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Let's take a look now at some of the stocks on the move today in Europe. I'm Lizzie Burden with Stephen Carroll and were joined by Bloomberg's Breaking News editor Louise Moon. Louise, I want to start with Birbery because it looks like investors are actually convinced by the CEO's turnaround plan. I didn't know if we could have faith in Joshua Shulman when he came over from Coach and Michael course.
Indeed, yeah, I mean, judging by the share price this morning, they're leading the gains on the foot seat one hundred to Birbury shares reacting quite well to what was quite strong third quarter. So sales picked up more than expected, and a lot of that was a big boost from China, So pick up in sales and China growth doubled versus
the last quarter. China's obviously a very crucial market for a lot of luxury companies, and particularly Burbery that they've kind of typically relied on heavy and relied heavily on demand from China. As you say, it's been seen as another sign of a turnaround is taking shape. So the CEO he joined in mid twenty twenty four and he's been taking Berberi back to its basics, back to its core, So trench coats, scarves, tartan, really, you know, doubling down
on the britishness of it. You can see people like Olivia Coleman in their adverts, so taking in the chippy Louise. That's why I was skeptical, Olivia Colman serving. Everyone loves Olivia Coleman, but taking Berberie back to its core, and investors have really been welcoming that, so that the shares rose about thirty percent last year and as I say,
again rising this morning on the back of this. One thing to note is they didn't upgrade anything in terms of looking forward, but one analyst was saying that they don't see that as a negative. You know, Berberi have already said that they want to leave themselves some firepower to invest. So this turnaround taking shape as Berbery goes back trench coats, scarves and tartan.
Well, let's go from fashion to chocolate and a third CEO and five years for Barry, Calibo and Switzerland.
Two of my favorite topics, Steve. Yeah, So Barry had shares up almost five percent. This is one of the world's biggest bulk chocolate makers, as you say, their third CEO in less than five years. So they've appointed Heinz Schumacher, the former boss of UNILEVERA he'll start at the end of January. And the outgoing CEO, a man called Peter Feld,
He's gonna, what they have said, pursue other opportunities. Essentially, this is all coming amid the record cocoa prices volatility that have been that the market's been grappling with, and the outgoing CEO had tried to mitigate this by restructuring the business to prioritize higher margin chocolate making, but still volumes have been falling, falling more than expected. So Aless is saying that trust in his leadership has been eroded for quite a while. Change was not long overdue, it
was needed. So, as I say, shares up this morning, recovering from a decade low that was hit last year, although if you look back more historically, they're still way off a peak that was hitting twenty twenty one. So Schumack it's got a big task ahead. He was pushed out of Unilever last year. The board wasn't satisfied with the restructuring that he was trying to put in place there. But he's been in the consumer industry for a long time. He's got a lot of experience, he's got a lot
of relationships, particularly with some key customers for Barry. Calavo and so Anlysta are welcoming this that they're welcoming this new CEO and some hope for some change there.
And Louie's a slide for Dunner and tell us more.
Yes, dan and fell as much as twelve percent this morning, and then they did trim some declines after that, but a big fall in early trading. Traders appointing to There's been some commentary around an announcement by the Singapore Food Agency. This actually came earlier this week, but it seems that the connection with dan On is only really being made now.
And essentially the Singaple Food Agency recalled some more infant formula products and one of those products that will be impacted by that is one of dune On's so that's one thing that's weighing on the stock. Another thing is Bank of America also reiterated the underperform rating for the company. They're citing a different factor. They're siting a drop in China's birth rate. So obviously the decline in burse will exempt exacerbate stress on the market, on the milk formula market.
So if you look at analyst ratings, they've now got eleven buys, ten and five cells, so at the top. Quite a tie. So falling on.
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