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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's look at some of the stocks on the move

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Speaker 3: today here in Europe. I'm Caroline Hepgar with Tom McKenzie.

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Speaker 3: We're joined by Bloomberg and report to Chloie Malay Chloe,

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Speaker 3: good morning, some fashion. First, the Indo text there's our

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Speaker 3: owner reporting much needed revenue growth.

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Speaker 4: Tell us more.

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Speaker 1: Yeah, so, very strong sales for Indi Texts, as you said,

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Speaker 1: so that really confirmed resilience in the face of much

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Speaker 1: weaker consumer sentiment, which is an issue that's of course

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Speaker 1: been flagged by some peers in that retail sector. But

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Speaker 1: it seems that Inditext has maybe been able to weather

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Speaker 1: that challenge a little bit better than competitors, and that

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Speaker 1: is providing, as you said, some relief and some reassurance

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Speaker 1: for investors after some lackluster performance from ind Texts recently,

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Speaker 1: and there had been concerns that the company was losing

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Speaker 1: steam and therefore this has been those results have been

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Speaker 1: very reassuring and we saw that reflected in those shares

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Speaker 1: that moved a much higher this morning, Lara, and Intertext

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Speaker 1: as a whole has been facing a lot of quite

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Speaker 1: a lot of slow down after reaching very great heights

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Speaker 1: during the pandemic when everyone was shopping online. So it's

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Speaker 1: also also been facing trade tensions of course, and softer demands,

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Speaker 1: so all of those challenges that are facing the retail sector,

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Speaker 1: as well as currency headwinds of course.

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Speaker 4: But part of the strategy going forward for.

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Speaker 1: Intertext is to refocus on the more upmarket segment and

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Speaker 1: essentially try to move away from its image as a

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Speaker 1: purely fast fashioned brand, which is going to be interesting

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Speaker 1: to watch given that its ability to translate trends into

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Speaker 1: designs in really really quick record time.

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Speaker 4: Is what made it so successful.

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Speaker 1: So an interesting move to want to be more in

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Speaker 1: that upmarket side of things.

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Speaker 4: What's going on with still Atis? Why is it a

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Speaker 4: positive and a pretty strong session for stances at the

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Speaker 4: car Group. Yeah, so we have two positive things for

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Speaker 4: Stilantis this morning.

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Speaker 1: So we had a UBS upgrade with and they're saying

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Speaker 1: that twenty twenty six will be the year that Stilantis

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Speaker 1: is able to make a comeback in North America, which

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Speaker 1: is obviously something that has been setting the stage for

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Speaker 1: throughout this year. And then there's also been a reported

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Speaker 1: plan from a Trump administration to undo fuel efficiency standards

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Speaker 1: that were put in place by the Biden administration. And

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Speaker 1: so the idea is that these standards, those few efficiency

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Speaker 1: standards are driving up the cost of new cars, and

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Speaker 1: this is a move that's part of Trump's wider push

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Speaker 1: to dismantle policies that he criticizes as an EV mandate.

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Speaker 1: The thing is that easing fuel economy requirements is not

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Speaker 1: really likely to change much for consumers immediately because carmakers

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Speaker 1: are planning their lineups kind of years in advance. But

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Speaker 1: shares are moving higher regardless of what they will actually

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Speaker 1: mean in practice for Stilantis this morning. So we have

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Speaker 1: got that upgrade and that Trump plan and that is

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Speaker 1: seen as a positive for the company.

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Speaker 3: Okay, so that on EVS, Yeah, which is interesting, isn't it?

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Speaker 3: What's been happening on that front in Europe. Let's also

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Speaker 3: think about Smith, which is a company based in the UK.

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Speaker 3: They make these security scanners. What have they've been saying today?

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Speaker 1: So, yeah, so it's an engineering company and they sold

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Speaker 1: their Smith's detection unit to a private equity firm CVC.

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Speaker 4: For a value of two billion pounds.

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Speaker 1: So this Smith Detection unit is one that makes those

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Speaker 1: airport scanners where you don't have to take out your liquids,

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Speaker 1: So that's what they're primarily known for. And this is

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Speaker 1: part of a strategy revamped for the company. And so

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Speaker 1: they had four units before and they decided to sell

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Speaker 1: two of those and to refocus fully on their core

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Speaker 1: industrial operations instead. So last earlily earlier this year, they

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Speaker 1: were actually sold Smith Interconnect, which was a division that

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Speaker 1: made cables and wiring. But the share move today mostly

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Speaker 1: has to do with the fact that the cell price

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Speaker 1: was at the top end of expectations for Smith Detect

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Speaker 1: and so a big portion of those proceeds will be

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Speaker 1: returned to investors, and as saying that this really repositions

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Speaker 1: Smith's as a more focused at lina company and that's

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Speaker 1: making investors quite happy.

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Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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