WEBVTT - Richemont Jumps, Siemens Energy Gains, LLoyds Down

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 3>Now, let's look at some of the stocks on the

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

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<v Speaker 3>joined Bublinberg reported claim Malay, good morning, Clok. Let's think

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<v Speaker 3>of individual shares and particularly reach more the luxury group

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<v Speaker 3>their sales and a big bounce for their stock price.

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<v Speaker 1>Yeah, absolutely so, sales be estimates across all divisions for Richmond.

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<v Speaker 1>That was thanks to really strong demand in the US

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<v Speaker 1>and China in particular, So that echoes what we heard

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<v Speaker 1>from Barbury just yesterday, and then some of the other

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<v Speaker 1>luxury names as well throughout their earning season have mentioned

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<v Speaker 1>this rebound in the Chinese market. So this confirms the

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<v Speaker 1>narrative that has been building of recovery underway in the

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<v Speaker 1>luxury sector, and Richmond seems to be a particularly strong

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<v Speaker 1>name within that industry. So a lot of that has

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<v Speaker 1>with its jewelry segment, which includes a Cartier and Van

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<v Speaker 1>Cleef and that is doing particularly well. Jefferies, analyst said

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<v Speaker 1>that this kind of certifices Richmore as the fastest growing

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<v Speaker 1>in luxury. Another positive thing for that company is also

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<v Speaker 1>that there is progress on a teriff deal between the

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<v Speaker 1>US and Switzerland. So the chairman of Britishmore said this

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<v Speaker 1>morning that a deal should happen in the next few days,

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<v Speaker 1>and so that will provide that additional boost for that company.

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<v Speaker 1>The shares in Nishmore had already held up pretty well

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<v Speaker 1>regardless of that thirty nine percent rate that was mentioned

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<v Speaker 1>back in August, so who knows really how far they

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<v Speaker 1>could go if that challenge is removed as well.

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<v Speaker 3>Okay, very interesting on Rischmaar, the high end luxury group

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<v Speaker 3>and how well it's doing. Semen's Energy now, which has

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<v Speaker 3>raised its outlook due to strong demand for gas turbines

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<v Speaker 3>but also data center equipment.

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<v Speaker 1>Yes, the Semen's Energy is a really big beneficiary of

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<v Speaker 1>this artificial intelligence data center a buildout, so it provides

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<v Speaker 1>some of the equipment for that. So that includes are

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<v Speaker 1>transformers and circuit breakers that are used in data centers,

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<v Speaker 1>and then on the gas turbine side of things, it's

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<v Speaker 1>also really benefiting from this rise in global energy demand

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<v Speaker 1>and that has boosted that demand for those guess turbines

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<v Speaker 1>Seamen's Energy also said that the restructuring at the wind

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<v Speaker 1>turbine unit was progressing quite well. So it's still unprofitable,

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<v Speaker 1>but it expects now their division to potentially break even

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<v Speaker 1>in twenty twenty six. The challenges there include some of

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<v Speaker 1>the costs are associated with the ramp up in offshore wind,

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<v Speaker 1>low margin contracts in the onshore wind market, and then

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<v Speaker 1>US Tariff's also weighing there. So that is a little

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<v Speaker 1>bit of a weaker division, but seems to be on

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<v Speaker 1>the way on the way to recovery. And all of

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<v Speaker 1>that means that it has been able to high quite

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<v Speaker 1>substantially this medium term outlook and that has really boosted

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<v Speaker 1>the shares this morning. It seems that all of this

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<v Speaker 1>air optimism, this stronger energy demand is really is really

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<v Speaker 1>creating the momentum for Semen's Energy.

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<v Speaker 3>Hmm okay. In terms of Lloyd's Banking group that also

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<v Speaker 3>seems to be having a difficult moment today on the market.

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<v Speaker 3>Is that anything to do with the UK budget.

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<v Speaker 1>Yes, it does so. We had seen we have seen

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<v Speaker 1>this morning a little bit of a sell off across

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<v Speaker 1>those UK banks, across those UK stocks in general, but

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<v Speaker 1>UK banks in particular, and Lloyd's was one of them

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<v Speaker 1>and one of the worst affected. So a lot of

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<v Speaker 1>that has to do with with that possible well that

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<v Speaker 1>you've done from Rachel Reeves on the budget measures and

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<v Speaker 1>had those dropped plans to raise income texts, which that

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<v Speaker 1>prompted quite a sharp sell off in guilds and then

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<v Speaker 1>that weakness in those UK banks.

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<v Speaker 2>So she made that.

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<v Speaker 1>Decision because of because of potentially some internal pressure within

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<v Speaker 1>the party. So officials had worn that breaking Labour's election

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<v Speaker 1>promise of not raising income text could prompt those leadership challenges,

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<v Speaker 1>and we heard earlier this week about those potential leadership

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<v Speaker 1>threads faced by kir Starmer, so that be part of

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<v Speaker 1>the reason why she decided not to go ahead with it.

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<v Speaker 1>But now some investors are concerned about how she is

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<v Speaker 1>going to make up with that revenue shortfall. This obviously

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<v Speaker 1>also comes just a couple of weeks before the budget

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<v Speaker 1>is actually announced, so that creates quite a lot of uncertainty,

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<v Speaker 1>and we saw that reflected in some weakness for those

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<v Speaker 1>UK banks, and particularly Lloyd's given how domestically exposed it is.

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