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 00:00:16,560 --> 00:00:18,160 Speaker 3: Let's take a look at some stocks on the move 5 00:00:18,200 --> 00:00:20,600 Speaker 3: today in Europe. I'm Stephen Carroll and we're joined by 6 00:00:20,600 --> 00:00:24,080 Speaker 3: Bloomberg's Breaking These editor Louise Moon. Louise, good morning. Let's 7 00:00:24,079 --> 00:00:27,120 Speaker 3: start with Volvo Cars. Then, pretty impressive jump in their 8 00:00:27,160 --> 00:00:30,080 Speaker 3: shares currently up thirty five percent. What's going on? 9 00:00:30,480 --> 00:00:34,280 Speaker 1: Indeed, you're absolutely soaring this morning in Stockholm where they're listed. 10 00:00:34,280 --> 00:00:36,560 Speaker 1: So they had their third quarter earnings and essentially best 11 00:00:36,600 --> 00:00:39,680 Speaker 1: than expected profit. But what it really indicates is that 12 00:00:39,720 --> 00:00:43,560 Speaker 1: they're benefiting from fast and expected cost savings. The CEO 13 00:00:43,680 --> 00:00:46,800 Speaker 1: has been ongoing a wide restructuring and this is really 14 00:00:46,800 --> 00:00:49,280 Speaker 1: starting to make an impact with pushing to rebuild profits, 15 00:00:49,320 --> 00:00:52,120 Speaker 1: cutting thousands of jobs as a result of that. And 16 00:00:52,120 --> 00:00:54,880 Speaker 1: analysts is saying it's a clear inflection point, a clear 17 00:00:54,960 --> 00:00:59,480 Speaker 1: inflection point, and it singles out Volvocars from its competitors. 18 00:01:00,080 --> 00:01:03,480 Speaker 1: Good news and move forward and analyster noting you know 19 00:01:03,760 --> 00:01:06,560 Speaker 1: now that there seems to be an inflection point. The 20 00:01:06,600 --> 00:01:10,560 Speaker 1: focus now will be on momentum, pricing pressure, supply chain 21 00:01:10,600 --> 00:01:14,120 Speaker 1: development to continuing that push forward as I say, as 22 00:01:14,160 --> 00:01:16,840 Speaker 1: you say, shares really soaring this morning. 23 00:01:17,200 --> 00:01:19,360 Speaker 3: And shares it moving in a dramatic way in the 24 00:01:19,400 --> 00:01:22,680 Speaker 3: other direction. Dasso system and France dropping by the most 25 00:01:22,720 --> 00:01:26,440 Speaker 3: since two thousand and two, now down almost seventeen percent 26 00:01:26,520 --> 00:01:27,480 Speaker 3: in Paris. 27 00:01:27,640 --> 00:01:31,000 Speaker 1: Indeed trading at their lower since April twenty twenty. They 28 00:01:31,040 --> 00:01:34,600 Speaker 1: lowered their full year revenue forecast. This is on the 29 00:01:34,640 --> 00:01:38,320 Speaker 1: back of Anlysser noting third quarter growth trends are weakening. 30 00:01:39,000 --> 00:01:40,720 Speaker 1: You know, one of the key problems here is is 31 00:01:40,760 --> 00:01:44,560 Speaker 1: that they're struggling really with the migration to subscriptions. This 32 00:01:44,600 --> 00:01:48,280 Speaker 1: is obviously that their software firm. There was a bigger 33 00:01:48,280 --> 00:01:51,600 Speaker 1: guidance cut than was expected, so it's essentially kind of 34 00:01:51,680 --> 00:01:56,240 Speaker 1: raising concerns about growth. Alys also noting that, you know, 35 00:01:56,280 --> 00:02:00,360 Speaker 1: the stock is at a valuation discount to Peers, and 36 00:02:00,400 --> 00:02:02,600 Speaker 1: they're also on top of that kind of delivering blow 37 00:02:02,640 --> 00:02:06,040 Speaker 1: average growth, So they're saying that they need better financial 38 00:02:06,040 --> 00:02:09,240 Speaker 1: messaging and improvements in the execution to close that gap 39 00:02:09,280 --> 00:02:12,880 Speaker 1: with Peers. So disappointing guidance cut there. 40 00:02:13,320 --> 00:02:16,040 Speaker 3: Okay, and we're coming back to the UK for our 41 00:02:16,160 --> 00:02:18,120 Speaker 3: last chair that you've been watching, Louise, and this is 42 00:02:18,120 --> 00:02:20,960 Speaker 3: another big gainer up eleven percent. Rental Kill. 43 00:02:21,520 --> 00:02:25,040 Speaker 1: Yes, the pest control firm which I always like to 44 00:02:25,040 --> 00:02:28,720 Speaker 1: talk about Cherry exactly slightly different, but it's actually it's 45 00:02:28,760 --> 00:02:31,120 Speaker 1: a blue tip in London. It's leading the Footsie one 46 00:02:31,200 --> 00:02:34,440 Speaker 1: hundred this morning, so huge gains. As you say, this 47 00:02:34,480 --> 00:02:35,800 Speaker 1: is on the back of their third course of results. 48 00:02:35,800 --> 00:02:38,840 Speaker 1: They had better than expected revenue driven by their US 49 00:02:38,960 --> 00:02:41,639 Speaker 1: business and the rest of their business you know globally 50 00:02:41,720 --> 00:02:44,280 Speaker 1: also came in quite well. It was quite quite solid 51 00:02:44,960 --> 00:02:47,840 Speaker 1: earnings from them. Quite a shot in the arm really 52 00:02:47,880 --> 00:02:50,560 Speaker 1: that their stock hasn't really gained much at all this year, 53 00:02:50,639 --> 00:02:53,640 Speaker 1: and that follows on from three straight years of declines 54 00:02:53,680 --> 00:02:55,640 Speaker 1: in their stock. So a shot on the arm this 55 00:02:55,720 --> 00:02:58,680 Speaker 1: morning with those gains singling. You know, they're getting back 56 00:02:58,680 --> 00:03:01,120 Speaker 1: on track. They're in the right direction. They maintain their 57 00:03:01,160 --> 00:03:04,960 Speaker 1: full ye outlook. So a glimmer of light for the 58 00:03:05,000 --> 00:03:06,400 Speaker 1: past control firm rent to cover. 59 00:03:07,560 --> 00:03:11,760 Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us 60 00:03:11,840 --> 00:03:14,639 Speaker 2: throughout the day for the latest roundup of companies making 61 00:03:14,680 --> 00:03:18,320 Speaker 2: news on Wall Street and for the latest market moving headlines. 62 00:03:18,520 --> 00:03:22,520 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 63 00:03:22,560 --> 00:03:25,640 Speaker 2: dot com, and on Applecarplay and Android Auto with the 64 00:03:25,680 --> 00:03:27,040 Speaker 2: Bloomberg Business app.