WEBVTT - Burberry Jumps, Barry Callebaut Rises, Danone Slides 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Mover's 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 take a look now at some of the stocks

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<v Speaker 3>on the move today in Europe. I'm Lizzie Burden with

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<v Speaker 3>Stephen Carroll and were joined by Bloomberg's Breaking News editor

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<v Speaker 3>Louise Moon. Louise, I want to start with Birbery because

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<v Speaker 3>it looks like investors are actually convinced by the CEO's

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<v Speaker 3>turnaround plan. I didn't know if we could have faith

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<v Speaker 3>in Joshua Shulman when he came over from Coach and

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<v Speaker 3>Michael course.

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<v Speaker 1>Indeed, yeah, I mean, judging by the share price this morning,

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<v Speaker 1>they're leading the gains on the foot seat one hundred

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<v Speaker 1>to Birbury shares reacting quite well to what was quite

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<v Speaker 1>strong third quarter. So sales picked up more than expected,

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<v Speaker 1>and a lot of that was a big boost from China,

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<v Speaker 1>So pick up in sales and China growth doubled versus

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<v Speaker 1>the last quarter. China's obviously a very crucial market for

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<v Speaker 1>a lot of luxury companies, and particularly Burbery that they've

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<v Speaker 1>kind of typically relied on heavy and relied heavily on

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<v Speaker 1>demand from China. As you say, it's been seen as

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<v Speaker 1>another sign of a turnaround is taking shape. So the

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<v Speaker 1>CEO he joined in mid twenty twenty four and he's

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<v Speaker 1>been taking Berberi back to its basics, back to its core,

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<v Speaker 1>So trench coats, scarves, tartan, really, you know, doubling down

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<v Speaker 1>on the britishness of it. You can see people like

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<v Speaker 1>Olivia Coleman in their adverts, so taking in the chippy Louise.

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<v Speaker 1>That's why I was skeptical, Olivia Colman serving. Everyone loves

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<v Speaker 1>Olivia Coleman, but taking Berberie back to its core, and

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<v Speaker 1>investors have really been welcoming that, so that the shares

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<v Speaker 1>rose about thirty percent last year and as I say,

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<v Speaker 1>again rising this morning on the back of this. One

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<v Speaker 1>thing to note is they didn't upgrade anything in terms

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<v Speaker 1>of looking forward, but one analyst was saying that they

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<v Speaker 1>don't see that as a negative. You know, Berberi have

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<v Speaker 1>already said that they want to leave themselves some firepower

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<v Speaker 1>to invest. So this turnaround taking shape as Berbery goes

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<v Speaker 1>back trench coats, scarves and tartan.

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<v Speaker 2>Well, let's go from fashion to chocolate and a third

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<v Speaker 2>CEO and five years for Barry, Calibo and Switzerland.

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<v Speaker 1>Two of my favorite topics, Steve. Yeah, So Barry had

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<v Speaker 1>shares up almost five percent. This is one of the

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<v Speaker 1>world's biggest bulk chocolate makers, as you say, their third

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<v Speaker 1>CEO in less than five years. So they've appointed Heinz Schumacher,

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<v Speaker 1>the former boss of UNILEVERA he'll start at the end

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<v Speaker 1>of January. And the outgoing CEO, a man called Peter Feld,

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<v Speaker 1>He's gonna, what they have said, pursue other opportunities. Essentially,

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<v Speaker 1>this is all coming amid the record cocoa prices volatility

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<v Speaker 1>that have been that the market's been grappling with, and

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<v Speaker 1>the outgoing CEO had tried to mitigate this by restructuring

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<v Speaker 1>the business to prioritize higher margin chocolate making, but still

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<v Speaker 1>volumes have been falling, falling more than expected. So Aless

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<v Speaker 1>is saying that trust in his leadership has been eroded

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<v Speaker 1>for quite a while. Change was not long overdue, it

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<v Speaker 1>was needed. So, as I say, shares up this morning,

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<v Speaker 1>recovering from a decade low that was hit last year,

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<v Speaker 1>although if you look back more historically, they're still way

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<v Speaker 1>off a peak that was hitting twenty twenty one. So

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<v Speaker 1>Schumack it's got a big task ahead. He was pushed

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<v Speaker 1>out of Unilever last year. The board wasn't satisfied with

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<v Speaker 1>the restructuring that he was trying to put in place there.

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<v Speaker 1>But he's been in the consumer industry for a long time.

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<v Speaker 1>He's got a lot of experience, he's got a lot

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<v Speaker 1>of relationships, particularly with some key customers for Barry. Calavo

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<v Speaker 1>and so Anlysta are welcoming this that they're welcoming this

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<v Speaker 1>new CEO and some hope for some change there.

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<v Speaker 3>And Louie's a slide for Dunner and tell us more.

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<v Speaker 1>Yes, dan and fell as much as twelve percent this morning,

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<v Speaker 1>and then they did trim some declines after that, but

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<v Speaker 1>a big fall in early trading. Traders appointing to There's

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<v Speaker 1>been some commentary around an announcement by the Singapore Food Agency.

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<v Speaker 1>This actually came earlier this week, but it seems that

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<v Speaker 1>the connection with dan On is only really being made now.

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<v Speaker 1>And essentially the Singaple Food Agency recalled some more infant

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<v Speaker 1>formula products and one of those products that will be

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<v Speaker 1>impacted by that is one of dune On's so that's

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<v Speaker 1>one thing that's weighing on the stock. Another thing is

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<v Speaker 1>Bank of America also reiterated the underperform rating for the company.

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<v Speaker 1>They're citing a different factor. They're siting a drop in

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<v Speaker 1>China's birth rate. So obviously the decline in burse will

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<v Speaker 1>exempt exacerbate stress on the market, on the milk formula market.

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<v Speaker 1>So if you look at analyst ratings, they've now got

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<v Speaker 1>eleven buys, ten and five cells, so at the top.

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<v Speaker 1>Quite a tie. So falling on.

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<v Speaker 2>Backflon the stock mover's report from Bloomberg Radio. Check back

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