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 1: Let's take a look at some stocks on the move
Speaker 1: today here in Europe. I'm Caroline Hepcat alongside Tom McKenzie,
Speaker 1: which joined by bing Big Sam Onsteed Sam. Good morning.
Speaker 1: BAE Systems planning to speed up its shipbuilding in order
Speaker 1: to meet demand. I mean this is music to the
Speaker 1: years of the British government surely, and it's after the
Speaker 1: big shipbuilding deal.
Speaker 3: Yeah. Well, well, music to the ars of the government
Speaker 3: and music to the years of investors in defense stocks.
Speaker 1: Yeah.
Speaker 3: I think the defense story has kind of moved onto
Speaker 3: a new part of the cycle. Now you know that
Speaker 3: the spending is known. Now it's a question of who's
Speaker 3: going to pick up that spending and how are they
Speaker 3: going to execute on it once they get those contracts through.
Speaker 3: So BAE Systems coming out and saying we're going to
Speaker 3: shave six months off of how long it takes us
Speaker 3: to build warships. Music to those people, and so shares
Speaker 3: up about three percent a day, having all ready rallied
Speaker 3: by about sixty five percent this year and train Line
Speaker 3: is in Fogers as well, so yeah, another UK company,
Speaker 3: so an online ticket seller. Ticket sales stronger than expected
Speaker 3: in the UK. That was partly down to a kind
Speaker 3: of commuter recovery, so a little bit of a return
Speaker 3: to office story going on in the background. There also
Speaker 3: lapping period when there were more strikes. You know, this
Speaker 3: is we're coming through a tube strike in London right now.
Speaker 3: That doesn't really affect train lines so much because they're
Speaker 3: much more about the National rail that hasn't happened so
Speaker 3: much this year. That's been positive for them as well.
Speaker 3: And they're buying back one hundred and fifty million pounds
Speaker 3: of shares, which may not sound too much on the
Speaker 3: face of it, but is about fourteen percent of their
Speaker 3: entire market caps. That's very punchy. So the shares jumped
Speaker 3: as much as fifteen percent earlier.
Speaker 1: I'm so confused about why there isn't consolidation. You can
Speaker 1: go to the train line and buy your train tickets
Speaker 1: ever for any rail line across the UK, but you
Speaker 1: could also go to the individual train lines website to
Speaker 1: buy your tickets. Very weird anyway. Fever Tree also up today,
Speaker 1: Pricey Tonics working wonders.
Speaker 3: Yes, a bit of a mixed story though on fever Tree,
Speaker 3: so their shares are up today. That's mostly because they're
Speaker 3: doing very well in the US. They did this large
Speaker 3: deal with multen Corez, so they have this huge distribution
Speaker 3: network now that's working quite well in the US. In
Speaker 3: the UK though, a little bit weaker, so you're seeing
Speaker 3: people trade a little bit away from Priceatonics, so sales
Speaker 3: have gone down a little bit actually for Fevertree in
Speaker 3: the UK. That's partly people trading away from restaurants. They
Speaker 3: make more margin on the stuff that they sell to
Speaker 3: restaurants and then in stores as well. They are also
Speaker 3: seeing a little bit of a trade down, so they're
Speaker 3: getting hit by a kind of broader down trading story
Speaker 3: amongst UK consumers. But the US story is taking the
Speaker 3: precedents and shares up about eight percent.
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