Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market harnessing the power of Bloomberg Data.
Speaker 3: Now let's take a look at some of the stocks
Speaker 3: on the move here in Europe. I'm Caroline HepG with
Speaker 3: Tom McKenzie and we're joined by Bimberg reporter Chloe Malay.
Speaker 3: Good morning, So let's think about the power gear maker
Speaker 3: Schneider Electric having a very good day in markets.
Speaker 4: But why Yeah, Well it's about big buyo back. Usually
Speaker 4: that's always received it very well and that's no different
Speaker 4: for Schneider Electric today. So it announced the buyo back
Speaker 4: of as much as three point five billion euros through
Speaker 4: to twenty thirty and so this is part of a
Speaker 4: broader medium term strategy for the company. So it's targeting
Speaker 4: a really big step up in profitability over those next
Speaker 4: five years, and they'll be driven by really positive trends
Speaker 4: in artificial integents of course, but also grid infrastructure and electrification.
Speaker 4: So big driver of growth that the one has been
Speaker 4: really talked about for Schneider has been of course data centers,
Speaker 4: so it provides some of that equipment that's really key
Speaker 4: to the running of data centers, so we're talking about
Speaker 4: cooling technologies, serverax, electrical equipment, etc. And in its latest results,
Speaker 4: Streider had said that the sales had really been boosted
Speaker 4: by that growing demand for this AI infrastructure and so
Speaker 4: that is something that will continue that it's hoping we'll
Speaker 4: continue over this next five years. So we have this
Speaker 4: strategy and also this big buy bag, this kind of
Speaker 4: focus on capital allocation of really driving those shares this
Speaker 4: morning and being welcomed quite warmly by the market and City.
Speaker 1: Meanwhile, Food for Thought in their take on Delivery hero.
Speaker 4: Yeah, so Delivery Heroes is down this morning after being
Speaker 4: downgraded to a cell rating by City ant List. So
Speaker 4: the analysts mentioned that it will be facing increasing competition
Speaker 4: in two regions of particular, so the Middle East and
Speaker 4: North Africa, and its biggest competitor which is metal On,
Speaker 4: which is the Chinese food delivery company. That is going
Speaker 4: to be a real big challenge for Delivery hero and
Speaker 4: that will really hurt growth and hurt the margin going forward,
Speaker 4: according to according to City. And so we have seen
Speaker 4: those shares coming down today and this comes just a
Speaker 4: day after shares again actually quite a bit yesterday because
Speaker 4: Delivery Hero had said that it was considering the next
Speaker 4: strategic steps for the company in response to investor pressure.
Speaker 4: So some investors are pushing for a sale of the
Speaker 4: entirety or parts of that company to try and boost
Speaker 4: profitability and try and turn things around for Delivery Hero.
Speaker 4: And so the fact that the company had said it
Speaker 4: was listening to those investors had boosted those shares yesterday.
Speaker 4: But now that downgrade is really weighing on that stock
Speaker 4: and it looks like next year will be quite tough
Speaker 4: for the food delivery company.
Speaker 1: Okay, Meanwhile, a company that makes items for kind of
Speaker 1: low light levels, I kind of nightgoggles, that sort of thing,
Speaker 1: Exo Sense. What's been happening with them?
Speaker 4: Yeah, we have exo Sense in France Dntheon in Greece,
Speaker 4: which are too smaller kind of defense names, and both
Speaker 4: of them are making night vision goggles. And they've both
Speaker 4: gained quite a lot this morning because they have signed
Speaker 4: a five hundred million euro contract to provide night vision
Speaker 4: equipment to the German and Belgian armed forces. So it's
Speaker 4: the largest contract ever in the history of night vision technology,
Speaker 4: at least according to those companies, and it's particularly big
Speaker 4: for them because they are actually obviously obviously on the
Speaker 4: smaller side than on the kind of level of ryin
Speaker 4: Mattaw when we think about defense, and Bunstein analysts have
Speaker 4: said that this was really supportive of that defense sector
Speaker 4: in general after the recent sell off that we've seen,
Speaker 4: in that this contract really supported the view that European
Speaker 4: countries will be continuing and are continuing to invest in
Speaker 4: their military and their defense efforts despite the fact that
Speaker 4: we are actually perhaps moving closer to peace in Ukraine
Speaker 4: and to the easing of those tensions between Russia and Ukraine.
Speaker 4: So the fact that that contract, that big contract was
Speaker 4: signed is essentially seen as a good sign for both
Speaker 4: the companies involved, directly those two smaller companies, but also
Speaker 4: for that broader industry where we have seen a little
Speaker 4: bit of concern perhaps that there will be a pullback
Speaker 4: in in spending.
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