1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,480 --> 00:00:17,959 Speaker 3: Now, let's look at some of the stocks on the 5 00:00:17,960 --> 00:00:19,960 Speaker 3: move today here in Europe. I'm Caroline Hedget and I'm 6 00:00:20,040 --> 00:00:23,640 Speaker 3: joined Bublinberg reported claim Malay, good morning, Clok. Let's think 7 00:00:23,640 --> 00:00:27,880 Speaker 3: of individual shares and particularly reach more the luxury group 8 00:00:27,960 --> 00:00:30,520 Speaker 3: their sales and a big bounce for their stock price. 9 00:00:30,640 --> 00:00:34,680 Speaker 1: Yeah, absolutely so, sales be estimates across all divisions for Richmond. 10 00:00:34,760 --> 00:00:37,280 Speaker 1: That was thanks to really strong demand in the US 11 00:00:37,360 --> 00:00:40,199 Speaker 1: and China in particular, So that echoes what we heard 12 00:00:40,240 --> 00:00:42,960 Speaker 1: from Barbury just yesterday, and then some of the other 13 00:00:43,040 --> 00:00:46,400 Speaker 1: luxury names as well throughout their earning season have mentioned 14 00:00:46,520 --> 00:00:49,920 Speaker 1: this rebound in the Chinese market. So this confirms the 15 00:00:50,000 --> 00:00:53,880 Speaker 1: narrative that has been building of recovery underway in the 16 00:00:53,960 --> 00:00:57,360 Speaker 1: luxury sector, and Richmond seems to be a particularly strong 17 00:00:57,440 --> 00:00:59,880 Speaker 1: name within that industry. So a lot of that has 18 00:01:00,160 --> 00:01:02,680 Speaker 1: with its jewelry segment, which includes a Cartier and Van 19 00:01:02,760 --> 00:01:06,679 Speaker 1: Cleef and that is doing particularly well. Jefferies, analyst said 20 00:01:06,720 --> 00:01:09,920 Speaker 1: that this kind of certifices Richmore as the fastest growing 21 00:01:10,000 --> 00:01:13,960 Speaker 1: in luxury. Another positive thing for that company is also 22 00:01:14,000 --> 00:01:16,480 Speaker 1: that there is progress on a teriff deal between the 23 00:01:16,600 --> 00:01:19,600 Speaker 1: US and Switzerland. So the chairman of Britishmore said this 24 00:01:19,680 --> 00:01:22,479 Speaker 1: morning that a deal should happen in the next few days, 25 00:01:22,480 --> 00:01:25,480 Speaker 1: and so that will provide that additional boost for that company. 26 00:01:25,880 --> 00:01:28,680 Speaker 1: The shares in Nishmore had already held up pretty well 27 00:01:29,360 --> 00:01:31,920 Speaker 1: regardless of that thirty nine percent rate that was mentioned 28 00:01:32,080 --> 00:01:34,640 Speaker 1: back in August, so who knows really how far they 29 00:01:34,680 --> 00:01:37,000 Speaker 1: could go if that challenge is removed as well. 30 00:01:37,640 --> 00:01:41,760 Speaker 3: Okay, very interesting on Rischmaar, the high end luxury group 31 00:01:42,120 --> 00:01:45,880 Speaker 3: and how well it's doing. Semen's Energy now, which has 32 00:01:46,120 --> 00:01:49,400 Speaker 3: raised its outlook due to strong demand for gas turbines 33 00:01:49,440 --> 00:01:51,320 Speaker 3: but also data center equipment. 34 00:01:51,640 --> 00:01:54,480 Speaker 1: Yes, the Semen's Energy is a really big beneficiary of 35 00:01:54,520 --> 00:01:58,720 Speaker 1: this artificial intelligence data center a buildout, so it provides 36 00:01:58,760 --> 00:02:00,960 Speaker 1: some of the equipment for that. So that includes are 37 00:02:00,960 --> 00:02:04,640 Speaker 1: transformers and circuit breakers that are used in data centers, 38 00:02:04,840 --> 00:02:07,080 Speaker 1: and then on the gas turbine side of things, it's 39 00:02:07,160 --> 00:02:11,440 Speaker 1: also really benefiting from this rise in global energy demand 40 00:02:11,480 --> 00:02:14,520 Speaker 1: and that has boosted that demand for those guess turbines 41 00:02:15,040 --> 00:02:18,320 Speaker 1: Seamen's Energy also said that the restructuring at the wind 42 00:02:18,320 --> 00:02:22,160 Speaker 1: turbine unit was progressing quite well. So it's still unprofitable, 43 00:02:22,200 --> 00:02:25,280 Speaker 1: but it expects now