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: Let's take a.
Speaker 4: Look at some of the stocks on the move today
Speaker 4: in Europe. I'm met to you at Adebaya with Stephen Carroll,
Speaker 4: and we're joined by Bloomberg's Breaking News editor Louise Mean Louise,
Speaker 4: Delivery Hero appears for found an activist Villain tell us more.
Speaker 1: Its larger shareholder is selling another steak, and this time
Speaker 1: it's to a company, a Hong Kong based company called
Speaker 1: Aspects Management. So it's a five percent steak that's being
Speaker 1: sold at twenty two euros a share. So Process will
Speaker 1: make about three hundred and thirty five million euros from
Speaker 1: the deal, and it cuts its steak again, so it
Speaker 1: takes its entire holding to about seventeen percent. This is
Speaker 1: in line with its commitments to sell down most of
Speaker 1: Stakes so that it can go ahead with acquiring Just
Speaker 1: Eat Takeaway, which is obviously arrival to Delivery Hero. But
Speaker 1: as you say, that means that Aspects, the Hong Kong
Speaker 1: based company, will increase its stake to about fourteen percent
Speaker 1: become the second larger shareholder. They've been pushing already for
Speaker 1: its CEO to either offload assets or essentially leave the company,
Speaker 1: so it ups the ante on the CEO. They have
Speaker 1: said that they'll work constructively with the board and with management,
Speaker 1: but it really ramps up that pressure for the delivery
Speaker 1: hero CEO as aspects becomes the second largest shareholder.
Speaker 3: Okay, very interesting. Meanwhile, Compass Group pointing investors in a
Speaker 3: positive direction.
Speaker 1: Yes, So they've lifted their voyet outlook after a record
Speaker 1: set of first half results. So the big thing in
Speaker 1: that is that they saw a fourteen percent rise in
Speaker 1: new business wins, so that's to four point one billion
Speaker 1: US dollars. Interestingly, half of that was from what they
Speaker 1: called first time outsourcing, so Compass are saying that.
Speaker 3: Clients are dealing with a lot more so.
Speaker 1: Compass is obviously the catering company, saying that clients are
Speaker 1: dealing with a lot more complexity around things like allergies
Speaker 1: and regulation, so they're bringing on Compass for those catering
Speaker 1: needs that accounted for a lot of that first time
Speaker 1: business Shares rose five percent. It is one of the
Speaker 1: biggest gainers on the foot two hundred this morning and
Speaker 1: list saying you know, this is a solid, encouraging sound
Speaker 1: set of results, so looking good for them and pointing
Speaker 1: to further growth to see. The CEO noted that the
Speaker 1: total addressable market historically has grown around five percent each year,
Speaker 1: so it could reach about six hundred billion US dollars
Speaker 1: by twenty thirty five, so a lot moreroom for expansion there.
Speaker 3: So shares lifting this morning.
Speaker 4: Okay, lots going on at Compass Group. Hopefully things don't
Speaker 4: start moving south anytime soon. But finally Vodaphone are benefiting
Speaker 4: from a success in Africa.
Speaker 3: What's the story there.
Speaker 1: Yeah, so their South African un at voter Com had
Speaker 1: results this morning, issued a four year dividend that beat estimates.
Speaker 3: Profits also climbed.
Speaker 1: They're planning to increase revenue beyond their main mobile market
Speaker 1: telecoms market to other sectors and roll that out across
Speaker 1: the countries that it's present in. So shares rising in
Speaker 1: Johnsburg on the back of that about four percent, adding
Speaker 1: to gains already this year. So that's giving Vodafone a
Speaker 1: bit of a boost. Also one of the biggest risers
Speaker 1: on the foot TEO hundred this morning and it's also
Speaker 1: ahead of Vodafone's own results, so this is obviously the
Speaker 1: entire parent company, and they're reporting first quarter results tomorrow,
Speaker 1: and Bloomberg Intelligence saying that they seem to be on
Speaker 1: a healthier footing. They've been channeling a lot of energy
Speaker 1: into quite a strong pivot, essentially getting rid of a
Speaker 1: lot of assets in various countries across Europe in particular.
Speaker 3: To streamline themselves.
Speaker 1: And they recently bought the rest of Vodaphone three in
Speaker 1: the UK, so that's now the UK's biggest telecoms operator.
Speaker 1: So it's an ongoing turnaround and expected to benefit their
Speaker 1: results tomorrow.
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