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 --> 00:00:17,759 Speaker 3: Now, let's think at some of the stocks on the 5 00:00:17,800 --> 00:00:20,080 Speaker 3: move today here in Europe. I'm Caroline Hepcat and I'm 6 00:00:20,120 --> 00:00:22,200 Speaker 3: joined by Bloomberg Report at clok Malay. 7 00:00:22,239 --> 00:00:23,000 Speaker 1: Good morning, go. 8 00:00:23,640 --> 00:00:26,439 Speaker 3: So can we start with LVMAH, which you've been watching 9 00:00:26,520 --> 00:00:30,760 Speaker 3: as we've been writing about how Europe's giants are taking 10 00:00:30,800 --> 00:00:31,720 Speaker 3: a hit. Why. 11 00:00:32,000 --> 00:00:34,280 Speaker 4: Yeah, So LVMHOR is a little weaker today, and it 12 00:00:34,360 --> 00:00:36,360 Speaker 4: has been weak now for a little while, and it's 13 00:00:36,360 --> 00:00:38,599 Speaker 4: had quite a tough start to the year. And as 14 00:00:38,640 --> 00:00:41,360 Speaker 4: you said, this is part of this broader trend of 15 00:00:41,560 --> 00:00:44,680 Speaker 4: European giants taking kind of quite the beating. So we 16 00:00:44,760 --> 00:00:49,440 Speaker 4: have LVMH, SAP, and Nova Noordsk of course, three major 17 00:00:49,520 --> 00:00:53,080 Speaker 4: companies and three companies that were market darlings at some point. 18 00:00:53,640 --> 00:00:56,200 Speaker 4: They have fallen about thirty percent so far this year, 19 00:00:56,200 --> 00:00:59,280 Speaker 4: and so they've accounted for over half of the four 20 00:00:59,360 --> 00:01:03,279 Speaker 4: hundred and twenty billion euros that's been wiped off European 21 00:01:03,320 --> 00:01:06,400 Speaker 4: stocks this quarter. So we're very much talking about a 22 00:01:06,480 --> 00:01:09,520 Speaker 4: sort of fall from grace for these companies, and they've 23 00:01:09,560 --> 00:01:12,280 Speaker 4: been facing a bunch of challenges that are both kind 24 00:01:12,280 --> 00:01:13,600 Speaker 4: of industry wide. 25 00:01:13,600 --> 00:01:14,800 Speaker 1: And company specific. 26 00:01:14,920 --> 00:01:18,840 Speaker 4: So for LVMH, there's kind of this luxury downturn continuing. 27 00:01:19,520 --> 00:01:22,680 Speaker 4: For Asap, we've got the continued concern of the impact 28 00:01:22,720 --> 00:01:25,560 Speaker 4: of AI on software companies, and in for and overdoor 29 00:01:25,600 --> 00:01:28,280 Speaker 4: disc there's the competition from Eli Lilly and then also 30 00:01:28,640 --> 00:01:31,680 Speaker 4: some trial setbacks as well that have been really hurting 31 00:01:31,959 --> 00:01:34,920 Speaker 4: the share price. And of those three, VMH has been 32 00:01:34,920 --> 00:01:39,520 Speaker 4: the biggest loser. It's lost ninety billion euros in market capitalization. 33 00:01:39,760 --> 00:01:43,040 Speaker 4: And so this is a really interesting kind of trend 34 00:01:43,040 --> 00:01:46,400 Speaker 4: where we're seeing those major companies taking quite the hit. 35 00:01:46,440 --> 00:01:49,240 Speaker 4: And we're now, of course waiting for first quarter reports 36 00:01:49,240 --> 00:01:51,640 Speaker 4: that come in that start coming through in the next 37 00:01:51,640 --> 00:01:53,880 Speaker 4: couple of weeks, and that will hopefully shad a little 38 00:01:53,880 --> 00:01:57,040 Speaker 4: bit more light on what's happening, you know, in the 39 00:01:57,080 --> 00:01:58,080 Speaker 4: future for those companies. 40 00:01:58,160 --> 00:02:02,120 Speaker 3: Yeah, absolutely, the luxury sector in you so important. Let's 41 00:02:02,160 --> 00:02:06,360 Speaker 3: have a look at the media company Future seeing a 42 00:02:06,520 --> 00:02:07,720 Speaker 3: really big decline. 43 00:02:08,000 --> 00:02:10,840 Speaker 1: Why yeah, so Future is an internet publisher. 44 00:02:10,880 --> 00:02:14,520 Speaker 4: It owns websites like Mary Claire, like tech Radar, et cetera. 