1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:18,080 Speaker 3: Let's look at some of the stocks on the move 5 00:00:18,120 --> 00:00:21,120 Speaker 3: today here in Europe. I'm Caroline Hepkar with Lizzie Burden, 6 00:00:21,160 --> 00:00:24,400 Speaker 3: and we're joined by Bloomberg reporter Clone Malay. Good morning. 7 00:00:25,000 --> 00:00:28,880 Speaker 3: There's been a jump in Denmark's all stage after a 8 00:00:29,320 --> 00:00:33,400 Speaker 3: ruling on key wind projects in the US, a story 9 00:00:33,440 --> 00:00:34,680 Speaker 3: we've been following closely. 10 00:00:35,000 --> 00:00:35,240 Speaker 2: Yeah. 11 00:00:35,280 --> 00:00:37,800 Speaker 1: Absolutely, so, you, as judge as ruled that ol Said 12 00:00:37,840 --> 00:00:40,680 Speaker 1: could resume work on a wind project off the coast 13 00:00:40,680 --> 00:00:42,720 Speaker 1: of Rhode Island in the US, and that is a 14 00:00:42,760 --> 00:00:46,440 Speaker 1: project that the Trump administration had suspended. So that ruling 15 00:00:46,479 --> 00:00:49,879 Speaker 1: means that Austid can continue building that wind farm, which 16 00:00:49,920 --> 00:00:53,480 Speaker 1: is about ninety percent complete already, while that legal fight 17 00:00:53,560 --> 00:00:56,760 Speaker 1: with the administration continues. And that's seen as quite a 18 00:00:56,760 --> 00:00:59,360 Speaker 1: big win for AUSTED, which has been embroiled in this 19 00:00:59,440 --> 00:01:02,520 Speaker 1: ongoing at all with the Trump administration for a while 20 00:01:02,560 --> 00:01:05,640 Speaker 1: now because Trump despises wind farms, and so it's seen 21 00:01:05,680 --> 00:01:09,160 Speaker 1: also as a larger win for the renewable energy industry. 22 00:01:09,240 --> 00:01:12,880 Speaker 1: And more generally because we now that that ruling offers 23 00:01:12,920 --> 00:01:16,399 Speaker 1: some hope to other companies that are facing the same 24 00:01:16,440 --> 00:01:20,720 Speaker 1: pushback from the US administration. And so we saw the 25 00:01:20,720 --> 00:01:24,040 Speaker 1: companies like Vestas, for example, which makes wind turbines, also 26 00:01:24,120 --> 00:01:25,480 Speaker 1: moving higher today on. 27 00:01:25,760 --> 00:01:26,440 Speaker 2: The back of that. 28 00:01:27,000 --> 00:01:30,080 Speaker 1: And you know, the US administration often cites and national 29 00:01:30,080 --> 00:01:34,200 Speaker 1: security concerns and concerns around destroying the landscape as reason 30 00:01:34,520 --> 00:01:36,760 Speaker 1: and reasons not to have those projects continue. But this 31 00:01:36,880 --> 00:01:39,759 Speaker 1: ruling seems to say that that is not necessarily enough 32 00:01:39,800 --> 00:01:42,400 Speaker 1: to have those stop work orders. And now the same 33 00:01:42,480 --> 00:01:46,039 Speaker 1: judge is considering all Said's requests to continue work on 34 00:01:46,080 --> 00:01:49,760 Speaker 1: another project, the Sunrise wind project near New York. And 35 00:01:49,800 --> 00:01:51,880 Speaker 1: so we'll manage if we'll see if it manages to 36 00:01:52,440 --> 00:01:54,800 Speaker 1: win there too, and that would be another big win 37 00:01:54,880 --> 00:01:55,400 Speaker 1: for Allsted. 38 00:01:56,240 --> 00:01:58,960 Speaker 2: Now, next up we turn to Diagio, the drinks maker 39 00:01:59,040 --> 00:02:00,480 Speaker 2: of course Chloe, which. 40 00:02:00,240 --> 00:02:02,480 Speaker 3: Is thirsty for an asset sale. 41 00:02:02,840 --> 00:02:05,560 Speaker 1: Indeed, it is said to be considering options for his 42 00:02:05,720 --> 00:02:09,600 Speaker 1: Chinese excuse me assets, and that includes a potential divestments. 