WEBVTT - Diageo Gains, Novo Rises, Siemens Energy Up

0:00:02.520 --> 0:00:07.440
<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

0:00:08.560 --> 0:00:12.440
<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

0:00:12.480 --> 0:00:15.880
<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

0:00:16.400 --> 0:00:17.680
<v Speaker 3>Let's have a look at some of the socks on

0:00:17.720 --> 0:00:19.720
<v Speaker 3>the move today here in Europe. I'm Caroline hep Get

0:00:19.720 --> 0:00:23.000
<v Speaker 3>alongside Tom McKenzie, and we're joined by Bloomberg reporter Chloe Malay.

0:00:23.040 --> 0:00:26.680
<v Speaker 3>Good morning, Chloe, So let's talk about the British drinks

0:00:26.680 --> 0:00:30.440
<v Speaker 3>maker Diaggio. Looks like investors are very pleased with the

0:00:30.440 --> 0:00:34.240
<v Speaker 3>announcement of a new CEO. I suppose he's got experience

0:00:34.360 --> 0:00:36.920
<v Speaker 3>filling the shelves with Johnny Walker bottles, doesn't he.

0:00:37.159 --> 0:00:40.319
<v Speaker 4>Yeah, absolutely, So the chars are up quite a lot

0:00:40.320 --> 0:00:43.599
<v Speaker 4>this morning because investors seems to be really keen on

0:00:43.640 --> 0:00:46.000
<v Speaker 4>this new CEO, Dave Lewis, who has, as you said,

0:00:46.240 --> 0:00:49.360
<v Speaker 4>really extensive retail experience and a strong a track record.

0:00:49.440 --> 0:00:51.480
<v Speaker 4>So he was at UNILEVERA for a really long while.

0:00:51.520 --> 0:00:53.960
<v Speaker 4>But what he's really known for is turning around Tesco,

0:00:54.000 --> 0:00:56.480
<v Speaker 4>where he was CEO as well. So he managed to

0:00:56.520 --> 0:00:58.840
<v Speaker 4>run things around after an accounting a scandal that had

0:00:58.880 --> 0:01:01.760
<v Speaker 4>sent the Chez undrink for Tesco, and he managed to

0:01:02.160 --> 0:01:04.399
<v Speaker 4>boost profit and sales, and he earned the nickname of

0:01:04.480 --> 0:01:08.399
<v Speaker 4>Drastic Dave for his program of job cuts and store closures.

0:01:08.400 --> 0:01:10.759
<v Speaker 4>So we'll see if he does the same at Dare

0:01:10.880 --> 0:01:13.360
<v Speaker 4>Joe and This have said that the appointment was a

0:01:13.360 --> 0:01:16.520
<v Speaker 4>good move and noted that it brings the uncertainty over

0:01:16.560 --> 0:01:19.959
<v Speaker 4>that leadership transition at the company to an end. So

0:01:20.080 --> 0:01:22.840
<v Speaker 4>Lewis will now need to reset targets and figure out

0:01:22.840 --> 0:01:25.920
<v Speaker 4>a way of out of the slowdown in that drink's market.

0:01:26.040 --> 0:01:28.680
<v Speaker 4>Of course, Dado has not been doing very well recently.

0:01:28.720 --> 0:01:32.520
<v Speaker 4>The shares are down about thirty percent over the last year,

0:01:32.680 --> 0:01:35.080
<v Speaker 4>and it lowered its outlook just last week, noting a

0:01:35.080 --> 0:01:37.480
<v Speaker 4>lot of weakness in the US in China. But it

0:01:37.480 --> 0:01:40.840
<v Speaker 4>seems to investors are confident that Lewis can maybe turn

0:01:40.920 --> 0:01:43.600
<v Speaker 4>things around and revive the fortunes of jad Joe and in.

0:01:43.560 --> 0:01:47.880
<v Speaker 1>The pharmacols pharmaceutical space at Chloe. This incredible kind of

0:01:47.960 --> 0:01:51.880
<v Speaker 1>runoff between Nova and Orders. Can Pfizer bidding for a

0:01:51.880 --> 0:01:55.240
<v Speaker 1>weight loss drugs company met Sarah and it seems like

0:01:55.520 --> 0:01:57.720
<v Speaker 1>Nova and Ores a square they've thrown. They They've kind

0:01:57.720 --> 0:01:59.600
<v Speaker 1>of thrown the towel in and so Fizer, we're going

0:01:59.600 --> 0:02:01.000
<v Speaker 1>to go ahead with this one of the details.

