1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,360 --> 00:00:17,800 Speaker 3: Let's look at some of the stocks on the move 5 00:00:17,840 --> 00:00:20,279 Speaker 3: today here in Europe. I'm Caroline Hepki with Lizzie Burton, 6 00:00:20,320 --> 00:00:23,160 Speaker 3: and we're joined by Bluebergs Breaking news editor Louise Moon. 7 00:00:23,640 --> 00:00:26,200 Speaker 3: Good morning. It's been a very dramatic start to the 8 00:00:26,280 --> 00:00:29,320 Speaker 3: day for SAP after their results. How did the most 9 00:00:29,440 --> 00:00:32,960 Speaker 3: valuable software company in Europe get to this point quite 10 00:00:33,000 --> 00:00:35,400 Speaker 3: a serious decline in their share price? 11 00:00:35,680 --> 00:00:39,200 Speaker 1: Indeed, yeah, absolutely plunging in Frankfurt today, falling the most 12 00:00:39,240 --> 00:00:43,200 Speaker 1: in over five years. That's after their fourth quarter results 13 00:00:43,200 --> 00:00:46,480 Speaker 1: and essentially the results of spot concern over how much 14 00:00:46,840 --> 00:00:50,400 Speaker 1: AI is going to disrupt the industry, disrupt the software industry. So, 15 00:00:50,560 --> 00:00:55,160 Speaker 1: SAP's cloud backlog, which essentially reflects the sales over the 16 00:00:55,240 --> 00:00:58,200 Speaker 1: next twelve months that will be booked, grew by sixteen percent. 17 00:00:58,800 --> 00:01:01,960 Speaker 1: Now that's a level that their CEO has previously said 18 00:01:02,240 --> 00:01:04,520 Speaker 1: would be a disappointing level. They had been aiming for 19 00:01:04,560 --> 00:01:09,520 Speaker 1: twenty six percent growth. So just in terms of the 20 00:01:09,560 --> 00:01:11,760 Speaker 1: wilder context, So since for the past few years, since 21 00:01:11,800 --> 00:01:16,200 Speaker 1: about twenty twenty, they've been moving to offer software subscriptions 22 00:01:16,240 --> 00:01:20,200 Speaker 1: in the cloud. That's been very welcomed by investors. Their 23 00:01:20,240 --> 00:01:24,240 Speaker 1: share prices has kind of propelled rallied on that. Now 24 00:01:24,360 --> 00:01:26,400 Speaker 1: there are concerns over how much AI is going to 25 00:01:26,440 --> 00:01:29,520 Speaker 1: impact that industry and disrupt it, and we're seeing that 26 00:01:29,640 --> 00:01:32,959 Speaker 1: in those results today. So as I say, shares really 27 00:01:33,000 --> 00:01:35,800 Speaker 1: plunging in Frankfurt on the back of that. On the contrary, though, 28 00:01:36,200 --> 00:01:39,280 Speaker 1: Minus hitting an all time high, think talk us. 29 00:01:39,200 --> 00:01:40,800 Speaker 3: Through the commodity related against Louise. 30 00:01:40,880 --> 00:01:43,520 Speaker 1: Indeed, Yeah, so European mining shares best performers on the 31 00:01:43,520 --> 00:01:47,640 Speaker 1: stock six hundred today, That is after copper posted their 32 00:01:47,640 --> 00:01:50,800 Speaker 1: biggest one day gain in years, hitting record, So it's 33 00:01:50,840 --> 00:01:55,400 Speaker 1: above fourteen thousand dollars a ton. It's all of this 34 00:01:55,520 --> 00:01:59,120 Speaker 1: kind of metals mania that's going on. A wave in 35 00:01:59,160 --> 00:02:02,200 Speaker 1: particular today, a wave of what's thought to be speculative 36 00:02:02,280 --> 00:02:08,440 Speaker 1: trading in in China surging, resulting in that surgeon copper 37 00:02:09,120 --> 00:02:11,840 Speaker 1: that happened essentially at a time of day when Chinese 38 00:02:11,880 --> 00:02:15,400 Speaker 1: traders would dominate those flows, and they're piling into metals 39 00:02:15,400 --> 00:02:19,040 Speaker 1: across the board. Copper as I say, being one of them, 40 00:02:19,440 --> 00:02:21,200 Speaker 1: and they're