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 --> 00:00:16,079 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,200 --> 00:00:17,560 Speaker 1: Let's look at some of the stocks on the move 5 00:00:17,600 --> 00:00:20,040 Speaker 1: today here in Europe. I'm Caroline Hepgar with Vonnie Quinn 6 00:00:20,040 --> 00:00:22,959 Speaker 1: and we'll bring in Bloomberg with porter Tiba Adebayer to 7 00:00:23,000 --> 00:00:26,520 Speaker 1: take us through what is happening in markets. And let's 8 00:00:26,520 --> 00:00:30,560 Speaker 1: start with the minor Bolladin shares, moving on news from 9 00:00:30,680 --> 00:00:32,839 Speaker 1: the firm at a crucial time of course for the 10 00:00:32,880 --> 00:00:36,800 Speaker 1: sector overall. Been talking about lots of miners this week, so. 11 00:00:36,800 --> 00:00:40,560 Speaker 3: We're actually seeing declines across the mining sector this morning. 12 00:00:40,600 --> 00:00:43,440 Speaker 3: Boliden one of the biggest losers on the stock six hundred, 13 00:00:43,640 --> 00:00:47,600 Speaker 3: down as much as seventeen percent. This firm has mining 14 00:00:47,640 --> 00:00:51,280 Speaker 3: operations in Europe. They sell metals and mineral products primarily 15 00:00:51,320 --> 00:00:54,560 Speaker 3: but also gold, and this particular drop is due to 16 00:00:54,600 --> 00:00:57,160 Speaker 3: an update from the firm about a key mine in 17 00:00:57,240 --> 00:01:00,520 Speaker 3: Sweden which they say will be operating at around thirty 18 00:01:00,560 --> 00:01:04,360 Speaker 3: percent of capacity until further notice, and this is expected 19 00:01:04,400 --> 00:01:07,200 Speaker 3: to have a broader effect on their margins, affecting ebert 20 00:01:07,280 --> 00:01:11,920 Speaker 3: DA negatively at today's prices dropping because analysts say they 21 00:01:12,000 --> 00:01:14,679 Speaker 3: had modeled in a more benign impact from this disruption, 22 00:01:14,800 --> 00:01:18,320 Speaker 3: so as surprised to the downside. There also Morgan Stanley 23 00:01:18,480 --> 00:01:22,759 Speaker 3: noting that the affected facility is Boliden's largest and most 24 00:01:22,800 --> 00:01:26,280 Speaker 3: profitable mining assets, so perhaps further losses to come in 25 00:01:26,280 --> 00:01:27,080 Speaker 3: the next few days. 26 00:01:27,360 --> 00:01:30,440 Speaker 1: That's massive lost today at least well in terms of consumers. 27 00:01:30,880 --> 00:01:33,720 Speaker 2: Next share is arising, but they also have a warning 28 00:01:33,760 --> 00:01:35,280 Speaker 2: about the Middle East conflict. 29 00:01:35,319 --> 00:01:37,120 Speaker 1: Why should Next be warning about the Middle East? 30 00:01:37,520 --> 00:01:40,640 Speaker 3: Yeah, that's right. So Next is climbing this morning after 31 00:01:40,959 --> 00:01:44,240 Speaker 3: their latest updates, up by the most since October last year, 32 00:01:44,640 --> 00:01:47,840 Speaker 3: and that is after they announced an expected pretax profit 33 00:01:47,880 --> 00:01:50,760 Speaker 3: of just over one point two billion pounds. That's slightly 34 00:01:50,880 --> 00:01:54,760 Speaker 3: higher than their January forecasts. And that's even despite the 35 00:01:54,800 --> 00:01:58,280 Speaker 3: potential impact of the Middle East conflict on supply chain 36 00:01:58,440 --> 00:02:01,680 Speaker 3: resilience and also consumer But I do have to caveat 37 00:02:01,720 --> 00:02:04,440 Speaker 3: this because they did also have some harsh warnings as 38 00:02:04,440 --> 00:02:07,000 Speaker 3: you mentioned, about the impact of the Middle East conflict. 