1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,280 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:18,120 Speaker 3: Let's look at some of the stocks on the move 5 00:00:18,120 --> 00:00:20,680 Speaker 3: today here in your f I'm Caroline Hepkar with Tom McKenzie. 6 00:00:20,680 --> 00:00:24,040 Speaker 3: We're joined by Bloomberg reporter Chloe Malay. I sent a 7 00:00:24,079 --> 00:00:27,920 Speaker 3: theme to today's stock Movers which is board games. BP and 8 00:00:28,000 --> 00:00:30,760 Speaker 3: housing a major shake up with a new CEO. How 9 00:00:30,760 --> 00:00:33,120 Speaker 3: are traders taking it? Well? 10 00:00:33,200 --> 00:00:35,559 Speaker 1: Not that well, So the shares did go up this 11 00:00:35,680 --> 00:00:37,919 Speaker 1: morning and then paed back some of those games. So 12 00:00:38,360 --> 00:00:41,240 Speaker 1: BP has appointed a CEO who comes with two first releases. 13 00:00:41,320 --> 00:00:44,000 Speaker 1: She's the first female CEO of a big oil company 14 00:00:44,159 --> 00:00:46,720 Speaker 1: and also the first time that BP has appointed an 15 00:00:46,720 --> 00:00:51,440 Speaker 1: outsider as CEO. So Meg O'Neil joins from Australian energy 16 00:00:51,479 --> 00:00:54,800 Speaker 1: company Woodside, and she has now a really big task 17 00:00:54,840 --> 00:00:57,400 Speaker 1: out of her, which is reviving the fortunes of BP 18 00:00:57,600 --> 00:01:01,000 Speaker 1: after quite a few years of under performance and lagging 19 00:01:01,000 --> 00:01:04,600 Speaker 1: behind its rivals. She also has to deliver on a 20 00:01:04,640 --> 00:01:08,520 Speaker 1: big strategic return to oil and gas and away from 21 00:01:08,600 --> 00:01:10,880 Speaker 1: the bet on renewables that BP had made and that 22 00:01:10,920 --> 00:01:14,000 Speaker 1: did not pay off. So some analysts had actually expected 23 00:01:14,240 --> 00:01:16,800 Speaker 1: the appointment to be received quite well by the markets 24 00:01:16,880 --> 00:01:19,000 Speaker 1: and have been saying that there was and there was 25 00:01:19,040 --> 00:01:22,600 Speaker 1: appetite for a more aggressive approach, and that the track 26 00:01:22,680 --> 00:01:25,960 Speaker 1: record that O'Neill had at Woodside of really aggressive moves 27 00:01:26,000 --> 00:01:29,520 Speaker 1: and a really strong execution that actually positioned. 28 00:01:29,040 --> 00:01:29,920 Speaker 3: Her quite well. 29 00:01:30,319 --> 00:01:33,160 Speaker 1: She's also someone who has had faith in fossil fuels 30 00:01:33,200 --> 00:01:36,200 Speaker 1: forever and a really particular belief in natural gas and 31 00:01:36,240 --> 00:01:40,760 Speaker 1: liquefied natural gas. So that appointment really symbolizes that completely 32 00:01:40,760 --> 00:01:43,320 Speaker 1: reverse all away from green energy and that commitment from BP. 33 00:01:43,560 --> 00:01:47,040 Speaker 1: But despite that kind of strategic alignment, the Chez did 34 00:01:47,080 --> 00:01:49,520 Speaker 1: go down. So perhaps it's because of how sudden of 35 00:01:49,520 --> 00:01:51,800 Speaker 1: a management shakeup we've got from BP. 36 00:01:52,440 --> 00:01:55,360 Speaker 3: What's happening with the so from oil to the gaming space, 37 00:01:55,400 --> 00:01:56,080 Speaker 3: that's quite the pivot. 38 00:01:56,120 --> 00:01:59,040 Speaker 1: What's happening with the gaming company evolution? Meanwhile, Chloe, well, 39 00:01:59,080 --> 00:02:01,360 Speaker 1: it's a company that does have a great twenty twenty 40 00:02:01,440 --> 00:02:04,040 Speaker 1: six ahead of it, according to to Barclays. So it 41 00:02:04,080 --> 00:02:07,200 Speaker 1: was double downgraded all the way from overweight to underweight 42 00:02:07,280 --> 00:02:11,520 Speaker 1: rating by Barclay's analysts because of continued pressure on the 43 00:02:11,560 --> 00:02:14,320 Speaker 1: earnings for Evolutions, So they said that a recovery in 44 00:02:14,400 --> 00:02:17,800 