1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,280 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,000 --> 00:00:18,800 Speaker 1: Let's take a look at some stocks on the move 5 00:00:18,840 --> 00:00:21,160 Speaker 1: today here and you're I'm Caroline Hepkitt with Lizzie Burton 6 00:00:21,200 --> 00:00:24,360 Speaker 1: and we're joined by Bloomberg reporter cloimber La. Good morning. So, 7 00:00:24,520 --> 00:00:27,960 Speaker 1: Coca Cola HBC, which is the bottling company right, it 8 00:00:28,040 --> 00:00:30,880 Speaker 1: said that it will buy a steak in Coca Cola 9 00:00:30,920 --> 00:00:35,879 Speaker 1: Beverages Africa CCBA. Give us the picture on that. 10 00:00:36,240 --> 00:00:38,199 Speaker 3: Yeah, so it's quite quite a big deal actually that 11 00:00:38,320 --> 00:00:40,440 Speaker 3: was announced there as you say, co Co Cola HBC, 12 00:00:40,960 --> 00:00:44,680 Speaker 3: which operates in Europe but also Nigeria and Egypt, is 13 00:00:44,720 --> 00:00:49,440 Speaker 3: buying a majority steak in another Coca Cola bottling company CCBA, 14 00:00:49,720 --> 00:00:52,400 Speaker 3: and that is for two point six billion dollars and 15 00:00:52,440 --> 00:00:55,480 Speaker 3: that will give it access to a fourteen additional African 16 00:00:55,520 --> 00:00:58,840 Speaker 3: markets and that will also create the second largest bottling 17 00:00:58,880 --> 00:01:03,080 Speaker 3: partner for Coca Cola globally. BI analyst said that this 18 00:01:03,560 --> 00:01:07,120 Speaker 3: deepens Coca Cola HBC's presence in a region that's quite 19 00:01:07,160 --> 00:01:10,520 Speaker 3: important because it has a very fast growing, young urban 20 00:01:10,560 --> 00:01:14,280 Speaker 3: population and quite a lot of long term potential, especially 21 00:01:14,319 --> 00:01:17,640 Speaker 3: given that demand for fizzy drinks like Coca Cola is 22 00:01:17,680 --> 00:01:21,640 Speaker 3: falling in other markets like the US for example. But 23 00:01:21,680 --> 00:01:23,760 Speaker 3: the shares are actually down this morning, and what the 24 00:01:23,800 --> 00:01:27,920 Speaker 3: market is potentially reacting quite negatively to is that the 25 00:01:27,920 --> 00:01:30,319 Speaker 3: company canceled its share buy a bag, which indicates that 26 00:01:30,600 --> 00:01:34,800 Speaker 3: it's kind of prioritizing that expansion those deals over capital returns, 27 00:01:34,800 --> 00:01:38,000 Speaker 3: and obviously investors are not super super happy about that. 28 00:01:38,520 --> 00:01:41,080 Speaker 2: And then meanwhile, Huskvana. 29 00:01:41,280 --> 00:01:44,520 Speaker 3: Huskvana I think many would be familiar with, but this 30 00:01:44,600 --> 00:01:47,680 Speaker 3: is our Stockholm. Yeah, so this is a Swedish company 31 00:01:47,720 --> 00:01:51,360 Speaker 3: that makes loan moors and gardening tools. 32 00:01:51,480 --> 00:01:52,000 Speaker 2: I've never heard of. 33 00:01:54,600 --> 00:01:57,520 Speaker 3: Well it's yeah, it's a smaller company on the smaller end, 34 00:01:57,560 --> 00:01:59,640 Speaker 3: but it's quite interesting what it's saying. So the third 35 00:01:59,720 --> 00:02:02,720 Speaker 3: quarter results missed estimates, and it's said that there was 36 00:02:02,760 --> 00:02:06,080 Speaker 3: particular weakness in North America, which is one of its 37 00:02:06,160 --> 00:02:09,880 Speaker 3: key markets, and especially the residential side of that market 38 00:02:09,960 --> 00:02:13,919 Speaker 3: because so essentially kind of everyday consumers buying those gardening tools. 