1 00:00:02,520 --> 00:00:07,440 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 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,920 --> 00:00:18,479 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,520 --> 00:00:20,880 Speaker 3: the move today in Europe. I'm Stephen Carroll and I'm 6 00:00:20,920 --> 00:00:23,600 Speaker 3: joined by Bloomberg's Breaking News editor Louise Man and Luise 7 00:00:23,640 --> 00:00:27,280 Speaker 3: good morning. Let's start with steel and a takeover on 8 00:00:27,320 --> 00:00:29,360 Speaker 3: the cards for the metals company Klockner. 9 00:00:30,120 --> 00:00:33,000 Speaker 1: Indeed, yes, so this is the German metals company, as 10 00:00:33,040 --> 00:00:36,479 Speaker 1: you say, takeover deal by a company called Worthington Steele 11 00:00:36,560 --> 00:00:38,519 Speaker 1: in the US. They've agreed to buy it for eleven 12 00:00:38,680 --> 00:00:41,800 Speaker 1: euros Persia in cash. They had already been in takeover talks. 13 00:00:41,800 --> 00:00:46,519 Speaker 1: This was reported in early December. Shares rose quite a 14 00:00:46,560 --> 00:00:48,559 Speaker 1: bit on that at the time and since then have 15 00:00:48,640 --> 00:00:51,800 Speaker 1: stayed higher. And then this morning shares have absolutely saw. 16 00:00:51,840 --> 00:00:55,120 Speaker 1: They've sawd thirty percent back to levels last scene in 17 00:00:55,520 --> 00:01:01,240 Speaker 1: twenty twenty two, hitting that eleven euro mark. Background Wise, 18 00:01:01,280 --> 00:01:04,040 Speaker 1: this comes as Clocklan has been selling off a lot of. 19 00:01:04,040 --> 00:01:05,520 Speaker 4: Its units, been trying units. 20 00:01:05,520 --> 00:01:08,240 Speaker 1: It's been trying to get rid of a lot of 21 00:01:08,280 --> 00:01:12,400 Speaker 1: these more volatile low margin businesses and focus on higher 22 00:01:12,480 --> 00:01:16,840 Speaker 1: value areas, essentially trying to boost profitability. So Anlys is 23 00:01:16,880 --> 00:01:19,760 Speaker 1: saying that, you know, this is a good price. This 24 00:01:19,800 --> 00:01:22,120 Speaker 1: is that they're kind of welcoming this deal, seeing a 25 00:01:22,200 --> 00:01:25,319 Speaker 1: high probability that goes through by the end of the year. 26 00:01:25,400 --> 00:01:28,720 Speaker 1: So shelving off those those kind of non performing units 27 00:01:28,800 --> 00:01:30,800 Speaker 1: and now getting this takeover offer. 28 00:01:31,200 --> 00:01:33,319 Speaker 3: Yeah, and shows up twenty eight percent on the back 29 00:01:33,360 --> 00:01:35,479 Speaker 3: of that as well. Let's start into portion next. Having 30 00:01:35,520 --> 00:01:37,160 Speaker 3: trouble delivering sales. 31 00:01:37,640 --> 00:01:41,400 Speaker 1: Yeah, slightly less good story this morning for them. So 32 00:01:41,520 --> 00:01:44,360 Speaker 1: deliveries fell ten percent last year. That's the steepest drop 33 00:01:44,400 --> 00:01:47,880 Speaker 1: since two thousand and nine, which is obviously the financial crisis, 34 00:01:47,920 --> 00:01:50,440 Speaker 1: So a bad year for them. This is all on 35 00:01:50,440 --> 00:01:53,720 Speaker 1: the back of weak demand for electric vehicles, a slump 36 00:01:53,800 --> 00:01:57,440 Speaker 1: in China. So but both China and Germany led those declines, 37 00:01:58,160 --> 00:02:02,240 Speaker 1: and it comes as a Porsche's been struggling heavily. 38 00:02:02,440 --> 00:02:05,080 Speaker 4: Last year was a bad year for the company. 39 00:02:05,080 --> 00:02:07,960 Speaker 1: It cut us out and look four times and it's 40 00:02:08,200 --> 00:02:10,399 Speaker 1: this has it's been struggling with kind of a host 41 00:02:10,440 --> 00:02:12,400 Speaker 1: of issues. You know, there was tariffs in the US, 42 00:02:12,480 --> 00:02:15,640 Speaker 1: which is its most important market. They've also been trying 43 00:02:15,680 --> 00:02:18,920 Speaker 1: to correct what was a bit of an overly ambitious 44 00:02:19,280 --> 00:02:23,079 Speaker 1: rollout of electric vehicles. In September, they dropped down from 45 00:02:23,080 --> 00:02:25,160 Speaker 1: the blue chip index, the DAX in Germany to the 46 00:02:25,240 --> 00:02:27,960 Speaker 1: m DAX, which is the MidCap. So they've pledged to 47 00:02:28,000 --> 00:02:31,240 Speaker 1: improve that this year. They've got a new CEO that 48 00:02:31,320 --> 00:02:34,200 Speaker 1: started in January. But yeah, this is all on the 49 00:02:34,200 --> 00:02:37,600 Speaker 1: back of last year not being a good year, deliveries 50 00:02:37,639 --> 00:02:38,840 Speaker 1: falling ten percent. 51 00:02:39,480 --> 00:02:42,160 Speaker 3: Okay, well want to watch as well from here a 52 00:02:42,200 --> 00:02:45,400 Speaker 3: more positive market reception though, for the gains at the 53 00:02:45,400 --> 00:02:47,760 Speaker 3: Gym Group are not just those from their clients. 54 00:02:48,120 --> 00:02:51,080 Speaker 1: Yes, they've been raised to an outperform by RBC. So 55 00:02:51,160 --> 00:02:54,000 Speaker 1: now Gym Group has got nine buys, one hold and 56 00:02:54,320 --> 00:02:59,640 Speaker 1: no cells, so good analyst ratings there. RBC are seeing 57 00:03:00,120 --> 00:03:04,080 Speaker 1: what they're calling revenue driven profit growth. That's after Gym 58 00:03:04,120 --> 00:03:07,480 Speaker 1: Group introduced even cheaper off peak memberships. Obviously they're known 59 00:03:07,560 --> 00:03:11,800 Speaker 1: for being a low costume that's their Murdos Operendi, and 60 00:03:11,840 --> 00:03:15,520 Speaker 1: they've introduced cheaper off peak memberships obviously of seeing potential 61 00:03:15,600 --> 00:03:18,520 Speaker 1: volume growth as well, and as you say, I mean 62 00:03:18,520 --> 00:03:21,520 Speaker 1: this comes in in the peak health season. Everyone's I'm 63 00:03:21,560 --> 00:03:24,840 Speaker 1: sure getting their memberships for January to start the year 64 00:03:24,880 --> 00:03:25,280 Speaker 1: well so. 65 00:03:26,000 --> 00:03:27,880 Speaker 4: Some good news ye at this morning for Gym Group. 66 00:03:29,040 --> 00:03:33,040 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 67 00:03:33,120 --> 00:03:35,720 Speaker 2: us throughout the day for the latest roundup of companies 68 00:03:35,760 --> 00:03:38,880 Speaker 2: making news on Wall Street and for the latest market 69 00:03:38,920 --> 00:03:43,360 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:43,480 --> 00:03:46,960 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:47,040 --> 00:03:48,520 Speaker 2: the Bloomberg Business App.