1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,400 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,040 Speaker 3: Let's take a look at some stocks on the move 5 00:00:18,040 --> 00:00:21,440 Speaker 3: today in Europe with Louise Moon. I'm Stephen Carroll, Louise. 6 00:00:21,480 --> 00:00:25,439 Speaker 3: Good morning. Let's start with rieschmant shares seven percent hire 7 00:00:25,520 --> 00:00:27,880 Speaker 3: this morning after their latest earnings update. 8 00:00:28,400 --> 00:00:31,240 Speaker 1: Indeed, they had their first half results this morning, beating 9 00:00:31,360 --> 00:00:35,400 Speaker 1: estimates essentially across the board, but the standout sector was 10 00:00:35,440 --> 00:00:37,559 Speaker 1: really their jewelry division, so that was sales in their 11 00:00:37,640 --> 00:00:41,280 Speaker 1: jurry division was up fourteen percent, so that helped overall 12 00:00:41,320 --> 00:00:44,199 Speaker 1: sales rise about ten percent in their first half. To 13 00:00:44,280 --> 00:00:46,760 Speaker 1: anless is saying that jewelry remains and I quote, a 14 00:00:46,800 --> 00:00:50,000 Speaker 1: remarkable locomotive for growth and that these results confirmed that 15 00:00:50,920 --> 00:00:53,720 Speaker 1: the company as a whole is the fastest growing within 16 00:00:54,160 --> 00:00:56,720 Speaker 1: the luxury sector. And if you look back, they've really 17 00:00:56,760 --> 00:01:00,840 Speaker 1: withstood the luxury downturn five better than the rivals, and 18 00:01:00,840 --> 00:01:02,520 Speaker 1: that is largely due to the jewelry. 19 00:01:02,560 --> 00:01:04,959 Speaker 4: Their jewelry obviously is at. 20 00:01:05,160 --> 00:01:08,240 Speaker 1: Very high value and it's seen as a better store 21 00:01:08,280 --> 00:01:10,720 Speaker 1: of value than kind of expensive clothes or leather goods 22 00:01:10,760 --> 00:01:13,400 Speaker 1: that other luxury companies might be selling. So the stock 23 00:01:13,480 --> 00:01:16,600 Speaker 1: is up seventeen percent this year. There is of course 24 00:01:16,760 --> 00:01:19,520 Speaker 1: a bit of headwinds from tariffs, and they have said 25 00:01:19,520 --> 00:01:21,920 Speaker 1: this morning they expect quite a sizable hit from that, 26 00:01:22,200 --> 00:01:25,360 Speaker 1: but they'rewithstanding that. So stock up seventeen percent this year 27 00:01:25,400 --> 00:01:29,240 Speaker 1: and soaring as you say this morning, and looking back, 28 00:01:29,560 --> 00:01:33,679 Speaker 1: as I say, really outperforming the wider luxury sector. And 29 00:01:33,720 --> 00:01:35,360 Speaker 1: then if you kind of take a step back and 30 00:01:35,440 --> 00:01:40,040 Speaker 1: look at their peers or their rivals results recently, it 31 00:01:40,120 --> 00:01:44,280 Speaker 1: paints quite a similar picture. So LVMHDAL or Burberry pointing 32 00:01:44,319 --> 00:01:48,920 Speaker 1: to kind of starting things starting to improve. Essentially, there's 33 00:01:48,960 --> 00:01:51,840 Speaker 1: hopes that this broader slump might be subsiding, but reached 34 00:01:51,840 --> 00:01:54,600 Speaker 1: one is really the standout among them. 35 00:01:54,800 --> 00:01:56,680 Speaker 3: Yeah, and be interesting to see that movement in the 36 00:01:56,680 --> 00:01:59,320 Speaker 3: share price this morning, and other companies shares are soaring today. 37 00:01:59,320 --> 00:02:03,840 Speaker 3: Ppat Hotel group listed in London looking at some options 38 00:02:03,600 --> 00:02:05,160 Speaker 3: for real estate investment. 39 00:02:06,000 --> 00:02:07,480 Speaker 4: Yeah, so it's quite an interesting answer. 40 00:02:07,480 --> 00:02:09,359 Speaker 1: This is a group that's behind Park Plaza hotels in 41 00:02:09,360 --> 00:02:12,799 Speaker 1: Europe and they own a lot of hotels across Europe. 