1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:18,119 Speaker 1: Let's take a look at some of the stocks on 5 00:00:18,160 --> 00:00:20,599 Speaker 1: the move today here in Europe. I'm Caroline Hepgart with 6 00:00:20,720 --> 00:00:22,759 Speaker 1: Stephen Carroll and we're joined by Binberg. We're port to 7 00:00:22,800 --> 00:00:26,360 Speaker 1: Tiba Adebayo. Good morning. So we're thinking about the impact 8 00:00:26,400 --> 00:00:28,159 Speaker 1: of the war in the Middle East and what is 9 00:00:28,240 --> 00:00:32,120 Speaker 1: moving stocks in Europe. A move in Anglo American, what 10 00:00:32,240 --> 00:00:33,400 Speaker 1: is the context there? 11 00:00:34,000 --> 00:00:37,560 Speaker 3: So slight moved downwards for Anglo American this morning, about 12 00:00:37,600 --> 00:00:41,640 Speaker 3: as much as two percent drop. I mention it because 13 00:00:41,640 --> 00:00:46,400 Speaker 3: it's interesting amidst this continued correction that we're seeing from 14 00:00:46,520 --> 00:00:51,080 Speaker 3: precious metals. Gold is part of Anglo American's mining profile, 15 00:00:51,600 --> 00:00:56,080 Speaker 3: and markets are of course remaining cautious after Trump's signal 16 00:00:56,400 --> 00:00:59,080 Speaker 3: of a delay perhaps in strikes, which was seen as 17 00:00:59,080 --> 00:01:02,480 Speaker 3: a potential step toward towards de escalation of this context 18 00:01:02,680 --> 00:01:06,480 Speaker 3: of this crisis in the Middle East that was followed 19 00:01:06,600 --> 00:01:10,360 Speaker 3: by a denial of discussions from the Iranian side. But 20 00:01:10,400 --> 00:01:14,600 Speaker 3: investors are also contending with perhaps broader economic growth fears, 21 00:01:14,720 --> 00:01:18,720 Speaker 3: some citing potential long term damage to supplies to chains. 22 00:01:18,760 --> 00:01:23,039 Speaker 3: So we're seeing Anglo American continuing its trend downwards since yesterday. 23 00:01:23,360 --> 00:01:26,960 Speaker 3: Minor's potentially a sector to watch more broadly over the 24 00:01:27,000 --> 00:01:27,600 Speaker 3: coming days. 25 00:01:28,640 --> 00:01:32,160 Speaker 2: Okay, so let's turn next to the investment company x OR. 26 00:01:32,240 --> 00:01:33,200 Speaker 2: What did we learn from them? 27 00:01:34,000 --> 00:01:35,880 Speaker 3: So this is a firm which operates as a sort 28 00:01:35,920 --> 00:01:39,560 Speaker 3: of diversified holding company. It does bring in finance for 29 00:01:39,640 --> 00:01:43,520 Speaker 3: the development of its firms, and it operates across sectors, 30 00:01:43,560 --> 00:01:47,920 Speaker 3: so it's perhaps a good barometer of broader economic conditions. 31 00:01:47,960 --> 00:01:50,600 Speaker 3: It shares it down as much as seven point seven 32 00:01:50,640 --> 00:01:54,200 Speaker 3: percent this morning, hitting the lowest level since September twenty 33 00:01:54,280 --> 00:01:57,720 Speaker 3: twenty two. That's after they have reported this morning that 34 00:01:57,800 --> 00:02:01,840 Speaker 3: net assets for the full year miss the average analyst estimate. 35 00:02:02,440 --> 00:02:05,920 Speaker 3: Some analysts from KBC saying this morning that that contraction 36 00:02:06,360 --> 00:02:11,640 Speaker 3: was driven by external volatility and regulatory pressure. So perhaps 37 00:02:11,800 --> 00:02:16,200 Speaker 3: shedding light on the global uncertainty across different industries which 38 00:02:16,240 --> 00:02:18,120 Speaker 3: we've been seeing for a number of months now. 39 00:02:19,000 --> 00:02:22,840 Speaker 1: And then finally something different at M and A News, 40 00:02:22,880 --> 00:02:25,760 Speaker 1: and this time in the consumer the beauty sector. 41 00:02:26,280 --> 00:02:28,880 Speaker 3: Yeah, so some news here for Pooge which is up 42 00:02:28,919 --> 00:02:31,079 Speaker 3: as much as seventeen percent this morning, one of the 43 00:02:31,120 --> 00:02:33,960 Speaker 3: biggest winners on the stock six hundred, and that's on 44 00:02:34,080 --> 00:02:37,440 Speaker 3: reports that Esday Order could be in talks to acquire 45 00:02:37,480 --> 00:02:40,600 Speaker 3: them in the hopes of creating a sort of cosmetics 46 00:02:40,720 --> 00:02:44,840 Speaker 3: giant which would have twenty billion dollars in annual sales. 47 00:02:45,040 --> 00:02:48,560 Speaker 3: Now neither company has offered any details so far about 48 00:02:48,600 --> 00:02:51,280 Speaker 3: the terms at this stage, but Pooge is home to 49 00:02:51,480 --> 00:02:55,360 Speaker 3: perfume and fashion brands like Jean Porgotier and Carolina Herrera, 50 00:02:55,560 --> 00:02:59,440 Speaker 3: which would put Esdaylorder in a better position to compete 51 00:02:59,480 --> 00:03:02,440 Speaker 3: against the wor world's largest cosmetics company, which of course 52 00:03:02,480 --> 00:03:07,400 Speaker 3: is Loreal Lorder. Investors, however, weren't initially pleased with this news, 53 00:03:07,840 --> 00:03:11,200 Speaker 3: the stocks around eight percent at the close of New 54 00:03:11,280 --> 00:03:14,960 Speaker 3: York trading, alluding perhaps to some investors positioning for some 55 00:03:15,160 --> 00:03:18,560 Speaker 3: m and a arbitrage here. But Lord of shares have 56 00:03:18,720 --> 00:03:21,720 Speaker 3: risen over the passeng year on optimism about a turnaround 57 00:03:21,720 --> 00:03:24,960 Speaker 3: strategy under their chief executive officer, so one to watch 58 00:03:25,000 --> 00:03:28,720 Speaker 3: there as those talks and perhaps that acquisition might be 59 00:03:28,720 --> 00:03:29,880 Speaker 3: confirmed in the coming days. 60 00:03:31,080 --> 00:03:35,120 Speaker 2: The stock mover's report from Bloomberg Radio check Back with 61 00:03:35,200 --> 00:03:37,760 Speaker 2: us throughout the day for the latest roundup of companies 62 00:03:37,840 --> 00:03:40,920 Speaker 2: making news on Wall Street, and for the latest market 63 00:03:40,960 --> 00:03:45,440 Speaker 2: moving headlines. 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