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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News, The.

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

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

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Speaker 1: Let's take a look at some stocks on the move

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Speaker 1: today in your I'm Tom McKenzie with Caroline Hepcat. We're

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Speaker 1: joined by Bloomberg's Kit Reese to walk through some of

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Speaker 1: the names on the move. It's been a rough open,

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Speaker 1: as we've been talking about for the Cat curin over

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Speaker 1: in France, particularly the banking sector under pressure, seeing some

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Speaker 1: pretty sizable declients from the likes of BNP Pariba. Talk

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Speaker 1: us through who are the biggest losers right now?

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Speaker 3: Yes, so it's those banking stocks really that are seeing

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Speaker 3: another day of pressure after the Prime Minister Francois Berou

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Speaker 3: called a confidence vote. So bank SX SoC Gen, BNP

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Speaker 3: Parabaud done over six percent. Construction firm IPHAJ also done

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Speaker 3: down heavily. So the banking sector includes stocks which are

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Speaker 3: most sensitive to the domestic economy. So we're seeing a

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Speaker 3: lot of political uncertainty now, which isn't great for markets.

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Speaker 3: People don't really like that. There's lots of questions over

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Speaker 3: the budget and spending and this is really interesting because

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Speaker 3: the KAK forty France's benchmark has underperformed pairs this year.

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Speaker 3: It's up only four point three percent versus the stock

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Speaker 3: six hundred over nine percent gain. There's been a lot

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Speaker 3: of optimism over European stocks given infrastructure and defan spending pledges,

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Speaker 3: but French stocks have really missed out. So the political

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Speaker 3: jitters are just adding to this. We've seen losses for

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Speaker 3: a luxury group like luxury stocks like Alvia Matu's huge stocks,

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Speaker 3: also losses for autos on tarifories, so this is all

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Speaker 3: the political warriors are now just blending into all of

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Speaker 3: this sort of negativity that we've seen.

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Speaker 4: Yeah, although interesting that I think French bonds actually quite

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Speaker 4: appealing to some investors, such as Japanese inverssues, because they

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Speaker 4: paid such a significant premium over Japanese bonds and other

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Speaker 4: bonds across Europe. So we're seeing that as a continued

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Speaker 4: story too. When you think about French bonds also moving

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Speaker 4: in response and reaction to these concerns around the French budget.

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Speaker 4: Let's also think about another individual stock though, moves for

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Speaker 4: British American tobacco. As a senior member of the team

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Speaker 4: moves on.

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Speaker 3: Yes, so it's CFO Sarriah Benchik is stepping down. She

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Speaker 3: has only been in the role over a year. She

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Speaker 3: returned to Babat in twenty twenty four from Diazu. Look

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Speaker 3: at the release, there wasn't really any reason given. So

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Speaker 3: the shares are down slightly. They've been on a really

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Speaker 3: big rally head of the Ahead of this announcement they

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Speaker 3: were up about fifty percent, so there's probably a bit

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Speaker 3: of an element of disappointment and profit taking today, but

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Speaker 3: over all the company is going through its turnaround. It's

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Speaker 3: reported recently a strong performance in the US, strong demand

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Speaker 3: for smokeders's products like Vellow nicotine patches. So this is

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Speaker 3: perhaps a little bit of a blip and love to

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Speaker 3: see you know who will replace her going forward.

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Speaker 1: Okay. Another company in focus is Bunzle, which supplies a

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Speaker 1: range of non food consumable products for customers. According to

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Speaker 1: the detail that I have here to talk us through,

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Speaker 1: what's happening with bunsl today.

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Speaker 3: Yes, so it shares up strongly after it gave an update.

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Speaker 3: The main positive reason seems to be that it re

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Speaker 3: reiterated its twenty twenty five outlook and resumed to share

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Speaker 3: buy back. So this is a stock which gave a

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Speaker 3: profit warning back in April and it's sort of huge

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Speaker 3: drop in its shares, so there's probably an element of

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Speaker 3: a relief that we're not getting a repeat of this.

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Speaker 3: The US is its largest business. It's seen a difficult

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Speaker 3: trading backdop there, but there's hope that it's going to

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Speaker 3: see an improvement in the second half of the year.

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Speaker 3: So now investors will probably watching to see if it

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Speaker 3: will deliver on this and whether the shares can climb

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Speaker 3: back after the big losses early in the year.

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Speaker 2: The 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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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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Speaker 3: MHM