1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:18,200 Speaker 1: Let's take a look at some stocks on the move 5 00:00:18,239 --> 00:00:20,840 Speaker 1: today in Europe. I'm Stephen Carroll with Lizzie Burden, and 6 00:00:20,920 --> 00:00:24,320 Speaker 1: we're joined by Bloomberg reporter Chloe Mela Chloy. Good morning. 7 00:00:24,400 --> 00:00:27,840 Speaker 1: Let's start with Berbery. Looks like investors are convinced by 8 00:00:27,840 --> 00:00:29,280 Speaker 1: the CEO's datst turnaround plan. 9 00:00:29,600 --> 00:00:32,760 Speaker 3: Yeah, absolutely so. Barberie's update this morning essentially tells us 10 00:00:32,760 --> 00:00:35,360 Speaker 3: what investors were really hoping for, which is that this 11 00:00:35,400 --> 00:00:38,519 Speaker 3: ton around strategy is working. So sales I came in 12 00:00:38,520 --> 00:00:41,760 Speaker 3: ahead of expectations and that is now the second consecutive 13 00:00:41,840 --> 00:00:44,239 Speaker 3: quarter of growth after a few years of back to 14 00:00:44,280 --> 00:00:48,440 Speaker 3: back sales declines for Birbery. The particularly reassuring bit about 15 00:00:48,479 --> 00:00:50,920 Speaker 3: this update is that China was one of the regions 16 00:00:50,960 --> 00:00:53,680 Speaker 3: that performed particularly well. And that is of course a 17 00:00:53,800 --> 00:00:56,720 Speaker 3: very essential market for luxury company and that is one 18 00:00:56,720 --> 00:00:58,880 Speaker 3: that has had a tough couple of years. So the 19 00:00:58,920 --> 00:01:01,560 Speaker 3: fact that things are getting better in China bodes quite 20 00:01:01,560 --> 00:01:04,880 Speaker 3: well for the rest of that sector. For burber in particular, 21 00:01:04,920 --> 00:01:07,520 Speaker 3: it shows that the strategy of going back to basics, 22 00:01:07,560 --> 00:01:09,600 Speaker 3: so essentially going back to the trench coats and the 23 00:01:09,640 --> 00:01:13,440 Speaker 3: scarves that Berberi is known for, is working and analysts 24 00:01:13,480 --> 00:01:15,840 Speaker 3: have said that this is really another step in the 25 00:01:15,880 --> 00:01:19,880 Speaker 3: right direction for the company. So now we had Reischmore 26 00:01:19,959 --> 00:01:23,000 Speaker 3: last week and this is now the second major luxury 27 00:01:23,040 --> 00:01:26,560 Speaker 3: name in Europe reporting positive results. Of course two is 28 00:01:26,600 --> 00:01:28,360 Speaker 3: not enough, but three is a trend. So we'll see 29 00:01:28,360 --> 00:01:31,160 Speaker 3: what we get from lvmhor next week to see if 30 00:01:31,160 --> 00:01:35,039 Speaker 3: there's indeed a luxury rebound there. It might have benefited 31 00:01:35,040 --> 00:01:37,480 Speaker 3: from the same tailwinds, but then of course there is 32 00:01:37,480 --> 00:01:40,039 Speaker 3: that tariff threat that is really clouding the outlook. 33 00:01:40,520 --> 00:01:44,280 Speaker 4: And Chloe, we've got a European molecular testing firm whose 34 00:01:44,360 --> 00:01:46,680 Speaker 4: name I'm not going to try and pronounce. You can 35 00:01:46,760 --> 00:01:49,000 Speaker 4: tell me how to say it, but that's weighing options 36 00:01:49,040 --> 00:01:52,400 Speaker 4: about fresh buyer interest. How's the market reacting. 37 00:01:52,200 --> 00:01:54,360 Speaker 3: Yeah, so I think it's pronounced key Agen, but again 38 00:01:54,440 --> 00:01:57,520 Speaker 3: I have no idea either. So the market reacted very 39 00:01:57,560 --> 00:02:00,440 Speaker 3: positively this morning. Shares where is quite a bit because 40 00:02:00,480 --> 00:02:03,400 Speaker 3: of this potential sale. So a kit and is reportedly 41 00:02:03,720 --> 00:02:07,360 Speaker 3: currently fielding interest from some potential buyers, although this is 42 00:02:07,400 --> 00:02:11,400 Speaker 3: a very preliminary stage for now, It's not the first 43 00:02:11,400 --> 00:02:14,840 Speaker 3: time that the company has attracted interest. There was rumors 44 00:02:14,840 --> 00:02:18,000 Speaker 3: of takeover happening a