39 00:02:07,000 --> 00:02:09,640 Speaker 3: They're saying that they'll have to raise prices if this 40 00:02:09,760 --> 00:02:12,720 Speaker 3: war persists, and they expect it to add fifteen million 41 00:02:12,800 --> 00:02:16,000 Speaker 3: pounds of costs now. So far these costs have been 42 00:02:16,040 --> 00:02:19,240 Speaker 3: offset by savings elsewhere, but there is this worry that, 43 00:02:19,360 --> 00:02:22,440 Speaker 3: depending on how long the war carries on, those costs 44 00:02:22,480 --> 00:02:25,280 Speaker 3: could end up being passed on to consumers. But it 45 00:02:25,320 --> 00:02:28,200 Speaker 3: does seem that investors are choosing to focus on the positives, 46 00:02:28,200 --> 00:02:30,920 Speaker 3: at least for now. One analyst from Jeffreys saying the 47 00:02:31,000 --> 00:02:35,560 Speaker 3: update is reassuring given next strong trading in the UK. Yeah. 48 00:02:35,720 --> 00:02:39,120 Speaker 1: I also notice H and M sort of saying something similar, 49 00:02:39,160 --> 00:02:42,720 Speaker 1: weakening picture because of what's happening in the Middle East, 50 00:02:42,760 --> 00:02:44,800 Speaker 1: and maybe they're not exposed specifically to that, but it's 51 00:02:44,800 --> 00:02:47,320 Speaker 1: about consumer behavior elsewhere. So their share price is also 52 00:02:47,720 --> 00:02:52,880 Speaker 1: down today. Finally, Aviva, why is their stock dropping? 53 00:02:53,600 --> 00:02:56,400 Speaker 3: You know, Aviva's down as much as four point six 54 00:02:56,560 --> 00:02:58,840 Speaker 3: percent today and this is all based on sort of 55 00:02:58,880 --> 00:03:01,920 Speaker 3: growing fears around credit. So yes, so we saw the 56 00:03:01,960 --> 00:03:06,240 Speaker 3: bank Jeffries missed Wall Street estimates. The important bit here 57 00:03:06,280 --> 00:03:10,000 Speaker 3: is that Jeffries was dragged down by losses on credit bets. 58 00:03:10,240 --> 00:03:13,880 Speaker 3: There's also an area's private credit fund posted its deepest 59 00:03:14,000 --> 00:03:17,360 Speaker 3: monthly loss on record, and also we heard from the 60 00:03:17,400 --> 00:03:20,680 Speaker 3: ex Goldman CEO Lloyd blank Fain saying there's a risk 61 00:03:20,760 --> 00:03:25,040 Speaker 3: of fire in private markets. So European companies tied to 62 00:03:25,240 --> 00:03:28,760 Speaker 3: private credit are in the spotlight in this first hour 63 00:03:28,840 --> 00:03:32,880 Speaker 3: of trading. We're watching names like Axa, Alion's Legal in general, 64 00:03:33,240 --> 00:03:35,400 Speaker 3: and the risk in this sector is something that we've 65 00:03:35,400 --> 00:03:37,240 Speaker 3: been discussing for a while now. There were of those 66 00:03:37,400 --> 00:03:40,440 Speaker 3: infamous comments from Jamie Diamond about cockroaches in the sector, 67 00:03:40,480 --> 00:03:44,160 Speaker 3: and just yesterday a Bloomberg exclusive about Barclay's pulling back 68 00:03:44,200 --> 00:03:47,560 Speaker 3: on its asset back loans, so perhaps this is just 69 00:03:47,600 --> 00:03:50,240 Speaker 3: slightly starting to price that in now. Definitely something to 70 00:03:50,240 --> 00:03:51,520 Speaker 3: watch over the coming days. 71 00:03:52,080 --> 00:03:56,120 Speaker 2: The Stock Mover's Report from Bloomberg Radio. 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