WEBVTT - PPHE Plunges, Carrefour, Sodexo 

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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>Well, let's take a look at thumb stocks on the

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<v Speaker 3>move today in Europe. I'm James. We'll go up with

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<v Speaker 3>Calan Hepka and we're joined by Bloomberg's Breaking News editor Louise Moon.

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<v Speaker 3>So Louise, PPHG Hotel Group and Fatal. They haven't managed

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<v Speaker 3>to find a shared room. How is the market reacting?

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<v Speaker 1>Yeah, exactly, they haven't. So shares actually in PPH have

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<v Speaker 1>slumped over ten percent. They the biggest faller on the

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<v Speaker 1>foot seat two point fifty this morning. As you say, so,

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<v Speaker 1>they finished their strategic review and sale process. So this

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<v Speaker 1>started back in November and it was backed by their

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<v Speaker 1>owners essentially looking at future options for the business, including

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<v Speaker 1>potentially a buyout. And they had been in talks, as

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<v Speaker 1>you say, with Hotel Hotels, which is an Israel based

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<v Speaker 1>hotels group that first started at the end of May.

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<v Speaker 1>And shares have been kind of it's been a bit

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<v Speaker 1>of a roder coaster, really reactive to each point of this.

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<v Speaker 1>So they soared on the initial potential deal, the approach

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<v Speaker 1>they then the two parties then didn't agree on those terms.

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<v Speaker 1>One of the shareholders of the London based company was opposed,

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<v Speaker 1>so that was a bit of a roadblock, and then

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<v Speaker 1>shares slumped the most six years then, so, as I say,

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<v Speaker 1>a bit of a roller coaster. So Fortell essentially pulled

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<v Speaker 1>out of that, and now PPHD is saying that they

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<v Speaker 1>don't have any offers of a buyout. They're not in

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<v Speaker 1>any talks with any parties. That whole process has ended

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<v Speaker 1>and they're essentially continuing as were. They didn't really give

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<v Speaker 1>much more detail aside from that as to you know,

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<v Speaker 1>if there's any more future strategic direction for the company

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<v Speaker 1>or what comes next. But they aren't in any talks

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<v Speaker 1>and that review process has ended. Okay, So that big

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<v Speaker 1>decline for Ppe Hotel Group.

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<v Speaker 2>What about the moves for car four? The French are grosser?

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<v Speaker 3>What's the story there?

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<v Speaker 1>A bit more of a positive one. So shares up

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<v Speaker 1>almost five percent actually today after an upgrade by UBS,

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<v Speaker 1>so they've been upgraded from neutral to a buy and

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<v Speaker 1>they're calling the stock too cheap to ignore, so essentially

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<v Speaker 1>saying that they're an overlooked value play they're seeing on

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<v Speaker 1>a variety of reasons, and one of the reasons being,

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<v Speaker 1>you know, green shoots that they're seeing green shoots and

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<v Speaker 1>better pricing in the French market. They're saying that the

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<v Speaker 1>company is delivering on its targets and they're expecting the

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<v Speaker 1>company's strategy, their twenty thirty strategy to drive a rerating

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<v Speaker 1>of the stock. So some quite positive indicators there for

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<v Speaker 1>CARA four and IF shares in terms of when they're

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<v Speaker 1>talking about the valuation. If you look back at Carafaur's

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<v Speaker 1>share price as one kind of indicator, they are higher

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<v Speaker 1>over the past year, but you look back further and

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<v Speaker 1>they're actually quite flat historically, so some room to grow there.

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<v Speaker 1>But as I say, shares rising this morning as much

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<v Speaker 1>as about five percent.

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<v Speaker 3>I don't want to draw any conclusions, Louise, but you've

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<v Speaker 3>got another French food related company, and tell us about Saidexo.

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<v Speaker 1>It's on the mind pastries Thursday morning, so nex so, yeah,

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<v Speaker 1>the food French food services firm. So shares up as

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<v Speaker 1>much as eight percent. This is after their third quarter

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<v Speaker 1>results ahead of expectations, and essentially it's kind of the

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<v Speaker 1>first bit of good news, first uptick after quite a

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<v Speaker 1>long period of weaker momentum, So within that time they've

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<v Speaker 1>had some acquisitions that have helped them. They've had a

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<v Speaker 1>boost in business outside the US and Europe, which is

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<v Speaker 1>actually their strongest growth in the third quarter, the kind

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<v Speaker 1>of their rest of the world segment. And then also

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<v Speaker 1>this morning, they raised their organic revenue forecast for the

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<v Speaker 1>four years. This has been welcomed by analysts and list

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<v Speaker 1>they are welcoming this, but they're looking at that forecast

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<v Speaker 1>and they're saying, is this actually too conservative given how

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<v Speaker 1>well or that this momentum that they're building and how

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<v Speaker 1>well they seem to be doing, so asking if it's

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<v Speaker 1>too cautious. So attention now is on the capital market stay,

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<v Speaker 1>which is on the July sixteenth, So the CEO is

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<v Speaker 1>kind of going to set out a timeline for their

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<v Speaker 1>restoring them fully to growth and their future plans. So

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<v Speaker 1>attention is on that. But Yeah, shares up this morning

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<v Speaker 1>on the back of that.

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<v Speaker 2>Their calls update the Stockmovers Report from Bloomberg Radio. Check

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