WEBVTT - Asta Surges, Swatch Rises, Experian Gains 

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

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

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

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<v Speaker 3>Let's take a look at some stocks on the move

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<v Speaker 3>today in Europe. I'm Stephen Carroll with Caroline Hepger and

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<v Speaker 3>we're joined by Bloomberg Spriggini's editor Louise Moon.

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<v Speaker 4>Louise, good morning.

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<v Speaker 3>So we're starting with an impressive debut for Asta Energy.

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<v Speaker 1>Indeed, this is an electrical power equipment firm, so essentially

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<v Speaker 1>they make products that are copper based for the energy transition,

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<v Speaker 1>so very strategically important at the moment, and you can

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<v Speaker 1>see that being fed through into the demand for their IPOs.

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<v Speaker 1>The IPO was fifteen times oversubscribed, so really shows how.

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<v Speaker 4>Much demand there was for that.

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<v Speaker 1>And then, as you say, they've debut today in Frankfurt

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<v Speaker 1>and shares are soaring though, up as much as forty

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<v Speaker 1>six percent this morning. So offer price was twenty nine

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<v Speaker 1>nine fifty euros a share and they opened at forty

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<v Speaker 1>three euros a share, so doing really well in their

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<v Speaker 1>debut over in Germany.

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<v Speaker 4>And then in.

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<v Speaker 1>Terms of kind of the wider listing, context in Europe,

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<v Speaker 1>it follows a few big listings that you know, the years.

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<v Speaker 4>Started off quite well.

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<v Speaker 1>We had CSG in Amsterdam about a week ago that

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<v Speaker 1>was one of Europe's largest in years. So it's another

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<v Speaker 1>bit of a success story. But as I say, this

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<v Speaker 1>is kind of really based around the demand for copper

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<v Speaker 1>products and the energy to transition as the world you know,

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<v Speaker 1>moves more towards electric vehicles and the likes of that.

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<v Speaker 5>Yeah, absolutely so as the energy solutions. Meanwhile, speaking of

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<v Speaker 5>our stocks to watch, we have swatched what's start of interest.

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<v Speaker 1>So to watch shares rising rose the most since October

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<v Speaker 1>this morning. That's after a upbeat growth outlook. So they've

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<v Speaker 1>had a bit of a rebound in demand in the

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<v Speaker 1>second half of twenty twenty five. Following what has been

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<v Speaker 1>a difficult Periodwatch has been grappling with a lot of

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<v Speaker 1>weakness in China, a key market, also declining exports to

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<v Speaker 1>the US after tariffs. Of course, Trump imposed initially imposed

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<v Speaker 1>thirty niner cent tariffs on imports from Switzerland that was

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<v Speaker 1>since reduced to fifteen percent, but still above kind of

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<v Speaker 1>historic Hyes, So this Swatch has been grappling with a

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<v Speaker 1>lot of this and you can see that in their shares.

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<v Speaker 4>Their shares have really fallen.

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<v Speaker 1>In value and they're now among one of the most

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<v Speaker 1>shorted stocks on the wider European benchmark. But this morning

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<v Speaker 1>things were looking more upbeat, and this is saying that

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<v Speaker 1>it's showing encouraging revenue trends, a healthy improvement, and that's

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<v Speaker 1>overshadowing what was actually a miss on operating profits. So

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<v Speaker 1>more positive, more positivity ahead, and that's being the real focus.

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<v Speaker 5>I'm chuckling, Stephen, because I've actually, you know, somewhere in

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<v Speaker 5>a drawer. I'm sure I have a swatch from the

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<v Speaker 5>nineties eighties.

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<v Speaker 4>Possibly is it's back in.

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<v Speaker 3>Straight to vnted with the Yuka and heat to look

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<v Speaker 3>at the value of that. Let's Louise just round off

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<v Speaker 3>then with a look at experience. Their shares up three

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<v Speaker 3>point four percent at the moment.

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<v Speaker 1>In London, Yes, another good story this morning. They're leading

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<v Speaker 1>foot TEO hundred I say, shares up. They announced eight

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<v Speaker 1>a billion dollar buy back. They say they're trading strongly.

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<v Speaker 1>They expect to end the year in what they call

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<v Speaker 1>a favorable leverage position, so that buyback will finish by

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<v Speaker 1>the end of June twenty twenty seven, and shares are

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<v Speaker 1>up on that news.

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<v Speaker 4>It marks a bit of a turnaround.

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<v Speaker 1>Their shares actually fell to a two year low earlier

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<v Speaker 1>this week. They are kind of traditionally usually quite a

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<v Speaker 1>favorite stock among analysts, but investors have said, or we're

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<v Speaker 1>saying are saying, that they are going to suffer as

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<v Speaker 1>AI automates credit scoring. So they're considered among some analysts

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<v Speaker 1>to be an AI loser in one of the analysts words,

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<v Speaker 1>but announced that by back this morning, shares up, and

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<v Speaker 1>I mean, you know, if you look at their ratings,

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<v Speaker 1>the consensus they still got twenty buys compared to two

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<v Speaker 1>cells and consensuses is nearing five four point six four

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<v Speaker 1>among annas, so so high ratings still and that buyback

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<v Speaker 1>news this morning the.

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