1
00:00:02,520 --> 00:00:08,720
Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.

2
00:00:08,720 --> 00:00:12,560
Speaker 2: Stock Movers Report, your roundup of companies making moves in

3
00:00:12,600 --> 00:00:15,880
Speaker 2: the stock market, harnessing the power of Bloomberg Data.

4
00:00:16,480 --> 00:00:17,880
Speaker 3: Now let's take a look at some of the stocks

5
00:00:17,880 --> 00:00:19,759
Speaker 3: on the move today in Europe. I'm Lizzie Birding with

6
00:00:19,800 --> 00:00:22,800
Speaker 3: Stephen Carroll and we're joined by Bloomberg's Breaking News editor

7
00:00:23,120 --> 00:00:23,800
Speaker 3: Louise Moon.

8
00:00:23,960 --> 00:00:25,320
Speaker 4: Do we want to start with Daggio?

9
00:00:25,440 --> 00:00:28,240
Speaker 3: Their top team might want to have one of their

10
00:00:28,280 --> 00:00:30,640
Speaker 3: own stiff drinks after this set of numbers.

11
00:00:30,840 --> 00:00:35,240
Speaker 1: Indeed, yes, So the focus is really on ahead, what's next?

12
00:00:35,240 --> 00:00:37,560
Speaker 1: So do Ido have cut guidance for the second time

13
00:00:37,760 --> 00:00:38,600
Speaker 1: this fiscal year.

14
00:00:38,840 --> 00:00:40,240
Speaker 4: They also cut their dividend.

15
00:00:40,640 --> 00:00:43,559
Speaker 1: That's to shore up their own balance sheet, and it's

16
00:00:43,640 --> 00:00:47,000
Speaker 1: not being taken too well by market. So Chares slumped,

17
00:00:47,000 --> 00:00:48,600
Speaker 1: they're the biggest well, they are the biggest fallow on

18
00:00:48,600 --> 00:00:50,879
Speaker 1: the foot Sea hundred at the moment, extending losses over

19
00:00:50,920 --> 00:00:55,520
Speaker 1: the past year, so not being taken too well. Essentially,

20
00:00:55,520 --> 00:00:59,840
Speaker 1: this is all Dadio continuing to grapple with ongoing challenges

21
00:01:00,160 --> 00:01:02,440
Speaker 1: been facing for a while. So that's you know, changing

22
00:01:02,560 --> 00:01:06,960
Speaker 1: and waning demand for alcohol, particularly a slump in China tariffs,

23
00:01:07,240 --> 00:01:10,640
Speaker 1: increased competition, so they're facing a lot of headwinds. And

24
00:01:10,880 --> 00:01:13,440
Speaker 1: while a reset kind of wasn't expected today, it kind

25
00:01:13,440 --> 00:01:19,720
Speaker 1: of laid bare the scale of the challenge of a recovery. Obviously,

26
00:01:19,760 --> 00:01:21,440
Speaker 1: they had a new CEO who came in at the

27
00:01:21,480 --> 00:01:26,119
Speaker 1: beginning of January, Dave Lewis. He's known his nickname Drastic Dave.

28
00:01:26,360 --> 00:01:28,840
Speaker 1: He's known for his turnarounds at Tesco and a Unilever,

29
00:01:29,040 --> 00:01:32,400
Speaker 1: so quite a lot of expectation there as to what

30
00:01:32,480 --> 00:01:36,880
Speaker 1: he will do. He said on various calls with reporters.

31
00:01:36,560 --> 00:01:40,160
Speaker 1: He said that the dividend cut was hard but necessary.

32
00:01:40,760 --> 00:01:44,039
Speaker 1: He's working on an updated strategy, so that will come later.

33
00:01:44,400 --> 00:01:47,560
Speaker 1: He's pledged to act, in his words, more decisively to

34
00:01:47,640 --> 00:01:50,800
Speaker 1: boost both d IGO's competitiveness and also broadness portfolio out

35
00:01:51,240 --> 00:01:53,160
Speaker 1: and he said that there will be some disposals.

36
00:01:53,800 --> 00:01:55,840
Speaker 4: THEO has already been cutting some units.

37
00:01:55,880 --> 00:01:58,320
Speaker 1: He said that there will be some disposals when needed,

38
00:01:58,640 --> 00:02:00,880
Speaker 1: but they won't do that cheaply. They won't do that

39
00:02:00,880 --> 00:02:04,360
Speaker 1: on the cheap And he sees, you know, more opportunity

40
00:02:04,360 --> 00:02:07,520
Speaker 1: and more what he calls mass market drinks, so's there's

41
00:02:07,520 --> 00:02:09,760
Speaker 1: a potentially a lot of change coming and that's what's

42
00:02:10,040 --> 00:02:14,120
Speaker 1: really what people are really waiting for, what he's going

43
00:02:14,160 --> 00:02:17,280
Speaker 1: to implement as given his past. But what's really been

44
00:02:17,320 --> 00:02:19,519
Speaker 1: focused on this morning is that cut to guidance, send

45
00:02:19,520 --> 00:02:20,600
Speaker 1: that cut to the dividend.

46
00:02:21,639 --> 00:02:24,560
Speaker 4: Okay, so that's on Diagio though, shows down five point

47
00:02:24,560 --> 00:02:25,399
Speaker 4: eight percent of the moment.

48
00:02:25,480 --> 00:02:29,000
Speaker 1: Let's go to Santander next and their owningxide this morning

49
00:02:29,000 --> 00:02:34,760
Speaker 1: as well. Yeah, so big numbers from Santa DA this morning.

