WEBVTT - Reckitt and Kering Jump, Glencore Rises

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at sam stocks on the mode

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<v Speaker 3>today in Europe. I'm Jacksonders with Caroline Hepka, and we're

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<v Speaker 3>joined by Bloomberg's Breaking News editor Louise Moon. Right, So

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<v Speaker 3>let's begin with the household products company Reckit. How are

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<v Speaker 3>they faring today?

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<v Speaker 4>Quite well?

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<v Speaker 1>So they've had their second called update and essentially showing

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<v Speaker 1>that their transformation that they've been kind of barking on

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<v Speaker 1>for a while is starting to pay off. So sales

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<v Speaker 1>of core Recit, which is now their focus, so things

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<v Speaker 1>like detl Jurex, that rowse four point two percent, which

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<v Speaker 1>is comfortably ahead of estimates. They also maintain therefore your outlook.

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<v Speaker 1>They announce a share by back of five hundred million

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<v Speaker 1>pounds that's over the next year or so. But as

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<v Speaker 1>I say, this is kind of evidence of their turnaround

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<v Speaker 1>paying off. So they've been selling off under performing brands

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<v Speaker 1>and doubling down on their best sellers. So that Core

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<v Speaker 1>Reckit that I mentioned, So if you look into the

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<v Speaker 1>results today germ protection that's led the way kind of

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<v Speaker 1>across sales. And then as well, growth has also been

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<v Speaker 1>driven by emerging markets, so places like China and India,

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<v Speaker 1>but North America also grew in Europe showing signs of improvement.

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<v Speaker 1>So things looking quite positive across the board, and shares

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<v Speaker 1>up about seven percent on the back of that. And

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<v Speaker 1>then also sorry, just worth noting as well that if

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<v Speaker 1>you look into the volumes, that's what's really risen rather

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<v Speaker 1>than rather than the pricing, which is quite encouraging, showing

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<v Speaker 1>that the actual number of sales is more rather than

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<v Speaker 1>just price risers for recits. So quite positive update from

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<v Speaker 1>them today.

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<v Speaker 4>Okay, that's interesting for Recket in terms of the market.

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<v Speaker 4>So things started off fairly brightly in terms of the

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<v Speaker 4>stock six hundred at the start of trading. That seems

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<v Speaker 4>to have faded a little bit, but a really strong

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<v Speaker 4>performance from Coing.

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<v Speaker 1>Indeed, what kind of a similar story really, So this

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<v Speaker 1>is second quarter results, the focus being on Gucci, obviously

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<v Speaker 1>Kerring's largest brand. They account for about half of Kerring's

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<v Speaker 1>overall profit. So Gucci sales top estimate, so they fell

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<v Speaker 1>two percent, but anlyss had expected them to form more

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<v Speaker 1>than three percent, So some positive news there. On Gucci,

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<v Speaker 1>it improved in all regions against the previous quarter, led

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<v Speaker 1>by North America, so better than expected, essentially giving a

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<v Speaker 1>bit of optimism that kind of a long awaited turn

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<v Speaker 1>around at Gucci is starting to take shape and carring

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<v Speaker 1>shares rising as much as ten percent on the back

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<v Speaker 1>of that. As a whole, it's been underperforming rivals for

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<v Speaker 1>quite a few years and that's mainly been down to Gucci,

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<v Speaker 1>So Alyss is saying, you know, there's still more to

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<v Speaker 1>be done for Gucci to reband and for the whole

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<v Speaker 1>group to recover, but this is pointing to some optimism

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<v Speaker 1>there for the overall parent company.

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<v Speaker 3>And finally trading firm glen Core. Their shares are up.

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<v Speaker 1>What's driving that, Yeah, about four point eight percent, five percent.

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<v Speaker 1>This morning they said their trading team made a first

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<v Speaker 1>half profit of three point three billion US dollars, So

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<v Speaker 1>that means it is on track or seems to be

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<v Speaker 1>on track for its best yet ever. The previous record

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<v Speaker 1>is six point four billion US dollars that was in

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<v Speaker 1>twenty twenty two. They so they're saying, yeah, so so

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<v Speaker 1>trading coming at three point three billion US dollars they

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<v Speaker 1>gave for your guidance, which was above expectations. Essentially, all

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<v Speaker 1>of this is showing that or how commodity trading trading

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<v Speaker 1>houses kind of reaping the benefits of energy markets being

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<v Speaker 1>upended by the war. There's also a factor of metal

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<v Speaker 1>prices being buoyed by this boom in AI as well,

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<v Speaker 1>So shares up three percent and mining as a whole

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<v Speaker 1>based on mostly on glen Core, helping to push the

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<v Speaker 1>footy eight hundred hire in trading this morning.

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<v Speaker 4>Mm HM