piling into this kind of a wave of 41 00:02:21,320 --> 00:02:26,120 Speaker 1: momentum around metals, so propelling European mining shares. So if 42 00:02:26,160 --> 00:02:28,720 Speaker 1: you look at the thirty hundred gainers, for example, the 43 00:02:28,800 --> 00:02:31,600 Speaker 1: majority of them are mining companies. You've got riotinto Glencore, 44 00:02:32,760 --> 00:02:37,560 Speaker 1: Anglo American, Antofagasta, all of them posting strong gains and 45 00:02:37,840 --> 00:02:41,639 Speaker 1: really leading the index both in the UK and across Europe. 46 00:02:42,320 --> 00:02:47,720 Speaker 3: Okay, so that's for miners, but Acados shares not delivering 47 00:02:47,760 --> 00:02:51,160 Speaker 3: this morning. What's behind their slide home? No? 48 00:02:51,480 --> 00:02:54,119 Speaker 1: I mean the latest setback for Acado is so their 49 00:02:54,120 --> 00:02:58,240 Speaker 1: Canadian partner, which is their second largest partner, has decided 50 00:02:58,280 --> 00:03:01,800 Speaker 1: to close one of its automated houses. So that's in Calgary. 51 00:03:01,919 --> 00:03:04,160 Speaker 1: They are going to keep two other ones. They're keeping 52 00:03:04,160 --> 00:03:07,200 Speaker 1: one in Toronto and they're keeping one in Montreal, and 53 00:03:07,240 --> 00:03:11,880 Speaker 1: then another one planned for Vancouver is on pause. This 54 00:03:11,919 --> 00:03:15,760 Speaker 1: is due they say, to slower than expected growth in 55 00:03:16,560 --> 00:03:20,480 Speaker 1: for that one in Calgary. They'd entered an agreement with 56 00:03:20,560 --> 00:03:24,200 Speaker 1: a Cardo last year, sorry, in twenty twenty four. And 57 00:03:24,240 --> 00:03:27,000 Speaker 1: as I say, they're they're the second biggest partner. It 58 00:03:27,080 --> 00:03:31,600 Speaker 1: comes after their biggest partner in the US closed three 59 00:03:31,680 --> 00:03:35,760 Speaker 1: warehouses late last year, and it's just being seen as 60 00:03:35,800 --> 00:03:38,680 Speaker 1: the latest setback. It's raising questions about a Cardo's prospect. Obviously, 61 00:03:38,720 --> 00:03:42,560 Speaker 1: in the UK, Acado is mostly known for their delivery services, 62 00:03:42,920 --> 00:03:45,240 Speaker 1: but they've kind of pitched themselves as being the tesla 63 00:03:45,240 --> 00:03:48,520 Speaker 1: of groceries, so that and this is their very kind 64 00:03:48,520 --> 00:03:52,240 Speaker 1: of expensive robot technology and these automated warehouses, and that's 65 00:03:52,360 --> 00:03:55,680 Speaker 1: what they've pitched their future as being. But there's kind 66 00:03:55,720 --> 00:04:00,640 Speaker 1: of increasing skepticism around this as these customers pull back 67 00:04:00,680 --> 00:04:04,600 Speaker 1: and either pause or close or slow down in terms 68 00:04:04,680 --> 00:04:08,480 Speaker 1: of these automated warehouses. So it's looking increasingly challenging and 69 00:04:08,760 --> 00:04:12,360 Speaker 1: shares are down on the back of this today, down 70 00:04:12,560 --> 00:04:15,000 Speaker 1: down today, But then if you look further back, they're 71 00:04:15,000 --> 00:04:17,400 Speaker 1: still their way. They had. They hit quite a quite 72 00:04:17,400 --> 00:04:21,320 Speaker 1: a peak in twentye twenty one and still very much off. 73 00:04:21,080 --> 00:04:26,240 Speaker 2: The The Stock Movers Report from Bloomberg Radio. Check back 74 00:04:26,240 --> 00:04:28,479 Speaker 2: with us throughout the day for the latest roundup of 75 00:04:28,520 --> 00:04:31,839 Speaker 2: companies making news on Wall Street and for the latest 76 00:04:31,839 --> 00:04:36,080 Speaker 2: market moving headlines. 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