WEBVTT - Puma Soars, Remy Cointreau Climnbs, Deutsche Boerse Gains

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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>Let's take a look at some of the stocks on

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<v Speaker 3>the move today here in Europe. I'm Caroline Hetget and

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<v Speaker 3>we're joined by Bloomberg's Cloak Malay Cloak. Good morning, Really

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<v Speaker 3>strong performance for Puma. What's behind the big gains for

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<v Speaker 3>that share?

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<v Speaker 4>Yeah, Puma is getting courted, It's getting quite a lot

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<v Speaker 4>of m and a attention. So the Chinese company Anta

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<v Speaker 4>Sports is said to be considering a takeover bit for Puma,

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<v Speaker 4>and that's just one of several other bidders that could

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<v Speaker 4>potentially be interested. That also includes another Chinese company called

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<v Speaker 4>Leaning and also the a Japanese firm Assas. So investors

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<v Speaker 4>reacted very positively to that, with the shares jumping massively

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<v Speaker 4>this morning. Of course, all of those potential bids are preliminary.

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<v Speaker 4>This is kind of early stages discussions, and big potential

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<v Speaker 4>obstacle to any deal would be maybe the billionaire Pino family,

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<v Speaker 4>which is the biggest a shareholder, and the expectations around

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<v Speaker 4>evaluation from them might become a problem later on, but

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<v Speaker 4>in any case, Pumo is in quite a tough spot

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<v Speaker 4>at the moment. That means that sharks will probably continue

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<v Speaker 4>to circle. So it's been failing to generate a lot

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<v Speaker 4>of excitement around its new products, struggling to compete as

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<v Speaker 4>well with Nike and Adidas, which are kind of the

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<v Speaker 4>biggest competitors, and it still wants to return to growth

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<v Speaker 4>by twenty twenty seven.

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<v Speaker 1>But let's see if it survives until then. Okay, that's interesting.

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<v Speaker 3>Remy Cuatro their latest earnings or do they show.

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<v Speaker 4>So first half profit actually fell and same for sales,

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<v Speaker 4>but that was that decline was actually a little bit

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<v Speaker 4>better than feared and it also confirmed a guidance and

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<v Speaker 4>so that's what the market has focused on. So there's

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<v Speaker 4>some weakness, but it's not as bad as expected. This

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<v Speaker 4>is very This is something that Remi Couantro has been.

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<v Speaker 4>It's been facing quite a lot of challenges so including

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<v Speaker 4>with including trade tensions in two of the biggest markets

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<v Speaker 4>in the US and China.

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<v Speaker 1>It's also faced currency headwinds.

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<v Speaker 4>There's also been an alcohol ban for official functions in

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<v Speaker 4>China that's not helped either. And this is all of

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<v Speaker 4>those kind of challenges that have also been faced by

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<v Speaker 4>its its biggest paer, which is piano rical as well.

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<v Speaker 4>So there's been quite a lot of weakness there, but

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<v Speaker 4>it looks like sales might be stabilizing. It looks like

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<v Speaker 4>this consumer confidence is improving in China and the US,

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<v Speaker 4>and those are the biggest markets, and therefore this has

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<v Speaker 4>been seen as quite encouraging by investors, quite reassuring. The

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<v Speaker 4>company said that it will probably manage to return to

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<v Speaker 4>growth in the second half of its financial years, so

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<v Speaker 4>it has shaken off some of those challenges. It is

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<v Speaker 4>stabilizing and there's still quite a long way to go,

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<v Speaker 4>but this was seen as quite positive for the market.

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<v Speaker 1>Hmm.

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<v Speaker 3>Okay, So that's on Remi Quacha And what about Deutsche

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<v Speaker 3>BAUSA a sign if you're peon prosperity to come again,

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<v Speaker 3>a stock that's been gaining.

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<v Speaker 4>Yeah, So the exchange operator was upgraded to a BIO

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<v Speaker 4>rating by JP Morgan. So the analyst said that the

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<v Speaker 4>current valuation of the shares was failing to reflect the

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<v Speaker 4>quality and the diversification of that business, and they said

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<v Speaker 4>that twenty twenty six looks to be very positive for

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<v Speaker 4>Dotcha Bosser and said that there's going to be some

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<v Speaker 4>big political events, maybe geopolitical uncertainty continuing, which means that

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<v Speaker 4>we'll potentially see more volatility, and that means that Deutsche

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<v Speaker 4>Bosser could be benefiting from that could outperform. We've seen

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<v Speaker 4>exchange operators across Europe really benefiting from the market volatility

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<v Speaker 4>that we had earlier in the year, with really positive

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<v Speaker 4>results in the trading divisions for your Next and the

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<v Speaker 4>London Stock Exchange Group for example.

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<v Speaker 1>This calmed down a little.

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<v Speaker 4>Bit over the second half of the yearbook analysts at

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<v Speaker 4>JP Morgan are saying that if that volatility does pick up,

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<v Speaker 4>then that would be very beneficial for Deutsche Bosser. Something

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<v Speaker 4>that has been kind of looming over those kind of

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<v Speaker 4>market infrastructure companies is fears of AI disruption. So some

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<v Speaker 4>investors are worried that AI models could make some parts

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<v Speaker 4>of Dotchibos's business obsolete. But what anis are saying that

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<v Speaker 4>is that the diversification of the business model for those

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<v Speaker 4>companies is really helping with that and preventing that.

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<v Speaker 1>So overall looks very positive.

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<v Speaker 4>For Doucheboson, but we'll see if that volatility doesn't need

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<v Speaker 4>to pick up next year.

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