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
00:00:16,640 --> 00:00:19,000
Speaker 3: Let's take a look at some of the stocks on

5
00:00:19,040 --> 00:00:21,680
Speaker 3: the move today here in Europe. I'm Caroline Hetget and

6
00:00:21,680 --> 00:00:25,280
Speaker 3: we're joined by Bloomberg's Cloak Malay Cloak. Good morning, Really

7
00:00:25,320 --> 00:00:28,600
Speaker 3: strong performance for Puma. What's behind the big gains for

8
00:00:28,800 --> 00:00:29,520
Speaker 3: that share?

9
00:00:29,800 --> 00:00:31,960
Speaker 4: Yeah, Puma is getting courted, It's getting quite a lot

10
00:00:32,000 --> 00:00:34,840
Speaker 4: of m and a attention. So the Chinese company Anta

11
00:00:34,920 --> 00:00:38,440
Speaker 4: Sports is said to be considering a takeover bit for Puma,

12
00:00:38,440 --> 00:00:41,080
Speaker 4: and that's just one of several other bidders that could

13
00:00:41,120 --> 00:00:45,280
Speaker 4: potentially be interested. That also includes another Chinese company called

14
00:00:45,360 --> 00:00:49,280
Speaker 4: Leaning and also the a Japanese firm Assas. So investors

15
00:00:49,280 --> 00:00:52,919
Speaker 4: reacted very positively to that, with the shares jumping massively

16
00:00:53,320 --> 00:00:56,880
Speaker 4: this morning. Of course, all of those potential bids are preliminary.

17
00:00:56,920 --> 00:01:00,840
Speaker 4: This is kind of early stages discussions, and big potential

18
00:01:00,840 --> 00:01:04,440
Speaker 4: obstacle to any deal would be maybe the billionaire Pino family,

19
00:01:04,480 --> 00:01:07,800
Speaker 4: which is the biggest a shareholder, and the expectations around

20
00:01:08,000 --> 00:01:11,360
Speaker 4: evaluation from them might become a problem later on, but

21
00:01:11,680 --> 00:01:13,640
Speaker 4: in any case, Pumo is in quite a tough spot

22
00:01:13,680 --> 00:01:16,520
Speaker 4: at the moment. That means that sharks will probably continue

23
00:01:16,560 --> 00:01:19,600
Speaker 4: to circle. So it's been failing to generate a lot

24
00:01:19,600 --> 00:01:22,959
Speaker 4: of excitement around its new products, struggling to compete as

25
00:01:22,959 --> 00:01:25,399
Speaker 4: well with Nike and Adidas, which are kind of the

26
00:01:25,400 --> 00:01:28,760
Speaker 4: biggest competitors, and it still wants to return to growth

27
00:01:28,760 --> 00:01:29,759
Speaker 4: by twenty twenty seven.

28
00:01:29,800 --> 00:01:34,080
Speaker 1: But let's see if it survives until then. Okay, that's interesting.

29
00:01:34,200 --> 00:01:37,520
Speaker 3: Remy Cuatro their latest earnings or do they show.

30
00:01:37,920 --> 00:01:41,520
Speaker 4: So first half profit actually fell and same for sales,

31
00:01:41,560 --> 00:01:44,960
Speaker 4: but that was that decline was actually a little bit

32
00:01:44,959 --> 00:01:49,280
Speaker 4: better than feared and it also confirmed a guidance and

33
00:01:49,320 --> 00:01:52,080
Speaker 4: so that's what the market has focused on. So there's

34
00:01:52,280 --> 00:01:56,200
Speaker 4: some weakness, but it's not as bad as expected. This

35
00:01:56,560 --> 00:02:00,600
Speaker 4: is very This is something that Remi Couantro has been.

36
00:02:00,800 --> 00:02:03,480
Speaker 4: It's been facing quite a lot of challenges so including

37
00:02:03,720 --> 00:02:06,880
Speaker 4: with including trade tensions in two of the biggest markets

38
00:02:06,880 --> 00:02:08,040
Speaker 4: in the US and China.

39
00:02:08,040 --> 00:02:09,760
Speaker 1: It's also faced currency headwinds.

40
00:02:10,560 --> 00:02:13,040
Speaker 4: There's also been an alcohol ban for official functions in

41
00:02:13,120 --> 00:02:15,840
Speaker 4: China that's not helped either. And this is all of

42
00:02:15,880 --> 00:02:18,320
Speaker 4: those kind of challenges that have also been faced by

43
00:02:18,639 --> 00:02:21,839
Speaker 4: its its biggest paer, which is piano rical as well.