39 00:02:14,440 --> 00:02:17,280 Speaker 3: It said that the uncertainty remained in that market because 40 00:02:17,600 --> 00:02:22,800 Speaker 3: of ongoing trade policy turbulence for an exchange volatility, and 41 00:02:22,880 --> 00:02:27,280 Speaker 3: also subdued consumer sentiment. So all of that is also 42 00:02:27,280 --> 00:02:29,480 Speaker 3: been flagged by Asset A. Bloyd, which is another of 43 00:02:29,520 --> 00:02:33,079 Speaker 3: those kind of smaller industrial companies which is remix locks 44 00:02:33,120 --> 00:02:36,359 Speaker 3: and gates and whatever else, and also fleg that weakness 45 00:02:36,360 --> 00:02:39,600 Speaker 3: in that North American residential market. So it seems that 46 00:02:39,639 --> 00:02:42,360 Speaker 3: we're having we're seeing that knock on effect on those 47 00:02:42,400 --> 00:02:46,720 Speaker 3: European companies from that kind of weak consumer sentiment over 48 00:02:46,760 --> 00:02:47,359 Speaker 3: in the US. 49 00:02:47,520 --> 00:02:50,120 Speaker 1: That's interesting. You're behind the times in terms of mowing 50 00:02:50,120 --> 00:02:53,120 Speaker 1: the lawn because people don't do it anymore. Companies like 51 00:02:53,200 --> 00:02:55,600 Speaker 1: this one. You get the lawn mower and it powers itself, 52 00:02:55,600 --> 00:02:55,880 Speaker 1: it goes. 53 00:02:58,160 --> 00:02:58,680 Speaker 3: I've got a. 54 00:02:58,680 --> 00:03:01,280 Speaker 2: Robo vacuum cleaner. I'm not onto the robomo. 55 00:03:01,560 --> 00:03:02,160 Speaker 1: Yeah. 56 00:03:02,160 --> 00:03:05,440 Speaker 3: Well that's why husband is not doing well. My husband's listening. 57 00:03:05,520 --> 00:03:06,760 Speaker 2: Christmas is coming. 58 00:03:08,040 --> 00:03:11,000 Speaker 1: Right. Let us think about eden Red third quarter earnings 59 00:03:11,560 --> 00:03:13,520 Speaker 1: better received there why Yeah. 60 00:03:13,560 --> 00:03:16,600 Speaker 3: So it's a provider of payment services in the workplace, 61 00:03:16,639 --> 00:03:20,800 Speaker 3: so essentially providing employee benefits like meal vouchers, and the 62 00:03:20,840 --> 00:03:24,000 Speaker 3: shares saw the biggest spike on record because the company 63 00:03:24,040 --> 00:03:27,760 Speaker 3: reported those better and expected results better than expected sales 64 00:03:27,760 --> 00:03:31,000 Speaker 3: in particular, which is really well received given that there's 65 00:03:31,000 --> 00:03:33,919 Speaker 3: been a lot of pressure on the shares recently. Some 66 00:03:33,960 --> 00:03:37,160 Speaker 3: of those concerns are around a regulatory issue. So there 67 00:03:37,200 --> 00:03:39,480 Speaker 3: was the introduction of a fee cap in Italy, which 68 00:03:39,480 --> 00:03:42,440 Speaker 3: meant that it kept the feed that meal voucher issuers 69 00:03:42,480 --> 00:03:45,600 Speaker 3: could a charge to merchants at five percent of the 70 00:03:45,640 --> 00:03:49,000 Speaker 3: face of their face value, and there's expectations that kind 71 00:03:49,000 --> 00:03:52,960 Speaker 3: of similar regulations could be also arising in France and Brazil, 72 00:03:53,000 --> 00:03:55,880 Speaker 3: and those are kind of really important markets for eden Red. 73 00:03:55,880 --> 00:03:58,080 Speaker 3: So there was those a lot of those concerns that 74 00:03:58,160 --> 00:04:00,760 Speaker 3: had been putting pressure on the shares, but now the 75 00:04:00,800 --> 00:04:03,920 Speaker 3: fact that it reported that better than expected revenue is 76 00:04:03,960 --> 00:04:06,240 Speaker 3: providing some of that relief, and we saw a big, 77 00:04:06,560 --> 00:04:08,560 Speaker 3: big spike in the show this morning as a. 78 00:04:08,480 --> 00:04:13,920 Speaker 2: Result the stockmover's report from Bloomberg Radio. 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