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Speaker 2: Podcasts. Radio. News. The Stock Movers Report. Your roundup of
Speaker 2: companies making moves in the stock market. Harnessing the power
Speaker 2: of Bloomberg data.
Speaker 3: Let's take a look now at some stocks on the
Speaker 3: move today in Europe. I'm Rachel Evans with Stephen Carroll
Speaker 3: and we're joined by our reporter Tiwa Adebayo. Tiwa, thank
Speaker 3: you for being here. Let's start with investment company Ackermans.
Speaker 3: They're rising this morning?
Speaker 4: Yeah, they're up as much as 8.5%. So, that's the
Speaker 4: most in six years. So, a pretty significant gain today.
Speaker 4: We've heard from an analyst at KBC Securities who.
Speaker 1: Says the firm has closed a solid first half.
Speaker 4: They also added that this marks quite a fitting contribution
Speaker 4: to the country's companies, rather, 150th anniversary year.
Speaker 1: So, quite a lot of history behind this firm.
Speaker 4: But getting into the numbers, we saw consolidated net income
Speaker 4: up 24%, with contribution from core segments rising 13%. We
Speaker 4: can also see that private banking is still a key
Speaker 4: driver for them, according to KBC. But in terms of
Speaker 4: the future, they've also upgraded their guidance for the full year, 2026.
Speaker 4: They're now expecting more than 10% net income growth And also,
Speaker 4: they're quite a diverse investment company. They've also announced a 37.5%
Speaker 4: stake in Greek Aqua. So, that's expanding their food and
Speaker 4: agriculture platform into Norwegian salmon aquaculture. Not something I'm familiar with,
Speaker 4: but shows the breadth of the investments that Ackerman is
Speaker 4: involved with.
Speaker 3: Yeah, it certainly does.
Speaker 2: And we're going to go to a completely different company next.
Speaker 2: And it's the company behind Zurich Airport.
Speaker 1: Their shares are down today.
Speaker 4: Why? Yes, this holding company called, and forgive my pronunciation here, Flughafen,
Speaker 4: they're not actually doing too well. They're down by as
Speaker 4: much as 4% this morning. And that's after they did
Speaker 4: report revenue for the first half of the year that
Speaker 4: met expectations. But when you look into the commentary, they're
Speaker 4: saying that growth is slowing compared to the first half
Speaker 4: of the year. They blame this on a stronger comparative basis.
Speaker 4: They've also flagged some costs. So, they're saying in 2026,
Speaker 4: the opening of the new Noida Airport in particular will
Speaker 4: lead to an increase in operating costs.
Speaker 1: So, something to be aware of.
Speaker 4: They do see 2026 consolidated profits to be likely lower
Speaker 4: than in the previous financial year as well. So, expectation
Speaker 4: meeting numbers, but a little bit of doubt in terms
Speaker 4: of their future.
Speaker 1: Interesting.
Speaker 3: And finally, we've got some news around Essila Luxottica, which
Speaker 3: seems to have had a number of headlines about it
Speaker 3: this week.
Speaker 1: Tell us more about this one.
Speaker 4: Yeah, it's definitely been an eventful week for the firm that,
Speaker 4: of course, produces and designs glasses and sunglasses. So, their
Speaker 4: shares are actually up today by as much as 3.8%.
Speaker 1: But it comes as we've learned about some plans.
Speaker 4: So, they're planning to buy back more than € 800 million
Speaker 4: of stock and that's to bolster investor confidence.
Speaker 1: They've seen a slide in their shares.
Speaker 4: So, the company says it's showing its belief and its
Speaker 4: value creation and long-term prospects. But I mentioned it's been
Speaker 4: an eventful week. We've seen one of the sons of
Speaker 4: the founder, Leonardo Delvecchio, who was chief strategy officer at
Speaker 4: one of the brands, Ray-Ban, voicing unhappiness with the way
Speaker 4: the company is running.
Speaker 1: He's actually stepped down.
Speaker 4: So, that was a big headline that came out this
Speaker 4: week and maybe tells us a bit more about perhaps
Speaker 4: some unhappy companies within the company and within its top ranks.
Speaker 4: We have seen the stock tumble about 40% year-to-date as well. So,
Speaker 4: it's been a difficult time. We'll have to see whether
Speaker 4: the buyback has the desired result.
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