50
00:02:35,120 --> 00:02:38,120
Speaker 1: They have vowed to grow their net income to more

51
00:02:38,160 --> 00:02:41,600
Speaker 1: than twenty billion euros in twenty twenty eight. So alys

52
00:02:41,720 --> 00:02:46,280
Speaker 1: forecast had been for just under nineteen billion, so a

53
00:02:46,320 --> 00:02:49,000
Speaker 1: big well quite a bit bigger than that, you know,

54
00:02:49,040 --> 00:02:51,040
Speaker 1: one more billion, just over one more billion, bigger than that.

55
00:02:51,240 --> 00:02:53,960
Speaker 1: Then income last year, for a bit of context in comparison,

56
00:02:54,320 --> 00:02:56,840
Speaker 1: was already at a record that was about fourteen billion,

57
00:02:56,919 --> 00:03:02,760
Speaker 1: so really a pusher head for their financial targets going forward.

58
00:03:03,120 --> 00:03:06,880
Speaker 1: Profitability has already surged over the past few years, partly

59
00:03:06,960 --> 00:03:09,120
Speaker 1: due to higher interest rates and you know, the shares

60
00:03:09,160 --> 00:03:11,040
Speaker 1: more than doublin trying to twenty fives that are already

61
00:03:11,040 --> 00:03:14,240
Speaker 1: doing well, but boosting those financial goals and this all

62
00:03:14,760 --> 00:03:17,760
Speaker 1: essentially follows their buy out of a US lenders that's

63
00:03:17,840 --> 00:03:23,760
Speaker 1: Webster Financial Corporation, that was the largest takeover of US

64
00:03:23,800 --> 00:03:27,560
Speaker 1: bank by a continent or European bank. Obviously increases their

65
00:03:27,560 --> 00:03:29,520
Speaker 1: customer base and on the back of that, they're really

66
00:03:29,560 --> 00:03:33,000
Speaker 1: boosting those financial targets. So shares in Santander rising in

67
00:03:33,200 --> 00:03:34,079
Speaker 1: Spain this morning.

68
00:03:34,360 --> 00:03:36,480
Speaker 3: No, Laois, I'm sure we all fantasize about how much

69
00:03:36,520 --> 00:03:39,640
Speaker 3: our colleagues are going to cry when we leave a job.

70
00:03:39,760 --> 00:03:41,120
Speaker 3: Not that any of us are planning to do that

71
00:03:41,200 --> 00:03:44,000
Speaker 3: anytime soon, but the CEO of train Line seems to

72
00:03:44,480 --> 00:03:45,880
Speaker 3: have made the market cry.

73
00:03:46,520 --> 00:03:48,920
Speaker 4: Shareholders are crying, so.

74
00:03:48,920 --> 00:03:52,560
Speaker 1: Going the Yeah, Shares fell over eight percent this morning

75
00:03:52,960 --> 00:03:55,640
Speaker 1: for train Line, which is obviously the ticketing app in

76
00:03:55,680 --> 00:03:59,640
Speaker 1: the UK, so that was of their CEO.

77
00:04:00,080 --> 00:04:02,560
Speaker 4: Jody Ford said that he plans to step down.

78
00:04:02,600 --> 00:04:05,040
Speaker 1: He's been in the role for about five years, so

79
00:04:05,080 --> 00:04:08,800
Speaker 1: a search for successor is in place, and as I say,

80
00:04:08,840 --> 00:04:10,800
Speaker 1: shares falling on that news so not being taken away

81
00:04:10,800 --> 00:04:13,000
Speaker 1: by the market. They hit the lowest level since March

82
00:04:13,080 --> 00:04:17,360
Speaker 1: twenty twenty to this morning, so under him, train Line

83
00:04:17,440 --> 00:04:18,839
Speaker 1: essentially has been doing well.

84
00:04:18,920 --> 00:04:21,520
Speaker 4: Ticket sales roughly doubled in the UK.

85
00:04:21,880 --> 00:04:24,600
Speaker 1: The international business is also doing well, the enter neew markets,

86
00:04:24,640 --> 00:04:29,080
Speaker 1: so places like France, Spain, Italy, So yeah, not being

87
00:04:29,120 --> 00:04:32,480
Speaker 1: taken well. JP Morgan's saying it's untimely. They say that

88
00:04:32,680 --> 00:04:35,360
Speaker 1: train line is facing quite a challenging chapter ahead. There's

89
00:04:35,560 --> 00:04:38,320
Speaker 1: you know, nationalization potentially of the market in the UK.

90
00:04:38,400 --> 00:04:43,200
Speaker 1: There's more competition, there's AI. So despite them reconfirming their guidance,

91
00:04:43,200 --> 00:04:46,359
Speaker 1: that wasn't quite enough to distract from the CEO change,

92
00:04:46,360 --> 00:04:47,080
Speaker 1: so shares falling.

93
00:04:48,279 --> 00:04:52,280
Speaker 2: The stock movers report from Bloomberg Radio. Check back with

94
00:04:52,360 --> 00:04:54,960
Speaker 2: us throughout the day for the latest roundup of companies

95
00:04:55,040 --> 00:04:58,120
Speaker 2: making news on Wall Street and for the latest market

96
00:04:58,160 --> 00:05:02,000
Speaker 2: moving headlines. Listen to bloom Berg Radio Live, catch us

97
00:05:02,000 --> 00:05:05,760
Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android

98
00:05:05,800 --> 00:05:07,760
Speaker 2: Auto with the Bloomberg Business App.