Speaker 1: Asia would take longer than expect, would be tougher than expected, 45 00:02:17,840 --> 00:02:20,440 Speaker 1: and that is after that region was already a big 46 00:02:20,520 --> 00:02:23,240 Speaker 1: drag on growth this year and a lot of that 47 00:02:23,360 --> 00:02:25,360 Speaker 1: had to do with a lot of cyber attacks on 48 00:02:25,480 --> 00:02:28,680 Speaker 1: its live casino streams in Asia, so that had really 49 00:02:28,720 --> 00:02:32,520 Speaker 1: held back the earnings for Evolution. There's also underperformance in 50 00:02:32,560 --> 00:02:35,320 Speaker 1: North America, so all around it looks like for Evolution 51 00:02:35,400 --> 00:02:38,680 Speaker 1: it's quite a difficult market for gambling companies. There's also 52 00:02:38,760 --> 00:02:41,480 Speaker 1: always the threat of regulatory risks that has to be 53 00:02:41,520 --> 00:02:44,000 Speaker 1: taken into account. And just a few days ago, just 54 00:02:44,080 --> 00:02:47,360 Speaker 1: last week, it was also downgraded by City Analysts this 55 00:02:47,440 --> 00:02:49,880 Speaker 1: time and the analyst saying that there was a real 56 00:02:49,960 --> 00:02:52,800 Speaker 1: lack of visibility around the earnings and that there was 57 00:02:52,919 --> 00:02:56,520 Speaker 1: no clear solution yet on this issue of cyber attacks 58 00:02:56,520 --> 00:02:59,359 Speaker 1: in Asia. So right now it doesn't look too good 59 00:02:59,400 --> 00:03:02,320 Speaker 1: for Evolution, and it has about seven cells on the 60 00:03:02,360 --> 00:03:04,920 Speaker 1: stocks and just four buys, so it doesn't seem to 61 00:03:04,960 --> 00:03:07,160 Speaker 1: be much of an analyst Darling, I don't think. 62 00:03:07,520 --> 00:03:12,800 Speaker 3: Okay, So that on Evolution and the electronics retailer Curries 63 00:03:13,080 --> 00:03:16,240 Speaker 3: is the last stock we're looking at. What sparked your 64 00:03:16,240 --> 00:03:17,000 Speaker 3: interest there. 65 00:03:17,280 --> 00:03:19,920 Speaker 1: Well, it was the shares rising massively, so therese about 66 00:03:19,919 --> 00:03:23,000 Speaker 1: fifteen percent this morning because of very good earnings for Curries, 67 00:03:23,040 --> 00:03:26,120 Speaker 1: and the region that was really driving there is actually 68 00:03:26,160 --> 00:03:29,400 Speaker 1: the Nordics, so the profit beat was driven primarily by 69 00:03:29,440 --> 00:03:33,040 Speaker 1: that region, and the UK, which is the other big market, 70 00:03:33,120 --> 00:03:35,600 Speaker 1: is actually a little bit softer at the margin there 71 00:03:35,640 --> 00:03:38,400 Speaker 1: for UK and Ireland did actually get worse because of 72 00:03:38,480 --> 00:03:41,240 Speaker 1: higher staffing costs, so of course we had wage inflation 73 00:03:41,320 --> 00:03:44,640 Speaker 1: and then those changes to National insurance and there that's 74 00:03:44,680 --> 00:03:47,400 Speaker 1: really weighed a little bit on that margin for that 75 00:03:47,600 --> 00:03:49,920 Speaker 1: UK business. So let's see if Curries is kind of 76 00:03:50,000 --> 00:03:53,160 Speaker 1: able to mitigate those challenges in the UK and continue 77 00:03:53,160 --> 00:03:56,240 Speaker 1: that momentum in the Nordics, if it wants to maintain 78 00:03:56,280 --> 00:03:59,040 Speaker 1: what's been really good share price performance lately. We're up 79 00:03:59,040 --> 00:04:01,120 Speaker 1: about forty five percent you today, so let's see if 80 00:04:01,160 --> 00:04:01,720 Speaker 1: it continues. 81 00:04:02,840 --> 00:04:07,080 Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us 82 00:04:07,080 --> 00:04:09,920 Speaker 2: throughout the day for the latest roundup of companies making 83 00:04:09,960 --> 00:04:13,600 Speaker 2: news on Wall Street and for the latest market moving headlines. 84 00:04:13,800 --> 00:04:17,799 Speaker 2: Listen to Bloomberg Radio Live. 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