44
00:02:21,880 --> 00:02:24,240
Speaker 4: So there's been quite a lot of weakness there, but

45
00:02:24,280 --> 00:02:27,440
Speaker 4: it looks like sales might be stabilizing. It looks like

46
00:02:28,160 --> 00:02:31,360
Speaker 4: this consumer confidence is improving in China and the US,

47
00:02:31,360 --> 00:02:34,920
Speaker 4: and those are the biggest markets, and therefore this has

48
00:02:34,960 --> 00:02:38,160
Speaker 4: been seen as quite encouraging by investors, quite reassuring. The

49
00:02:38,200 --> 00:02:40,720
Speaker 4: company said that it will probably manage to return to

50
00:02:40,760 --> 00:02:43,520
Speaker 4: growth in the second half of its financial years, so

51
00:02:44,240 --> 00:02:46,440
Speaker 4: it has shaken off some of those challenges. It is

52
00:02:46,480 --> 00:02:48,920
Speaker 4: stabilizing and there's still quite a long way to go,

53
00:02:49,520 --> 00:02:52,280
Speaker 4: but this was seen as quite positive for the market.

54
00:02:52,440 --> 00:02:52,760
Speaker 1: Hmm.

55
00:02:53,120 --> 00:02:56,640
Speaker 3: Okay, So that's on Remi Quacha And what about Deutsche

56
00:02:56,800 --> 00:03:00,320
Speaker 3: BAUSA a sign if you're peon prosperity to come again,

57
00:03:00,400 --> 00:03:01,680
Speaker 3: a stock that's been gaining.

58
00:03:01,880 --> 00:03:04,839
Speaker 4: Yeah, So the exchange operator was upgraded to a BIO

59
00:03:04,919 --> 00:03:07,959
Speaker 4: rating by JP Morgan. So the analyst said that the

60
00:03:08,040 --> 00:03:11,480
Speaker 4: current valuation of the shares was failing to reflect the

61
00:03:11,639 --> 00:03:14,919
Speaker 4: quality and the diversification of that business, and they said

62
00:03:14,960 --> 00:03:18,000
Speaker 4: that twenty twenty six looks to be very positive for

63
00:03:18,080 --> 00:03:20,600
Speaker 4: Dotcha Bosser and said that there's going to be some

64
00:03:20,639 --> 00:03:24,920
Speaker 4: big political events, maybe geopolitical uncertainty continuing, which means that

65
00:03:24,960 --> 00:03:28,200
Speaker 4: we'll potentially see more volatility, and that means that Deutsche

66
00:03:28,200 --> 00:03:31,800
Speaker 4: Bosser could be benefiting from that could outperform. We've seen

67
00:03:31,840 --> 00:03:35,880
Speaker 4: exchange operators across Europe really benefiting from the market volatility

68
00:03:35,920 --> 00:03:38,600
Speaker 4: that we had earlier in the year, with really positive

69
00:03:38,640 --> 00:03:41,800
Speaker 4: results in the trading divisions for your Next and the

70
00:03:41,840 --> 00:03:43,760
Speaker 4: London Stock Exchange Group for example.

71
00:03:44,200 --> 00:03:45,400
Speaker 1: This calmed down a little.

72
00:03:45,200 --> 00:03:47,840
Speaker 4: Bit over the second half of the yearbook analysts at

73
00:03:47,880 --> 00:03:51,000
Speaker 4: JP Morgan are saying that if that volatility does pick up,

74
00:03:51,000 --> 00:03:55,000
Speaker 4: then that would be very beneficial for Deutsche Bosser. Something

75
00:03:55,040 --> 00:03:57,440
Speaker 4: that has been kind of looming over those kind of

76
00:03:57,440 --> 00:04:01,440
Speaker 4: market infrastructure companies is fears of AI disruption. So some

77
00:04:01,520 --> 00:04:04,960
Speaker 4: investors are worried that AI models could make some parts

78
00:04:05,120 --> 00:04:09,120
Speaker 4: of Dotchibos's business obsolete. But what anis are saying that

79
00:04:09,240 --> 00:04:12,080
Speaker 4: is that the diversification of the business model for those

80
00:04:12,080 --> 00:04:15,040
Speaker 4: companies is really helping with that and preventing that.

81
00:04:15,200 --> 00:04:17,240
Speaker 1: So overall looks very positive.

82
00:04:16,920 --> 00:04:19,840
Speaker 4: For Doucheboson, but we'll see if that volatility doesn't need

83
00:04:19,880 --> 00:04:20,800
Speaker 4: to pick up next year.

84
00:04:22,040 --> 00:04:26,039
Speaker 2: The stock movers report from Bloomberg Radio. Check back with

85
00:04:26,120 --> 00:04:28,720
Speaker 2: us throughout the day for the latest roundup of companies

86
00:04:28,800 --> 00:04:31,880
Speaker 2: making news on Wall Street, and for the latest market

87
00:04:31,920 --> 00:04:36,400
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

88
00:04:36,480 --> 00:04:39,960
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

89
00:04:40,040 --> 00:04:41,520
Speaker 2: the Bloomberg Business app.