42 00:02:13,120 --> 00:02:16,320 Speaker 1: So their biggest shareholders considering options over their stake, so 43 00:02:16,320 --> 00:02:18,800 Speaker 1: they said this morning they could either contribute more capital 44 00:02:19,360 --> 00:02:21,720 Speaker 1: or sell some of their stakes, so holding meetings with 45 00:02:22,320 --> 00:02:26,480 Speaker 1: financial investors to discuss options. We reported overnight that they've 46 00:02:26,520 --> 00:02:30,680 Speaker 1: approached buyout firms about possibly taking the company private. So 47 00:02:30,800 --> 00:02:34,160 Speaker 1: details are kind of unclear as well as any timings, 48 00:02:34,960 --> 00:02:38,079 Speaker 1: and of course there isn't any certainty over whether any 49 00:02:38,120 --> 00:02:39,880 Speaker 1: offers will be made. They say they haven't got any 50 00:02:39,880 --> 00:02:43,720 Speaker 1: offers yet, but they are calling themselves in an offer period, 51 00:02:44,160 --> 00:02:46,520 Speaker 1: so shares, as you say, rising on the back of that. 52 00:02:46,760 --> 00:02:51,560 Speaker 1: They didn't give much reason as to why they are 53 00:02:51,600 --> 00:02:54,960 Speaker 1: trading at quite a big discount to their valuation of their 54 00:02:55,000 --> 00:02:58,280 Speaker 1: own portfolio, so potentially, you know, that could be one reason. 55 00:02:58,600 --> 00:03:02,200 Speaker 1: And also these Biggert shaholders, they have been with the 56 00:03:02,200 --> 00:03:03,720 Speaker 1: company for quite a long time. One of them has 57 00:03:03,720 --> 00:03:06,680 Speaker 1: been there since nineteen ninety one, so again potentially a reason, 58 00:03:06,720 --> 00:03:09,800 Speaker 1: but they haven't given much so we'll be closely tracking 59 00:03:09,800 --> 00:03:12,600 Speaker 1: that one to see what happens, if and what happens. 60 00:03:13,000 --> 00:03:15,160 Speaker 3: Yeah, indeed want to keep an eye on as well. 61 00:03:15,200 --> 00:03:17,960 Speaker 3: And some shares that aren't trading this morning, Louise, and 62 00:03:18,000 --> 00:03:19,600 Speaker 3: that's in you BEI staff to what's happened. 63 00:03:19,880 --> 00:03:21,000 Speaker 4: Yeah, the French gaming company. 64 00:03:21,120 --> 00:03:24,160 Speaker 1: So they're behind games like Assassin's Creed, which obviously very 65 00:03:24,200 --> 00:03:26,920 Speaker 1: well known. They've delayed their first self financial results and 66 00:03:27,080 --> 00:03:28,919 Speaker 1: this was just so they were meant to report today 67 00:03:29,000 --> 00:03:31,160 Speaker 1: and they delayed them just before they were meant to 68 00:03:31,200 --> 00:03:32,239 Speaker 1: be released. 69 00:03:32,680 --> 00:03:35,840 Speaker 4: They haven't said much, they haven't given any reason. 70 00:03:35,920 --> 00:03:38,040 Speaker 1: They just said they'll publish in the coming days and 71 00:03:38,080 --> 00:03:40,280 Speaker 1: they've also asked for trading to be halted in France 72 00:03:40,360 --> 00:03:43,840 Speaker 1: until those results are published. In a memo to staff, 73 00:03:44,160 --> 00:03:47,080 Speaker 1: they say they were taking extra time to finalize the 74 00:03:47,120 --> 00:03:50,720 Speaker 1: closing of the of the first half of these results. 75 00:03:52,000 --> 00:03:55,240 Speaker 1: But this could so There's already been a lot of 76 00:03:55,280 --> 00:03:59,360 Speaker 1: concerns around Ubisoft, so this could escalate those concerns. For example, 77 00:03:59,360 --> 00:04:02,000 Speaker 1: in May, they said they needed more time to develop 78 00:04:02,040 --> 00:04:03,760 Speaker 1: some of their big titles and they forecast that no 79 00:04:03,840 --> 00:04:06,680 Speaker 1: revenue growth would happen for the full year. And their 80 00:04:06,680 --> 00:04:09,080 Speaker 1: shares already down forty nine percent this year, and if 81 00:04:09,080 --> 00:04:12,400 Speaker 1: you look further back, they're way down from a peak 82 00:04:12,440 --> 00:04:15,840 Speaker 1: in twenty eighteen, about ninety three percent off that. So 83 00:04:16,440 --> 00:04:18,920 Speaker 1: we'll be keeping an eye for when they'll be reporting. 84 00:04:19,240 --> 00:04:22,480 Speaker 1: But as I say, that could escalate concerns and extend 85 00:04:22,640 --> 00:04:24,520 Speaker 1: setbacks that they've experienced recently. 86 00:04:25,640 --> 00:04:29,680 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 87 00:04:29,760 --> 00:04:32,320 Speaker 2: us throughout the day for the latest roundup of companies 88 00:04:32,400 --> 00:04:35,480 Speaker 2: making news on Wall Street and for the latest market 89 00:04:35,520 --> 00:04:40,000 Speaker 2: moving headlines. 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