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 3: Let's take a look at some stocks on the move
Speaker 3: today in Europe. I'm Stephen Carroll and we're joined by
Speaker 3: Bloomberg's Breaking These editor Louise Moon. Louise, good morning. Let's
Speaker 3: start with Volvo Cars. Then, pretty impressive jump in their
Speaker 3: shares currently up thirty five percent. What's going on?
Speaker 1: Indeed, you're absolutely soaring this morning in Stockholm where they're listed.
Speaker 1: So they had their third quarter earnings and essentially best
Speaker 1: than expected profit. But what it really indicates is that
Speaker 1: they're benefiting from fast and expected cost savings. The CEO
Speaker 1: has been ongoing a wide restructuring and this is really
Speaker 1: starting to make an impact with pushing to rebuild profits,
Speaker 1: cutting thousands of jobs as a result of that. And
Speaker 1: analysts is saying it's a clear inflection point, a clear
Speaker 1: inflection point, and it singles out Volvocars from its competitors.
Speaker 1: Good news and move forward and analyster noting you know
Speaker 1: now that there seems to be an inflection point. The
Speaker 1: focus now will be on momentum, pricing pressure, supply chain
Speaker 1: development to continuing that push forward as I say, as
Speaker 1: you say, shares really soaring this morning.
Speaker 3: And shares it moving in a dramatic way in the
Speaker 3: other direction. Dasso system and France dropping by the most
Speaker 3: since two thousand and two, now down almost seventeen percent
Speaker 3: in Paris.
Speaker 1: Indeed trading at their lower since April twenty twenty. They
Speaker 1: lowered their full year revenue forecast. This is on the
Speaker 1: back of Anlysser noting third quarter growth trends are weakening.
Speaker 1: You know, one of the key problems here is is
Speaker 1: that they're struggling really with the migration to subscriptions. This
Speaker 1: is obviously that their software firm. There was a bigger
Speaker 1: guidance cut than was expected, so it's essentially kind of
Speaker 1: raising concerns about growth. Alys also noting that, you know,
Speaker 1: the stock is at a valuation discount to Peers, and
Speaker 1: they're also on top of that kind of delivering blow
Speaker 1: average growth, So they're saying that they need better financial
Speaker 1: messaging and improvements in the execution to close that gap
Speaker 1: with Peers. So disappointing guidance cut there.
Speaker 3: Okay, and we're coming back to the UK for our
Speaker 3: last chair that you've been watching, Louise, and this is
Speaker 3: another big gainer up eleven percent. Rental Kill.
Speaker 1: Yes, the pest control firm which I always like to
Speaker 1: talk about Cherry exactly slightly different, but it's actually it's
Speaker 1: a blue tip in London. It's leading the Footsie one
Speaker 1: hundred this morning, so huge gains. As you say, this
Speaker 1: is on the back of their third course of results.
Speaker 1: They had better than expected revenue driven by their US
Speaker 1: business and the rest of their business you know globally
Speaker 1: also came in quite well. It was quite quite solid
Speaker 1: earnings from them. Quite a shot in the arm really
Speaker 1: that their stock hasn't really gained much at all this year,
Speaker 1: and that follows on from three straight years of declines
Speaker 1: in their stock. So a shot on the arm this
Speaker 1: morning with those gains singling. You know, they're getting back
Speaker 1: on track. They're in the right direction. They maintain their
Speaker 1: full ye outlook. So a glimmer of light for the
Speaker 1: past control firm rent to cover.
Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us
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