WEBVTT - Evolution Gains, Cranswick Rises, Diploma Climbs

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's have a look at the stocks on the move

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<v Speaker 3>today here in Europe. I'm Caroline Hepkit with Lizzie Burdono.

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<v Speaker 3>We're joined by Bloomberg REPORTA Chloe Malake. Good morning, Chloe.

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<v Speaker 3>Let's start with games for a gaming firm, Evolution.

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<v Speaker 1>Tell us more about this business.

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<v Speaker 4>Yeah, so Evolution, the online casino company, is having a

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<v Speaker 4>very good day to day after approving a two billion

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<v Speaker 4>euro share buy back. Obviously, investors always really enjoy your

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<v Speaker 4>share buy a back, and so this is leading a

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<v Speaker 4>big rebound in the shares after quite a bit of

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<v Speaker 4>weakness recently for Evolutions. So it's dealing with a bunch

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<v Speaker 4>of different challenges, but one of the main ones actually

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<v Speaker 4>is cyber attacks in its Asia business, which actually has

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<v Speaker 4>forced Evolution to partially shut down some systems several times

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<v Speaker 4>and continued to invest quite a lot into new security

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<v Speaker 4>measures and more insurance. And so that means that although

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<v Speaker 4>we have seen cells improving in Asia, it's quite a

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<v Speaker 4>tentative recovery for evolution, there's still those challenges there, and

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<v Speaker 4>then in Europe it's not doing great either. The latest

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<v Speaker 4>earnings showed actually quite disappointing numbers for the European division,

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<v Speaker 4>which was at least partly offset by quite good growth

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<v Speaker 4>in Latin America. So there's quite a few challenges, quite

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<v Speaker 4>a few hurdles for revolution. But in any case, the

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<v Speaker 4>buyback was seen very positively and that really led the

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<v Speaker 4>chares Hire this morning.

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<v Speaker 3>Okay, I'm also looking at Cranswick shares up five and

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<v Speaker 3>three quarters percent.

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<v Speaker 1>Do you want to put some meat on the bones

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<v Speaker 1>of that move? That's great, Lizzie, thank you.

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<v Speaker 4>So Cranswick yess a meat producer, So pretty good results

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<v Speaker 4>from their company.

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<v Speaker 1>All key metrics came in ahead of estimates.

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<v Speaker 4>It said that performance was well ahead of its medium

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<v Speaker 4>term targets as well. So it's been benefiting from having

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<v Speaker 4>spent a lot of money into new facilities recently, but

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<v Speaker 4>also because we've got this trend of high protein consumption

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<v Speaker 4>as well, and so that's been really driving them on.

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<v Speaker 4>For chicken, it seems in particular, we saw the poultry

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<v Speaker 4>segment doing particularly well. There has been some challenges coming

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<v Speaker 4>from the Middle East, as there is for obviously every

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<v Speaker 4>single sector.

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<v Speaker 1>We've got higher energy costs.

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<v Speaker 4>And that means a higher factializer costs, higher feed costs,

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<v Speaker 4>and then of course the macroeconomic uncertainty that we have

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<v Speaker 4>might also mean a slightly weaker consumer spending. But Cransi

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<v Speaker 4>said that it was monitoring the impact on the supply chain,

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<v Speaker 4>that it was aware of potential disruption, but that the

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<v Speaker 4>trading in this new financial year was actually very much

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<v Speaker 4>in line with expectations so far. So it's aware of

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<v Speaker 4>those potential challenges, but it has been dealing with it

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<v Speaker 4>quite well so far. So for investors that's been seen

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<v Speaker 4>as very reassuring, very encouraging, and that explains that that

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<v Speaker 4>big jump in the chairs this morning.

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<v Speaker 3>Okay, interesting now in terms of Diploma, a business here

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<v Speaker 3>in London that does what laboratory, sign cerific equipment, all

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<v Speaker 3>sorts of products.

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<v Speaker 4>Yeah, so Diploma is one of those slightly obscure companies. Yeah, no,

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<v Speaker 4>I love those, so not much name recognition, but doing

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<v Speaker 4>very very well because it has exposure to a lot

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<v Speaker 4>of very lucrative and markets like data centers, defense, life sciences,

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<v Speaker 4>et cetera. So it makes things like seals, pumps, wires, cables,

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<v Speaker 4>and it's been really benefiting from the very high levels

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<v Speaker 4>of investments into AI, into the energy, transition into defense,

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<v Speaker 4>et cetera. And it's just upgraded its guidance again, so

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<v Speaker 4>some analysts have called it another exceptional performance. And so

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<v Speaker 4>we're seeing the ches go even higher this morning after

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<v Speaker 4>being up more than thirty percent this year. So it's

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<v Speaker 4>part of a cohort of companies like Prismian, for example,

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<v Speaker 4>which makes cables, an Italian company, or at last Copco

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<v Speaker 4>in Sweden which makes air compressors and things like that.

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<v Speaker 4>So companies that not a lot of people necessarily would

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<v Speaker 4>know about, but that are a very key part of

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<v Speaker 4>the chip making supply chain or the defense supply chain

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<v Speaker 4>and are really key kind of behind the scenes beneficiaries.

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<v Speaker 1>You're up quite strongly for Diploma this morning.

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<v Speaker 3>Well, do you want to know what their tagline is?

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<v Speaker 3>It chimes in in more places than you didn't match it.

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<v Speaker 3>It's on Diploma of blc's website. Okay, we have learned

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<v Speaker 3>something deep dive into the UK market.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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