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 1: Let's take a look at some of the stocks on
Speaker 1: the move today here in Europe. I'm Caroline Hepgart with
Speaker 1: Stephen Carroll and we're joined by Binberg. We're port to
Speaker 1: Tiba Adebayo. Good morning. So we're thinking about the impact
Speaker 1: of the war in the Middle East and what is
Speaker 1: moving stocks in Europe. A move in Anglo American, what
Speaker 1: is the context there?
Speaker 3: So slight moved downwards for Anglo American this morning, about
Speaker 3: as much as two percent drop. I mention it because
Speaker 3: it's interesting amidst this continued correction that we're seeing from
Speaker 3: precious metals. Gold is part of Anglo American's mining profile,
Speaker 3: and markets are of course remaining cautious after Trump's signal
Speaker 3: of a delay perhaps in strikes, which was seen as
Speaker 3: a potential step toward towards de escalation of this context
Speaker 3: of this crisis in the Middle East that was followed
Speaker 3: by a denial of discussions from the Iranian side. But
Speaker 3: investors are also contending with perhaps broader economic growth fears,
Speaker 3: some citing potential long term damage to supplies to chains.
Speaker 3: So we're seeing Anglo American continuing its trend downwards since yesterday.
Speaker 3: Minor's potentially a sector to watch more broadly over the
Speaker 3: coming days.
Speaker 2: Okay, so let's turn next to the investment company x OR.
Speaker 2: What did we learn from them?
Speaker 3: So this is a firm which operates as a sort
Speaker 3: of diversified holding company. It does bring in finance for
Speaker 3: the development of its firms, and it operates across sectors,
Speaker 3: so it's perhaps a good barometer of broader economic conditions.
Speaker 3: It shares it down as much as seven point seven
Speaker 3: percent this morning, hitting the lowest level since September twenty
Speaker 3: twenty two. That's after they have reported this morning that
Speaker 3: net assets for the full year miss the average analyst estimate.
Speaker 3: Some analysts from KBC saying this morning that that contraction
Speaker 3: was driven by external volatility and regulatory pressure. So perhaps
Speaker 3: shedding light on the global uncertainty across different industries which
Speaker 3: we've been seeing for a number of months now.
Speaker 1: And then finally something different at M and A News,
Speaker 1: and this time in the consumer the beauty sector.
Speaker 3: Yeah, so some news here for Pooge which is up
Speaker 3: as much as seventeen percent this morning, one of the
Speaker 3: biggest winners on the stock six hundred, and that's on
Speaker 3: reports that Esday Order could be in talks to acquire
Speaker 3: them in the hopes of creating a sort of cosmetics
Speaker 3: giant which would have twenty billion dollars in annual sales.
Speaker 3: Now neither company has offered any details so far about
Speaker 3: the terms at this stage, but Pooge is home to
Speaker 3: perfume and fashion brands like Jean Porgotier and Carolina Herrera,
Speaker 3: which would put Esdaylorder in a better position to compete
Speaker 3: against the wor world's largest cosmetics company, which of course
Speaker 3: is Loreal Lorder. Investors, however, weren't initially pleased with this news,
Speaker 3: the stocks around eight percent at the close of New
Speaker 3: York trading, alluding perhaps to some investors positioning for some
Speaker 3: m and a arbitrage here. But Lord of shares have
Speaker 3: risen over the passeng year on optimism about a turnaround
Speaker 3: strategy under their chief executive officer, so one to watch
Speaker 3: there as those talks and perhaps that acquisition might be
Speaker 3: confirmed in the coming days.
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