WEBVTT - Mediobanca Rises, Bayer Drops, Rasberry Pi Soars

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio.

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<v Speaker 2>News, The Stock Movers Report, your roundup of companies making

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<v Speaker 2>moves in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move

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<v Speaker 3>today in Europe. I'm Stephen Carroll and I'm joined by

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<v Speaker 3>Bloomberg's Breaking News editor Louise Know and Louise good morning.

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<v Speaker 3>Let's start in Italy with Mediobanker shares rising this morning.

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<v Speaker 1>Why that's after their board has essentially approved plans to delist,

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<v Speaker 1>so they're going to d list the investment bank. That's

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<v Speaker 1>after it was acquired last year for seventeen billionaires by

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<v Speaker 1>montepascy so I created Italy's third last largest lender by assets.

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<v Speaker 1>And now this is the next step, so it's being

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<v Speaker 1>fully integrated, so both banks coming together. As you say,

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<v Speaker 1>Media Banker shares rose. They are off about nine percent

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<v Speaker 1>in Milan this morning. ANALYSSA A isentally saying, you know,

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<v Speaker 1>this next step should help both of the banks maximize

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<v Speaker 1>their potential to the focus now is how they're going

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<v Speaker 1>to execute on that merger, how they're going to deliver

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<v Speaker 1>on cost savings that were promised as part of that merger.

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<v Speaker 1>So yeah, investors taking it well, as this next step

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<v Speaker 1>happens to delist media banker.

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<v Speaker 3>That's a media banker.

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<v Speaker 2>Let's go to buyer.

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<v Speaker 3>And next the German chemicals company is we're seeing their

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<v Speaker 3>shares this morning lower after some news around settlements. This

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<v Speaker 3>is to do with the lawsu itself roundup weed killer.

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<v Speaker 1>Yeah, indeed, so they've agreed to pay more than seven

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<v Speaker 1>billion dollars as part of this. This is them trying

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<v Speaker 1>to resolve, as you say, these cases over the weed

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<v Speaker 1>killer that is to do with it with it being

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<v Speaker 1>linked to cancer. So this is both current and future lawsuits.

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<v Speaker 1>So they're trying to resolve. They're so seven billion dollars,

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<v Speaker 1>you know, assessment plan, moving on. It's been really hitting

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<v Speaker 1>the company for years. It's been something that's been been

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<v Speaker 1>going along for years and really been hitting Bear. So

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<v Speaker 1>paying this and as you say, shares shares felled today

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<v Speaker 1>that they fell about seven percent. They had actually risen

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<v Speaker 1>by a similar amount yesterday afternoon after this news and

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<v Speaker 1>then and then as I say, falling this morning. One

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<v Speaker 1>comment was saying that, you know, it is likely the

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<v Speaker 1>best possible outcome, but it's not necessarily the breakthrough that

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<v Speaker 1>investors had hoped for, So maybe that explains that the

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<v Speaker 1>change in that share price reaction. And there's also the

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<v Speaker 1>kind of added challenge around this, and as this all

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<v Speaker 1>settles in one limiting the financial burden on the company,

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<v Speaker 1>but also making the compensation good enough essentially to prevent

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<v Speaker 1>more or renewed litigation going forward. So a bit of

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<v Speaker 1>a mixed picture there, but settling that for Bear.

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<v Speaker 3>Yeah, of course this is one that has been a

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<v Speaker 3>long running story for company, so one to think about

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<v Speaker 3>this morning. We're going to turn next to Raspberry Pie,

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<v Speaker 3>the computer maker. Shares have risen sharply and been halted

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<v Speaker 3>at some stages for volatility this morning. Louise at what's

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<v Speaker 3>going on?

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<v Speaker 1>Yeah, a really interesting one, apologies, a really interesting one

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<v Speaker 1>today thirty three percent rasby Pie. Yesterday they had their

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<v Speaker 1>best one day performance since twenty twenty four IPO since

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<v Speaker 1>they listened in twenty twenty four. They're up about ninety

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<v Speaker 1>percent in the week, so they've now got a valuation

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<v Speaker 1>of about one billion pounds. And the trigger around this

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<v Speaker 1>is a social media post, so it's saying that some

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<v Speaker 1>AI agents could drive demand for the type of computers

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<v Speaker 1>that Rosby Pie makes, so they're seeing Rosby Pie as

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<v Speaker 1>the kind of ideal hardware platform for these AI agents,

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<v Speaker 1>so causing the stock to saw this is this is happening,

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<v Speaker 1>as I say, through the whole week. There's also a

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<v Speaker 1>bit of play here of short sellers closing their negative bets.

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<v Speaker 1>Also as a result of this, it had been one

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<v Speaker 1>of the most shorted stocks in Europe, so they're closing

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<v Speaker 1>those negative bets. And there was a note from Jeffrey saying,

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<v Speaker 1>you know that all this chatter on social media could

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<v Speaker 1>support further upside. So we're keeping an eye see if

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<v Speaker 1>these games will continue. But quite a remarkable week so

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<v Speaker 1>far from usby Pie.

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<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

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