WEBVTT - Orsted Soars, Diageo Rises, ASM Downgraded

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's look at some of the stocks on the move

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<v Speaker 3>today here in Europe. I'm Caroline Hepkar with Lizzie Burden,

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<v Speaker 3>and we're joined by Bloomberg reporter Clone Malay. Good morning.

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<v Speaker 3>There's been a jump in Denmark's all stage after a

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<v Speaker 3>ruling on key wind projects in the US, a story

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<v Speaker 3>we've been following closely.

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<v Speaker 2>Yeah.

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<v Speaker 1>Absolutely, so, you, as judge as ruled that ol Said

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<v Speaker 1>could resume work on a wind project off the coast

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<v Speaker 1>of Rhode Island in the US, and that is a

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<v Speaker 1>project that the Trump administration had suspended. So that ruling

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<v Speaker 1>means that Austid can continue building that wind farm, which

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<v Speaker 1>is about ninety percent complete already, while that legal fight

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<v Speaker 1>with the administration continues. And that's seen as quite a

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<v Speaker 1>big win for AUSTED, which has been embroiled in this

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<v Speaker 1>ongoing at all with the Trump administration for a while

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<v Speaker 1>now because Trump despises wind farms, and so it's seen

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<v Speaker 1>also as a larger win for the renewable energy industry.

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<v Speaker 1>And more generally because we now that that ruling offers

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<v Speaker 1>some hope to other companies that are facing the same

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<v Speaker 1>pushback from the US administration. And so we saw the

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<v Speaker 1>companies like Vestas, for example, which makes wind turbines, also

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<v Speaker 1>moving higher today on.

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<v Speaker 2>The back of that.

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<v Speaker 1>And you know, the US administration often cites and national

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<v Speaker 1>security concerns and concerns around destroying the landscape as reason

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<v Speaker 1>and reasons not to have those projects continue. But this

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<v Speaker 1>ruling seems to say that that is not necessarily enough

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<v Speaker 1>to have those stop work orders. And now the same

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<v Speaker 1>judge is considering all Said's requests to continue work on

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<v Speaker 1>another project, the Sunrise wind project near New York. And

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<v Speaker 1>so we'll manage if we'll see if it manages to

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<v Speaker 1>win there too, and that would be another big win

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<v Speaker 1>for Allsted.

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<v Speaker 2>Now, next up we turn to Diagio, the drinks maker

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<v Speaker 2>of course Chloe, which.

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<v Speaker 3>Is thirsty for an asset sale.

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<v Speaker 1>Indeed, it is said to be considering options for his

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<v Speaker 1>Chinese excuse me assets, and that includes a potential divestments.

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<v Speaker 1>This is part of a broader strategy for Diadro to

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<v Speaker 1>streamline its portfolio. It's not been having the best time

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<v Speaker 1>recently this company, it cut its outlook back in November

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<v Speaker 1>because of much lower demand in both China and the US,

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<v Speaker 1>which are obviously two of its key markets, and is

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<v Speaker 1>dealing with a quite a difficult environment, a change in

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<v Speaker 1>consumer environment where people don't have the money to buy

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<v Speaker 1>very expensive alcohol, where people also are starting to drink

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<v Speaker 1>a little bit less as well, and in China in particular,

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<v Speaker 1>there's also the added challenge of growing competition from local arrivals,

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<v Speaker 1>and so Diedro has been trying to find ways to

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<v Speaker 1>trim its portfolio to deal with all of those challenges.

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<v Speaker 1>And we had, for example, recently it agreed to sell

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<v Speaker 1>a stake in East African Breweries to ASII Holdings and

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<v Speaker 1>that was for two point three billion dollars. So it

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<v Speaker 1>is thinking about those different divestments and this potential one

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<v Speaker 1>for in China is the next step. And investors are

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<v Speaker 1>reacting quite positively to this move from Diandro.

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<v Speaker 3>Okay, meanwhile, Jeffrey is predicting storms ahead for semiconductors. How

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<v Speaker 3>the likes of ASM ASM reacting.

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<v Speaker 1>Yeah, So, ASM was downgraded this morning by by Jeffrey's analysts,

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<v Speaker 1>and they said that the semiconductor sector was facing a

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<v Speaker 1>choppy ride in twenty twenty six, and that is because

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<v Speaker 1>demand outside of AI is actually still quite weak, and

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<v Speaker 1>analysts said that disappointments were likely for this year, and

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<v Speaker 1>to by downgrading ASM that means that they expect that

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<v Speaker 1>company to be potentially part of those disappointments this year.

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<v Speaker 1>It's interesting because it's you know, there have been some

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<v Speaker 1>signals from other companies that the industrial and market, the

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<v Speaker 1>automotive and market for chips have been recovering. You know,

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<v Speaker 1>we saw a few weeks ago we had Microchip over

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<v Speaker 1>in the US saying something to that effect. But this

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<v Speaker 1>downgrade today shows maybe that this recovery in those end

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<v Speaker 1>markets outside of AI perhaps isn't guaranteed or maybe won't

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<v Speaker 1>be as strong as expected. And so we are still

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<v Speaker 1>very much in a situation where AI chips are insane demand,

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<v Speaker 1>but then the rest is still actually quite subdued, and

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<v Speaker 1>so that that might be a bit of a challenge

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<v Speaker 1>for some of those semiconductor names this year.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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