WEBVTT - Ocado Jumps, Lufthansa Rises, CTS Eventim Surges  

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some stocks on the move

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<v Speaker 2>today in Europe. I'm rach Evans with Carolyn Hepcat and

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<v Speaker 2>we're joined by Bloomberg's Tiwa ated Bio to you, Tiva.

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<v Speaker 2>Thank you very much for joining us, and let's start

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<v Speaker 2>by talking about groceries where we've got some moves for

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<v Speaker 2>Acado this morning. Are there shares delivering well?

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<v Speaker 3>That seems to be the case so far. They're up

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<v Speaker 3>as much as fourteen percent, just over fourteen percent at

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<v Speaker 3>the moment. That is the most they've been up this year.

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<v Speaker 3>And it's coming off the back of an announcement of

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<v Speaker 3>a new partnership with Asda. So they've said today that

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<v Speaker 3>they're going to be working with Asda to help develop

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<v Speaker 3>their online business across the UK and that's using the

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<v Speaker 3>Acado Smart platform. The focus is going to be to

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<v Speaker 3>quickly replace and upgrade Asda's existing e commerce infrastructure using

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<v Speaker 3>Akado's solutions. It's going to be rolled out starting in

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<v Speaker 3>twenty twenty seven. Now, as to handles more than seven

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<v Speaker 3>hundred thousand online orders a week in the UK, so

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<v Speaker 3>this could be potentially quite lucrative for Acado, and analysts

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<v Speaker 3>are reacting well to this peel hunt, predicting that it

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<v Speaker 3>will be taken well by investors because it's a new

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<v Speaker 3>deal for Ocado after a long gap, so it shows

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<v Speaker 3>that clients still value Acardo's technology despite recent negative sentiment.

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<v Speaker 3>And it's in the UK, which is a market that

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<v Speaker 3>ACRDO hasn't been able to expand in significantly as of late.

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<v Speaker 3>Should mention as well that in terms of the grocery sector,

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<v Speaker 3>ACRDO is bucking a trend today, so Tesco's, Sainsbury's and

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<v Speaker 3>Marks and Spencer all seeing their shares dip slightly, So

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<v Speaker 3>certainly a positive assessment of this new deal, this new

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<v Speaker 3>announcement today from Acado.

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<v Speaker 4>Yeah, it's interesting, isn't it. They were under pressure to

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<v Speaker 4>deliver more so this has been quite interesting to see

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<v Speaker 4>that happen. What about CTS eventum, I've been to the

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<v Speaker 4>Aventum Apollo, which is one venue in London that they run.

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<v Speaker 4>What's been driving gains for this business?

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<v Speaker 1>Well, that's funny.

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<v Speaker 3>You should mention the event Caroline because it's all about

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<v Speaker 3>live events that is what's driving the games. Their shares

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<v Speaker 3>are up thirteen percent, the most since November twenty twenty.

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<v Speaker 3>That's after they've reported a first quarter sales and Ebert

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<v Speaker 3>DAHR that both beat consensus estimates and crucially adjusted ebit

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<v Speaker 3>dah for that live entertainment segment has surged by one

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<v Speaker 3>hundred and fifty percent, and that is due to tours

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<v Speaker 3>and at popular events, particularly in Germany. They've also seen

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<v Speaker 3>better than expected revenues and Ebert daar as constructive signals

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<v Speaker 3>on underlying momentum going into the full year. That's according

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<v Speaker 3>to a JP Morgan analyst. Management also retaining a positive

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<v Speaker 3>tone on trading into the summer, the summer festival and

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<v Speaker 3>events and concert season. They see scope to revisit the

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<v Speaker 3>guidance later this year. So a positive morning for eventum

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<v Speaker 3>and perhaps more positivity to come later this year. Well.

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<v Speaker 2>Talking of positivity, it seems that travel stocks are also

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<v Speaker 2>having a good morning. How's the likes of Lftansa doing

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<v Speaker 2>and why so?

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<v Speaker 3>Lift Hansa is up just under three percent this morning.

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<v Speaker 3>It's alongside another travel stock, two E that's up three

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<v Speaker 3>point seven percent as well. This is coming as Europe's

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<v Speaker 3>long haul flight capacity really hangs in the balance due

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<v Speaker 3>to the fallout from the Iran War. We've seen travel

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<v Speaker 3>stocks react to the conflict in the Middle East and

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<v Speaker 3>the latest developments there over the last few weeks. Of course,

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<v Speaker 3>the straight up all moods is still closed, but the

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<v Speaker 3>needs of this latest tentative agreement to extend the ceasefire

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<v Speaker 3>by sixty days perhaps lifting travel stocks today. There's also

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<v Speaker 3>a Bloomberg Intelligence report out suggesting that lift HANSA in

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<v Speaker 3>particular is being disciplined about cutting its schedules to protect yields,

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<v Speaker 3>even though capacity trends versus twenty nineteen levels actually lagging peers.

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<v Speaker 3>We do know how close the travel stocks have been

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<v Speaker 3>following oil prices as well during this conflict too, so

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<v Speaker 3>airlines definitely want to watch as we go into that

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<v Speaker 3>summer travel season and perhaps we get closer to a

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<v Speaker 3>deal between the US and A're onto.

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