Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Now, let's take a look at some of the stocks
Speaker 3: on the move today here in Europe. I'm Caroline Hepkar
Speaker 3: with Stephen Cowell, and we're joined by Bloomberg reporter Cloi Malay.
Speaker 3: Let's start with looking at a Mundi shares up after
Speaker 3: it reported a profit beat and presented a share buy back.
Speaker 4: Tell us all the details.
Speaker 5: Yeah, so Mundy actually really benefited from Donald Trump burning
Speaker 5: all the bridges that it has that he has with Europe.
Speaker 5: So the companies said that it had really benefited from
Speaker 5: investors essentially wanting to move away from US assets and
Speaker 5: from the dollar as well. And that is because, of course,
Speaker 5: they're driven in part because of the rising tensions between
Speaker 5: Trump and European allies with the threats of the Greenland,
Speaker 5: the threats of A tariffs as well, and that has
Speaker 5: led investors kind of want to to move away from
Speaker 5: some of those US assets. And a Mundi is known
Speaker 5: for its kind of geographic and also a product diversification,
Speaker 5: which means that it was able to capitalize quite well
Speaker 5: on investors kind of wanting a broader range of investments
Speaker 5: in a wider set of geographies, and the CEO said,
Speaker 5: for example, the investors were really keen on European assets,
Speaker 5: but also emerging markets like India as well, and so
Speaker 5: all of that means that there was more money coming
Speaker 5: to Europe and that's obviously good news for the largest
Speaker 5: asset manager in the region. And so we have profit
Speaker 5: ahead of expectations and a big buyback, which obviously is
Speaker 5: always something that investors are quite excited about.
Speaker 1: Okay, so that's a Mundi shares which are currently nearly
Speaker 1: five percent actually turning next to one of the biggest
Speaker 1: followers publicists, the frant Advertising Giant, down six point seven
Speaker 1: percent at the moment.
Speaker 5: Yeah, it's quite interesting because on the surface it looks
Speaker 5: actually pretty good for publicists.
Speaker 2: You know.
Speaker 5: The revenue growth in the fourth quarter was stronger than expected.
Speaker 5: The guidance for twenty twenty six was also slightly ahead
Speaker 5: of expectations, and the company said that AI products will
Speaker 5: continue to really drive growth for the company this year.
Speaker 5: Is said that it had also a budget of nine
Speaker 5: hundred million euros to buy companies within that AI space
Speaker 5: so that it can broaden that AI portfolio. So Publicist
Speaker 5: is really trying to push back against a narrative that
Speaker 5: advertising companies will actually be losers in this kind of
Speaker 5: AI trade, because AI could disrupt the advertising sector by
Speaker 5: allowing businesses to make ads themselves faster and cheaper as well.
Speaker 5: But it seems that perhaps the outlook itself was the
Speaker 5: thing that disappointed investors. Publicist is known for being quite
Speaker 5: conservative with its guidance at the beginning of the year
Speaker 5: and leaving room for upgrades, and so maybe the outlook
Speaker 5: is what is leading those shares a lower this morning,
Speaker 5: and perhaps investors, maybe some of them, aren't quite convinced
Speaker 5: by the fact that Publicist could actually be an AI
Speaker 5: winner in this way and be able to stand out
Speaker 5: amongst all of these other advertising companies.
Speaker 4: Yeah, the kind of company talking about transformational growth. Axo
Speaker 4: no Bell shares down after it warned of a tough
Speaker 4: year ahead. What are the concerns for investors?
Speaker 5: Yeah, there seems that there's no sign of recovery at Exoobel.
Speaker 5: So this is part of this broader trend of the
Speaker 5: chemical sector being while struggling quite a bit because of
Speaker 5: end markets being quite weak. So for Exoobel, which is
Speaker 5: a paint maker, it's coatings business sells chemicals product chemical
Speaker 5: products to customers in industries like carmaking, like industrials, the
Speaker 5: marine industry as well, and so all of those are
Speaker 5: struggling to an extent, and therefore customers are pulling back,
Speaker 5: They're not wanting as much paint, and therefore it is
Speaker 5: really struggling. And Axo Noobil has been having a tough
Speaker 5: time for a little while now. This was something that
Speaker 5: we talked about last year as well, and it's been
Speaker 5: trying to counter that by cutting loads of jobs and
Speaker 5: closing down some sites as well. It said that it
Speaker 5: has cut around at twenty nine hundreds by the end
Speaker 5: of last year, and that is nine hundred positions more
Speaker 5: than it had initially a planned. So it's really trying
Speaker 5: to boost that efficiency. And then going forward, we'll actually
Speaker 5: be doing this alone in this difficult market because it
Speaker 5: is merging with Exalter, which is a smaller paint maker,
Speaker 5: and that deal is expected to close in early twenty
Speaker 5: twenty seven at the latest, but until then it might
Speaker 5: see some of that difficulty continuing.
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