Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today here in Europe. I'm Caroline Hepka with
Speaker 3: Lizzie Burden and we joined by Bloomberg with Porta Cloma Ley.
Speaker 3: Good morning. Impost heavily shorted, but now might have gotten
Speaker 3: actually some positive mail.
Speaker 1: Yeah, absolutely, it's a big move for Imposts today, which
Speaker 1: is in the very exciting business of operating parcel lockers.
Speaker 1: It said it had received an indicative proposal for a
Speaker 1: potential acquisition of all the shares in the company. It
Speaker 1: didn't disclose any detail on price or on who the
Speaker 1: bidder is, but this was exciting enough to really get
Speaker 1: the shares jumping this morning about twenty percent. So in Posts,
Speaker 1: as you said, has been one of Europe's most heavily
Speaker 1: shorted stocks and its shares fell about thirty seven percent
Speaker 1: in twenty twenty five. But then yes, we had a
Speaker 1: big boost in the share price, but eleven percent boost
Speaker 1: because which was seen as a sign that short sellers
Speaker 1: were closing out some of those bets, so it's been
Speaker 1: a really busy start to the year for InPost, but
Speaker 1: we'll be keeping an eye on developments with this potential deal.
Speaker 1: As mentioned, we still have no detail on price and buyers,
Speaker 1: so the market will be very interested in that once
Speaker 1: we start getting some of those details.
Speaker 3: And it seems like the UK retailer Next got it
Speaker 3: got what it wanted for Christmas, Chloe.
Speaker 1: Why yeah, absolutely, Next did quite well over Christmas, which
Speaker 1: tells us something quite reassuring about the UK consumer, perhaps
Speaker 1: given that Next is widely considered to be a bell
Speaker 1: weather for the UK high street, so it boosted its
Speaker 1: profit forecast for a fifth time this financial year. Is
Speaker 1: said that seals were really strong over the holiday period,
Speaker 1: and that also includes the UK, where growth was expected
Speaker 1: to be much more muted than it actually ended up being. However,
Speaker 1: there's always a butt with these things. A Christmas period
Speaker 1: was strong, but that doesn't mean that the rest of
Speaker 1: twenty twenty six will necessarily be the same. Next worn
Speaker 1: that profit in sales would grow at a slower pace
Speaker 1: in the year ahead, and that is primarily primarily primarily
Speaker 1: because of rising unemployment. So of course, if we if
Speaker 1: someone is unemployed. That means that that discretionary spending like
Speaker 1: clothes is going to be the first thing that goes
Speaker 1: out the window. So Next is usually quite cautious with
Speaker 1: its guidance. That perhaps explains how I was able to
Speaker 1: lift it five times this year. But it's worth keeping
Speaker 1: in mind that cautious tone and not getting too excited
Speaker 1: about the prospects for British retail in twenty twenty six.
Speaker 3: Yeah interesting, Okay, So that from Next, which is one
Speaker 3: of the big High Street Bell Weathers shoes come in
Speaker 3: pairs and added us So do downgrades. What has happened?
Speaker 1: Yeah, Tidas was double downgraded by a Bank of America.
Speaker 1: The analysts have said that they expect lower growth for
Speaker 1: the company going forward, also said that investor interest in
Speaker 1: that sector was really starting to wane in some what
Speaker 1: some ways say is quite harsh. They said that the
Speaker 1: company's and up cycle was old news, so that maybe
Speaker 1: seems to indicate that the company might not be able
Speaker 1: to kind of always ride the wave of consumer enthusiasm
Speaker 1: for its retro sneakers, which was really what I's been
Speaker 1: driving the growth over the last couple of years. And
Speaker 1: this comes just a few weeks after Nike, which is
Speaker 1: obviously the most direct competitor, worn that sales would also
Speaker 1: take a hit for them with a weakness in China
Speaker 1: in particular. So it seems that across the board for
Speaker 1: those spots where stocks there's maybe a lack of catalyst
Speaker 1: going forward and some weakness that we need to take
Speaker 1: into account.
Speaker 3: Oh, I've fallen for the New year resolution. I bought
Speaker 3: a new pair of trainers. You ladies are going to
Speaker 3: have to keep me on target for actually using them.
Speaker 2: You can never have enough shoes, Caroline. The Stock Movers
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Speaker 3: Mm HM