Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's look at some of the stocks on the move
Speaker 3: today here in Europe. I'm Caroline Hepgar with Tom McKenzie.
Speaker 3: We're joined by Bloomberg and report to Chloie Malay Chloe,
Speaker 3: good morning, some fashion. First, the Indo text there's our
Speaker 3: owner reporting much needed revenue growth.
Speaker 4: Tell us more.
Speaker 1: Yeah, so, very strong sales for Indi Texts, as you said,
Speaker 1: so that really confirmed resilience in the face of much
Speaker 1: weaker consumer sentiment, which is an issue that's of course
Speaker 1: been flagged by some peers in that retail sector. But
Speaker 1: it seems that Inditext has maybe been able to weather
Speaker 1: that challenge a little bit better than competitors, and that
Speaker 1: is providing, as you said, some relief and some reassurance
Speaker 1: for investors after some lackluster performance from ind Texts recently,
Speaker 1: and there had been concerns that the company was losing
Speaker 1: steam and therefore this has been those results have been
Speaker 1: very reassuring and we saw that reflected in those shares
Speaker 1: that moved a much higher this morning, Lara, and Intertext
Speaker 1: as a whole has been facing a lot of quite
Speaker 1: a lot of slow down after reaching very great heights
Speaker 1: during the pandemic when everyone was shopping online. So it's
Speaker 1: also also been facing trade tensions of course, and softer demands,
Speaker 1: so all of those challenges that are facing the retail sector,
Speaker 1: as well as currency headwinds of course.
Speaker 4: But part of the strategy going forward for.
Speaker 1: Intertext is to refocus on the more upmarket segment and
Speaker 1: essentially try to move away from its image as a
Speaker 1: purely fast fashioned brand, which is going to be interesting
Speaker 1: to watch given that its ability to translate trends into
Speaker 1: designs in really really quick record time.
Speaker 4: Is what made it so successful.
Speaker 1: So an interesting move to want to be more in
Speaker 1: that upmarket side of things.
Speaker 4: What's going on with still Atis? Why is it a
Speaker 4: positive and a pretty strong session for stances at the
Speaker 4: car Group. Yeah, so we have two positive things for
Speaker 4: Stilantis this morning.
Speaker 1: So we had a UBS upgrade with and they're saying
Speaker 1: that twenty twenty six will be the year that Stilantis
Speaker 1: is able to make a comeback in North America, which
Speaker 1: is obviously something that has been setting the stage for
Speaker 1: throughout this year. And then there's also been a reported
Speaker 1: plan from a Trump administration to undo fuel efficiency standards
Speaker 1: that were put in place by the Biden administration. And
Speaker 1: so the idea is that these standards, those few efficiency
Speaker 1: standards are driving up the cost of new cars, and
Speaker 1: this is a move that's part of Trump's wider push
Speaker 1: to dismantle policies that he criticizes as an EV mandate.
Speaker 1: The thing is that easing fuel economy requirements is not
Speaker 1: really likely to change much for consumers immediately because carmakers
Speaker 1: are planning their lineups kind of years in advance. But
Speaker 1: shares are moving higher regardless of what they will actually
Speaker 1: mean in practice for Stilantis this morning. So we have
Speaker 1: got that upgrade and that Trump plan and that is
Speaker 1: seen as a positive for the company.
Speaker 3: Okay, so that on EVS, Yeah, which is interesting, isn't it?
Speaker 3: What's been happening on that front in Europe. Let's also
Speaker 3: think about Smith, which is a company based in the UK.
Speaker 3: They make these security scanners. What have they've been saying today?
Speaker 1: So, yeah, so it's an engineering company and they sold
Speaker 1: their Smith's detection unit to a private equity firm CVC.
Speaker 4: For a value of two billion pounds.
Speaker 1: So this Smith Detection unit is one that makes those
Speaker 1: airport scanners where you don't have to take out your liquids,
Speaker 1: So that's what they're primarily known for. And this is
Speaker 1: part of a strategy revamped for the company. And so
Speaker 1: they had four units before and they decided to sell
Speaker 1: two of those and to refocus fully on their core
Speaker 1: industrial operations instead. So last earlily earlier this year, they
Speaker 1: were actually sold Smith Interconnect, which was a division that
Speaker 1: made cables and wiring. But the share move today mostly
Speaker 1: has to do with the fact that the cell price
Speaker 1: was at the top end of expectations for Smith Detect
Speaker 1: and so a big portion of those proceeds will be
Speaker 1: returned to investors, and as saying that this really repositions
Speaker 1: Smith's as a more focused at lina company and that's
Speaker 1: making investors quite happy.
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