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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 look at some of the stocks on the

move today here in Europe. I'm Caroline

Hkut with Lizzie Burton and we're joined

by our reporter Chloe Malay. Good

morning.

>> Good morning. So, Rishmore, the results

out today. How are investors reacting?

>> Well, Rishmore really confirmed its

status this morning as a as a standout

performer in in that luxury sector. So,

sales came in better than expected and

and that was driven in particular by

very good demand for Cartier jewelry.

And so the reason why Rishim Mo is doing

that much better than its peers is is

because of that focus on jewelry because

it's often seen as a better investment

than you know expensive clothes or

expensive bags. And so when people

really want to splash out then they tend

to do it more with maybe a nice

necklace, nice bracelet and so that

places Rishmore in quite a sharp

contrast with what we've heard from

other luxury players. So LVMH Caring

etc. All of those companies have had a

tougher time lately, especially with the

war in the Middle East really hitting

those cells. And so the assumption now

among investors, among analysts, is that

the luxury rebound that was hoped for

this year might actually be delayed a

little bit further. Um is exposed to the

Middle East. It gets about 9% of its

revenue from the Middle East and Africa

and sales did start to slip uh in the

last quarter in this region, but the

chairman said that it's not going to

make or break our balance sheet. So, it

seems to be pretty resilient and so that

explains a big um big jump in the shares

this morning.

>> And Chloe, no deal for pooch pig. We're

debating how to pronounce it in the

radio studio, but talk us through how

the recent news has affected the share

price.

>> Yeah, I think it's pooch because it's

Catalan, isn't it? So there's a huge

drop for that company as you mentioned

because of its merger talks with Estel

which have been going on since March

have collapsed and the deal apparently

fell apart uh because of the make a part

Charlotte Tilbury's uh demands regarding

her compensation in that deal. So that

was a really major sticking point uh

because Tilbury sold her brand to Pooch

in 2020 but still holds a minority uh

stake. But apart from that, some

analysts had already expressed some

skepticism about whether that deal would

actually end up happening. Um saying

that it might be difficult for Esau to

integrate more brands at this current

time because it's currently managing a

turnaround of its own as well. Um but

the deal would have created one of the

largest uh perfume and skincare

companies in the world. It would have

been able to compete with a giant like

L'Oreal for example. So it is

understandable that is quite a bit of

disappointment from investors this

morning and that explains what we've

seen uh the shares for pooch fall the

most since uh their IPO in 2024.

>> Yeah. Okay. Really interesting uh on

yeah the demands from one part of the

business and what it has meant in terms

of uh ivonic some moves there. Tell us

about what this business does firstly.

>> Uh yes ivonic is a specialty chemicals

um company. So it supplies and markets

like farm and animal nutrition. Um

there's a bit of weakness across that

chemical sector actually this morning

because we had a note from JP Morgan

saying that sector blues are expected to

return for those European chemical

companies and they downgraded Ivonic as

part of that alongside other firms as

well. So chemical companies have had a

pretty good earning season. They were

able to to pass on a rising raw

materials cost on to customers. They

also really benefited from clients

stockpiling to avoid shortages uh

because those clients had anticipated

that there would be supply chain

disruptions and and price hikes later.

So chemicals companies in Europe had

really benefited uh from that. But the

analysts from JP Morgan are saying that

some recent data suggests that actually

any near-term tailwinds from the Iran

war might actually be lower than

expected and might also already already

be fading possibly. And so the fact that

this boost from the Iran war might

actually be more short-lived than

originally expected, that's being taken

as quite a negative for Ivonic. And so

we're seeing that down this morning.

>> The Stock Movers Report from Bloomberg

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