WEBVTT - Ackermans Rises, Flughafen Zurich Dips, EssilorLuxxotica Up

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<v Speaker 1>Bloomberg Audio Studios.

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<v Speaker 2>Podcasts. Radio. News. The Stock Movers Report. Your roundup of

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<v Speaker 2>companies making moves in the stock market. Harnessing the power

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<v Speaker 2>of Bloomberg data.

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<v Speaker 3>Let's take a look now at some stocks on the

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<v Speaker 3>move today in Europe. I'm Rachel Evans with Stephen Carroll

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<v Speaker 3>and we're joined by our reporter Tiwa Adebayo. Tiwa, thank

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<v Speaker 3>you for being here. Let's start with investment company Ackermans.

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<v Speaker 3>They're rising this morning?

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<v Speaker 4>Yeah, they're up as much as 8.5%. So, that's the

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<v Speaker 4>most in six years. So, a pretty significant gain today.

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<v Speaker 4>We've heard from an analyst at KBC Securities who.

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<v Speaker 1>Says the firm has closed a solid first half.

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<v Speaker 4>They also added that this marks quite a fitting contribution

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<v Speaker 4>to the country's companies, rather, 150th anniversary year.

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<v Speaker 1>So, quite a lot of history behind this firm.

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<v Speaker 4>But getting into the numbers, we saw consolidated net income

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<v Speaker 4>up 24%, with contribution from core segments rising 13%. We

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<v Speaker 4>can also see that private banking is still a key

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<v Speaker 4>driver for them, according to KBC. But in terms of

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<v Speaker 4>the future, they've also upgraded their guidance for the full year, 2026.

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<v Speaker 4>They're now expecting more than 10% net income growth And also,

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<v Speaker 4>they're quite a diverse investment company. They've also announced a 37.5%

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<v Speaker 4>stake in Greek Aqua. So, that's expanding their food and

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<v Speaker 4>agriculture platform into Norwegian salmon aquaculture. Not something I'm familiar with,

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<v Speaker 4>but shows the breadth of the investments that Ackerman is

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<v Speaker 4>involved with.

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<v Speaker 3>Yeah, it certainly does.

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<v Speaker 2>And we're going to go to a completely different company next.

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<v Speaker 2>And it's the company behind Zurich Airport.

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<v Speaker 1>Their shares are down today.

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<v Speaker 4>Why? Yes, this holding company called, and forgive my pronunciation here, Flughafen,

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<v Speaker 4>they're not actually doing too well. They're down by as

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<v Speaker 4>much as 4% this morning. And that's after they did

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<v Speaker 4>report revenue for the first half of the year that

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<v Speaker 4>met expectations. But when you look into the commentary, they're

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<v Speaker 4>saying that growth is slowing compared to the first half

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<v Speaker 4>of the year. They blame this on a stronger comparative basis.

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<v Speaker 4>They've also flagged some costs. So, they're saying in 2026,

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<v Speaker 4>the opening of the new Noida Airport in particular will

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<v Speaker 4>lead to an increase in operating costs.

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<v Speaker 1>So, something to be aware of.

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<v Speaker 4>They do see 2026 consolidated profits to be likely lower

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<v Speaker 4>than in the previous financial year as well. So, expectation

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<v Speaker 4>meeting numbers, but a little bit of doubt in terms

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<v Speaker 4>of their future.

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<v Speaker 1>Interesting.

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<v Speaker 3>And finally, we've got some news around Essila Luxottica, which

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<v Speaker 3>seems to have had a number of headlines about it

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<v Speaker 3>this week.

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

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<v Speaker 4>Yeah, it's definitely been an eventful week for the firm that,

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<v Speaker 4>of course, produces and designs glasses and sunglasses. So, their

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<v Speaker 4>shares are actually up today by as much as 3.8%.

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<v Speaker 1>But it comes as we've learned about some plans.

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<v Speaker 4>So, they're planning to buy back more than € 800 million

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<v Speaker 4>of stock and that's to bolster investor confidence.

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<v Speaker 1>They've seen a slide in their shares.

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<v Speaker 4>So, the company says it's showing its belief and its

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<v Speaker 4>value creation and long-term prospects. But I mentioned it's been

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<v Speaker 4>an eventful week. We've seen one of the sons of

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<v Speaker 4>the founder, Leonardo Delvecchio, who was chief strategy officer at

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<v Speaker 4>one of the brands, Ray-Ban, voicing unhappiness with the way

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<v Speaker 4>the company is running.

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<v Speaker 1>He's actually stepped down.

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<v Speaker 4>So, that was a big headline that came out this

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<v Speaker 4>week and maybe tells us a bit more about perhaps

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<v Speaker 4>some unhappy companies within the company and within its top ranks.

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<v Speaker 4>We have seen the stock tumble about 40% year-to-date as well. So,

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<v Speaker 4>it's been a difficult time. We'll have to see whether

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<v Speaker 4>the buyback has the desired result.

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