45 00:02:15,120 --> 00:02:17,440 Speaker 4: And so it's a media company, and that is a 46 00:02:17,480 --> 00:02:20,679 Speaker 4: company that relies on website traffic, and so for a 47 00:02:20,720 --> 00:02:23,200 Speaker 4: while it was able to rely on SEO so that 48 00:02:23,240 --> 00:02:26,680 Speaker 4: its links, you know, appeared first on Google Search, people 49 00:02:26,680 --> 00:02:28,600 Speaker 4: clicked on them, they got to have some ads, and 50 00:02:28,600 --> 00:02:31,400 Speaker 4: then Future made money in that way. The problem now, 51 00:02:31,440 --> 00:02:34,040 Speaker 4: of course, is that we've got Ai overviews, which means 52 00:02:34,080 --> 00:02:37,239 Speaker 4: that people just don't just read that and they don't 53 00:02:37,280 --> 00:02:40,880 Speaker 4: necessarily click any further, and that's really starting to feed 54 00:02:40,919 --> 00:02:44,280 Speaker 4: through into earnings for Future. So it's said this morning 55 00:02:44,360 --> 00:02:47,840 Speaker 4: that while they expected some shifts in the audience that 56 00:02:47,919 --> 00:02:51,280 Speaker 4: is derived from Google Search, these changes have been more 57 00:02:51,320 --> 00:02:55,280 Speaker 4: pronounced than they anticipated, and so that has meant a 58 00:02:55,360 --> 00:02:58,880 Speaker 4: negative impact on advertising and e commerce revenue, and that 59 00:02:59,080 --> 00:03:02,320 Speaker 4: has led the company cut its outlook for margin, and 60 00:03:02,360 --> 00:03:05,320 Speaker 4: that is really pointing to some worrying trends for the business, 61 00:03:05,320 --> 00:03:07,520 Speaker 4: and we've seen the shares really slump this morning as 62 00:03:07,520 --> 00:03:08,000 Speaker 4: a result. 63 00:03:09,080 --> 00:03:13,919 Speaker 3: Lastly, the Italian group Monday's is planning to boost a 64 00:03:14,000 --> 00:03:18,160 Speaker 3: steak in the Channel tunnel operator. How market's responding to. 65 00:03:18,160 --> 00:03:19,359 Speaker 1: That pretty well. 66 00:03:19,400 --> 00:03:22,480 Speaker 4: So Getlink is the operator of the Channel tunnel and 67 00:03:22,520 --> 00:03:25,160 Speaker 4: it's getting as you said, some investment from Mundy's. So 68 00:03:25,320 --> 00:03:29,320 Speaker 4: Mindy's the Italian operator of airports motorways, and it plans 69 00:03:29,360 --> 00:03:31,840 Speaker 4: to raise a steak in get Link to as high 70 00:03:31,880 --> 00:03:34,240 Speaker 4: as twenty five percent, and so that would mean a 71 00:03:34,240 --> 00:03:38,160 Speaker 4: steak worth about nine hundred million euros. And so boosting 72 00:03:38,200 --> 00:03:41,280 Speaker 4: that steak for Mondy's would be sort of helping its 73 00:03:41,320 --> 00:03:44,560 Speaker 4: push into the French infrastructure market, which is part of 74 00:03:44,560 --> 00:03:48,000 Speaker 4: the broader strategy for the company of expanding its focus 75 00:03:48,040 --> 00:03:49,800 Speaker 4: on European transport assets. 76 00:03:49,800 --> 00:03:52,960 Speaker 1: In particular. Mundy's did say that this was not a. 77 00:03:52,960 --> 00:03:56,560 Speaker 4: First step towards a takeover approach, and the news really 78 00:03:56,600 --> 00:03:59,800 Speaker 4: boosted shares in Gettling this morning the news of that investment, 79 00:04:00,240 --> 00:04:03,360 Speaker 4: and it's extended what's already been a really strong start 80 00:04:03,400 --> 00:04:06,640 Speaker 4: to the year for this infrastructure company. We're up almost 81 00:04:06,640 --> 00:04:09,200 Speaker 4: eighteen percent so far this year, and it seems like 82 00:04:09,240 --> 00:04:10,280 Speaker 4: that will be continuing. 83 00:04:11,480 --> 00:04:15,520 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 84 00:04:15,600 --> 00:04:18,160 Speaker 2: us throughout the day for the latest roundup of companies 85 00:04:18,240 --> 00:04:21,320 Speaker 2: making news on Wall Street and for the latest market 86 00:04:21,360 --> 00:04:25,799 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 87 00:04:25,920 --> 00:04:29,440 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 88 00:04:29,480 --> 00:04:30,960 Speaker 2: the Bloomberg Business App.