Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Now, let's take a look at some stocks on the
Speaker 3: move today in Europe. I'm Rich Levins with Caroline Hepcat
Speaker 3: and we're joined by Bloomberg's clone Malay Chlarie. Thank you
Speaker 3: for coming in. Easy Jet, they seem to be in
Speaker 3: the middle of a surprise bidding war. Tell us what's
Speaker 3: going on.
Speaker 1: Yes, we've got a potential bidding war on our hands
Speaker 1: with EasyJet. So a polo came out this morning with
Speaker 1: a higher offer than Castle Lake for easy Jet, a
Speaker 1: five point seven pound offer. At the beginning of the week,
Speaker 1: it looked very much set in stone that Castle Lake
Speaker 1: would be a buying EasyJet after winning the airline over
Speaker 1: with a fifth takeover bid. But there was a bit
Speaker 1: of a surprise twus this morning, and now Castlelake needs
Speaker 1: to look at this latest offer from a polo and
Speaker 1: figure out whether it makes sense to come back and
Speaker 1: bid even higher. Castle Lake still retains a possible edge
Speaker 1: because it was granted access to Easyjet's books following the
Speaker 1: latest bid, so it has that information. And then Apola
Speaker 1: also hasn't sorted out yet the European partner that it
Speaker 1: needs because that's what European and UK rules require for
Speaker 1: a takeover. So we'll be keeping an eye on all
Speaker 1: the developments are there. But easy Jet shares have sowed
Speaker 1: this morning on the back of this.
Speaker 3: Yeah, okay, so that on EasyJet really interesting bit of
Speaker 3: m and A. Meanwhile, there's a new big shareholder full Vodafone.
Speaker 1: Yeah, and Vodaphone is up very very strongly this morning,
Speaker 1: so it's biggest shareholder. Emirates Telecom agreed to sell its
Speaker 1: entire sixteen percent stake in Vodaphone to the French billionaire Xavignielle.
Speaker 1: Means that Neielle now becomes the biggest investor in the company.
Speaker 1: He's very familiar with the telecom market already. Nielle hold
Speaker 1: telecom assets around the world pretty much, and for Voteraphone,
Speaker 1: this comes at a very interesting time. It has this
Speaker 1: ongoing strategy of refocusing on the UK market and the
Speaker 1: German market and divesting from the less profitable markets around
Speaker 1: the world. So that's really reshaping that European telecom sector,
Speaker 1: which has been struggling for a few years now because
Speaker 1: of very intense competition and very fragmented markets, and Voteraphone
Speaker 1: has said that it looks forward to engaging with Niell
Speaker 1: as a supporting long term shareholder and the shares of
Speaker 1: responding very well this morning, as I said, very much
Speaker 1: soaring at the open.
Speaker 3: And away from those two big corporate stories of the day,
Speaker 3: it seems that recruiters are also having a good time.
Speaker 3: Why are they also rallying?
Speaker 1: Yeah, so recruiters are in the green today, which is
Speaker 1: not where they usually are. So recruitment companies have been
Speaker 1: having quite a tough time lately because of course we've
Speaker 1: had very low company confidence, meaning that hiring plans have
Speaker 1: been really much, very much put on hold, kind of
Speaker 1: a cross sectors, and of course we've got this AI threat,
Speaker 1: the potential for AI replacing some jobs. But today there
Speaker 1: was a very positive update from the recruitment company Hayes
Speaker 1: in the UK. It said that I saw improvements in
Speaker 1: a lot of those markets and expects earnings to come
Speaker 1: in at the top end of expectations. And so that
Speaker 1: relief has spread across the entire sector. We've seen Randstad,
Speaker 1: a Deco page group all of those names up in
Speaker 1: the green. This is an interesting tech sector to watch,
Speaker 1: and you know, not to plug my own stuff, but
Speaker 1: I did write this week about this and about recruiters
Speaker 1: trying to move with the AI boom and changing their
Speaker 1: strategy accordingly. So really refocusing on advertising for very niche
Speaker 1: roles that are you know, things like AI trainers, all
Speaker 1: of those roles that are in very strong demand in
Speaker 1: the AI economy, and moving away from some markets that
Speaker 1: are weaker, including the more junior end of the market
Speaker 1: where there's a lot more AI displacement.
Speaker 3: So it's very interesting.
Speaker 2: The stock mover's report from Bloomberg Radio. Check back with
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