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Let's take a look at some stocks on the move today in Europe. I'm rach Evans with Carolyn Hepcat and we're joined by Bloomberg's Tiwa ated Bio to you, Tiva. Thank you very much for joining us, and let's start by talking about groceries where we've got some moves for Acado this morning. Are there shares delivering well?
That seems to be the case so far. They're up as much as fourteen percent, just over fourteen percent at the moment. That is the most they've been up this year. And it's coming off the back of an announcement of a new partnership with Asda. So they've said today that they're going to be working with Asda to help develop their online business across the UK and that's using the
Acado Smart platform. The focus is going to be to quickly replace and upgrade Asda's existing e commerce infrastructure using Akado's solutions. It's going to be rolled out starting in
twenty twenty seven. Now, as to handles more than seven hundred thousand online orders a week in the UK, so this could be potentially quite lucrative for Acado, and analysts are reacting well to this peel hunt, predicting that it will be taken well by investors because it's a new deal for Ocado after a long gap, so it shows that clients still value Acardo's technology despite recent negative sentiment.
And it's in the UK, which is a market that ACRDO hasn't been able to expand in significantly as of late. Should mention as well that in terms of the grocery sector, ACRDO is bucking a trend today, so Tesco's, Sainsbury's and Marks and Spencer all seeing their shares dip slightly, So certainly a positive assessment of this new deal, this new announcement today from Acado.
Yeah, it's interesting, isn't it. They were under pressure to deliver more so this has been quite interesting to see that happen. What about CTS eventum, I've been to the Aventum Apollo, which is one venue in London that they run. What's been driving gains for this business?
Well, that's funny.
You should mention the event Caroline because it's all about live events that is what's driving the games. Their shares are up thirteen percent, the most since November twenty twenty. That's after they've reported a first quarter sales and Ebert DAHR that both beat consensus estimates and crucially adjusted ebit dah for that live entertainment segment has surged by one hundred and fifty percent, and that is due to tours
and at popular events, particularly in Germany. They've also seen better than expected revenues and Ebert daar as constructive signals on underlying momentum going into the full year. That's according to a JP Morgan analyst. Management also retaining a positive tone on trading into the summer, the summer festival and events and concert season. They see scope to revisit the guidance later this year. So a positive morning for eventum and perhaps more positivity to come later this year. Well.
Talking of positivity, it seems that travel stocks are also having a good morning. How's the likes of Lftansa doing and why so?
Lift Hansa is up just under three percent this morning. It's alongside another travel stock, two E that's up three point seven percent as well. This is coming as Europe's long haul flight capacity really hangs in the balance due to the fallout from the Iran War. We've seen travel stocks react to the conflict in the Middle East and
the latest developments there over the last few weeks. Of course, the straight up all moods is still closed, but the needs of this latest tentative agreement to extend the ceasefire by sixty days perhaps lifting travel stocks today. There's also a Bloomberg Intelligence report out suggesting that lift HANSA in particular is being disciplined about cutting its schedules to protect yields, even though capacity trends versus twenty nineteen levels actually lagging peers.
We do know how close the travel stocks have been following oil prices as well during this conflict too, so airlines definitely want to watch as we go into that summer travel season and perhaps we get closer to a deal between the US and A're onto.
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