1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,720 --> 00:00:18,640 Speaker 1: And let's take a look at some stocks on the 5 00:00:18,680 --> 00:00:22,760 Speaker 1: move today in Europe. Tom McKenzie with Stephen Cawen. We're 6 00:00:22,800 --> 00:00:26,520 Speaker 1: joined by Bloomberg's Equities reporter, of course, to walk through 7 00:00:26,640 --> 00:00:29,440 Speaker 1: some of the key names. Chloie Melee, Chloe. Let's start 8 00:00:29,440 --> 00:00:33,440 Speaker 1: with an addie in in the payments BIGI, big losses 9 00:00:33,479 --> 00:00:36,640 Speaker 1: this morning. What's behind the drop? What's behind the challenges 10 00:00:36,680 --> 00:00:39,519 Speaker 1: facing this Dutch payments company. 11 00:00:39,640 --> 00:00:41,559 Speaker 3: Yeah, so massive drop and chairs as you said, for 12 00:00:41,680 --> 00:00:44,839 Speaker 3: Adian today, that's on the back of that company cutting 13 00:00:44,960 --> 00:00:46,760 Speaker 3: or you know, if we want to be a bit 14 00:00:46,760 --> 00:00:49,080 Speaker 3: more generous, dimming its outlook for the year. That was 15 00:00:49,159 --> 00:00:51,800 Speaker 3: due to tariff. So it said that net revenue growth 16 00:00:52,040 --> 00:00:55,600 Speaker 3: was unlikely to accelerate this year, and before I had said 17 00:00:55,600 --> 00:00:59,160 Speaker 3: that it is, it's sort of slight acceleration. It said 18 00:00:59,160 --> 00:01:02,280 Speaker 3: that US tariff's hit some of its clients quite hard, 19 00:01:02,640 --> 00:01:06,760 Speaker 3: and especially the e commerce companies in Asia in particular. 20 00:01:06,800 --> 00:01:10,000 Speaker 3: So those companies are of course particularly exposed to Trump's 21 00:01:10,080 --> 00:01:13,520 Speaker 3: trade policies, not only the tariffs themselves, but in also 22 00:01:13,560 --> 00:01:17,840 Speaker 3: the cancelation of attacks exemption on small important parcels, and 23 00:01:17,880 --> 00:01:21,160 Speaker 3: that's having a knock on effect on given that Asia 24 00:01:21,200 --> 00:01:25,000 Speaker 3: Pacific accounts for about ten percent of its net revenue. 25 00:01:25,560 --> 00:01:29,319 Speaker 3: Its direct rival, PayPal also noted those similar weaknesses in 26 00:01:29,400 --> 00:01:33,080 Speaker 3: terms of consumer spending and in terms of those clients. 27 00:01:33,080 --> 00:01:35,960 Speaker 3: So the impact of that tariff uncertainty on that payment 28 00:01:36,240 --> 00:01:39,559 Speaker 3: processing industry as a whole seems to be definitely something 29 00:01:39,600 --> 00:01:43,800 Speaker 3: to keep in mind for ADI, and the diversified client 30 00:01:43,800 --> 00:01:46,840 Speaker 3: base could be a bit of a buffer against those risks, 31 00:01:47,319 --> 00:01:49,840 Speaker 3: but given how crucial those e commerce retailers are to 32 00:01:49,920 --> 00:01:53,640 Speaker 3: its business model, the growth trajectory does look a little 33 00:01:53,640 --> 00:01:54,800 Speaker 3: bit hard going forward. 34 00:01:54,920 --> 00:01:58,120 Speaker 2: Yeah, Huge shop seventeen percent, currently lower urgent in the Netherlands. 35 00:01:58,200 --> 00:02:00,880 Speaker 1: Let's turn to a Viva next are up three point 36 00:02:01,000 --> 00:02:01,680 Speaker 1: six percent. 