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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 mid Day and Europe. I'm James Wilcock with Caroline Hepker, and we are joined by Bloomberg reporter Chloine Melee Cloy. Let's start with fashion topic, clothes of both of our hearts. The well known brand Hugo Boss is in the spotlight today. Tell us more.
Yeah, so there's a bit of takeover interest in Hugo Boss. So Frasers, which owns brands like Sports Direct, house a Fraser Jack Wills already has a stake of about twenty six percent in Hugo Boss and has essentially offered to buy the rest of it. And so this is an unsolicited offer, and Hugo Boss has said that it would review it. But and List seem to be saying that
this is actually quite unlikely to actually happen. This deal so JP Morgan and List said the offer was not particularly attractive, and Bloomberg Attendents and List said that the move was opportunistic and probably will not be accepted by shareholders because of the very small premium, so we're talking about a four percent premium on the closing price. It's also not just a matter of money. It's really unclear how Frasers would be able to actually help Yugo Boss
with its ongoing turnaround. But overall it's not surprising that Frasers is doing this. It has a reputation for taking stakes in retailers and trying to influence bought decisions and the direction that the company is taking. Has done that with Booho for example, but with Yugo Boss it's actually very unlikely that we'll see, at least at this price, a deal actually happening. But in the meantime, Hugo Boss shares have seen a bit of a boost on the back of that.
Yeah, it's been really interesting journey for Phrasers Group as it has hoovered up, you know, names on the UK high street and sort of is quite a dominant player now in terms of director consumer sales. I mean yes in the sports where, but how they've expanded that into luxury. I think it's a really sort of interesting UK high street story. I mean, Britain's had a lot of individual kind of retail leaders in terms of building retail empires
based on one person or one family. Anyway, let's think about Standard Charter what's the story there.
Yeah, so the stand Chartered had seed some weakness recently because there's been growing concerns around Chinese authorities looking to restrict flows and wealth flows from mainland China into Hong Kong. And so this is something that would affect banks like Standard Chartering in HSBC because they have this big presence
in Asia and in China in particular. So under the new regulation that's being proposed, new investment accounts from mainland Chinese clients would go into deposit accounts rather than some more lucrative investment products. And so this is something that could potentially affect earnings for HSBC and Standard Chartered. And it was really seen as a reminder that the wealth
opportunity in China does have some limitations. But today we had JP Morgan analysts actually saying that the sell off now creates a compelling entry point for those shares that we're seeing that stock rebound on the back of that, but we're probably going to see investors remain quite cautious on those banks until we get a bit more clarity on that regulation.
And finally, glory tech firm Halma announcing its latest set of earnings this morning. How we're investors taking it?
Yeah, So Hama a slightly niche name. So it's essentially a group of companies that make what they call life saving technologies. So what that means is things like hazard detectors, building sensors, air quality monitors, etc. So it's a company that has been doing really well recently. We've seen shares really steadily climbing up until today where we've seen quite a big drop. And so the issue seems to be quite cautious guidance in one area of the business, which
is the photonics business. So photonics being the optical version
of electronics about the generation manipulation of light. And that photonics business has had been a really bright spot for quite a while now because it essentially supplies data center customers and they because they need things like high speed optical infrastructure for air applications, and so of course, any indication of a potential slowdown in something that is related to AI to data centers, that's usually taken quite negatively.
And so this slightly conservative guidance has been reacted to in that way for Holmer, but Morgan Stanley Aliss did say that it could be just quite a conservative guidance and could be actually boosted throughout the year.
So we'll see 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.