WEBVTT - Euronext, M&S, CSG

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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 look at some of the stocks on the move

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<v Speaker 3>today here in Europe. I'm Caroline Hepkin with Lizzie Burton.

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<v Speaker 3>We joined by Bloomberg reported Climb Malay. Good morning, Chloe.

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<v Speaker 3>So your Own Next, the CEO has been speaking to Bloomberg.

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<v Speaker 3>The stock is up for the MIAs in three years.

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<v Speaker 4>Why yeah, But it's because really strong results that they

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<v Speaker 4>came out with last night. So they benefited from very

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<v Speaker 4>strong trading volumes because of course all of the market

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<v Speaker 4>volatility that we've seen recently, and also a very good

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<v Speaker 4>performance from the Greek Stock.

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<v Speaker 1>Exchange that they bought just last year.

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<v Speaker 4>And so Jeffrey's analyst said that Your Next remains the

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<v Speaker 4>best story in European exchanges, so there's a lot of

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<v Speaker 4>optimism around that stock. What they've said about the trading

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<v Speaker 4>volumes that echoes what we've heard from other change operators,

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<v Speaker 4>like the London Stock Exchange Group, for example, which said

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<v Speaker 4>that it also had seen some very heavy trading volumes

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<v Speaker 4>and that would boost the outlook.

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<v Speaker 1>The CEO of.

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<v Speaker 4>Urinext said that the market had kind of pivoted towards

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<v Speaker 4>thinking that the war and Iran will maybe last a

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<v Speaker 4>bit longer then expected, and so that Europe was benefiting

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<v Speaker 4>from that search of diversification from investors because they essentially

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<v Speaker 4>see Europe as a little bit less exposed to the conflict,

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<v Speaker 4>and so that's apparently boosted Urinex.

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<v Speaker 1>Another thing to note when it comes to.

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<v Speaker 4>Their company is the potential disruption from the anthropic Mythos

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<v Speaker 4>model as well, given that European institutions remained kind of

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<v Speaker 4>largely locked out of access to that model. But the

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<v Speaker 4>CEO said that he was putting in place alliances in

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<v Speaker 4>partnerships with other non US players that are facing the

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<v Speaker 4>same issues. But overall we're seeing those results really boost

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<v Speaker 4>the stock that morning.

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<v Speaker 3>This morning and Chloe were just talking about retail in

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<v Speaker 3>depth when it comes to the supermarkets, M and S

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<v Speaker 3>actually doing better than feared.

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<v Speaker 4>Yeah, doing quite well and seems to be very much

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<v Speaker 4>back on track after the major cyber attack that they

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<v Speaker 4>suffered from last year, which had really paralyzed online sales

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<v Speaker 4>for I think four months. So they said that it

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<v Speaker 4>expects profit to exceed the level that they had seen

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<v Speaker 4>before the attack, and that was already the highest level

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<v Speaker 4>in more than fifteen years, so going even beyond that,

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<v Speaker 4>and it looks like both the food segment and the

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<v Speaker 4>fashion segment are doing quite well. The food in particular

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<v Speaker 4>is in good shape and it seems that the turnaround

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<v Speaker 4>under the CEO is working. The plan is to double

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<v Speaker 4>online sales, so as part of that, it bought a

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<v Speaker 4>logistics squarehouse from ESOS earlier this month. It also plans

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<v Speaker 4>to expand overseas and we've seen that expansion in the

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<v Speaker 4>US and in Australia, and also having a partnership with

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<v Speaker 4>Zelando to speed up delivery to European customers. So it's

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<v Speaker 4>doing quite well in terms of getting those things on track.

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<v Speaker 4>There's still the issue of obviously quite weak consumer confidence

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<v Speaker 4>in the UK, the impact of higher energy prices, higher

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<v Speaker 4>shipping costs because of the war. But the turnoverall was

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<v Speaker 4>quite positive from m ands and so we've seen the

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<v Speaker 4>chairs up quite strongly this morning.

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<v Speaker 3>Okay, so that's from the retail sector. What about the

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<v Speaker 3>disfense and industrial firm CSG with earnings out today.

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<v Speaker 4>Yeah, it's quite interesting. So this is a company that

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<v Speaker 4>was listed at the start of this year.

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<v Speaker 1>It was delunked.

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<v Speaker 4>Yeah, yeah, it was the largest ever IPO of a

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<v Speaker 4>defense company. But chairs yeah, really struggled, tumbled as soon

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<v Speaker 4>as they were listed, and then it's really interesting that

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<v Speaker 4>they were doing quite well today on the back, as

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<v Speaker 4>you said, of the earnings. So strong earnings, a strong

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<v Speaker 4>order book, bright outlook for the year ahead, but then

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<v Speaker 4>also potentially some deals in the making. So the CFO

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<v Speaker 4>said that the company was monitoring multiple acquisition targets, but

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<v Speaker 4>declined to elaborate any further. There's actually been reports this

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<v Speaker 4>month that CSG had approached the family that owns the

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<v Speaker 4>tank maker.

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<v Speaker 1>K NDS with an offer to buy a stake.

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<v Speaker 4>The CFO refused to comment on that specific report, but

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<v Speaker 4>there's a sense that big deals might be in the pipeline,

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<v Speaker 4>and that, coupled with the strong earnings that is leading

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<v Speaker 4>the stock hire.

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<v Speaker 2>This morning the Stock Movers Report from Bloomberg Radio. Check

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