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Speaker 1: Bloomberg Audio Studios podcasts, radio news.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some of these stocks on

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Speaker 3: the move today in Europe'm Tom McKenzie alongside Caroline Hepka.

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Speaker 3: We're joined now by Bloomberg's Equities reporter Joe easton ab

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Speaker 3: In Bev, the maker of Budweis and Becks, saying that

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Speaker 3: it's small beer at higher prices. The stock is rallying today.

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Speaker 1: Yes, ab In Bev, that stock was one of the

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Speaker 1: best performers in the early trading, rising currently up around

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Speaker 1: three percent, was up around five percent now. The company

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Speaker 1: smashing expectations in the last quarter earnings rising almost eight percent,

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Speaker 1: more than double analysts expected. As you mentioned there, it

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Speaker 1: is looking like the pricing is driving that. So the

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Speaker 1: beer volumes actually down around two percent to drink less

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Speaker 1: bier but paying more for it, and ab and Bev

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Speaker 1: actually toilting. The high end brands doing well at the moment,

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Speaker 1: so I'm having a quick look at their website. So

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Speaker 1: this is mainly Stellar Artois plus a couple of the

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Speaker 1: other craft brands. They've got Shock Top and Goose Island.

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Speaker 1: They describe as their three main premium brands in terms

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Speaker 1: of what described as a pre Yeah, so Stella is

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Speaker 1: a premium brand, Island, I get yeah, Goose Island, Yeah,

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Speaker 1: it's Stella. On the website just it's described as the

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Speaker 1: most sophisticated beer brand in the world. Apparently, sixty five

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Speaker 1: percent of beer drinkers think Stellar Artois is sophisticated.

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Speaker 3: Sixty five percent of beer drinkers don't know what they're

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Speaker 3: talking about.

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Speaker 4: Oh beer, I'm going to get you back on track.

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Speaker 4: I'm grabbing the wheels for this ship. About Musk, the

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Speaker 4: latest trade will victim Apparently.

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Speaker 1: Yes, so Musk. Now this one looking weaker again to

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Speaker 1: this down around one point four percent at the moment.

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Speaker 1: The company downgrading its forecast for global transport due to

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Speaker 1: the macro economicting global unity. So essentially that is talking

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Speaker 1: about trade tariffs coming from the US, predicting a contraction

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Speaker 1: of one percent in terms of the transport market at

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Speaker 1: the low end of the forecast. That is, they were

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Speaker 1: actually previously expecting the market to gain in terms of

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Speaker 1: the size of the market this year. So that is

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Speaker 1: clearly negative the stock already it was down around fifty

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Speaker 1: percent from a high a couple of years ago, and

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Speaker 1: it's down another one point four percent, as I say,

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Speaker 1: so continuing that bad run, the negativity not priced into

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Speaker 1: the shipping market is fine.

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Speaker 3: What is next for drum roll Next?

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Speaker 2: So what is it?

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Speaker 1: Well, yeah, what is what is next for Next? So

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Speaker 1: next for Next is that the stock is doing well again.

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Speaker 1: The stock up today. We're up again around one percent,

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Speaker 1: adding to a rise this year, so I put around

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Speaker 1: twenty eight percent on a three month basis. The company

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Speaker 1: saying that it's full price sales are doing well, so

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Speaker 1: it's not having to do discounts in order to get

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Speaker 1: people to splash out on clothing and homeware according to

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Speaker 1: the company. So decent rise in the earnings and also

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Speaker 1: returning a bit more cash to shareholders. So it's kind

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Speaker 1: of a good indicator on the economy that they're not

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Speaker 1: having to do discounts in order to keep the sales up.

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Speaker 1: So a pretty positive update from Next and that stock

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Speaker 1: is hired today.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,

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