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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Let's take a look at some of the stocks on the move today in Europe. I'm Rich Levans with Stephen Carroll and we're joined by our reporter tiwa Adabio. Let's start with Brunello Cucinelli. That the luxury stock has gained as much as six point six percent following some robust earnings. What's the latest move.
Yeah, it's a good day for Brunello Cucinelli. Shares moving up this morning, and they're moving on the announcement of their first quarter results. So they've said they're boasting strong earnings. It's thanks to strong retail sales. But in particular, analysts are calling out the firm's strong performance relative to their peers. So it hasn't been the easiest time for the luxury sector. Some firms of face supply chain disruption, sales disruption due
to the war in the Middle East. Of Jeffres have called this trading update impressive, and actually they've noted that there's growth outside of the Middle East, which has made up for the impact from the conflict in the region which dented March sales. Others at Morgan Stanley, for example, highlighting a very strong January for the company, and Brunello
are optimistic looking quite far ahead. Actually, they said their strong belief in their business model means they're forecasting revenue growth of around ten percent for twenty twenty seven, so investors certainly quite convinced by their case.
This morning a tantalizing glimpse into what we're going to be learning from earning season as well as things heat up from next week to let's go to the catering company Sedexo next a different story from then. Those shares den sharply currently down thirteen percent in Paris.
Yeah, almost the opposite for Sedecta. They're leading losses on the stock six hundred this morning. Like Brunello, this is a result story, but is very much moving in the opposite direction. So Sedexo issued weaker than expected guidance for organic revenue growth and underlying operating margin. They're also blaming the uncertain external environments, so geopolitical tensions and war, and the war did come at a tricky time anyway for
the firm. They had just appointed a new CEO in October, but actually some of the analysts commentary about that this morning, noting that many had actually feared that that new CEO's arrival would be accompanied by a sharp drop in earnings. That seems to have materialized and some investors don't have a great deal of confidence in this new leader as seems, but attention will shift onto whether or not he can
get the company back on track. All eyes at the moment are on the capital market state, which are scheduled for July sixteenth, Say a mark that in your calendars.
Doing that right now. And finally, we've seen some gains for Italian digital services firm. Reply, what's been going on there?
Yes? Reply, also leading gains for the stock six hundred This morning it's up as much as eight percent. Shares have gained the most in about a year, So significant move there is coming really after they announced Amega five hundred and fifty million share buy back, which one analyst says is the first substantial buyback for the company, so
perhaps quite an important milestone here. But the thinking here is that this move will allow better use of cash, but also it does show quite a vote of confidence from the management team. And that's even though replies valuation is actually sitting out of record low at the moment. Should mention that despite today's jump, the company is still down twenty six percent year to date, but perhaps some more positive news in the future of reply.
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