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Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Well, let's take a look at thumb stocks on the
Speaker 3: move today in Europe. I'm James. We'll go up with
Speaker 3: Calan Hepka and we're joined by Bloomberg's Breaking News editor Louise Moon.
Speaker 3: So Louise, PPHG Hotel Group and Fatal. They haven't managed
Speaker 3: to find a shared room. How is the market reacting?
Speaker 1: Yeah, exactly, they haven't. So shares actually in PPH have
Speaker 1: slumped over ten percent. They the biggest faller on the
Speaker 1: foot seat two point fifty this morning. As you say, so,
Speaker 1: they finished their strategic review and sale process. So this
Speaker 1: started back in November and it was backed by their
Speaker 1: owners essentially looking at future options for the business, including
Speaker 1: potentially a buyout. And they had been in talks, as
Speaker 1: you say, with Hotel Hotels, which is an Israel based
Speaker 1: hotels group that first started at the end of May.
Speaker 1: And shares have been kind of it's been a bit
Speaker 1: of a roder coaster, really reactive to each point of this.
Speaker 1: So they soared on the initial potential deal, the approach
Speaker 1: they then the two parties then didn't agree on those terms.
Speaker 1: One of the shareholders of the London based company was opposed,
Speaker 1: so that was a bit of a roadblock, and then
Speaker 1: shares slumped the most six years then, so, as I say,
Speaker 1: a bit of a roller coaster. So Fortell essentially pulled
Speaker 1: out of that, and now PPHD is saying that they
Speaker 1: don't have any offers of a buyout. They're not in
Speaker 1: any talks with any parties. That whole process has ended
Speaker 1: and they're essentially continuing as were. They didn't really give
Speaker 1: much more detail aside from that as to you know,
Speaker 1: if there's any more future strategic direction for the company
Speaker 1: or what comes next. But they aren't in any talks
Speaker 1: and that review process has ended. Okay, So that big
Speaker 1: decline for Ppe Hotel Group.
Speaker 2: What about the moves for car four? The French are grosser?
Speaker 3: What's the story there?
Speaker 1: A bit more of a positive one. So shares up
Speaker 1: almost five percent actually today after an upgrade by UBS,
Speaker 1: so they've been upgraded from neutral to a buy and
Speaker 1: they're calling the stock too cheap to ignore, so essentially
Speaker 1: saying that they're an overlooked value play they're seeing on
Speaker 1: a variety of reasons, and one of the reasons being,
Speaker 1: you know, green shoots that they're seeing green shoots and
Speaker 1: better pricing in the French market. They're saying that the
Speaker 1: company is delivering on its targets and they're expecting the
Speaker 1: company's strategy, their twenty thirty strategy to drive a rerating
Speaker 1: of the stock. So some quite positive indicators there for
Speaker 1: CARA four and IF shares in terms of when they're
Speaker 1: talking about the valuation. If you look back at Carafaur's
Speaker 1: share price as one kind of indicator, they are higher
Speaker 1: over the past year, but you look back further and
Speaker 1: they're actually quite flat historically, so some room to grow there.
Speaker 1: But as I say, shares rising this morning as much
Speaker 1: as about five percent.
Speaker 3: I don't want to draw any conclusions, Louise, but you've
Speaker 3: got another French food related company, and tell us about Saidexo.
Speaker 1: It's on the mind pastries Thursday morning, so nex so, yeah,
Speaker 1: the food French food services firm. So shares up as
Speaker 1: much as eight percent. This is after their third quarter
Speaker 1: results ahead of expectations, and essentially it's kind of the
Speaker 1: first bit of good news, first uptick after quite a
Speaker 1: long period of weaker momentum, So within that time they've
Speaker 1: had some acquisitions that have helped them. They've had a
Speaker 1: boost in business outside the US and Europe, which is
Speaker 1: actually their strongest growth in the third quarter, the kind
Speaker 1: of their rest of the world segment. And then also
Speaker 1: this morning, they raised their organic revenue forecast for the
Speaker 1: four years. This has been welcomed by analysts and list
Speaker 1: they are welcoming this, but they're looking at that forecast
Speaker 1: and they're saying, is this actually too conservative given how
Speaker 1: well or that this momentum that they're building and how
Speaker 1: well they seem to be doing, so asking if it's
Speaker 1: too cautious. So attention now is on the capital market stay,
Speaker 1: which is on the July sixteenth, So the CEO is
Speaker 1: kind of going to set out a timeline for their
Speaker 1: restoring them fully to growth and their future plans. So
Speaker 1: attention is on that. But Yeah, shares up this morning
Speaker 1: on the back of that.
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