WEBVTT - Delivery Hero's Villain, Compass Up, Vodafone Climbs

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market. Harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a.

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<v Speaker 4>Look at some of the stocks on the move today

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<v Speaker 4>in Europe. I'm met to you at Adebaya with Stephen Carroll,

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<v Speaker 4>and we're joined by Bloomberg's Breaking News editor Louise Mean Louise,

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<v Speaker 4>Delivery Hero appears for found an activist Villain tell us more.

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<v Speaker 1>Its larger shareholder is selling another steak, and this time

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<v Speaker 1>it's to a company, a Hong Kong based company called

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<v Speaker 1>Aspects Management. So it's a five percent steak that's being

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<v Speaker 1>sold at twenty two euros a share. So Process will

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<v Speaker 1>make about three hundred and thirty five million euros from

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<v Speaker 1>the deal, and it cuts its steak again, so it

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<v Speaker 1>takes its entire holding to about seventeen percent. This is

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<v Speaker 1>in line with its commitments to sell down most of

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<v Speaker 1>Stakes so that it can go ahead with acquiring Just

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<v Speaker 1>Eat Takeaway, which is obviously arrival to Delivery Hero. But

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<v Speaker 1>as you say, that means that Aspects, the Hong Kong

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<v Speaker 1>based company, will increase its stake to about fourteen percent

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<v Speaker 1>become the second larger shareholder. They've been pushing already for

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<v Speaker 1>its CEO to either offload assets or essentially leave the company,

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<v Speaker 1>so it ups the ante on the CEO. They have

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<v Speaker 1>said that they'll work constructively with the board and with management,

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<v Speaker 1>but it really ramps up that pressure for the delivery

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<v Speaker 1>hero CEO as aspects becomes the second largest shareholder.

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<v Speaker 3>Okay, very interesting. Meanwhile, Compass Group pointing investors in a

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<v Speaker 3>positive direction.

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<v Speaker 1>Yes, So they've lifted their voyet outlook after a record

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<v Speaker 1>set of first half results. So the big thing in

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<v Speaker 1>that is that they saw a fourteen percent rise in

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<v Speaker 1>new business wins, so that's to four point one billion

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<v Speaker 1>US dollars. Interestingly, half of that was from what they

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<v Speaker 1>called first time outsourcing, so Compass are saying that.

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<v Speaker 3>Clients are dealing with a lot more so.

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<v Speaker 1>Compass is obviously the catering company, saying that clients are

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<v Speaker 1>dealing with a lot more complexity around things like allergies

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<v Speaker 1>and regulation, so they're bringing on Compass for those catering

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<v Speaker 1>needs that accounted for a lot of that first time

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<v Speaker 1>business Shares rose five percent. It is one of the

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<v Speaker 1>biggest gainers on the foot two hundred this morning and

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<v Speaker 1>list saying you know, this is a solid, encouraging sound

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<v Speaker 1>set of results, so looking good for them and pointing

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<v Speaker 1>to further growth to see. The CEO noted that the

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<v Speaker 1>total addressable market historically has grown around five percent each year,

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<v Speaker 1>so it could reach about six hundred billion US dollars

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<v Speaker 1>by twenty thirty five, so a lot moreroom for expansion there.

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<v Speaker 3>So shares lifting this morning.

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<v Speaker 4>Okay, lots going on at Compass Group. Hopefully things don't

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<v Speaker 4>start moving south anytime soon. But finally Vodaphone are benefiting

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<v Speaker 4>from a success in Africa.

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<v Speaker 3>What's the story there.

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<v Speaker 1>Yeah, so their South African un at voter Com had

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<v Speaker 1>results this morning, issued a four year dividend that beat estimates.

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<v Speaker 3>Profits also climbed.

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<v Speaker 1>They're planning to increase revenue beyond their main mobile market

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<v Speaker 1>telecoms market to other sectors and roll that out across

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<v Speaker 1>the countries that it's present in. So shares rising in

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<v Speaker 1>Johnsburg on the back of that about four percent, adding

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<v Speaker 1>to gains already this year. So that's giving Vodafone a

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<v Speaker 1>bit of a boost. Also one of the biggest risers

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<v Speaker 1>on the foot TEO hundred this morning and it's also

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<v Speaker 1>ahead of Vodafone's own results, so this is obviously the

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<v Speaker 1>entire parent company, and they're reporting first quarter results tomorrow,

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<v Speaker 1>and Bloomberg Intelligence saying that they seem to be on

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<v Speaker 1>a healthier footing. They've been channeling a lot of energy

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<v Speaker 1>into quite a strong pivot, essentially getting rid of a

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<v Speaker 1>lot of assets in various countries across Europe in particular.

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<v Speaker 3>To streamline themselves.

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<v Speaker 1>And they recently bought the rest of Vodaphone three in

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<v Speaker 1>the UK, so that's now the UK's biggest telecoms operator.

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<v Speaker 1>So it's an ongoing turnaround and expected to benefit their

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<v Speaker 1>results tomorrow.

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<v Speaker 2>The Stock Mover's report from Bloomberg Radio. Check back with

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