WEBVTT - M&S Up, Pheonix Slides, Ryanair Falls 

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's have a look at these stocks on the move

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<v Speaker 3>today here in Europe. I'm Caroline Hepcat alongside Tom McKenzie,

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<v Speaker 3>and we're joined by Bloomberg reporter Chloe Malay to talk

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<v Speaker 3>about individual share prices moving and m Ands has gained

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<v Speaker 3>after City upgraded the retailer.

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<v Speaker 4>Why yeah, so Emins got that upgrade this morning.

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<v Speaker 5>That really drove the shares.

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<v Speaker 4>The company was obviously the victim of a massive cyber

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<v Speaker 4>attack if we remember, that really paralyzed all of its

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<v Speaker 4>operations for months, and it really weakened the share price.

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<v Speaker 5>That was kind of over spring and summer.

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<v Speaker 4>But what City analysts are saying now is that given

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<v Speaker 4>that the shares are kind of well below the pre

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<v Speaker 4>attack levels, it's really an attractive entry point for that business,

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<v Speaker 4>which has actually really good underlying momentum. So it's fashion segment,

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<v Speaker 4>for ext example, is gaining traction with young consumers, which

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<v Speaker 4>is a really important consumer segment of course, and then

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<v Speaker 4>in food mins is also seeing bigger baskets, and it's

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<v Speaker 4>benefiting from consumers trading down from restaurants. So all of

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<v Speaker 4>that means that MNS is actually quite well placed to

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<v Speaker 4>outperform despite the macroeconomic uncertainty in the UK. And Eminis

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<v Speaker 4>still has estimated the impact of that cyber attack on

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<v Speaker 4>operating profit to be around three hundred million pounds, so

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<v Speaker 4>this is still something that is quite important. But after

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<v Speaker 4>some very tough times, it could be turning a corner.

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<v Speaker 3>I was really surprised to read, well, maybe I shouldn't

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<v Speaker 3>be surprised, but the boss of M and S and

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<v Speaker 3>his whole top team apparently was sleeping in the office

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<v Speaker 3>for weeks when that cyber attack happened. I think it

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<v Speaker 3>was kind of a wake up call to UKPLC, wasn't it.

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<v Speaker 3>The cost of cyber attacks can basically, you know, potentially

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<v Speaker 3>sink your business.

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<v Speaker 5>Yeah, if you're not careful. Absolutely.

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<v Speaker 1>That was a reporting in the Economist. It's pretty interesting,

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<v Speaker 1>wasn't it. They talked about everything from from the cream

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<v Speaker 1>and tomato at cream and other cream and strawberry sandwiches

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<v Speaker 1>that were fast to the fact that, to the fact

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<v Speaker 1>and to your point, Chloe, that the M and S

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<v Speaker 1>is now fashionable again. Yeah, there's no Dowdy outfits. This

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<v Speaker 1>is a place where young people are going to shop

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<v Speaker 1>M and S.

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<v Speaker 5>Yeah, absolutely, I could attest to that. I'm shoved Chloe's

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<v Speaker 5>going there.

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<v Speaker 1>There are other retailers available, of course, we're also looking

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<v Speaker 1>Insurance and Phoenix.

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<v Speaker 5>Yeah, so Phoenix is down this morning.

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<v Speaker 4>That is despite reporting actually a twenty five percent jump

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<v Speaker 4>in profit.

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<v Speaker 5>It'll also be estimates.

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<v Speaker 4>It said that it's on track to meet financial targets,

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<v Speaker 4>but perhaps some other numbers, perhaps cash generation, disappointed analysts.

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<v Speaker 4>Perhaps it's also got something to do with the name change.

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<v Speaker 4>So Phoenix won't be Phoenix for much longer. It's changing

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<v Speaker 4>its name to Standard Life from March twenty twenty six,

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<v Speaker 4>and that is in a bid to appeal to British

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<v Speaker 4>savers and companies.

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<v Speaker 5>Apparently, that's what it said.

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<v Speaker 4>That is the name change that maybe investors are not

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<v Speaker 4>reacting super kindly to.

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<v Speaker 5>So that's that's what's happening with Phoenix this morning.

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<v Speaker 3>And then Ryana actually not doing particularly well today.

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<v Speaker 5>Why is that?

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<v Speaker 4>So it's down this morning after it got downgraded to

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<v Speaker 4>a neutral rating at Goldman. So the adlers said that

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<v Speaker 4>previous catalysts have now kind of all played out for

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<v Speaker 4>Ryanair and they expect profit for the fiscal second quarter

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<v Speaker 4>to be below consensus. That fiscal second quarter being the

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<v Speaker 4>summer quarter for Ryanair, that is due to some affairs

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<v Speaker 4>being actually a little bit lower, higher costs related to

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<v Speaker 4>a sustainable aviation fuel. Potentially winter quarters will be offsetting

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<v Speaker 4>that weakness, but it's still there's still kind of a

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<v Speaker 4>cautious view on fares going forward, and if we take

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<v Speaker 4>this in context with the profit warning from jet To

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<v Speaker 4>last week, there's kind of a signal potentially of some

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<v Speaker 4>tough times ahead for that low cost airline space in

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<v Speaker 4>the UK. So that's worth keeping an eye on how

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<v Speaker 4>the summer quarter has gone for those companies when we

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<v Speaker 4>get results starting in October time.

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