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Speaker 2: News.
Speaker 1: The Stock Movers Report. Your roundup of companies making moves
Speaker 1: in the stock market. Harnessing the power of Bloomberg data.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move today here in Europe. I'm Caroline Hepkin. I'm
Speaker 2: joined by Bloomberg reporter Chloe Millay. Good morning, Chloe. Let's
Speaker 2: start with the software company SAP. Their shares are lower today.
Speaker 2: for a particular reason.
Speaker 1: Why?
Speaker 3: Yeah. So, it's kind of the entire sector that is
Speaker 3: a little bit weaker this morning. SAP being, of course,
Speaker 3: the main one because that's the big software company in Europe.
Speaker 3: But we are seeing this on some read across from
Speaker 3: the U.S. and some U.S. earnings. So, we had disappointing
Speaker 3: results yesterday from Intuit and Zoom. So, Intuit is a
Speaker 3: tax preparation software company and it fell quite a lot
Speaker 3: in the U.S. yesterday because of a weak outlook that
Speaker 3: according to analysts, really signaled disruption going forward for the company.
Speaker 3: And then Zoom also fell, but a little bit less dramatically, maybe,
Speaker 3: because the forecast for the third quarter was also softer
Speaker 3: than expected, despite an expanded product lineup for the company.
Speaker 3: That's all seen as not very encouraging for European software
Speaker 3: and the European software sector as a whole. So, we
Speaker 3: had companies like Sage Group, down quite a lot this morning.
Speaker 3: And then, of course, the big one being SAP, which
Speaker 3: was weighed down by this read across, but then also
Speaker 3: by a downgrade by UBS. So, not a great day
Speaker 3: overall for software in Europe. And this might revive some
Speaker 3: of those concerns that we had throughout the beginning of
Speaker 3: this year around AI displacement for those companies as well.
Speaker 2: Okay, so that's SAP. Now to Applied Nutrition, the protein
Speaker 2: powder company bulking up its guidance.
Speaker 1: Yes, indeed.
Speaker 3: There's a lot of pun potential for those companies. But yeah,
Speaker 3: Applied Nutrition makes protein shakes, workout supplements, etc., It has
Speaker 3: upgraded its guidance, as you.
Speaker 2: Mentioned, this morning.
Speaker 3: So fiscal 2026, which ended in July, was ahead of expectations.
Speaker 3: It also expects a very strong 2027 and expects that
Speaker 3: to be ahead of estimates as well. And as I've mentioned,
Speaker 3: there was exceptional trading momentum and they expect it to
Speaker 3: continue going into this new financial year because the company
Speaker 3: is expanding in the U.S. market. It's also partnering with
Speaker 3: a bunch of new retailers. So, there's a lot of opportunity.
Speaker 2: There for further growth.
Speaker 3: Obviously, Apparel Nutrition is one of those big beneficiaries of
Speaker 3: this ongoing trend for protein. That has been driven both
Speaker 3: by kind of a general wellness trend with so many
Speaker 3: big food companies integrating more protein into their products and
Speaker 3: then also the rising uptake of GLP-1s kind of across
Speaker 3: the world. Another big beneficiary of that has been Galambia,
Speaker 3: which also is a bigger competitor to Applied Nutrition, also
Speaker 3: makes those protein shakes, workout supplements, etc., And earlier this month,
Speaker 3: they also raised its guidance on the back of this.
Speaker 3: So this is quite a niche sector with only really
Speaker 3: a couple of companies that are important to keep track of.
Speaker 3: But it's a really important sector. It's one that's doing
Speaker 3: very well at the moment. And Applied Nutrition has confirmed
Speaker 3: that today.
Speaker 1: Okay.
Speaker 2: And lastly, Ambu, which is a medical devices company, lower
Speaker 2: after missing estimates. Tell us a bit more.
Speaker 1: Yeah.
Speaker 3: So, quite disappointing results from Ambu this morning. And that
Speaker 3: was followed by Nordea downgrading the company. And so, those
Speaker 3: disappointing results and that downgrade, that has led the shares
Speaker 3: sinking this morning. We're seeing a really, really massive drop.
Speaker 3: The main issue on the results was that there was
Speaker 3: a really big miss on profit, excluding tariff refunds. And so,
Speaker 3: that means that the company will need to really sort
Speaker 3: of step up to meet its guidance. And Nordea, which
Speaker 3: downgraded the stock, said that there were no signs of
Speaker 3: any inflection point when it comes to some of the segments,
Speaker 3: including the urology and the ENT segment for that company. So,
Speaker 3: the earnings outlook does not look too rosy for that company.
Speaker 3: And we can see that reflected in that huge drop
Speaker 3: in the shares this morning.
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