few times over the last few years, 45 00:02:18,040 --> 00:02:20,840 Speaker 3: but a deal has never actually happened. The time that 46 00:02:21,120 --> 00:02:23,320 Speaker 3: it came. The closest to a deal was in twenty 47 00:02:23,400 --> 00:02:27,680 Speaker 3: twenty when ThermoFisher Scientific had made a twelve billion dollar 48 00:02:27,720 --> 00:02:31,320 Speaker 3: takeover bid, but then it eventually abandoned that because of 49 00:02:31,360 --> 00:02:34,760 Speaker 3: opposition from an activist investor. So we'll see if this 50 00:02:34,880 --> 00:02:37,880 Speaker 3: time of something actually comes out of this. And this 51 00:02:37,919 --> 00:02:39,800 Speaker 3: is all happening at a time of a lot of 52 00:02:39,880 --> 00:02:43,480 Speaker 3: leadership changes at the company. The CEO is going to 53 00:02:43,520 --> 00:02:46,560 Speaker 3: be leaving the company as soon as a successor is found, 54 00:02:46,720 --> 00:02:49,720 Speaker 3: and his departure is seen as kind of removing a 55 00:02:49,760 --> 00:02:53,680 Speaker 3: big roadblock to a potential transaction. And there's quite a 56 00:02:53,680 --> 00:02:56,440 Speaker 3: lot of deal activity happening in this sort of biotech 57 00:02:56,560 --> 00:02:59,680 Speaker 3: life sciences as space, so this latest one is definitely 58 00:02:59,680 --> 00:03:00,520 Speaker 3: want to watch out for. 59 00:03:01,560 --> 00:03:03,600 Speaker 1: I am reliably told it is Kia Jen, So well, 60 00:03:03,639 --> 00:03:06,400 Speaker 1: don't call you. You guessed right, great, Let's turn to 61 00:03:06,400 --> 00:03:08,560 Speaker 1: Rea tint On next. The mining company. It shares are 62 00:03:08,600 --> 00:03:10,720 Speaker 1: up by four point eight percent of the moment. What's 63 00:03:10,760 --> 00:03:12,919 Speaker 1: going on, Well, it's really been the year for minus 64 00:03:12,919 --> 00:03:15,560 Speaker 1: this year. So Reatinto is of course benefiting as usual 65 00:03:15,960 --> 00:03:18,440 Speaker 1: as it has been for the since the start of 66 00:03:18,480 --> 00:03:21,000 Speaker 1: the year from that rush to safe havens that is 67 00:03:21,080 --> 00:03:24,040 Speaker 1: leading gold and silver higher. But it's also doing well 68 00:03:24,080 --> 00:03:27,200 Speaker 1: today because of its copper output increasing. So of course 69 00:03:27,240 --> 00:03:30,120 Speaker 1: this is very important because copper is a major part 70 00:03:30,200 --> 00:03:33,040 Speaker 1: of the company's growth plans. It's also a big driver 71 00:03:33,240 --> 00:03:37,320 Speaker 1: behind the ongoing talks with glen Core because part of 72 00:03:37,320 --> 00:03:40,080 Speaker 1: the rationale for that potential deal between the two is 73 00:03:40,160 --> 00:03:42,800 Speaker 1: to become a copper giant, given that this is a 74 00:03:42,840 --> 00:03:46,200 Speaker 1: metal that is going to be absolutely crucial from some 75 00:03:46,320 --> 00:03:49,800 Speaker 1: key industries going forward. It's used in things like electronics, 76 00:03:49,840 --> 00:03:53,880 Speaker 1: electric vehicles, data centers. So copper is really important to 77 00:03:54,200 --> 00:03:57,240 Speaker 1: both the green transition and also the AI boom, and 78 00:03:57,280 --> 00:03:59,840 Speaker 1: so it means that miners are really keen to control 79 00:03:59,840 --> 00:04:02,520 Speaker 1: a big part of this copper production and the fact 80 00:04:02,520 --> 00:04:05,560 Speaker 1: that the output is increasing for reach Into, that's good 81 00:04:05,600 --> 00:04:08,240 Speaker 1: news for the company, and the shares did rise on. 82 00:04:08,200 --> 00:04:12,520 Speaker 2: The back of them. The Stockmover's report from Bloomberg Radio. 83 00:04:13,040 --> 00:04:15,200 Speaker 2: Check back with us throughout the day for the latest 84 00:04:15,240 --> 00:04:18,440 Speaker 2: roundup of companies making news on Wall Street and for 85 00:04:18,520 --> 00:04:22,479 Speaker 2: the latest market moving headlines. 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