1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,400 --> 00:00:17,680 Speaker 3: Let's have a look at some of the socks on 5 00:00:17,720 --> 00:00:19,720 Speaker 3: the move today here in Europe. I'm Caroline hep Get 6 00:00:19,720 --> 00:00:23,000 Speaker 3: alongside Tom McKenzie, and we're joined by Bloomberg reporter Chloe Malay. 7 00:00:23,040 --> 00:00:26,680 Speaker 3: Good morning, Chloe, So let's talk about the British drinks 8 00:00:26,680 --> 00:00:30,440 Speaker 3: maker Diaggio. Looks like investors are very pleased with the 9 00:00:30,440 --> 00:00:34,240 Speaker 3: announcement of a new CEO. I suppose he's got experience 10 00:00:34,360 --> 00:00:36,920 Speaker 3: filling the shelves with Johnny Walker bottles, doesn't he. 11 00:00:37,159 --> 00:00:40,319 Speaker 4: Yeah, absolutely, So the chars are up quite a lot 12 00:00:40,320 --> 00:00:43,599 Speaker 4: this morning because investors seems to be really keen on 13 00:00:43,640 --> 00:00:46,000 Speaker 4: this new CEO, Dave Lewis, who has, as you said, 14 00:00:46,240 --> 00:00:49,360 Speaker 4: really extensive retail experience and a strong a track record. 15 00:00:49,440 --> 00:00:51,480 Speaker 4: So he was at UNILEVERA for a really long while. 16 00:00:51,520 --> 00:00:53,960 Speaker 4: But what he's really known for is turning around Tesco, 17 00:00:54,000 --> 00:00:56,480 Speaker 4: where he was CEO as well. So he managed to 18 00:00:56,520 --> 00:00:58,840 Speaker 4: run things around after an accounting a scandal that had 19 00:00:58,880 --> 00:01:01,760 Speaker 4: sent the Chez undrink for Tesco, and he managed to 20 00:01:02,160 --> 00:01:04,399 Speaker 4: boost profit and sales, and he earned the nickname of 21 00:01:04,480 --> 00:01:08,399 Speaker 4: Drastic Dave for his program of job cuts and store closures. 22 00:01:08,400 --> 00:01:10,759 Speaker 4: So we'll see if he does the same at Dare 23 00:01:10,880 --> 00:01:13,360 Speaker 4: Joe and This have said that the appointment was a 24 00:01:13,360 --> 00:01:16,520 Speaker 4: good move and noted that it brings the uncertainty over 25 00:01:16,560 --> 00:01:19,959 Speaker 4: that leadership transition at the company to an end. So 26 00:01:20,080 --> 00:01:22,840 Speaker 4: Lewis will now need to reset targets and figure out 27 00:01:22,840 --> 00:01:25,920 Speaker 4: a way of out of the slowdown in that drink's market. 28 00:01:26,040 --> 00:01:28,680 Speaker 4: Of course, Dado has not been doing very well recently. 29 00:01:28,720 --> 00:01:32,520 Speaker 4: The shares are down about thirty percent over the last year, 30 00:01:32,680 --> 00:01:35,080 Speaker 4: and it lowered its outlook just last week, noting a 31 00:01:35,080 --> 00:01:37,480 Speaker 4: lot of weakness in the US in China. But it 32 00:01:37,480 --> 00:01:40,840 Speaker 4: seems to investors are confident that Lewis can maybe turn 33 00:01:40,920 --> 00:01:43,600 Speaker 4: things around and revive the fortunes of jad Joe and in. 34 00:01:43,560 --> 00:01:47,880 Speaker 1: The pharmacols pharmaceutical space at Chloe. This incredible kind of 35 00:01:47,960 --> 00:01:51,880 Speaker 1: runoff between Nova and Orders. Can Pfizer bidding for a 36 00:01:51,880 --> 00:01:55,240 Speaker 1: weight loss drugs company met Sarah and it seems like 37 00:01:55,520 --> 00:01:57,720 Speaker 1: Nova and Ores a square they've thrown. They They've kind 38 00:01:57,720 --> 00:01:59,600 Speaker 1: of thrown the towel in and so Fizer, we're going 39 00:01:59,600 --> 00:02:01,000 Speaker 1: to go ahead with this one of the details. 40 00:02:01,120 --> 00:02:03,400 Speaker 4: Yeah, So investors are actually quite happy that Nova will 41 00:02:03,440 --> 00:02:06,160 Speaker 4: not be purchasing with Sarah. So shares rose for and 42 00:02:06,200 --> 00:02:09,280 Speaker 4: overdoorders this morning after it withdrew over the weekend. It's 43 00:02:09,320 --> 00:02:12,840 Speaker 4: ten billion dollar offer for mid Sarah the AVCT startup. 