4: seen as being a really good sort of bet against

87
00:04:39,160 --> 00:04:43,040
Speaker 4: market volatility, of which we've seen a lot of and

88
00:04:43,120 --> 00:04:45,120
Speaker 4: so you know, for shares were up over forty percent

89
00:04:45,160 --> 00:04:48,640
Speaker 4: ahead of today's update this year, so there's probably a

90
00:04:48,640 --> 00:04:51,000
Speaker 4: little bit of room for some profit taking to you know,

91
00:04:51,040 --> 00:04:53,760
Speaker 4: a little bit of negative news is going to go

92
00:04:53,800 --> 00:04:56,200
Speaker 4: down really badly with the market for a company that's

93
00:04:56,240 --> 00:04:58,240
Speaker 4: probably its value so highly.

94
00:04:58,839 --> 00:05:02,839
Speaker 2: The stock mover's reap from Bloomberg Radio. Check back with

95
00:05:02,960 --> 00:05:05,520
Speaker 2: us throughout the day for the latest roundup of companies

96
00:05:05,600 --> 00:05:08,680
Speaker 2: making news on Wall Street and for the latest market

97
00:05:08,720 --> 00:05:13,200
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

98
00:05:13,279 --> 00:05:16,760
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

99
00:05:16,839 --> 00:05:18,320
Speaker 2: the Bloomberg Business app.