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. Well,
Speaker 2: let's take a look at some of the stocks on
Speaker 2: the move today in Europe. I'm Lizzie Burnon with Stephen
Speaker 2: Carroll and were joined by Bloomberg's Chloe Melee. Morning, Chloe.
Speaker 2: Let's start with a consumer name, Pandora down this morning.
Speaker 2: What's that missing link?
Speaker 1: Well, for Pandora, the revenue did miss estimates this morning,
Speaker 1: and the crucial thing really is that the current trading
Speaker 1: trading in this third quarter was also a bit soft
Speaker 1: as well, so for analysts, that means that it could
Speaker 1: make it harder for Pandora to reach those expectations for
Speaker 1: the third quarter and maybe the expectations for the four
Speaker 1: year as well. It did maintain its guidance, but it
Speaker 1: said that it was really too early to figure out
Speaker 1: the magnitude of the tariff impact and the any effects
Speaker 1: that any mitigating initiatives could have to offset that. It
Speaker 1: makes this jewelry in Thailand, which is subject to nineteen
Speaker 1: percent US at tariff, so that's obviously added costs that
Speaker 1: it needs to figure out and mitigate somehow, and it's
Speaker 1: also dealing with higher commodity prices, currency headwinds and all
Speaker 1: of that is placing a lot of pressure on margins.
Speaker 1: So it looks like quite a negative picture. There is
Speaker 1: potential for Pandora to maybe be okay going forward, though
Speaker 1: Bloomberg Attaligents did say that it's more affordable jewry helps
Speaker 1: it would maybe help it capture a consumer segment that
Speaker 1: is kind of trading down at the moment because of
Speaker 1: that lower consumer sentiment because of the cost of living
Speaker 1: and people having a little bit less of a disposable income.
Speaker 1: So hopefully it will it will manage to sell more
Speaker 1: of those more of those bracelets going forward.
Speaker 2: That's only where they're hoping anyways, that's the news from Pandora.
Speaker 2: Next to Orsted the wind carrying some bad news.
Speaker 1: Yeah, so quite a tough week for AusAID. It's another
Speaker 1: blow today. On Monday we had the stock sell which
Speaker 1: it announced, which it said it was necessary to have
Speaker 1: that to steady its finances. But it's sent the shares
Speaker 1: plunging on Monday, and then yesterday it got downgraded by
Speaker 1: SNP to the lowest tier of investment grade. And that's
Speaker 1: because SMP said that Trump's policies against renewable energy and
Speaker 1: especially against offshore wind were likely to take it all
Speaker 1: on Austid's business. You know, since coming into office, Trump
Speaker 1: has he's stopped permitting for new offshore wind developments, He's
Speaker 1: withdrawn some acres of ocean for development, He's brought the
Speaker 1: end of renewable energy tax incentives. So there's a real
Speaker 1: push against that renewable energy. And this all means that
Speaker 1: now all Said is less able to sell stacks in
Speaker 1: projects that it's already building. And unfortunately all Said is
Speaker 1: quite exposed to the US and it's facing now quite
Speaker 1: major setbacks. When you know, not that long ago, it
Speaker 1: was considered to be really a flagship of the green
Speaker 1: energy transition, and now it's struggling. And just finally, Chloe,
Speaker 1: I'm looking at the likes of Glencore up two point
Speaker 1: seven percent, but a similar story for many of the miners.
Speaker 1: What's moving them this morning? Yeah, So we thought actually
Speaker 1: that for the mining sector we might see some weakness
Speaker 1: today because in China, there's there's some data out of
Speaker 1: China that shows that the economy in the country really
Speaker 1: slowed down in July, the production factories and in mines
Speaker 1: rose to the lowest rates since November, for example. But
Speaker 1: potentially what is moving those miners up this morning is
Speaker 1: because if that data continues to come in sorry weaker
Speaker 1: than expected, then policymakers may provide more additional supportive measures
Speaker 1: and you know, to support growth in the fourth quarter.
Speaker 1: So the lost momentum that we see now could reinforce
Speaker 1: the case for more stimulus, So we'll see what happens then.
Speaker 1: That speculation might therefore have kind of limited those any
Speaker 1: downward moves for miners. For glenn Core as well, in particular,
Speaker 1: we do have a raised price target from City, so
Speaker 1: there's the additional boost as well.
Speaker 2: There the Stockmovers report from Bloomberg Radio. Check back with
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