1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:17,520 --> 00:00:18,919 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,960 --> 00:00:21,400 Speaker 3: the move today in Europe. Were joined by Bombag's Equities 6 00:00:21,440 --> 00:00:26,120 Speaker 3: report At Joe Eastern things aren't all Gucci occurring. How's 7 00:00:26,160 --> 00:00:30,120 Speaker 3: the market taking their latest announcement with results? 8 00:00:30,560 --> 00:00:32,839 Speaker 1: No, so they're not Guccie at all. At Caring, So 9 00:00:33,159 --> 00:00:37,159 Speaker 1: Caring was expected to see sales at Gucci drop around 10 00:00:37,159 --> 00:00:39,800 Speaker 1: twenty four percent in the quarter. They've managed to come 11 00:00:39,840 --> 00:00:42,960 Speaker 1: in even worse than that, dropping twenty five percent on 12 00:00:43,000 --> 00:00:47,360 Speaker 1: a comparable basis. Most of the weakness over in Asia 13 00:00:47,520 --> 00:00:50,600 Speaker 1: Europe it was down around eleven percent or ten percent 14 00:00:50,720 --> 00:00:54,160 Speaker 1: as well over in the US. But really Asia is weak, 15 00:00:54,880 --> 00:00:57,800 Speaker 1: probably weaker than the market actually expected. They are trying 16 00:00:57,800 --> 00:00:59,600 Speaker 1: to do a bit of a turnaround, of course, and 17 00:00:59,640 --> 00:01:03,760 Speaker 1: also so generally it's just a pretty pretty messy situation 18 00:01:03,840 --> 00:01:06,039 Speaker 1: as they try and revive that brand. Even some of 19 00:01:06,040 --> 00:01:08,560 Speaker 1: the other brands seem to be weakening as well. Balentciaga 20 00:01:08,720 --> 00:01:12,319 Speaker 1: was soft. So the continued slump for Karen continues in 21 00:01:12,319 --> 00:01:14,360 Speaker 1: that stock down around seven percent of the moment and 22 00:01:14,440 --> 00:01:17,520 Speaker 1: extending the year to day losses that we've seen on 23 00:01:17,560 --> 00:01:20,520 Speaker 1: that stock has really been on a very bad run. Indeed, 24 00:01:20,560 --> 00:01:21,600 Speaker 1: for that one. 25 00:01:21,600 --> 00:01:23,760 Speaker 4: Bit of a blast from the past, Joe, when we 26 00:01:23,800 --> 00:01:26,039 Speaker 4: get to talk about Nokia, which listeners of a certain 27 00:01:26,040 --> 00:01:28,280 Speaker 4: age will remember a pro their mobile phones not part 28 00:01:28,280 --> 00:01:30,480 Speaker 4: of the business anymore, but they've been warning about the 29 00:01:30,480 --> 00:01:32,720 Speaker 4: impact of tariffs on their telecoms business. 30 00:01:33,400 --> 00:01:37,360 Speaker 1: Yep, so this is all about the telecoms of infrastructure, 31 00:01:37,360 --> 00:01:39,080 Speaker 1: not so much the old snake game that we well 32 00:01:39,160 --> 00:01:43,319 Speaker 1: used to play. It is the tariffs hitting Nokia. So 33 00:01:43,440 --> 00:01:46,399 Speaker 1: Nokia reckons it's going to be difficult to meet the 34 00:01:46,440 --> 00:01:49,400 Speaker 1: top end of its guidance this year because of all 35 00:01:49,400 --> 00:01:51,680 Speaker 1: the impact on the economy of tariffs and how this 36 00:01:51,760 --> 00:01:55,440 Speaker 1: is causing a really uncertain outlook for them. They have 37 00:01:55,560 --> 00:01:58,920 Speaker 1: actually just won a big contract with T Mobile that's 38 00:01:58,920 --> 00:02:02,000 Speaker 1: worth several billions of euros, but that's not doing enough 39 00:02:02,000 --> 00:02:04,240 Speaker 1: to help the stocks at the stock today actually down 40 00:02:04,280 --> 00:02:07,640 Speaker 1: around nine percent at the moment. That is really one 41 00:02:07,680 --> 00:02:10,720 Speaker 1: of the worst performers we've got, extending the losses this 42 00:02:10,840 --> 00:02:14,320 Speaker 1: month to around fifteen percent. It was week heading into 43 00:02:14,360 --> 00:02:17,560 Speaker 1: the report and analysts or traders who sold the stock 44 00:02:17,600 --> 00:02:20,440 Speaker 1: into the report being proved right because it is another 45 00:02:20,919 --> 00:02:22,080 Speaker 1: miss Forinocia today. 