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Let's take a look at some stocks on the move today in Europe. I'm Stephen Carroll and we're joined by Bloomberg's Breaking These editor Louise Moon. Louise, good morning. Let's start with Volvo Cars. Then, pretty impressive jump in their shares currently up thirty five percent. What's going on?
Indeed, you're absolutely soaring this morning in Stockholm where they're listed. So they had their third quarter earnings and essentially best than expected profit. But what it really indicates is that they're benefiting from fast and expected cost savings. The CEO has been ongoing a wide restructuring and this is really starting to make an impact with pushing to rebuild profits,
cutting thousands of jobs as a result of that. And analysts is saying it's a clear inflection point, a clear inflection point, and it singles out Volvocars from its competitors. Good news and move forward and analyster noting you know now that there seems to be an inflection point. The focus now will be on momentum, pricing pressure, supply chain development to continuing that push forward as I say, as you say, shares really soaring this morning.
And shares it moving in a dramatic way in the other direction. Dasso system and France dropping by the most since two thousand and two, now down almost seventeen percent in Paris.
Indeed trading at their lower since April twenty twenty. They lowered their full year revenue forecast. This is on the back of Anlysser noting third quarter growth trends are weakening. You know, one of the key problems here is is that they're struggling really with the migration to subscriptions. This is obviously that their software firm. There was a bigger guidance cut than was expected, so it's essentially kind of
raising concerns about growth. Alys also noting that, you know, the stock is at a valuation discount to Peers, and they're also on top of that kind of delivering blow average growth, So they're saying that they need better financial messaging and improvements in the execution to close that gap with Peers. So disappointing guidance cut there.
Okay, and we're coming back to the UK for our last chair that you've been watching, Louise, and this is another big gainer up eleven percent. Rental Kill.
Yes, the pest control firm which I always like to talk about Cherry exactly slightly different, but it's actually it's a blue tip in London. It's leading the Footsie one hundred this morning, so huge gains. As you say, this is on the back of their third course of results. They had better than expected revenue driven by their US business and the rest of their business you know globally also came in quite well. It was quite quite solid
earnings from them. Quite a shot in the arm really that their stock hasn't really gained much at all this year, and that follows on from three straight years of declines in their stock. So a shot on the arm this morning with those gains singling. You know, they're getting back on track. They're in the right direction. They maintain their full ye outlook. So a glimmer of light for the past control firm rent to cover.
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