37 00:02:02,080 --> 00:02:04,000 Speaker 3: Yeah, it's a good day for insurance today actually, So 38 00:02:04,320 --> 00:02:06,880 Speaker 3: Aviva is the biggest one that reported today, so it 39 00:02:07,000 --> 00:02:09,400 Speaker 3: raises interim dividend and it said there was a very 40 00:02:09,400 --> 00:02:13,239 Speaker 3: good momentum with really strong trading and a really solid 41 00:02:13,280 --> 00:02:16,720 Speaker 3: performance in the wealth platform in particular, So the assets 42 00:02:16,800 --> 00:02:20,320 Speaker 3: under management in that wealth business rose sixteen percent. The 43 00:02:20,360 --> 00:02:23,440 Speaker 3: asset management unit, which is called Aviva Investors, also did 44 00:02:23,560 --> 00:02:26,320 Speaker 3: very well, so it's all quite positive for the insurer. 45 00:02:26,400 --> 00:02:29,800 Speaker 3: We also had some positive results from other peers like 46 00:02:29,880 --> 00:02:32,840 Speaker 3: Talents and Admiral today and both of those also had 47 00:02:32,880 --> 00:02:36,480 Speaker 3: shares rising for Aviva. The next stage really now is 48 00:02:36,520 --> 00:02:39,560 Speaker 3: all about the integration of direct Line. It completed the 49 00:02:39,560 --> 00:02:43,680 Speaker 3: acquisition of that insurer last month, and the CEO hinted 50 00:02:43,760 --> 00:02:45,960 Speaker 3: that there could be maybe more deals coming. She said 51 00:02:45,960 --> 00:02:49,040 Speaker 3: that there's still only opportunities to go after, so something 52 00:02:49,080 --> 00:02:49,880 Speaker 3: to keep in mind. 53 00:02:50,200 --> 00:02:53,519 Speaker 1: Okay, And a difficult day for tysyn Krup as well, 54 00:02:53,560 --> 00:02:57,880 Speaker 1: and the impacts of an outlook cut for this company 55 00:02:57,880 --> 00:03:00,000 Speaker 1: that's focused on the industrial space. Autos is a big 56 00:03:00,080 --> 00:03:02,040 Speaker 1: part of the story. What's going on at tissing Krub. 57 00:03:02,240 --> 00:03:05,120 Speaker 3: Yeah, so it lowered its guidance and it's a third 58 00:03:05,160 --> 00:03:08,200 Speaker 3: quarter loss widened by quite a bit as well, So 59 00:03:08,320 --> 00:03:11,880 Speaker 3: that's what's sending the shares down this morning. It's dealing with, 60 00:03:12,000 --> 00:03:14,840 Speaker 3: as you said, very weak demand across end markets, the 61 00:03:14,840 --> 00:03:17,840 Speaker 3: automotive and market being one of the key ones, of course, 62 00:03:18,040 --> 00:03:21,079 Speaker 3: but engineering is also weak and construction is also very 63 00:03:21,120 --> 00:03:24,959 Speaker 3: weak as well. The car industry is obviously struggling in Europe, 64 00:03:25,040 --> 00:03:28,639 Speaker 3: and something that doesn't help is really high energy costs. 65 00:03:28,680 --> 00:03:31,560 Speaker 3: And the stock coming down today by a fair amount 66 00:03:31,760 --> 00:03:33,760 Speaker 3: is a bit of a reversal of the boom that 67 00:03:33,760 --> 00:03:35,760 Speaker 3: we saw in the shares over the last year, and 68 00:03:35,760 --> 00:03:38,440 Speaker 3: that was because this encredubtble is supposed to and it 69 00:03:38,480 --> 00:03:42,000 Speaker 3: is still supposed to really benefit from the rush in 70 00:03:42,080 --> 00:03:46,760 Speaker 3: defense spending. And just last week, shareholders approved the company's 71 00:03:46,840 --> 00:03:50,520 Speaker 3: pan to plan to partially spin off its marine system division, 72 00:03:50,600 --> 00:03:54,000 Speaker 3: so that builds submarines and that builds ships for defense customers. 73 00:03:54,040 --> 00:03:56,360 Speaker 3: So that is actually quite a bright spot, and that's 74 00:03:56,520 --> 00:03:58,800 Speaker 3: something that is brightening the outlook while the rest of 75 00:03:58,840 --> 00:04:00,760 Speaker 3: the end markets are strugg quite a lot. 76 00:04:02,200 --> 00:04:06,440 Speaker 2: The Stockmovers report from Bloomberg Radio. 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