46 00:02:22,960 --> 00:02:26,200 Speaker 3: Okay, Then to Unilever, which has finally decided on a 47 00:02:26,360 --> 00:02:30,240 Speaker 3: name for its ice cream business. Are there Magnum profits 48 00:02:30,240 --> 00:02:31,040 Speaker 3: in its future? 49 00:02:31,480 --> 00:02:34,000 Speaker 1: Well that's the big, the big news that we're all 50 00:02:34,440 --> 00:02:37,840 Speaker 1: all excited about. The Unilever ice cream business that's going 51 00:02:37,880 --> 00:02:41,160 Speaker 1: to be separately listed in Amsterdam, not London, is going 52 00:02:41,200 --> 00:02:44,600 Speaker 1: to be called the Magnum ice Cream Co. So beating 53 00:02:44,600 --> 00:02:48,280 Speaker 1: out Ben and Jerry's cornetto Solero. They had the pick 54 00:02:48,600 --> 00:02:50,760 Speaker 1: of many different brands, but they've gone with Magnum. 55 00:02:51,560 --> 00:02:53,679 Speaker 3: In term my favorites, I think they're right. 56 00:02:53,840 --> 00:02:58,000 Speaker 4: Vonetta should again it's just all retro brands that we're 57 00:02:58,000 --> 00:02:58,840 Speaker 4: talking about now. 58 00:03:00,200 --> 00:03:02,880 Speaker 1: To shares rising, that would have been good. But anyway, 59 00:03:02,880 --> 00:03:06,320 Speaker 1: in terms of the numbers, the numbers pretty much in line. 60 00:03:06,360 --> 00:03:09,040 Speaker 1: They're actually Unilever raising prices, not just in ice cream 61 00:03:09,080 --> 00:03:11,360 Speaker 1: of course, but in all of their other products in 62 00:03:11,440 --> 00:03:15,280 Speaker 1: household goods, raising the prices to maintain the sales growth, 63 00:03:15,440 --> 00:03:18,079 Speaker 1: and that's kind of supporting the stock today. It's only 64 00:03:18,120 --> 00:03:21,520 Speaker 1: up zero point seven percent, but given that a lot 65 00:03:21,520 --> 00:03:24,400 Speaker 1: of their peers are reported declines, including wreck It Yesterday, 66 00:03:24,400 --> 00:03:27,280 Speaker 1: which we saw dropping sharply. It's actually not too bad 67 00:03:27,320 --> 00:03:29,720 Speaker 1: of a result for them, giving the sales pretty much 68 00:03:29,919 --> 00:03:33,760 Speaker 1: in line with expectations, but mostly because they are increasing prices. 69 00:03:34,680 --> 00:03:37,040 Speaker 3: Well, we've had some old and some new. I mean, 70 00:03:37,120 --> 00:03:40,040 Speaker 3: were you reaching for the Urban Dictionary for the definition 71 00:03:40,080 --> 00:03:40,600 Speaker 3: of gucci? 72 00:03:41,960 --> 00:03:44,120 Speaker 1: Somebody that was flat? 73 00:03:44,760 --> 00:03:47,320 Speaker 4: People in your life, Caroline, say things like that out regularly. 74 00:03:48,080 --> 00:03:50,200 Speaker 1: Gucci is an adjective apparently, y yeah. 75 00:03:50,320 --> 00:03:52,360 Speaker 3: It means kind of cool, fresh good. 76 00:03:53,560 --> 00:03:55,400 Speaker 1: I like it a lexicon. 77 00:03:55,040 --> 00:04:00,920 Speaker 2: Now the Stock Movers podcast from Bloomberg Radio. Check back 78 00:04:00,920 --> 00:04:03,320 Speaker 2: with us throughout the day for the latest roundup of 79 00:04:03,400 --> 00:04:06,560 Speaker 2: companies making news on Wall Street and for the latest 80 00:04:06,640 --> 00:04:10,760 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 81 00:04:10,800 --> 00:04:14,200 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 82 00:04:14,200 --> 00:04:16,200 Speaker 2: Auto with the Bloomberg Business app.