1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:18,160 --> 00:00:20,520 Speaker 3: Let's have a look at some of the other stocks 5 00:00:20,640 --> 00:00:23,160 Speaker 3: that are on the move today. In up we are 6 00:00:23,200 --> 00:00:26,000 Speaker 3: joined by our Equities report to Joe Easton to look 7 00:00:26,040 --> 00:00:28,280 Speaker 3: at those stocks moving in Europe. Good to have you 8 00:00:28,800 --> 00:00:32,959 Speaker 3: handbags at dawn. For the luxury sector today, we had 9 00:00:33,000 --> 00:00:35,879 Speaker 3: the results out from Ames, but actually it was a 10 00:00:35,880 --> 00:00:37,680 Speaker 3: bit of a battle. It does look like it's been 11 00:00:37,680 --> 00:00:39,800 Speaker 3: a bit of a battle to get those sales in, 12 00:00:39,960 --> 00:00:40,400 Speaker 3: hasn't it. 13 00:00:40,600 --> 00:00:44,880 Speaker 1: Yeah, so Ame is actually giving a surprising miss on 14 00:00:45,159 --> 00:00:48,680 Speaker 1: the quarterly sales numbers. Quarterly sales are out or around 15 00:00:49,080 --> 00:00:52,000 Speaker 1: around one percentage point. Struggle to get my words out there, 16 00:00:52,159 --> 00:00:55,520 Speaker 1: missing expectations from analysts. However, bear in mind that this 17 00:00:55,640 --> 00:00:59,640 Speaker 1: is a company that sells around sixteen billion euros worth 18 00:00:59,640 --> 00:01:03,160 Speaker 1: of luck goods per year, so not too bad. But 19 00:01:03,240 --> 00:01:06,360 Speaker 1: those burken bags just kind of missing the very high 20 00:01:06,520 --> 00:01:09,560 Speaker 1: end of expectations. I was on their website earlier. Some 21 00:01:09,600 --> 00:01:12,960 Speaker 1: of those bags selling for about eighty grand apiece, so 22 00:01:13,200 --> 00:01:15,200 Speaker 1: it's kind of not you don't just pop down to 23 00:01:15,280 --> 00:01:17,559 Speaker 1: the shop for one. I think it's you and I don't. 24 00:01:17,560 --> 00:01:21,759 Speaker 1: Well no, but I think, says the big news earlier 25 00:01:21,800 --> 00:01:23,800 Speaker 1: the week. Early in the week of course, becoming the 26 00:01:23,800 --> 00:01:29,640 Speaker 1: biggest European luxury goods company, overtaking LVMH after Elvimh's disappointing 27 00:01:29,720 --> 00:01:32,199 Speaker 1: numbers and it's just about clinging on to that spot 28 00:01:32,600 --> 00:01:35,400 Speaker 1: at the moment, but missing expectations and down four percent. 29 00:01:36,040 --> 00:01:39,520 Speaker 3: Zeeman's Energy is what is the best performer at the 30 00:01:39,560 --> 00:01:43,040 Speaker 3: start of European trading. Shares have been very active this morning. 31 00:01:43,080 --> 00:01:47,200 Speaker 1: Why so the company reporting really strong margins in both 32 00:01:47,200 --> 00:01:50,920 Speaker 1: its wind turbine and grid business of stock jumping eleven 33 00:01:50,960 --> 00:01:53,120 Speaker 1: percent at the moment by far the biggest move on 34 00:01:53,200 --> 00:01:56,680 Speaker 1: these stock six hundreds day now that takes it's one 35 00:01:56,760 --> 00:01:59,520 Speaker 1: year gain to around two hundred and sixty percent. Now, 36 00:01:59,560 --> 00:02:02,600 Speaker 1: the company had a really tough start to its life 37 00:02:02,640 --> 00:02:06,360 Speaker 1: when it was spun out of Semens, the conglomerate Semens, 38 00:02:06,560 --> 00:02:08,400 Speaker 1: but it has actually recovered a lot of that was 39 00:02:08,480 --> 00:02:10,760 Speaker 1: due to some issues in the US with some projects, 40 00:02:10,880 --> 00:02:13,600 Speaker 1: but really rallied from the lows over the past year. 41 00:02:14,040 --> 00:02:16,680 Speaker 1: Adding to that at the moment and also their electric 42 00:02:17,120 --> 00:02:20,960 Speaker 1: grid business. The traditional business is alongside the renewables doing 43 00:02:21,000 --> 00:02:25,440 Speaker 1: well as well, So Semens Energy best performing stock today and. 44 00:02:25,520 --> 00:02:30,280 Speaker 3: Let's check out Sainsbury's, the UK retailer. Of course, they 45 00:02:30,360 --> 00:02:32,600 Speaker 3: delivered on results. 46 00:02:32,240 --> 00:02:37,160 Speaker 1: So Sainsbury's, they have kind of beaten some of the 47 00:02:37,200 --> 00:02:39,760 Speaker 1: low end of expectations, so that this was a report 48 00:02:39,760 --> 00:02:42,160 Speaker 1: that was expected to be weak because a few weeks 49 00:02:42,200 --> 00:02:45,440 Speaker 1: ago we had an update from Asda, which is privately 50 00:02:45,440 --> 00:02:47,680 Speaker 1: held of course, but that was basically a profit warning. 51 00:02:47,720 --> 00:02:50,520 Speaker 1: They said that there's too much competition in supermarkets. Then 52 00:02:50,560 --> 00:02:53,640 Speaker 1: we had Tesco saying the same thing, saying that competition 53 00:02:54,040 --> 00:02:57,440 Speaker 1: really stepped up from Liddle, Audi and all the other 54 00:02:57,560 --> 00:03:00,160 Speaker 1: main players. So this was expected to be weak and 55 00:03:00,200 --> 00:03:03,160 Speaker 1: it is actually very weak. Sainsbury's basically saying they aren't 56 00:03:03,160 --> 00:03:05,519 Speaker 1: going to see any profit growth at all in the 57 00:03:05,600 --> 00:03:08,360 Speaker 1: year ahead. However, this was already priced into the stock 58 00:03:08,440 --> 00:03:12,480 Speaker 1: actually gaining around three percent. Sainsbury's also going to buy 59 00:03:12,520 --> 00:03:15,519 Speaker 1: back two hundred million pounds of shares and issue a 60 00:03:15,560 --> 00:03:18,640 Speaker 1: two hundred and fifty million pounds special dividend, so that 61 00:03:18,800 --> 00:03:21,840 Speaker 1: kind of probably being done to appease those investors that 62 00:03:21,880 --> 00:03:24,480 Speaker 1: aren't going to see much profit growth. Over the next year. 63 00:03:26,040 --> 00:03:30,160 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 64 00:03:30,240 --> 00:03:33,000 Speaker 2: us throughout the day for the latest roundup of companies 65 00:03:33,040 --> 00:03:36,080 Speaker 2: making news on Wall Street and for the latest market 66 00:03:36,120 --> 00:03:40,520 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 67 00:03:40,520 --> 00:03:43,800 Speaker 2: Bloomberg dot com, and on Applecarplay and Android otto with 68 00:03:43,840 --> 00:03:45,320 Speaker 2: the Bloomberg Business app.