their division to potentially break even 44 00:02:25,360 --> 00:02:29,639 Speaker 1: in twenty twenty six. The challenges there include some of 45 00:02:29,680 --> 00:02:33,200 Speaker 1: the costs are associated with the ramp up in offshore wind, 46 00:02:33,680 --> 00:02:36,960 Speaker 1: low margin contracts in the onshore wind market, and then 47 00:02:37,080 --> 00:02:39,840 Speaker 1: US Tariff's also weighing there. So that is a little 48 00:02:39,840 --> 00:02:42,400 Speaker 1: bit of a weaker division, but seems to be on 49 00:02:42,440 --> 00:02:45,240 Speaker 1: the way on the way to recovery. And all of 50 00:02:45,240 --> 00:02:47,560 Speaker 1: that means that it has been able to high quite 51 00:02:47,560 --> 00:02:52,160 Speaker 1: substantially this medium term outlook and that has really boosted 52 00:02:52,160 --> 00:02:54,160 Speaker 1: the shares this morning. It seems that all of this 53 00:02:54,280 --> 00:02:59,040 Speaker 1: air optimism, this stronger energy demand is really is really 54 00:02:59,560 --> 00:03:01,359 Speaker 1: creating the momentum for Semen's Energy. 55 00:03:01,520 --> 00:03:08,680 Speaker 3: Hmm okay. In terms of Lloyd's Banking group that also 56 00:03:08,760 --> 00:03:12,320 Speaker 3: seems to be having a difficult moment today on the market. 57 00:03:12,400 --> 00:03:14,960 Speaker 3: Is that anything to do with the UK budget. 58 00:03:14,880 --> 00:03:16,919 Speaker 1: Yes, it does so. We had seen we have seen 59 00:03:17,000 --> 00:03:18,960 Speaker 1: this morning a little bit of a sell off across 60 00:03:18,960 --> 00:03:21,400 Speaker 1: those UK banks, across those UK stocks in general, but 61 00:03:21,520 --> 00:03:24,320 Speaker 1: UK banks in particular, and Lloyd's was one of them 62 00:03:24,320 --> 00:03:26,560 Speaker 1: and one of the worst affected. So a lot of 63 00:03:26,600 --> 00:03:28,920 Speaker 1: that has to do with with that possible well that 64 00:03:28,960 --> 00:03:31,520 Speaker 1: you've done from Rachel Reeves on the budget measures and 65 00:03:31,840 --> 00:03:35,360 Speaker 1: had those dropped plans to raise income texts, which that 66 00:03:35,480 --> 00:03:37,880 Speaker 1: prompted quite a sharp sell off in guilds and then 67 00:03:37,920 --> 00:03:40,080 Speaker 1: that weakness in those UK banks. 68 00:03:41,120 --> 00:03:42,720 Speaker 2: So she made that. 69 00:03:42,680 --> 00:03:46,760 Speaker 1: Decision because of because of potentially some internal pressure within 70 00:03:47,400 --> 00:03:50,640 Speaker 1: the party. So officials had worn that breaking Labour's election 71 00:03:50,720 --> 00:03:54,080 Speaker 1: promise of not raising income text could prompt those leadership challenges, 72 00:03:54,120 --> 00:03:57,040 Speaker 1: and we heard earlier this week about those potential leadership 73 00:03:57,080 --> 00:04:00,680 Speaker 1: threads faced by kir Starmer, so that be part of 74 00:04:00,720 --> 00:04:03,240 Speaker 1: the reason why she decided not to go ahead with it. 75 00:04:03,320 --> 00:04:06,000 Speaker 1: But now some investors are concerned about how she is 76 00:04:06,040 --> 00:04:09,880 Speaker 1: going to make up with that revenue shortfall. This obviously 77 00:04:09,960 --> 00:04:12,160 Speaker 1: also comes just a couple of weeks before the budget 78 00:04:12,200 --> 00:04:14,840 Speaker 1: is actually announced, so that creates quite a lot of uncertainty, 79 00:04:14,880 --> 00:04:17,920 Speaker 1: and we saw that reflected in some weakness for those 80 00:04:18,000 --> 00:04:22,040 Speaker 1: UK banks, and particularly Lloyd's given how domestically exposed it is. 81 00:04:23,279 --> 00:04:27,320 Speaker 2: The stock Movers report from Bloomberg Radio check back with 82 00:04:27,400 --> 00:04:29,960 Speaker 2: US throughout the day. For the latest roundup of companies 83 00:04:30,040 --> 00:04:33,160 Speaker 2: making news on Wall Street, and for the latest market 84 00:04:33,160 --> 00:04:37,640 Speaker 2: moving headlines. 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