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 Hepkin with Lizzie Burton.
Speaker 3: We joined by Bloomberg reported Climb Malay. Good morning, Chloe.
Speaker 3: So your Own Next, the CEO has been speaking to Bloomberg.
Speaker 3: The stock is up for the MIAs in three years.
Speaker 4: Why yeah, But it's because really strong results that they
Speaker 4: came out with last night. So they benefited from very
Speaker 4: strong trading volumes because of course all of the market
Speaker 4: volatility that we've seen recently, and also a very good
Speaker 4: performance from the Greek Stock.
Speaker 1: Exchange that they bought just last year.
Speaker 4: And so Jeffrey's analyst said that Your Next remains the
Speaker 4: best story in European exchanges, so there's a lot of
Speaker 4: optimism around that stock. What they've said about the trading
Speaker 4: volumes that echoes what we've heard from other change operators,
Speaker 4: like the London Stock Exchange Group, for example, which said
Speaker 4: that it also had seen some very heavy trading volumes
Speaker 4: and that would boost the outlook.
Speaker 1: The CEO of.
Speaker 4: Urinext said that the market had kind of pivoted towards
Speaker 4: thinking that the war and Iran will maybe last a
Speaker 4: bit longer then expected, and so that Europe was benefiting
Speaker 4: from that search of diversification from investors because they essentially
Speaker 4: see Europe as a little bit less exposed to the conflict,
Speaker 4: and so that's apparently boosted Urinex.
Speaker 1: Another thing to note when it comes to.
Speaker 4: Their company is the potential disruption from the anthropic Mythos
Speaker 4: model as well, given that European institutions remained kind of
Speaker 4: largely locked out of access to that model. But the
Speaker 4: CEO said that he was putting in place alliances in
Speaker 4: partnerships with other non US players that are facing the
Speaker 4: same issues. But overall we're seeing those results really boost
Speaker 4: the stock that morning.
Speaker 3: This morning and Chloe were just talking about retail in
Speaker 3: depth when it comes to the supermarkets, M and S
Speaker 3: actually doing better than feared.
Speaker 4: Yeah, doing quite well and seems to be very much
Speaker 4: back on track after the major cyber attack that they
Speaker 4: suffered from last year, which had really paralyzed online sales
Speaker 4: for I think four months. So they said that it
Speaker 4: expects profit to exceed the level that they had seen
Speaker 4: before the attack, and that was already the highest level
Speaker 4: in more than fifteen years, so going even beyond that,
Speaker 4: and it looks like both the food segment and the
Speaker 4: fashion segment are doing quite well. The food in particular
Speaker 4: is in good shape and it seems that the turnaround
Speaker 4: under the CEO is working. The plan is to double
Speaker 4: online sales, so as part of that, it bought a
Speaker 4: logistics squarehouse from ESOS earlier this month. It also plans
Speaker 4: to expand overseas and we've seen that expansion in the
Speaker 4: US and in Australia, and also having a partnership with
Speaker 4: Zelando to speed up delivery to European customers. So it's
Speaker 4: doing quite well in terms of getting those things on track.
Speaker 4: There's still the issue of obviously quite weak consumer confidence
Speaker 4: in the UK, the impact of higher energy prices, higher
Speaker 4: shipping costs because of the war. But the turnoverall was
Speaker 4: quite positive from m ands and so we've seen the
Speaker 4: chairs up quite strongly this morning.
Speaker 3: Okay, so that's from the retail sector. What about the
Speaker 3: disfense and industrial firm CSG with earnings out today.
Speaker 4: Yeah, it's quite interesting. So this is a company that
Speaker 4: was listed at the start of this year.
Speaker 1: It was delunked.
Speaker 4: Yeah, yeah, it was the largest ever IPO of a
Speaker 4: defense company. But chairs yeah, really struggled, tumbled as soon
Speaker 4: as they were listed, and then it's really interesting that
Speaker 4: they were doing quite well today on the back, as
Speaker 4: you said, of the earnings. So strong earnings, a strong
Speaker 4: order book, bright outlook for the year ahead, but then
Speaker 4: also potentially some deals in the making. So the CFO
Speaker 4: said that the company was monitoring multiple acquisition targets, but
Speaker 4: declined to elaborate any further. There's actually been reports this
Speaker 4: month that CSG had approached the family that owns the
Speaker 4: tank maker.
Speaker 1: K NDS with an offer to buy a stake.
Speaker 4: The CFO refused to comment on that specific report, but
Speaker 4: there's a sense that big deals might be in the pipeline,
Speaker 4: and that, coupled with the strong earnings that is leading
Speaker 4: the stock hire.
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