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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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

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Speaker 2: the stock market. Harnessing the power of Bloomberg Data.

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

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Speaker 3: today in Europe. I'm Stephen Carroll with Lizzie Burdon, and

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Speaker 3: we're joined by Bloomberg reporter Chloe Meda for more. Chloe,

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Speaker 3: good morning. Let's start with Universal Music Group subscription revenue

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Speaker 3: growing more than expected. What's going on?

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Speaker 1: Oh yeah, reported revenue ahead of expectations for the third quarter,

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Speaker 1: and that's thanks to two things in particular. So the

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Speaker 1: omnipresident Taylor Swift with really strong sales of her latest album,

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Speaker 1: and then also a really strong performance of the soundtrack

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Speaker 1: album for the hit next flip Netflix film k POB

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Speaker 1: Demon Hunters, which I've not seen, but apparently it was

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Speaker 1: really huge, and so that really boosted the shares this morning.

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Speaker 1: After quite an uneven performance over the last few months.

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Speaker 1: Universal is in quite an interesting position of having to

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Speaker 1: adapt to this to the music industry created by AI,

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Speaker 1: of course, so instead of fighting against it, it's actually

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Speaker 1: decided to join forces with an AI music startup to

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Speaker 1: collaborate on a new music creation and streaming service which

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Speaker 1: essentially will automate that music making process with a tool

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Speaker 1: that is trained on license music from artists. So it's

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Speaker 1: doing that. It's also signed a partnership with Spotify to

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Speaker 1: develop what it has called a responsible AI products that

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Speaker 1: respect artists copyright. So something definitely to watch going forward

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Speaker 1: because all of that is really likely to reshape the

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Speaker 1: music industry in quite significant ways, and labels have to

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Speaker 1: find a way to protect themselves against those AI songs

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Speaker 1: taking that market share.

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Speaker 3: Yeah, that's really interesting. I've also not watched KPARP Demon Hunters,

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Speaker 3: but I have listened to a very long podcast discussing

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Speaker 3: Life of a shell Girl, so I feel fully up

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Speaker 3: to date on the cultural analysis of Taylor Sola this album.

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Speaker 2: Absolutely no shame there from Star Carl. I want to

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Speaker 2: take it right to say for Territory Bank Earnings erst

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Speaker 2: raising its outlook for a year, and of course they's

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Speaker 2: out of Austria.

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Speaker 3: One of the updates from them.

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Speaker 1: Yeah, so they raise their net interest income and their

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Speaker 1: capital guidance this morning, which moved the shares higher, with

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Speaker 1: analysts noting that a strong capital position and also improving

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Speaker 1: profitability for US, so it's essentially building up its capital

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Speaker 1: cushion to help it fund the acquisition of Santandre's operations

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Speaker 1: in Poland. So this is a deal that was announced

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Speaker 1: in May. It's buying those Polish operations for about seven

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Speaker 1: billion euros, which makes it its largest deal ever. So

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Speaker 1: it's looking to pay for the transaction with a few

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Speaker 1: different ways, so with internal fund so by retaining earnings

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Speaker 1: and also temporarily reducing payouts to investors. But then it's

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Speaker 1: also freeing up capital by ufloading risks related to a

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Speaker 1: corporate loan portfolio that's worth more than ten billion euros.

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Speaker 1: So it seems that the plan to fund that acquisition

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Speaker 1: is being taken quite well by investors, even though it

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Speaker 1: does it does involve for having to reduce some payouts.

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Speaker 1: The net interest income guidance boost is also quite reassuring

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Speaker 1: and it really confirms that lending volumes are quite strong

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Speaker 1: in markets like Czechia and Slovakia as well. So it's

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Speaker 1: overall quite a positive update from ASTA and that really

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Speaker 1: moved the shats this morning.

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Speaker 3: Finally, Chloe, we're going to talk about Peak reporting better

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Speaker 3: than expected third quarter sales.

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Speaker 1: Yeah, so that is a Spanish company and Catalan company

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Speaker 1: that makes perfumes.

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Speaker 3: And that's that wrong.

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Speaker 1: Well, I think it's pooche, but checked. I checked this morning.

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Speaker 1: But I mean, I do not trust me on that.

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Speaker 1: I have no clear idea, but yeah.

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Speaker 3: You're right, Catalan versus Nish pronunciation anyway.

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Speaker 1: Yea. So it makes perfumes and makeup and reported better

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Speaker 1: than expected sales and it also upgraded the guidance for

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Speaker 1: the last three months of the year, so it said

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Speaker 1: it at actually a really solid start to the fourth quarter,

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Speaker 1: which obviously is the most important quarter for those kinds

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Speaker 1: of companies. And the update also suggested a potential rebound

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Speaker 1: in the fragrance's segment, which is very welcome after quite

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Speaker 1: a bit of weakness in that particular division. It's a

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Speaker 1: really important one because it's got quite a much higher

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Speaker 1: margin than that makeup and skincare segments that are growing

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Speaker 1: much faster. That recovery there in those perfumes is a relief.

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Speaker 1: Some ane lists did say that the company did not

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Speaker 1: address any questions about the growth beyond twenty twenty five,

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Speaker 1: but for now, investors seem to be happy with the

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Speaker 1: positive twenty twenty five performance.

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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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