0:02:01.120 --> 0:02:03.400
<v Speaker 4>Yeah, So investors are actually quite happy that Nova will

0:02:03.440 --> 0:02:06.160
<v Speaker 4>not be purchasing with Sarah. So shares rose for and

0:02:06.200 --> 0:02:09.280
<v Speaker 4>overdoorders this morning after it withdrew over the weekend. It's

0:02:09.320 --> 0:02:12.840
<v Speaker 4>ten billion dollar offer for mid Sarah the AVCT startup.

0:02:13.120 --> 0:02:15.880
<v Speaker 4>So that means that Pfizer will now be buying the company.

0:02:15.919 --> 0:02:19.240
<v Speaker 4>So that's the end of quite an interesting takeover battle

0:02:19.840 --> 0:02:22.480
<v Speaker 4>that has been that has been followed really closely by

0:02:22.520 --> 0:02:25.359
<v Speaker 4>the market over the last few weeks, and it seems

0:02:25.360 --> 0:02:27.880
<v Speaker 4>that investors are not seeing this as a setback for

0:02:27.919 --> 0:02:30.960
<v Speaker 4>an Overnordics, but more over walking away from something that

0:02:31.040 --> 0:02:33.320
<v Speaker 4>might have been quite difficult to pull off. Maybe, so

0:02:33.360 --> 0:02:36.280
<v Speaker 4>there were concerns around overpaying as the take of a

0:02:36.280 --> 0:02:39.600
<v Speaker 4>battle really intensified last week. And then Metzarah had also

0:02:39.680 --> 0:02:41.760
<v Speaker 4>said that it got a call from the us A

0:02:41.800 --> 0:02:45.200
<v Speaker 4>Federal Trade Commission saying that there were potential regulatory risk

0:02:45.480 --> 0:02:48.119
<v Speaker 4>with the deal structure that was proposed by an over Nordisks.

0:02:48.160 --> 0:02:51.760
<v Speaker 4>So because of those price concerns, those regulatory concerns, potential

0:02:51.760 --> 0:02:55.079
<v Speaker 4>antitrust concerns as well, that withdraw is actually being welcome

0:02:55.160 --> 0:02:58.120
<v Speaker 4>with a sense of relief by no Over Nordisk investors.

0:02:58.960 --> 0:03:03.680
<v Speaker 3>Interesting and then lastly on Zeman's Energy, what's been of

0:03:03.800 --> 0:03:04.560
<v Speaker 3>note today?

0:03:04.919 --> 0:03:07.440
<v Speaker 4>Yeah, it was a race to buy at Jeffries in

0:03:07.520 --> 0:03:10.360
<v Speaker 4>so that that led the shares a higher this morning.

0:03:10.480 --> 0:03:13.600
<v Speaker 4>So and Jeffreys analyst said that the shares were significantly

0:03:13.680 --> 0:03:16.919
<v Speaker 4>undervalued and that is despite them more than doubling since

0:03:16.960 --> 0:03:19.079
<v Speaker 4>the start of the year. And they said that the

0:03:19.160 --> 0:03:22.440
<v Speaker 4>portfolio from Semens Energy addresses all of the main challenges

0:03:22.800 --> 0:03:24.880
<v Speaker 4>that we have got in the energy sector, which means

0:03:24.919 --> 0:03:28.200
<v Speaker 4>that it should continue to see really high demands. So

0:03:28.280 --> 0:03:31.240
<v Speaker 4>there's been a real increase in grid investments, in power

0:03:31.280 --> 0:03:34.440
<v Speaker 4>generation investments and that has meant a lot more orders

0:03:34.480 --> 0:03:38.080
<v Speaker 4>and record backlogs for Semens Energy, and analysts expect this

0:03:38.200 --> 0:03:41.320
<v Speaker 4>to continue into twenty twenty six. Just last week we

0:03:41.360 --> 0:03:44.520
<v Speaker 4>had Morgan Stanley analysts also increasing their price target for

0:03:44.560 --> 0:03:47.320
<v Speaker 4>the company, saying the order backlog was in really good shape.

0:03:47.360 --> 0:03:49.400
<v Speaker 4>So things are looking great for Semen's Energy.

0:03:50.800 --> 0:03:54.840
<v Speaker 2>The Stock Mover's Report from Bloomberg Radio. Check back with

0:03:54.920 --> 0:03:57.520
<v Speaker 2>us throughout the day for the latest roundup of companies

0:03:57.560 --> 0:04:00.680
<v Speaker 2>making news on Wall Street and for the SATIS market

0:04:00.720 --> 0:04:05.160
<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube,

0:04:05.280 --> 0:04:08.760
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:04:08.840 --> 0:04:10.320
<v Speaker 2>the Bloomberg Business app.