Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's have a look at the stocks on the move
Speaker 3: today here in Europe. I'm Caroline Hepkit with Lizzie Burdono.
Speaker 3: We're joined by Bloomberg REPORTA Chloe Malake. Good morning, Chloe.
Speaker 3: Let's start with games for a gaming firm, Evolution.
Speaker 1: Tell us more about this business.
Speaker 4: Yeah, so Evolution, the online casino company, is having a
Speaker 4: very good day to day after approving a two billion
Speaker 4: euro share buy back. Obviously, investors always really enjoy your
Speaker 4: share buy a back, and so this is leading a
Speaker 4: big rebound in the shares after quite a bit of
Speaker 4: weakness recently for Evolutions. So it's dealing with a bunch
Speaker 4: of different challenges, but one of the main ones actually
Speaker 4: is cyber attacks in its Asia business, which actually has
Speaker 4: forced Evolution to partially shut down some systems several times
Speaker 4: and continued to invest quite a lot into new security
Speaker 4: measures and more insurance. And so that means that although
Speaker 4: we have seen cells improving in Asia, it's quite a
Speaker 4: tentative recovery for evolution, there's still those challenges there, and
Speaker 4: then in Europe it's not doing great either. The latest
Speaker 4: earnings showed actually quite disappointing numbers for the European division,
Speaker 4: which was at least partly offset by quite good growth
Speaker 4: in Latin America. So there's quite a few challenges, quite
Speaker 4: a few hurdles for revolution. But in any case, the
Speaker 4: buyback was seen very positively and that really led the
Speaker 4: chares Hire this morning.
Speaker 3: Okay, I'm also looking at Cranswick shares up five and
Speaker 3: three quarters percent.
Speaker 1: Do you want to put some meat on the bones
Speaker 1: of that move? That's great, Lizzie, thank you.
Speaker 4: So Cranswick yess a meat producer, So pretty good results
Speaker 4: from their company.
Speaker 1: All key metrics came in ahead of estimates.
Speaker 4: It said that performance was well ahead of its medium
Speaker 4: term targets as well. So it's been benefiting from having
Speaker 4: spent a lot of money into new facilities recently, but
Speaker 4: also because we've got this trend of high protein consumption
Speaker 4: as well, and so that's been really driving them on.
Speaker 4: For chicken, it seems in particular, we saw the poultry
Speaker 4: segment doing particularly well. There has been some challenges coming
Speaker 4: from the Middle East, as there is for obviously every
Speaker 4: single sector.
Speaker 1: We've got higher energy costs.
Speaker 4: And that means a higher factializer costs, higher feed costs,
Speaker 4: and then of course the macroeconomic uncertainty that we have
Speaker 4: might also mean a slightly weaker consumer spending. But Cransi
Speaker 4: said that it was monitoring the impact on the supply chain,
Speaker 4: that it was aware of potential disruption, but that the
Speaker 4: trading in this new financial year was actually very much
Speaker 4: in line with expectations so far. So it's aware of
Speaker 4: those potential challenges, but it has been dealing with it
Speaker 4: quite well so far. So for investors that's been seen
Speaker 4: as very reassuring, very encouraging, and that explains that that
Speaker 4: big jump in the chairs this morning.
Speaker 3: Okay, interesting now in terms of Diploma, a business here
Speaker 3: in London that does what laboratory, sign cerific equipment, all
Speaker 3: sorts of products.
Speaker 4: Yeah, so Diploma is one of those slightly obscure companies. Yeah, no,
Speaker 4: I love those, so not much name recognition, but doing
Speaker 4: very very well because it has exposure to a lot
Speaker 4: of very lucrative and markets like data centers, defense, life sciences,
Speaker 4: et cetera. So it makes things like seals, pumps, wires, cables,
Speaker 4: and it's been really benefiting from the very high levels
Speaker 4: of investments into AI, into the energy, transition into defense,
Speaker 4: et cetera. And it's just upgraded its guidance again, so
Speaker 4: some analysts have called it another exceptional performance. And so
Speaker 4: we're seeing the ches go even higher this morning after
Speaker 4: being up more than thirty percent this year. So it's
Speaker 4: part of a cohort of companies like Prismian, for example,
Speaker 4: which makes cables, an Italian company, or at last Copco
Speaker 4: in Sweden which makes air compressors and things like that.
Speaker 4: So companies that not a lot of people necessarily would
Speaker 4: know about, but that are a very key part of
Speaker 4: the chip making supply chain or the defense supply chain
Speaker 4: and are really key kind of behind the scenes beneficiaries.
Speaker 1: You're up quite strongly for Diploma this morning.
Speaker 3: Well, do you want to know what their tagline is?
Speaker 3: It chimes in in more places than you didn't match it.
Speaker 3: It's on Diploma of blc's website. Okay, we have learned
Speaker 3: something deep dive into the UK market.
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