WEBVTT - Amundi Soars, Publicis Dips, Akzo Nobel Down Movers_FINAL

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

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

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

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

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<v Speaker 3>on the move today here in Europe. I'm Caroline Hepkar

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<v Speaker 3>with Stephen Cowell, and we're joined by Bloomberg reporter Cloi Malay.

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<v Speaker 3>Let's start with looking at a Mundi shares up after

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<v Speaker 3>it reported a profit beat and presented a share buy back.

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<v Speaker 4>Tell us all the details.

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<v Speaker 5>Yeah, so Mundy actually really benefited from Donald Trump burning

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<v Speaker 5>all the bridges that it has that he has with Europe.

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<v Speaker 5>So the companies said that it had really benefited from

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<v Speaker 5>investors essentially wanting to move away from US assets and

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<v Speaker 5>from the dollar as well. And that is because, of course,

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<v Speaker 5>they're driven in part because of the rising tensions between

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<v Speaker 5>Trump and European allies with the threats of the Greenland,

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<v Speaker 5>the threats of A tariffs as well, and that has

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<v Speaker 5>led investors kind of want to to move away from

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<v Speaker 5>some of those US assets. And a Mundi is known

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<v Speaker 5>for its kind of geographic and also a product diversification,

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<v Speaker 5>which means that it was able to capitalize quite well

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<v Speaker 5>on investors kind of wanting a broader range of investments

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<v Speaker 5>in a wider set of geographies, and the CEO said,

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<v Speaker 5>for example, the investors were really keen on European assets,

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<v Speaker 5>but also emerging markets like India as well, and so

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<v Speaker 5>all of that means that there was more money coming

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<v Speaker 5>to Europe and that's obviously good news for the largest

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<v Speaker 5>asset manager in the region. And so we have profit

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<v Speaker 5>ahead of expectations and a big buyback, which obviously is

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<v Speaker 5>always something that investors are quite excited about.

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<v Speaker 1>Okay, so that's a Mundi shares which are currently nearly

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<v Speaker 1>five percent actually turning next to one of the biggest

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<v Speaker 1>followers publicists, the frant Advertising Giant, down six point seven

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<v Speaker 1>percent at the moment.

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<v Speaker 5>Yeah, it's quite interesting because on the surface it looks

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<v Speaker 5>actually pretty good for publicists.

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<v Speaker 2>You know.

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<v Speaker 5>The revenue growth in the fourth quarter was stronger than expected.

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<v Speaker 5>The guidance for twenty twenty six was also slightly ahead

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<v Speaker 5>of expectations, and the company said that AI products will

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<v Speaker 5>continue to really drive growth for the company this year.

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<v Speaker 5>Is said that it had also a budget of nine

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<v Speaker 5>hundred million euros to buy companies within that AI space

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<v Speaker 5>so that it can broaden that AI portfolio. So Publicist

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<v Speaker 5>is really trying to push back against a narrative that

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<v Speaker 5>advertising companies will actually be losers in this kind of

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<v Speaker 5>AI trade, because AI could disrupt the advertising sector by

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<v Speaker 5>allowing businesses to make ads themselves faster and cheaper as well.

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<v Speaker 5>But it seems that perhaps the outlook itself was the

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<v Speaker 5>thing that disappointed investors. Publicist is known for being quite

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<v Speaker 5>conservative with its guidance at the beginning of the year

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<v Speaker 5>and leaving room for upgrades, and so maybe the outlook

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<v Speaker 5>is what is leading those shares a lower this morning,

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<v Speaker 5>and perhaps investors, maybe some of them, aren't quite convinced

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<v Speaker 5>by the fact that Publicist could actually be an AI

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<v Speaker 5>winner in this way and be able to stand out

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<v Speaker 5>amongst all of these other advertising companies.

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<v Speaker 4>Yeah, the kind of company talking about transformational growth. Axo

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<v Speaker 4>no Bell shares down after it warned of a tough

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<v Speaker 4>year ahead. What are the concerns for investors?

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<v Speaker 5>Yeah, there seems that there's no sign of recovery at Exoobel.

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<v Speaker 5>So this is part of this broader trend of the

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<v Speaker 5>chemical sector being while struggling quite a bit because of

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<v Speaker 5>end markets being quite weak. So for Exoobel, which is

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<v Speaker 5>a paint maker, it's coatings business sells chemicals product chemical

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<v Speaker 5>products to customers in industries like carmaking, like industrials, the

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<v Speaker 5>marine industry as well, and so all of those are

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<v Speaker 5>struggling to an extent, and therefore customers are pulling back,

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<v Speaker 5>They're not wanting as much paint, and therefore it is

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<v Speaker 5>really struggling. And Axo Noobil has been having a tough

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<v Speaker 5>time for a little while now. This was something that

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<v Speaker 5>we talked about last year as well, and it's been

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<v Speaker 5>trying to counter that by cutting loads of jobs and

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<v Speaker 5>closing down some sites as well. It said that it

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<v Speaker 5>has cut around at twenty nine hundreds by the end

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<v Speaker 5>of last year, and that is nine hundred positions more

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<v Speaker 5>than it had initially a planned. So it's really trying

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<v Speaker 5>to boost that efficiency. And then going forward, we'll actually

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<v Speaker 5>be doing this alone in this difficult market because it

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<v Speaker 5>is merging with Exalter, which is a smaller paint maker,

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<v Speaker 5>and that deal is expected to close in early twenty

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<v Speaker 5>twenty seven at the latest, but until then it might

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<v Speaker 5>see some of that difficulty continuing.

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