WEBVTT - Anglo American Down, Exor Slides, Puig Soars 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some of the stocks on

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<v Speaker 1>the move today here in Europe. I'm Caroline Hepgart with

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<v Speaker 1>Stephen Carroll and we're joined by Binberg. We're port to

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<v Speaker 1>Tiba Adebayo. Good morning. So we're thinking about the impact

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<v Speaker 1>of the war in the Middle East and what is

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<v Speaker 1>moving stocks in Europe. A move in Anglo American, what

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<v Speaker 1>is the context there?

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<v Speaker 3>So slight moved downwards for Anglo American this morning, about

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<v Speaker 3>as much as two percent drop. I mention it because

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<v Speaker 3>it's interesting amidst this continued correction that we're seeing from

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<v Speaker 3>precious metals. Gold is part of Anglo American's mining profile,

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<v Speaker 3>and markets are of course remaining cautious after Trump's signal

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<v Speaker 3>of a delay perhaps in strikes, which was seen as

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<v Speaker 3>a potential step toward towards de escalation of this context

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<v Speaker 3>of this crisis in the Middle East that was followed

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<v Speaker 3>by a denial of discussions from the Iranian side. But

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<v Speaker 3>investors are also contending with perhaps broader economic growth fears,

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<v Speaker 3>some citing potential long term damage to supplies to chains.

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<v Speaker 3>So we're seeing Anglo American continuing its trend downwards since yesterday.

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<v Speaker 3>Minor's potentially a sector to watch more broadly over the

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<v Speaker 3>coming days.

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<v Speaker 2>Okay, so let's turn next to the investment company x OR.

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<v Speaker 2>What did we learn from them?

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<v Speaker 3>So this is a firm which operates as a sort

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<v Speaker 3>of diversified holding company. It does bring in finance for

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<v Speaker 3>the development of its firms, and it operates across sectors,

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<v Speaker 3>so it's perhaps a good barometer of broader economic conditions.

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<v Speaker 3>It shares it down as much as seven point seven

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<v Speaker 3>percent this morning, hitting the lowest level since September twenty

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<v Speaker 3>twenty two. That's after they have reported this morning that

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<v Speaker 3>net assets for the full year miss the average analyst estimate.

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<v Speaker 3>Some analysts from KBC saying this morning that that contraction

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<v Speaker 3>was driven by external volatility and regulatory pressure. So perhaps

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<v Speaker 3>shedding light on the global uncertainty across different industries which

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<v Speaker 3>we've been seeing for a number of months now.

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<v Speaker 1>And then finally something different at M and A News,

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<v Speaker 1>and this time in the consumer the beauty sector.

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<v Speaker 3>Yeah, so some news here for Pooge which is up

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<v Speaker 3>as much as seventeen percent this morning, one of the

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<v Speaker 3>biggest winners on the stock six hundred, and that's on

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<v Speaker 3>reports that Esday Order could be in talks to acquire

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<v Speaker 3>them in the hopes of creating a sort of cosmetics

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<v Speaker 3>giant which would have twenty billion dollars in annual sales.

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<v Speaker 3>Now neither company has offered any details so far about

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<v Speaker 3>the terms at this stage, but Pooge is home to

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<v Speaker 3>perfume and fashion brands like Jean Porgotier and Carolina Herrera,

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<v Speaker 3>which would put Esdaylorder in a better position to compete

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<v Speaker 3>against the wor world's largest cosmetics company, which of course

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<v Speaker 3>is Loreal Lorder. Investors, however, weren't initially pleased with this news,

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<v Speaker 3>the stocks around eight percent at the close of New

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<v Speaker 3>York trading, alluding perhaps to some investors positioning for some

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<v Speaker 3>m and a arbitrage here. But Lord of shares have

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<v Speaker 3>risen over the passeng year on optimism about a turnaround

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<v Speaker 3>strategy under their chief executive officer, so one to watch

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<v Speaker 3>there as those talks and perhaps that acquisition might be

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<v Speaker 3>confirmed in the coming days.

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