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 00:00:16,560 --> 00:00:18,080 Speaker 3: Now, let's take a look at some of the stocks 5 00:00:18,079 --> 00:00:20,160 Speaker 3: on the move today here in Europe. I'm Caroline Hepkar 6 00:00:20,239 --> 00:00:23,640 Speaker 3: with Stephen Cowell, and we're joined by Bloomberg reporter Cloi Malay. 7 00:00:24,000 --> 00:00:26,960 Speaker 3: Let's start with looking at a Mundi shares up after 8 00:00:27,000 --> 00:00:30,600 Speaker 3: it reported a profit beat and presented a share buy back. 9 00:00:30,680 --> 00:00:31,920 Speaker 4: Tell us all the details. 10 00:00:32,159 --> 00:00:35,840 Speaker 5: Yeah, so Mundy actually really benefited from Donald Trump burning 11 00:00:35,840 --> 00:00:39,159 Speaker 5: all the bridges that it has that he has with Europe. 12 00:00:39,240 --> 00:00:41,760 Speaker 5: So the companies said that it had really benefited from 13 00:00:41,760 --> 00:00:45,120 Speaker 5: investors essentially wanting to move away from US assets and 14 00:00:46,120 --> 00:00:49,440 Speaker 5: from the dollar as well. And that is because, of course, 15 00:00:49,440 --> 00:00:52,479 Speaker 5: they're driven in part because of the rising tensions between 16 00:00:52,520 --> 00:00:55,560 Speaker 5: Trump and European allies with the threats of the Greenland, 17 00:00:55,560 --> 00:00:58,480 Speaker 5: the threats of A tariffs as well, and that has 18 00:00:58,560 --> 00:01:01,560 Speaker 5: led investors kind of want to to move away from 19 00:01:01,640 --> 00:01:04,200 Speaker 5: some of those US assets. And a Mundi is known 20 00:01:04,200 --> 00:01:07,840 Speaker 5: for its kind of geographic and also a product diversification, 21 00:01:07,959 --> 00:01:10,800 Speaker 5: which means that it was able to capitalize quite well 22 00:01:10,959 --> 00:01:13,959 Speaker 5: on investors kind of wanting a broader range of investments 23 00:01:14,000 --> 00:01:17,160 Speaker 5: in a wider set of geographies, and the CEO said, 24 00:01:17,160 --> 00:01:20,600 Speaker 5: for example, the investors were really keen on European assets, 25 00:01:20,600 --> 00:01:24,679 Speaker 5: but also emerging markets like India as well, and so 26 00:01:24,800 --> 00:01:27,120 Speaker 5: all of that means that there was more money coming 27 00:01:27,240 --> 00:01:29,880 Speaker 5: to Europe and that's obviously good news for the largest 28 00:01:29,880 --> 00:01:32,560 Speaker 5: asset manager in the region. And so we have profit 29 00:01:32,800 --> 00:01:35,920 Speaker 5: ahead of expectations and a big buyback, which obviously is 30 00:01:35,959 --> 00:01:38,840 Speaker 5: always something that investors are quite excited about. 31 00:01:39,600 --> 00:01:42,440 Speaker 1: Okay, so that's a Mundi shares which are currently nearly 32 00:01:42,480 --> 00:01:45,279 Speaker 1: five percent actually turning next to one of the biggest 33 00:01:45,280 --> 00:01:49,040 Speaker 1: followers publicists, the frant Advertising Giant, down six point seven 34 00:01:49,080 --> 00:01:49,920 Speaker 1: percent at the moment. 35 00:01:50,600 --> 00:01:53,160 Speaker 5: Yeah, it's quite interesting because on the surface it looks 36 00:01:53,240 --> 00:01:54,800 Speaker 5: actually pretty good for publicists. 37 00:01:54,840 --> 00:01:55,000 Speaker 2: You know. 38 00:01:55,040 --> 00:01:58,760 Speaker 5: The revenue growth in the fourth quarter was stronger than expected. 39 00:01:59,280 --> 00:02:02,160 Speaker 5: The guidance for twenty twenty six was also slightly ahead 40 00:02:02,320 --> 00:02:06,080 Speaker 5: of expectations, and the company said that AI products will 41 00:02:06,080 --> 00:02:08,919 Speaker 5: continue to really drive growth for the company this year. 42 00:02:08,960 --> 00:02:11,200 Speaker 5: Is said that it had also a budget of nine 43 00:02:11,240 --> 00:02:14,800 Speaker 5: hundred million euros to buy companies within that AI space 44 00:02:14,840 --> 00:02:18,720 Speaker 5: so that it can broaden that AI portfolio. So Publicist 45 00:02:18,720 --> 00:02:21,520 Speaker 5: is really trying to push back against a narrative that 46 00:02:21,600 --> 00:02:25,680 