1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:18,079 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,120 --> 00:00:20,400 Speaker 3: the move today here in Europe. I'm Caroline Hepgar with 6 00:00:20,480 --> 00:00:23,600 Speaker 3: Tom McKenzie and were joined Babloomberg with porter Cloe Malay. 7 00:00:23,680 --> 00:00:27,760 Speaker 3: Good morning, Chloe. So we are looking at defense stocks 8 00:00:27,800 --> 00:00:32,360 Speaker 3: this hour after President Trump's latest comments on the Ukraine conflict. 9 00:00:32,600 --> 00:00:36,200 Speaker 3: Ryan Mattal sort of representative for the industry. 10 00:00:36,680 --> 00:00:39,680 Speaker 1: Yeah, and it's doing quite badly this morning, with shares 11 00:00:39,720 --> 00:00:43,240 Speaker 1: down quite significantly. But as we say, we have seen 12 00:00:43,240 --> 00:00:46,600 Speaker 1: that weakness across that defense industry in Europe this morning 13 00:00:46,640 --> 00:00:49,400 Speaker 1: because the prospect of a peace deal in Ukraine is 14 00:00:49,479 --> 00:00:52,199 Speaker 1: coming closer and closer. So Trump has said that the 15 00:00:52,240 --> 00:00:54,440 Speaker 1: war at the end of the war is closer than ever, 16 00:00:54,840 --> 00:00:57,360 Speaker 1: and Zelenski has said that he had reached an agreement 17 00:00:57,400 --> 00:01:00,880 Speaker 1: with the US to make security guarantees legal binding. So 18 00:01:01,160 --> 00:01:04,520 Speaker 1: we'd already seen that those defense shares moving lower yesterday 19 00:01:04,959 --> 00:01:08,520 Speaker 1: because of those reports that Zelenski was willing to abandon 20 00:01:08,959 --> 00:01:11,319 Speaker 1: the long term plan for Ukraine to join NATO in 21 00:01:11,400 --> 00:01:15,600 Speaker 1: exchange for some bilateral security guarantees with the likes of 22 00:01:15,640 --> 00:01:19,080 Speaker 1: the US in Europe. And today those downward moves are 23 00:01:19,160 --> 00:01:24,000 Speaker 1: even sharper because of that very enthusiastic, upbeat commentary from Trump, 24 00:01:24,040 --> 00:01:26,440 Speaker 1: and now the focus is really going to be on 25 00:01:26,480 --> 00:01:29,720 Speaker 1: the response from Putin. One sticking point at the moment 26 00:01:29,800 --> 00:01:32,720 Speaker 1: is that it is around Ukraine given up territory. Trump 27 00:01:32,800 --> 00:01:34,760 Speaker 1: said that they'd have to, that they'd already lost some 28 00:01:34,840 --> 00:01:37,520 Speaker 1: of that territory Brazilenski had said that there was no 29 00:01:37,600 --> 00:01:40,200 Speaker 1: decision that had been made on that, so there still 30 00:01:40,400 --> 00:01:44,000 Speaker 1: remains some issues to iron now, but there's real progress 31 00:01:44,120 --> 00:01:46,440 Speaker 1: on this, and it seems that the market is seeing 32 00:01:46,440 --> 00:01:49,560 Speaker 1: this as a negative for that defense sector and that's 33 00:01:49,600 --> 00:01:51,440 Speaker 1: really weighing on that industry this morning. 