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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some of the stocks on

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Speaker 3: the move today in Europe. I'm Stephen Caroll and we're

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Speaker 3: joined now by Bloomberg's Breaking News editor Louise Moon. Louise,

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Speaker 3: let's start with the luxury moves. LVMH surging almost fourteen

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Speaker 3: percent higher in Paris now in a wider rally to

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Speaker 3: in the luxury sector.

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Speaker 1: Tell us more indeed, Yeah, So essentially this is an

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Speaker 1: unexpected return to sales growth. They had their third quarter

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Speaker 1: results this morning, stronger than expected performance across the board,

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Speaker 1: and essentially anless is saying this is an encouraging trend,

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Speaker 1: So you know, it's it's an improvement in relation to

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Speaker 1: the wider sector. They're suggesting that it's a return to

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Speaker 1: growth could be possible next year. That they're citing quite

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Speaker 1: a confident tone for twenty twenty six, and notably as

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Speaker 1: part of these kind of encouraging trends, notably in China,

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Speaker 1: which is a key market for LVMH. And as you say,

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Speaker 1: it led to peers also surging. So the likes of

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Speaker 1: Burbery caring also far higher across the board. So shares

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Speaker 1: in LVMH rising on that unexpected positive news, A step

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Speaker 1: in the right direction.

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Speaker 3: Yeah, indeed, I'm lifting the whole cat car Onto index

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Speaker 3: as well, up two point three percent. Let's turn then

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Speaker 3: to the UK and Page Group shares rising. This is

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Speaker 3: in the recruitment sector. What do we learn from them?

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Speaker 1: Indeed, Yeah, so it's been quite a closely watched sector

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Speaker 1: at the moment. Page Group had their third quarter results

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Speaker 1: today and it follows two of their peers, So we

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Speaker 1: had Hayes last week and Robert Waters yesterday and essentially

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Speaker 1: it's together they're pointing to this trend of the market

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Speaker 1: starting to improve. It's been really battered over the past

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Speaker 1: year longer, and their results collectively are showing kind of

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Speaker 1: slight up upbeat market. So Page Group this morning a

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Speaker 1: milder drop in gross profits in the third quarter when

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Speaker 1: you compare it to the first half, and as I

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Speaker 1: say that, that's kind of showing that the market is

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Speaker 1: starting to improve. They said that the European market is

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Speaker 1: still tough. They noted what they call subdued confidence and

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Speaker 1: sentiment but the US and Asia are stable. They're saying

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Speaker 1: clients are still risk averse. You know, budgets are tightening,

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Speaker 1: but they're on track to hit their four year goals

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Speaker 1: that they're also doing a lot of cost cutting work.

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Speaker 1: So shares are higher about six percent. They still are

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Speaker 1: off their all time high, so there's still kind of

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Speaker 1: a lot to be worked through in that space to

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Speaker 1: do with the wider economic uncertainty, but shares are higher

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Speaker 1: on a kind of a glimmer of hope.

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Speaker 3: Okay, and Rank Group their shares plunging after a city

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Speaker 3: analysts change their recommendation to sell.

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Speaker 1: Indeed, this is the Germanistic tent company, so they make

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Speaker 1: kind of systems for vehicles and machinery. So a downgrade

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Speaker 1: from city they cut them from a neutral to a

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Speaker 1: cell and analysts are saying that shares are too expensive.

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Speaker 1: So Renk Group has kind of been caught up in

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Speaker 1: this wider defense rally that we've been seeing. And a

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Speaker 1: quote from it, unlessa I thought I should read it

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Speaker 1: out as a quite blunt it says, even pushing our

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Speaker 1: valuations to the upper end of what we feel is

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Speaker 1: a credible scenario, we believe Rank is overvalued and we're

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Speaker 1: downgrading to a cell.

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Speaker 3: So they set a new.

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Speaker 1: Price target of sixty four euros and shares are falling

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Speaker 1: as much as five percents morning closer to that price target.

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Speaker 1: They're around sixty eight euros now, and that follows an

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Speaker 1: almost three hundred percent year to date rally as of

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Speaker 1: yesterday's close, so they've really been rallying with defense and

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Speaker 1: now dropping on this downgrade from City.

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Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: the Blue Blomberg Business app. Mm hmm