Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some stocks on the move
Speaker 2: today in Europe. I'm rach Evans with Carolyn Hepcat and
Speaker 2: we're joined by Bloomberg's Tiwa ated Bio to you, Tiva.
Speaker 2: Thank you very much for joining us, and let's start
Speaker 2: by talking about groceries where we've got some moves for
Speaker 2: Acado this morning. Are there shares delivering well?
Speaker 3: That seems to be the case so far. They're up
Speaker 3: as much as fourteen percent, just over fourteen percent at
Speaker 3: the moment. That is the most they've been up this year.
Speaker 3: And it's coming off the back of an announcement of
Speaker 3: a new partnership with Asda. So they've said today that
Speaker 3: they're going to be working with Asda to help develop
Speaker 3: their online business across the UK and that's using the
Speaker 3: Acado Smart platform. The focus is going to be to
Speaker 3: quickly replace and upgrade Asda's existing e commerce infrastructure using
Speaker 3: Akado's solutions. It's going to be rolled out starting in
Speaker 3: twenty twenty seven. Now, as to handles more than seven
Speaker 3: hundred thousand online orders a week in the UK, so
Speaker 3: this could be potentially quite lucrative for Acado, and analysts
Speaker 3: are reacting well to this peel hunt, predicting that it
Speaker 3: will be taken well by investors because it's a new
Speaker 3: deal for Ocado after a long gap, so it shows
Speaker 3: that clients still value Acardo's technology despite recent negative sentiment.
Speaker 3: And it's in the UK, which is a market that
Speaker 3: ACRDO hasn't been able to expand in significantly as of late.
Speaker 3: Should mention as well that in terms of the grocery sector,
Speaker 3: ACRDO is bucking a trend today, so Tesco's, Sainsbury's and
Speaker 3: Marks and Spencer all seeing their shares dip slightly, So
Speaker 3: certainly a positive assessment of this new deal, this new
Speaker 3: announcement today from Acado.
Speaker 4: Yeah, it's interesting, isn't it. They were under pressure to
Speaker 4: deliver more so this has been quite interesting to see
Speaker 4: that happen. What about CTS eventum, I've been to the
Speaker 4: Aventum Apollo, which is one venue in London that they run.
Speaker 4: What's been driving gains for this business?
Speaker 1: Well, that's funny.
Speaker 3: You should mention the event Caroline because it's all about
Speaker 3: live events that is what's driving the games. Their shares
Speaker 3: are up thirteen percent, the most since November twenty twenty.
Speaker 3: That's after they've reported a first quarter sales and Ebert
Speaker 3: DAHR that both beat consensus estimates and crucially adjusted ebit
Speaker 3: dah for that live entertainment segment has surged by one
Speaker 3: hundred and fifty percent, and that is due to tours
Speaker 3: and at popular events, particularly in Germany. They've also seen
Speaker 3: better than expected revenues and Ebert daar as constructive signals
Speaker 3: on underlying momentum going into the full year. That's according
Speaker 3: to a JP Morgan analyst. Management also retaining a positive
Speaker 3: tone on trading into the summer, the summer festival and
Speaker 3: events and concert season. They see scope to revisit the
Speaker 3: guidance later this year. So a positive morning for eventum
Speaker 3: and perhaps more positivity to come later this year. Well.
Speaker 2: Talking of positivity, it seems that travel stocks are also
Speaker 2: having a good morning. How's the likes of Lftansa doing
Speaker 2: and why so?
Speaker 3: Lift Hansa is up just under three percent this morning.
Speaker 3: It's alongside another travel stock, two E that's up three
Speaker 3: point seven percent as well. This is coming as Europe's
Speaker 3: long haul flight capacity really hangs in the balance due
Speaker 3: to the fallout from the Iran War. We've seen travel
Speaker 3: stocks react to the conflict in the Middle East and
Speaker 3: the latest developments there over the last few weeks. Of course,
Speaker 3: the straight up all moods is still closed, but the
Speaker 3: needs of this latest tentative agreement to extend the ceasefire
Speaker 3: by sixty days perhaps lifting travel stocks today. There's also
Speaker 3: a Bloomberg Intelligence report out suggesting that lift HANSA in
Speaker 3: particular is being disciplined about cutting its schedules to protect yields,
Speaker 3: even though capacity trends versus twenty nineteen levels actually lagging peers.
Speaker 3: We do know how close the travel stocks have been
Speaker 3: following oil prices as well during this conflict too, so
Speaker 3: airlines definitely want to watch as we go into that
Speaker 3: summer travel season and perhaps we get closer to a
Speaker 3: deal between the US and A're onto.
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