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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 here in Europe. I'm Caroline Hepkar with Lizzie Burdon, and we're joined by Blomberg reporter clom Mala. Good morning, Chloe. Delivery Hero appearing to have found an activist villain.
Yeah, indeed, so Process has sold a five percent stake in Delivery Hero to Aspects Management, which is an activist investor that's been really trying to get Delivery Hero to offload some assets. So the estate cell increases Aspects holding to about fourteen percent. So that's quite a big stake, and that means a lot of pressure piling on the CEO, given the Aspects as previously campaigned to have him removed unless he goes ahead and sells units to try and
boost performance. So Delivery Hero shares have not been doing very well for a while now. They've never really recovered from the heights that they managed to reach during the pandemic, when, of course a lot of people were ordering things at home. There's also a company that operates in a lot of countries, but sixty five countries, and so Aspects is trying to get it to get rid of some of those local
units and trying to streamline some of those operations. So shares have been on a very steady downward trajectory as I was saying. But the news of this stake cell, which means likely there will see more asset disposals, that's really boosting the stock this morning.
When we look to energy this morningployee, it's one of the better performing sectors. Is that just because of the oil price or other particular idiosyncratic moves here?
Yeah, there's a couple of things happening for BP in particular, so doing pretty well for a couple of reasons. As you mentioned, there's a sector wide move with all of those oil majors up today because oil prices are up after jumping around rejected each other's peace proposals. That makes the ceasefire now look even more fragile than it did before.
And we also had the CEO of Aramco as saying that the market could only begin to normalize in twenty twenty seven, so next year, if shipping through the stray of horn moves remains curtailed for more than a few
weeks from now. And then there's also a company specific thing happening with BP, where OURBC analysts have upgraded the company as saying that the current commodity price environment that we have now actually creates a really good opportunity for BP to de leverage and restore its financial health and financial stability. So that's quite a big vote of confidence for BP, given that it's in the middle of this really big turnaround.
Okay, so that on BP obviously subject to all of the oil price moves that we've seen recently, including today what Brank Food trading around one hundred and four hundred and five dollars about lastly, let's think about Compass, pointing investors in a positive diffection.
Yeah, so Compass is a catering company is doing very, really well. So it's raised this profit guidance this morning, and that is after it's first half results actually hit a record. So that was driven by increased demand for outsourced catering and cleaning services across a range of industries. So profit actually tripled from twenty twenty one to twenty twenty five, and there's even more growth ahead for the companies.
There's a real momentum in outsourcing for offices, bars, restaurants, cafes, et cetera. And the CEO said that was because companies were facing increasing complexity like food regulations, like allergens as well, and they also really wanted data led insights, and so that means that lends itself really well to outsourcing some
services rather than doing it on your own. And there had been some concern that perhaps we'd see some impacts from you know, a lot of layoffs and AI displacement, et cetera, in terms of demand from offices, but it seems that really hasn't been the case, and so Compass is doing really really well with very strong performance, and that's really driving the shares as well.
This morning the Stock Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.