43 00:02:10,080 --> 00:02:12,320 Speaker 1: This is part of a broader strategy for Diadro to 44 00:02:12,400 --> 00:02:16,280 Speaker 1: streamline its portfolio. It's not been having the best time 45 00:02:16,320 --> 00:02:19,400 Speaker 1: recently this company, it cut its outlook back in November 46 00:02:19,440 --> 00:02:22,839 Speaker 1: because of much lower demand in both China and the US, 47 00:02:22,880 --> 00:02:26,000 Speaker 1: which are obviously two of its key markets, and is 48 00:02:26,080 --> 00:02:28,640 Speaker 1: dealing with a quite a difficult environment, a change in 49 00:02:28,680 --> 00:02:31,960 Speaker 1: consumer environment where people don't have the money to buy 50 00:02:32,080 --> 00:02:35,360 Speaker 1: very expensive alcohol, where people also are starting to drink 51 00:02:35,360 --> 00:02:38,480 Speaker 1: a little bit less as well, and in China in particular, 52 00:02:38,720 --> 00:02:43,360 Speaker 1: there's also the added challenge of growing competition from local arrivals, 53 00:02:43,400 --> 00:02:45,920 Speaker 1: and so Diedro has been trying to find ways to 54 00:02:45,919 --> 00:02:49,160 Speaker 1: trim its portfolio to deal with all of those challenges. 55 00:02:49,200 --> 00:02:52,360 Speaker 1: And we had, for example, recently it agreed to sell 56 00:02:52,600 --> 00:02:57,280 Speaker 1: a stake in East African Breweries to ASII Holdings and 57 00:02:57,360 --> 00:03:00,960 Speaker 1: that was for two point three billion dollars. So it 58 00:03:01,040 --> 00:03:04,480 Speaker 1: is thinking about those different divestments and this potential one 59 00:03:04,600 --> 00:03:07,560 Speaker 1: for in China is the next step. And investors are 60 00:03:07,600 --> 00:03:10,560 Speaker 1: reacting quite positively to this move from Diandro. 61 00:03:10,880 --> 00:03:16,000 Speaker 3: Okay, meanwhile, Jeffrey is predicting storms ahead for semiconductors. How 62 00:03:16,080 --> 00:03:19,560 Speaker 3: the likes of ASM ASM reacting. 63 00:03:19,200 --> 00:03:23,160 Speaker 1: Yeah, So, ASM was downgraded this morning by by Jeffrey's analysts, 64 00:03:23,160 --> 00:03:26,680 Speaker 1: and they said that the semiconductor sector was facing a 65 00:03:26,720 --> 00:03:29,400 Speaker 1: choppy ride in twenty twenty six, and that is because 66 00:03:29,480 --> 00:03:33,480 Speaker 1: demand outside of AI is actually still quite weak, and 67 00:03:34,040 --> 00:03:37,280 Speaker 1: analysts said that disappointments were likely for this year, and 68 00:03:37,360 --> 00:03:40,480 Speaker 1: to by downgrading ASM that means that they expect that 69 00:03:40,560 --> 00:03:44,400 Speaker 1: company to be potentially part of those disappointments this year. 70 00:03:44,880 --> 00:03:48,320 Speaker 1: It's interesting because it's you know, there have been some 71 00:03:48,360 --> 00:03:52,400 Speaker 1: signals from other companies that the industrial and market, the 72 00:03:52,400 --> 00:03:55,600 Speaker 1: automotive and market for chips have been recovering. You know, 73 00:03:55,640 --> 00:03:58,040 Speaker 1: we saw a few weeks ago we had Microchip over 74 00:03:58,080 --> 00:04:00,920 Speaker 1: in the US saying something to that effect. But this 75 00:04:01,040 --> 00:04:04,200 Speaker 1: downgrade today shows maybe that this recovery in those end 76 00:04:04,200 --> 00:04:07,960 Speaker 1: markets outside of AI perhaps isn't guaranteed or maybe won't 77 00:04:08,000 --> 00:04:10,800 Speaker 1: be as strong as expected. And so we are still 78 00:04:10,920 --> 00:04:15,400 Speaker 1: very much in a situation where AI chips are insane demand, 79 00:04:15,440 --> 00:04:18,040 Speaker 1: but then the rest is still actually quite subdued, and 80 00:04:18,080 --> 00:04:20,320 Speaker 1: so that that might be a bit of a challenge 81 00:04:20,360 --> 00:04:22,760 Speaker 1: for some of those semiconductor names this year. 82 00:04:23,920 --> 00:04:27,960 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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