1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,360 --> 00:00:17,959 Speaker 3: Well, let's take a look at some stocks on the 5 00:00:17,960 --> 00:00:20,880 Speaker 3: move today in Europe. I'm Stephen Carroll and I'm joined 6 00:00:20,880 --> 00:00:24,520 Speaker 3: by Bloomberg's Breaking News editor Louise Moon. Louise, good morning. 7 00:00:24,600 --> 00:00:28,040 Speaker 3: Let's start with Schneider Electric, their shares rising this morning 8 00:00:28,040 --> 00:00:28,600 Speaker 3: on the markets. 9 00:00:29,080 --> 00:00:31,800 Speaker 1: Indeed, yeah, they've they've laid out a big buy back 10 00:00:31,840 --> 00:00:35,080 Speaker 1: plans that's up to three point five billion euros through 11 00:00:35,159 --> 00:00:38,479 Speaker 1: to twenty thirty, so a big sum to announce this morning. 12 00:00:38,680 --> 00:00:42,040 Speaker 1: They also plan to sell assets equivalent to about one 13 00:00:42,040 --> 00:00:45,080 Speaker 1: point five billion euros over that same period, and they 14 00:00:45,120 --> 00:00:48,760 Speaker 1: also set quite ambitious growth plans. So this is all 15 00:00:48,840 --> 00:00:53,120 Speaker 1: driven by AI and electrifications. They're really benefiting on the 16 00:00:53,120 --> 00:00:55,120 Speaker 1: back of that. Essentially, what they do is they provide 17 00:00:55,160 --> 00:00:58,360 Speaker 1: equipment that's needed to run a lot of these data centers. 18 00:00:58,840 --> 00:01:03,520 Speaker 1: So yeah, benefiting on the back of this growing demand 19 00:01:03,720 --> 00:01:07,520 Speaker 1: for those data centers for AI, for electrification. I mean, 20 00:01:07,520 --> 00:01:10,279 Speaker 1: we already saw it. They had results recently, their latest 21 00:01:10,280 --> 00:01:13,160 Speaker 1: results they exceeded expectations. So this is just kind of 22 00:01:13,200 --> 00:01:16,720 Speaker 1: more positive news this morning on the back of that demand. 23 00:01:16,760 --> 00:01:19,440 Speaker 1: So yeah, this buyback plan being laid out. 24 00:01:20,000 --> 00:01:22,320 Speaker 3: Yeah, it shares up three point three percent in Paris 25 00:01:22,360 --> 00:01:26,800 Speaker 3: at the moment. Let's go to Entain next, the gambling giant, 26 00:01:27,000 --> 00:01:30,480 Speaker 3: the CFO stepping down after thirteen years indeed. 27 00:01:30,560 --> 00:01:32,720 Speaker 1: Yeah, so his name is Rob Wood, so he as 28 00:01:32,720 --> 00:01:35,319 Speaker 1: you say, with the CFO and also the Deputy CEO, 29 00:01:35,400 --> 00:01:37,640 Speaker 1: So stepping down next year after thirteen years. 30 00:01:37,680 --> 00:01:38,319 Speaker 3: He's going to be. 31 00:01:38,280 --> 00:01:42,160 Speaker 1: Replaced by a man called Michael Snape who is currently 32 00:01:42,240 --> 00:01:46,280 Speaker 1: CFO IDs, which is the parent of Royal Mail obviously 33 00:01:46,280 --> 00:01:49,520 Speaker 1: recently taken private, so he oversaw that sale and the 34 00:01:49,600 --> 00:01:53,840 Speaker 1: delisting of IDs. Before that, he was at companies including Tesco, 35 00:01:53,920 --> 00:01:56,520 Speaker 1: so he's got quite a big track record of big 36 00:01:56,560 --> 00:02:00,360 Speaker 1: companies in the UK. So he's going to replace Rob 37 00:02:00,400 --> 00:02:04,559 Speaker 1: Wood next year. Shares are falling. They're actually the biggest 38 00:02:04,640 --> 00:02:08,040 Speaker 1: drag on the foot see one hundred this morning potentially 39 00:02:08,040 --> 00:02:12,320 Speaker 1: because Wood he's been seeing as pretty instrumental for a 40 00:02:12,320 --> 00:02:16,080 Speaker 1: lot of change that NTAIN has had in recent years. 