34 00:01:51,760 --> 00:01:53,920 Speaker 3: So in a very different space, then keep keeping it. 35 00:01:54,080 --> 00:01:57,280 Speaker 3: Chile ice cream brand Magnum looking to freeze out Ben 36 00:01:57,320 --> 00:02:01,000 Speaker 3: and Jerry's chair. You listed this this business. How our 37 00:02:01,040 --> 00:02:03,160 Speaker 3: investors reacting to that? Not well? 38 00:02:03,520 --> 00:02:06,440 Speaker 1: So this is just a week after the listing, after 39 00:02:06,480 --> 00:02:09,520 Speaker 1: the spinoff for Magnum ice Cream, so there's already a 40 00:02:09,520 --> 00:02:13,320 Speaker 1: little bit of boardroom drama. So this company, which as 41 00:02:13,360 --> 00:02:16,440 Speaker 1: you mentioned, was spun off Unilever and started trading just 42 00:02:16,720 --> 00:02:19,320 Speaker 1: a little over a week ago, is trying to remove 43 00:02:19,360 --> 00:02:21,760 Speaker 1: the chair of Ben and Jerry's board. So that's an 44 00:02:21,800 --> 00:02:24,640 Speaker 1: attempt to really tighten up control on Ben and Jerry's, 45 00:02:24,639 --> 00:02:27,679 Speaker 1: which is a key a subsidiary, and Magnum had essentially 46 00:02:28,000 --> 00:02:32,040 Speaker 1: inherited a very complicated relationship that Unilever had with Ben 47 00:02:32,080 --> 00:02:35,960 Speaker 1: and Jerry's, with Ben and Jerry's accusing Unilever in court 48 00:02:36,040 --> 00:02:40,120 Speaker 1: a firing as CEO because of disputes over the social 49 00:02:40,160 --> 00:02:43,360 Speaker 1: mission that Ben and Jerry's wanted to have in saying 50 00:02:43,360 --> 00:02:46,320 Speaker 1: that Unilever was not allowing it to do so. So 51 00:02:46,360 --> 00:02:48,960 Speaker 1: it looks like the tension that started then under Unilever 52 00:02:49,160 --> 00:02:52,280 Speaker 1: is now continuing under this new structure with that spun 53 00:02:52,280 --> 00:02:55,760 Speaker 1: off Magnum ice Cream company, and that's weighing on the 54 00:02:55,760 --> 00:02:58,600 Speaker 1: stock this morning after what has spin actually what was 55 00:02:58,760 --> 00:03:00,119 Speaker 1: a pretty strong debut. 56 00:03:00,800 --> 00:03:06,920 Speaker 3: Okay on Magnum. Meanwhile, IG Group, Why has this trading 57 00:03:06,919 --> 00:03:08,160 Speaker 3: platform done so well? 58 00:03:08,400 --> 00:03:10,880 Speaker 1: Yeah, there's a quite quite strong momentum for that online 59 00:03:10,919 --> 00:03:13,320 Speaker 1: trading company, and the shes hit a record this morning 60 00:03:13,400 --> 00:03:16,600 Speaker 1: because it's said that it expects to hit its medium 61 00:03:16,639 --> 00:03:21,000 Speaker 1: term targets for revenue ahead of schedule in twenty twenty six, 62 00:03:21,040 --> 00:03:24,480 Speaker 1: and it also extended its buyback, so that indicates really 63 00:03:24,560 --> 00:03:27,560 Speaker 1: strong momentum. Strong demand for its products also means that 64 00:03:27,880 --> 00:03:31,320 Speaker 1: it's able to acquire and have a good retention of 65 00:03:31,400 --> 00:03:35,800 Speaker 1: customers across some of its different products. And now the 66 00:03:35,840 --> 00:03:38,840 Speaker 1: next step for i ig Group is going to be crypto. 67 00:03:38,920 --> 00:03:42,080 Speaker 1: So it's just secured a crypto asset license from the 68 00:03:42,160 --> 00:03:46,480 Speaker 1: UK Financial Conduct Authority in September, so we'll be enabling 69 00:03:46,720 --> 00:03:51,040 Speaker 1: that company to expand its crypto offerings in twenty twenty six. 70 00:03:51,160 --> 00:03:54,280 Speaker 1: That'll be the real focus. And it's also now planning 71 00:03:54,480 --> 00:03:58,360 Speaker 1: to increase marketing investment in twenty twenty six as well 72 00:03:58,360 --> 00:04:01,600 Speaker 1: to accelerate that growth. We'll probably be seeing some ig 73 00:04:01,720 --> 00:04:03,360 Speaker 1: Group ads on the tube very soon. 74 00:04:04,640 --> 00:04:08,880 Speaker 2: The Stockmover's report from Bloomberg Radio. 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