Speaker 5: advertising companies will actually be losers in this kind of 47 00:02:25,760 --> 00:02:29,320 Speaker 5: AI trade, because AI could disrupt the advertising sector by 48 00:02:29,360 --> 00:02:34,320 Speaker 5: allowing businesses to make ads themselves faster and cheaper as well. 49 00:02:35,240 --> 00:02:38,240 Speaker 5: But it seems that perhaps the outlook itself was the 50 00:02:38,240 --> 00:02:42,160 Speaker 5: thing that disappointed investors. Publicist is known for being quite 51 00:02:42,240 --> 00:02:45,480 Speaker 5: conservative with its guidance at the beginning of the year 52 00:02:45,560 --> 00:02:48,880 Speaker 5: and leaving room for upgrades, and so maybe the outlook 53 00:02:48,960 --> 00:02:51,359 Speaker 5: is what is leading those shares a lower this morning, 54 00:02:51,560 --> 00:02:54,320 Speaker 5: and perhaps investors, maybe some of them, aren't quite convinced 55 00:02:54,360 --> 00:02:57,360 Speaker 5: by the fact that Publicist could actually be an AI 56 00:02:57,400 --> 00:02:59,960 Speaker 5: winner in this way and be able to stand out 57 00:03:00,200 --> 00:03:02,720 Speaker 5: amongst all of these other advertising companies. 58 00:03:03,000 --> 00:03:08,400 Speaker 4: Yeah, the kind of company talking about transformational growth. Axo 59 00:03:08,840 --> 00:03:11,520 Speaker 4: no Bell shares down after it warned of a tough 60 00:03:11,639 --> 00:03:14,519 Speaker 4: year ahead. What are the concerns for investors? 61 00:03:14,919 --> 00:03:18,160 Speaker 5: Yeah, there seems that there's no sign of recovery at Exoobel. 62 00:03:18,280 --> 00:03:20,840 Speaker 5: So this is part of this broader trend of the 63 00:03:20,919 --> 00:03:24,880 Speaker 5: chemical sector being while struggling quite a bit because of 64 00:03:25,040 --> 00:03:27,840 Speaker 5: end markets being quite weak. So for Exoobel, which is 65 00:03:27,880 --> 00:03:31,799 Speaker 5: a paint maker, it's coatings business sells chemicals product chemical 66 00:03:31,800 --> 00:03:36,560 Speaker 5: products to customers in industries like carmaking, like industrials, the 67 00:03:36,640 --> 00:03:38,960 Speaker 5: marine industry as well, and so all of those are 68 00:03:39,000 --> 00:03:42,200 Speaker 5: struggling to an extent, and therefore customers are pulling back, 69 00:03:42,240 --> 00:03:45,320 Speaker 5: They're not wanting as much paint, and therefore it is 70 00:03:45,440 --> 00:03:48,880 Speaker 5: really struggling. And Axo Noobil has been having a tough 71 00:03:48,920 --> 00:03:50,720 Speaker 5: time for a little while now. This was something that 72 00:03:50,760 --> 00:03:52,840 Speaker 5: we talked about last year as well, and it's been 73 00:03:52,880 --> 00:03:55,480 Speaker 5: trying to counter that by cutting loads of jobs and 74 00:03:55,520 --> 00:03:58,040 Speaker 5: closing down some sites as well. It said that it 75 00:03:58,080 --> 00:04:01,360 Speaker 5: has cut around at twenty nine hundreds by the end 76 00:04:01,400 --> 00:04:04,640 Speaker 5: of last year, and that is nine hundred positions more 77 00:04:04,680 --> 00:04:07,280 Speaker 5: than it had initially a planned. So it's really trying 78 00:04:07,320 --> 00:04:11,240 Speaker 5: to boost that efficiency. And then going forward, we'll actually 79 00:04:11,240 --> 00:04:14,240 Speaker 5: be doing this alone in this difficult market because it 80 00:04:14,360 --> 00:04:17,640 Speaker 5: is merging with Exalter, which is a smaller paint maker, 81 00:04:17,720 --> 00:04:20,279 Speaker 5: and that deal is expected to close in early twenty 82 00:04:20,360 --> 00:04:23,159 Speaker 5: twenty seven at the latest, but until then it might 83 00:04:23,200 --> 00:04:25,320 Speaker 5: see some of that difficulty continuing. 84 00:04:26,120 --> 00:04:30,160 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 85 00:04:30,240 --> 00:04:32,839 Speaker 2: us throughout the day for the latest roundup of companies 86 00:04:32,880 --> 00:04:36,000 Speaker 2: making news on Wall Street and for the latest market 87 00:04:36,000 --> 00:04:40,479 Speaker 2: moving headlines. 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