41 00:02:16,120 --> 00:02:21,120 Speaker 1: So rapid expansion entry into the US market via a 42 00:02:21,240 --> 00:02:24,200 Speaker 1: JV with MGM part he was also part of their 43 00:02:24,240 --> 00:02:29,120 Speaker 1: rebrand in twenty twenty, so potentially that's you know, contributing 44 00:02:29,320 --> 00:02:32,000 Speaker 1: to those shares falling this morning. It's also kind of 45 00:02:32,040 --> 00:02:35,360 Speaker 1: the latest thing that Ntain's got to contend with. They 46 00:02:35,520 --> 00:02:39,400 Speaker 1: had their former CEO left in February. They've also faced 47 00:02:39,520 --> 00:02:44,239 Speaker 1: a string of issues, including legal and regulatory challenges more recently, 48 00:02:44,440 --> 00:02:47,000 Speaker 1: and they're also very recently having to deal now with 49 00:02:47,320 --> 00:02:50,840 Speaker 1: higher taxes that have come in the budget. So a 50 00:02:50,880 --> 00:02:53,560 Speaker 1: lot to contend with and at the same time, a 51 00:02:53,639 --> 00:02:55,720 Speaker 1: switch of leadership right at the top. 52 00:02:56,240 --> 00:02:58,040 Speaker 3: Yeah, okay, well, want to keep an eye on Then 53 00:02:58,280 --> 00:03:02,079 Speaker 3: turning to travel and whiz Air shares are lower this morning. 54 00:03:02,520 --> 00:03:04,960 Speaker 1: Yeah, so they have been downgraded to an underperformed by 55 00:03:04,960 --> 00:03:08,399 Speaker 1: Bank of America. So the analyst is citing two main things. 56 00:03:08,440 --> 00:03:11,320 Speaker 1: So one is a concern over costs for was Air, 57 00:03:11,360 --> 00:03:14,440 Speaker 1: and the second one is increased competition, particularly saying that 58 00:03:14,440 --> 00:03:19,480 Speaker 1: the rival Ryanair is strong competition ins key region of 59 00:03:20,400 --> 00:03:25,560 Speaker 1: Central and Eastern Europe. So those two key concerns from 60 00:03:25,600 --> 00:03:27,880 Speaker 1: the Bank of America analyst. They also at the same 61 00:03:27,919 --> 00:03:30,600 Speaker 1: time loaded their estimates for twenty twenty six and twenty 62 00:03:30,760 --> 00:03:35,400 Speaker 1: twenty seven four whizz Air they reiterated at the same time, 63 00:03:35,720 --> 00:03:39,280 Speaker 1: IAG is their top pick. So shares of WIZ falling 64 00:03:39,600 --> 00:03:40,800 Speaker 1: on the back of this. And if you look at 65 00:03:40,840 --> 00:03:43,280 Speaker 1: the analyst ratings they've got at the moment, they've got 66 00:03:43,400 --> 00:03:47,040 Speaker 1: six buys, twelve holds and seven cells, So potentially a 67 00:03:47,040 --> 00:03:51,760 Speaker 1: bit of tentative thinking from analysts there and a mixed picture. 68 00:03:51,880 --> 00:03:55,160 Speaker 1: So yeah, downgraded from Bank of America, which is pulling 69 00:03:55,200 --> 00:03:55,720 Speaker 1: down those shares. 70 00:03:55,720 --> 00:04:00,880 Speaker 2: This morning in London, the Stock Movers Report Bloomberg Radio. 71 00:04:01,360 --> 00:04:03,520 Speaker 2: Check back with us throughout the day for the latest 72 00:04:03,600 --> 00:04:06,800 Speaker 2: roundup of companies making news on Wall Street and for 73 00:04:06,880 --> 00:04:10,800 Speaker 2: the latest market moving headlines. 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