Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The.
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: Let's take a look at some of the stocks on
Speaker 3: the move today here in Europe. I'm Caroline Hetget and
Speaker 3: we're joined by Bloomberg's Cloak Malay Cloak. Good morning, Really
Speaker 3: strong performance for Puma. What's behind the big gains for
Speaker 3: that share?
Speaker 4: Yeah, Puma is getting courted, It's getting quite a lot
Speaker 4: of m and a attention. So the Chinese company Anta
Speaker 4: Sports is said to be considering a takeover bit for Puma,
Speaker 4: and that's just one of several other bidders that could
Speaker 4: potentially be interested. That also includes another Chinese company called
Speaker 4: Leaning and also the a Japanese firm Assas. So investors
Speaker 4: reacted very positively to that, with the shares jumping massively
Speaker 4: this morning. Of course, all of those potential bids are preliminary.
Speaker 4: This is kind of early stages discussions, and big potential
Speaker 4: obstacle to any deal would be maybe the billionaire Pino family,
Speaker 4: which is the biggest a shareholder, and the expectations around
Speaker 4: evaluation from them might become a problem later on, but
Speaker 4: in any case, Pumo is in quite a tough spot
Speaker 4: at the moment. That means that sharks will probably continue
Speaker 4: to circle. So it's been failing to generate a lot
Speaker 4: of excitement around its new products, struggling to compete as
Speaker 4: well with Nike and Adidas, which are kind of the
Speaker 4: biggest competitors, and it still wants to return to growth
Speaker 4: by twenty twenty seven.
Speaker 1: But let's see if it survives until then. Okay, that's interesting.
Speaker 3: Remy Cuatro their latest earnings or do they show.
Speaker 4: So first half profit actually fell and same for sales,
Speaker 4: but that was that decline was actually a little bit
Speaker 4: better than feared and it also confirmed a guidance and
Speaker 4: so that's what the market has focused on. So there's
Speaker 4: some weakness, but it's not as bad as expected. This
Speaker 4: is very This is something that Remi Couantro has been.
Speaker 4: It's been facing quite a lot of challenges so including
Speaker 4: with including trade tensions in two of the biggest markets
Speaker 4: in the US and China.
Speaker 1: It's also faced currency headwinds.
Speaker 4: There's also been an alcohol ban for official functions in
Speaker 4: China that's not helped either. And this is all of
Speaker 4: those kind of challenges that have also been faced by
Speaker 4: its its biggest paer, which is piano rical as well.
Speaker 4: So there's been quite a lot of weakness there, but
Speaker 4: it looks like sales might be stabilizing. It looks like
Speaker 4: this consumer confidence is improving in China and the US,
Speaker 4: and those are the biggest markets, and therefore this has
Speaker 4: been seen as quite encouraging by investors, quite reassuring. The
Speaker 4: company said that it will probably manage to return to
Speaker 4: growth in the second half of its financial years, so
Speaker 4: it has shaken off some of those challenges. It is
Speaker 4: stabilizing and there's still quite a long way to go,
Speaker 4: but this was seen as quite positive for the market.
Speaker 1: Hmm.
Speaker 3: Okay, So that's on Remi Quacha And what about Deutsche
Speaker 3: BAUSA a sign if you're peon prosperity to come again,
Speaker 3: a stock that's been gaining.
Speaker 4: Yeah, So the exchange operator was upgraded to a BIO
Speaker 4: rating by JP Morgan. So the analyst said that the
Speaker 4: current valuation of the shares was failing to reflect the
Speaker 4: quality and the diversification of that business, and they said
Speaker 4: that twenty twenty six looks to be very positive for
Speaker 4: Dotcha Bosser and said that there's going to be some
Speaker 4: big political events, maybe geopolitical uncertainty continuing, which means that
Speaker 4: we'll potentially see more volatility, and that means that Deutsche
Speaker 4: Bosser could be benefiting from that could outperform. We've seen
Speaker 4: exchange operators across Europe really benefiting from the market volatility
Speaker 4: that we had earlier in the year, with really positive
Speaker 4: results in the trading divisions for your Next and the
Speaker 4: London Stock Exchange Group for example.
Speaker 1: This calmed down a little.
Speaker 4: Bit over the second half of the yearbook analysts at
Speaker 4: JP Morgan are saying that if that volatility does pick up,
Speaker 4: then that would be very beneficial for Deutsche Bosser. Something
Speaker 4: that has been kind of looming over those kind of
Speaker 4: market infrastructure companies is fears of AI disruption. So some
Speaker 4: investors are worried that AI models could make some parts
Speaker 4: of Dotchibos's business obsolete. But what anis are saying that
Speaker 4: is that the diversification of the business model for those
Speaker 4: companies is really helping with that and preventing that.
Speaker 1: So overall looks very positive.
Speaker 4: For Doucheboson, but we'll see if that volatility doesn't need
Speaker 4: to pick up next year.
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