Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today here in you. I'm James Wilcock with
Speaker 3: Karen Hecker, and we are joined as ever by Bloomberg
Speaker 3: reporter Cloie Nelly Chloe. Let's start with Communications Group WPP.
Speaker 3: I had to take a double take when I saw
Speaker 3: some of the numbers there showing this morning, what is
Speaker 3: driving this surge in the stock market.
Speaker 4: Yeah, so this is really kind of probably seen as
Speaker 4: a bit of a sigh of relief for huge sire
Speaker 4: of relief actually from investors for WPP after the earnings
Speaker 4: that came out this morning. If we look at the
Speaker 4: broader context in which it reported, WPP has been really
Speaker 4: struggling for years.
Speaker 1: You know, it lost a lot of its clients to rivals.
Speaker 4: It has been underperforming publicists, which is its biggest competitor,
Speaker 4: for a while now.
Speaker 1: And so the new CEO who.
Speaker 4: Joined last year, Cindi Rows, had announced this big turnaround.
Speaker 1: You know, she's streamlined the business, She's cut a lot
Speaker 1: of the costs.
Speaker 4: She's changed the structure of the company itself to be
Speaker 4: kind of focused on four main units, and now it
Speaker 4: seems that it is actually paying off, and so we
Speaker 4: have first half profits coming in ahead of expectations, and
Speaker 4: so that was seen as really a huge, huge relief
Speaker 4: for investors in that gave that massive boost to the
Speaker 4: shares this morning. And we can see now that this
Speaker 4: kind of progress being made on a strategy.
Speaker 1: It's not completely out of the woods.
Speaker 4: Of course, there's still this weakness in the advertising market
Speaker 4: to contend with. You know, when we've got this sort
Speaker 4: of economic uncertainty, marketing budgets tend to be one of
Speaker 4: the first things to go. So it's not like the
Speaker 4: broader market is necessarily moving forward. But it seems that
Speaker 4: WPP is making progress internally and so we are seeing
Speaker 4: that really really drive the stock this morning.
Speaker 5: Yeah, absolutely, WPPS seen thousands of job losses and yeah,
Speaker 5: a real drive to kind of save costs and try
Speaker 5: to change the business. Let's talk about the Irish dairy
Speaker 5: producer Glanbia. Now I don't know this business, but it's
Speaker 5: about the protein craze about which I do know quite
Speaker 5: a lot. Or Lease is very evident, isn't it tell
Speaker 5: us about this?
Speaker 1: Yeah, absolutely so.
Speaker 4: Glambia a dairy producer, but it's also mainly known now
Speaker 4: for its protein powder, so it's got a protein powder
Speaker 4: business and it is, as you said, really benefiting from
Speaker 4: this protein craze. So it raises guidance this morning quite strongly,
Speaker 4: and there's after doing particularly well in the performance nutrition
Speaker 4: unit which makes those protein powders.
Speaker 1: There's workout supplements.
Speaker 4: Of course, we've seen this kind of growing appetite for
Speaker 4: a protein recently, driven by both the sort of rising
Speaker 4: uptake of weight loss drugs, but then also a kind
Speaker 4: of general wellness trend, a general trend of wanting to
Speaker 4: live a healthier, more active lifestyle. That's been a really
Speaker 4: big boost to Glambia and to other companies like Applying Nutrition,
Speaker 4: which is another business list in London, and it's really
Speaker 4: forced also big food companies to sort of step up
Speaker 4: and innovate in that area. So now you know, every
Speaker 4: item in the supermarket seems to have the protein enhanced version.
Speaker 4: It seems in you know, dan and Nesle have been
Speaker 4: really at the forefront of this, developing all of these
Speaker 4: new products, and Glambia is one of those kind of
Speaker 4: lesser known companies that is still very much at the
Speaker 4: heart of that protein graze.
Speaker 1: Well, look at us, upbeat Europe. Everything's up.
Speaker 3: Now we turned to German manufacturer Semens.
Speaker 1: Why are they breaking that trend?
Speaker 4: Chlowy, Yeah, so Semens at first counts, it looks really
Speaker 4: positive for Semens.
Speaker 1: You know, raises guidance this morning.
Speaker 4: We had very strong demand from a data center customers.
Speaker 4: There's been a recovery and demand from industrial customers for
Speaker 4: things like factory automation software. But chas felt actually quite
Speaker 4: a lot this morning, and that's just because investors.
Speaker 1: Wanted a lot more from Semens.
Speaker 4: The outlook raise was seen as maybe quite small and
Speaker 4: less pronounced than some of its peers, like Schneider Electric,
Speaker 4: for example, which had a big boost guidance earlier in
Speaker 4: the earning season. But for Seemens, it seems that it
Speaker 4: just needed to show that it had benefited even more
Speaker 4: from this search in AI spending. And you know, once
Speaker 4: again with this data center AI related sector, companies are
Speaker 4: finding it very hard to reach those kind of sky
Speaker 4: high expectations set by the market and often not even
Speaker 4: an outlook race is enough.
Speaker 1: And so Siemens is dealing with that.
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