44 00:02:13,120 --> 00:02:15,880 Speaker 4: So that means that Pfizer will now be buying the company. 45 00:02:15,919 --> 00:02:19,240 Speaker 4: So that's the end of quite an interesting takeover battle 46 00:02:19,840 --> 00:02:22,480 Speaker 4: that has been that has been followed really closely by 47 00:02:22,520 --> 00:02:25,359 Speaker 4: the market over the last few weeks, and it seems 48 00:02:25,360 --> 00:02:27,880 Speaker 4: that investors are not seeing this as a setback for 49 00:02:27,919 --> 00:02:30,960 Speaker 4: an Overnordics, but more over walking away from something that 50 00:02:31,040 --> 00:02:33,320 Speaker 4: might have been quite difficult to pull off. Maybe, so 51 00:02:33,360 --> 00:02:36,280 Speaker 4: there were concerns around overpaying as the take of a 52 00:02:36,280 --> 00:02:39,600 Speaker 4: battle really intensified last week. And then Metzarah had also 53 00:02:39,680 --> 00:02:41,760 Speaker 4: said that it got a call from the us A 54 00:02:41,800 --> 00:02:45,200 Speaker 4: Federal Trade Commission saying that there were potential regulatory risk 55 00:02:45,480 --> 00:02:48,119 Speaker 4: with the deal structure that was proposed by an over Nordisks. 56 00:02:48,160 --> 00:02:51,760 Speaker 4: So because of those price concerns, those regulatory concerns, potential 57 00:02:51,760 --> 00:02:55,079 Speaker 4: antitrust concerns as well, that withdraw is actually being welcome 58 00:02:55,160 --> 00:02:58,120 Speaker 4: with a sense of relief by no Over Nordisk investors. 59 00:02:58,960 --> 00:03:03,680 Speaker 3: Interesting and then lastly on Zeman's Energy, what's been of 60 00:03:03,800 --> 00:03:04,560 Speaker 3: note today? 61 00:03:04,919 --> 00:03:07,440 Speaker 4: Yeah, it was a race to buy at Jeffries in 62 00:03:07,520 --> 00:03:10,360 Speaker 4: so that that led the shares a higher this morning. 63 00:03:10,480 --> 00:03:13,600 Speaker 4: So and Jeffreys analyst said that the shares were significantly 64 00:03:13,680 --> 00:03:16,919 Speaker 4: undervalued and that is despite them more than doubling since 65 00:03:16,960 --> 00:03:19,079 Speaker 4: the start of the year. And they said that the 66 00:03:19,160 --> 00:03:22,440 Speaker 4: portfolio from Semens Energy addresses all of the main challenges 67 00:03:22,800 --> 00:03:24,880 Speaker 4: that we have got in the energy sector, which means 68 00:03:24,919 --> 00:03:28,200 Speaker 4: that it should continue to see really high demands. So 69 00:03:28,280 --> 00:03:31,240 Speaker 4: there's been a real increase in grid investments, in power 70 00:03:31,280 --> 00:03:34,440 Speaker 4: generation investments and that has meant a lot more orders 71 00:03:34,480 --> 00:03:38,080 Speaker 4: and record backlogs for Semens Energy, and analysts expect this 72 00:03:38,200 --> 00:03:41,320 Speaker 4: to continue into twenty twenty six. Just last week we 73 00:03:41,360 --> 00:03:44,520 Speaker 4: had Morgan Stanley analysts also increasing their price target for 74 00:03:44,560 --> 00:03:47,320 Speaker 4: the company, saying the order backlog was in really good shape. 75 00:03:47,360 --> 00:03:49,400 Speaker 4: So things are looking great for Semen's Energy. 76 00:03:50,800 --> 00:03:54,840 Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with 77 00:03:54,920 --> 00:03:57,520 Speaker 2: us throughout the day for the latest roundup of companies 78 00:03:57,560 --> 00:04:00,680 Speaker 2: making news on Wall Street and for the SATIS market 79 00:04:00,720 --> 00:04:05,160 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 80 00:04:05,280 --> 00:04:08,760 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 81 00:04:08,840 --> 00:04:10,320 Speaker 2: the Bloomberg Business app.