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: Let's look at some of the stocks on the move
Speaker 3: today here in Europe. I'm Caroline Hepkar with Lizzie Burden,
Speaker 3: and we're joined by Bloomberg reporter Clone Malay. Good morning.
Speaker 3: There's been a jump in Denmark's all stage after a
Speaker 3: ruling on key wind projects in the US, a story
Speaker 3: we've been following closely.
Speaker 2: Yeah.
Speaker 1: Absolutely, so, you, as judge as ruled that ol Said
Speaker 1: could resume work on a wind project off the coast
Speaker 1: of Rhode Island in the US, and that is a
Speaker 1: project that the Trump administration had suspended. So that ruling
Speaker 1: means that Austid can continue building that wind farm, which
Speaker 1: is about ninety percent complete already, while that legal fight
Speaker 1: with the administration continues. And that's seen as quite a
Speaker 1: big win for AUSTED, which has been embroiled in this
Speaker 1: ongoing at all with the Trump administration for a while
Speaker 1: now because Trump despises wind farms, and so it's seen
Speaker 1: also as a larger win for the renewable energy industry.
Speaker 1: And more generally because we now that that ruling offers
Speaker 1: some hope to other companies that are facing the same
Speaker 1: pushback from the US administration. And so we saw the
Speaker 1: companies like Vestas, for example, which makes wind turbines, also
Speaker 1: moving higher today on.
Speaker 2: The back of that.
Speaker 1: And you know, the US administration often cites and national
Speaker 1: security concerns and concerns around destroying the landscape as reason
Speaker 1: and reasons not to have those projects continue. But this
Speaker 1: ruling seems to say that that is not necessarily enough
Speaker 1: to have those stop work orders. And now the same
Speaker 1: judge is considering all Said's requests to continue work on
Speaker 1: another project, the Sunrise wind project near New York. And
Speaker 1: so we'll manage if we'll see if it manages to
Speaker 1: win there too, and that would be another big win
Speaker 1: for Allsted.
Speaker 2: Now, next up we turn to Diagio, the drinks maker
Speaker 2: of course Chloe, which.
Speaker 3: Is thirsty for an asset sale.
Speaker 1: Indeed, it is said to be considering options for his
Speaker 1: Chinese excuse me assets, and that includes a potential divestments.
Speaker 1: This is part of a broader strategy for Diadro to
Speaker 1: streamline its portfolio. It's not been having the best time
Speaker 1: recently this company, it cut its outlook back in November
Speaker 1: because of much lower demand in both China and the US,
Speaker 1: which are obviously two of its key markets, and is
Speaker 1: dealing with a quite a difficult environment, a change in
Speaker 1: consumer environment where people don't have the money to buy
Speaker 1: very expensive alcohol, where people also are starting to drink
Speaker 1: a little bit less as well, and in China in particular,
Speaker 1: there's also the added challenge of growing competition from local arrivals,
Speaker 1: and so Diedro has been trying to find ways to
Speaker 1: trim its portfolio to deal with all of those challenges.
Speaker 1: And we had, for example, recently it agreed to sell
Speaker 1: a stake in East African Breweries to ASII Holdings and
Speaker 1: that was for two point three billion dollars. So it
Speaker 1: is thinking about those different divestments and this potential one
Speaker 1: for in China is the next step. And investors are
Speaker 1: reacting quite positively to this move from Diandro.
Speaker 3: Okay, meanwhile, Jeffrey is predicting storms ahead for semiconductors. How
Speaker 3: the likes of ASM ASM reacting.
Speaker 1: Yeah, So, ASM was downgraded this morning by by Jeffrey's analysts,
Speaker 1: and they said that the semiconductor sector was facing a
Speaker 1: choppy ride in twenty twenty six, and that is because
Speaker 1: demand outside of AI is actually still quite weak, and
Speaker 1: analysts said that disappointments were likely for this year, and
Speaker 1: to by downgrading ASM that means that they expect that
Speaker 1: company to be potentially part of those disappointments this year.
Speaker 1: It's interesting because it's you know, there have been some
Speaker 1: signals from other companies that the industrial and market, the
Speaker 1: automotive and market for chips have been recovering. You know,
Speaker 1: we saw a few weeks ago we had Microchip over
Speaker 1: in the US saying something to that effect. But this
Speaker 1: downgrade today shows maybe that this recovery in those end
Speaker 1: markets outside of AI perhaps isn't guaranteed or maybe won't
Speaker 1: be as strong as expected. And so we are still
Speaker 1: very much in a situation where AI chips are insane demand,
Speaker 1: but then the rest is still actually quite subdued, and
Speaker 1: so that that might be a bit of a challenge
Speaker 1: for some of those semiconductor names this year.
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