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 sam stocks on the mode
Speaker 3: today in Europe. I'm Jacksonders with Caroline Hepka, and we're
Speaker 3: joined by Bloomberg's Breaking News editor Louise Moon. Right, So
Speaker 3: let's begin with the household products company Reckit. How are
Speaker 3: they faring today?
Speaker 4: Quite well?
Speaker 1: So they've had their second called update and essentially showing
Speaker 1: that their transformation that they've been kind of barking on
Speaker 1: for a while is starting to pay off. So sales
Speaker 1: of core Recit, which is now their focus, so things
Speaker 1: like detl Jurex, that rowse four point two percent, which
Speaker 1: is comfortably ahead of estimates. They also maintain therefore your outlook.
Speaker 1: They announce a share by back of five hundred million
Speaker 1: pounds that's over the next year or so. But as
Speaker 1: I say, this is kind of evidence of their turnaround
Speaker 1: paying off. So they've been selling off under performing brands
Speaker 1: and doubling down on their best sellers. So that Core
Speaker 1: Reckit that I mentioned, So if you look into the
Speaker 1: results today germ protection that's led the way kind of
Speaker 1: across sales. And then as well, growth has also been
Speaker 1: driven by emerging markets, so places like China and India,
Speaker 1: but North America also grew in Europe showing signs of improvement.
Speaker 1: So things looking quite positive across the board, and shares
Speaker 1: up about seven percent on the back of that. And
Speaker 1: then also sorry, just worth noting as well that if
Speaker 1: you look into the volumes, that's what's really risen rather
Speaker 1: than rather than the pricing, which is quite encouraging, showing
Speaker 1: that the actual number of sales is more rather than
Speaker 1: just price risers for recits. So quite positive update from
Speaker 1: them today.
Speaker 4: Okay, that's interesting for Recket in terms of the market.
Speaker 4: So things started off fairly brightly in terms of the
Speaker 4: stock six hundred at the start of trading. That seems
Speaker 4: to have faded a little bit, but a really strong
Speaker 4: performance from Coing.
Speaker 1: Indeed, what kind of a similar story really, So this
Speaker 1: is second quarter results, the focus being on Gucci, obviously
Speaker 1: Kerring's largest brand. They account for about half of Kerring's
Speaker 1: overall profit. So Gucci sales top estimate, so they fell
Speaker 1: two percent, but anlyss had expected them to form more
Speaker 1: than three percent, So some positive news there. On Gucci,
Speaker 1: it improved in all regions against the previous quarter, led
Speaker 1: by North America, so better than expected, essentially giving a
Speaker 1: bit of optimism that kind of a long awaited turn
Speaker 1: around at Gucci is starting to take shape and carring
Speaker 1: shares rising as much as ten percent on the back
Speaker 1: of that. As a whole, it's been underperforming rivals for
Speaker 1: quite a few years and that's mainly been down to Gucci,
Speaker 1: So Alyss is saying, you know, there's still more to
Speaker 1: be done for Gucci to reband and for the whole
Speaker 1: group to recover, but this is pointing to some optimism
Speaker 1: there for the overall parent company.
Speaker 3: And finally trading firm glen Core. Their shares are up.
Speaker 1: What's driving that, Yeah, about four point eight percent, five percent.
Speaker 1: This morning they said their trading team made a first
Speaker 1: half profit of three point three billion US dollars, So
Speaker 1: that means it is on track or seems to be
Speaker 1: on track for its best yet ever. The previous record
Speaker 1: is six point four billion US dollars that was in
Speaker 1: twenty twenty two. They so they're saying, yeah, so so
Speaker 1: trading coming at three point three billion US dollars they
Speaker 1: gave for your guidance, which was above expectations. Essentially, all
Speaker 1: of this is showing that or how commodity trading trading
Speaker 1: houses kind of reaping the benefits of energy markets being
Speaker 1: upended by the war. There's also a factor of metal
Speaker 1: prices being buoyed by this boom in AI as well,
Speaker 1: So shares up three percent and mining as a whole
Speaker 1: based on mostly on glen Core, helping to push the
Speaker 1: footy eight hundred hire in trading this morning.
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Speaker 4: Mm HM