Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's have a look at some of the socks on
Speaker 3: the move today here in Europe. I'm Caroline hep Get
Speaker 3: alongside Tom McKenzie, and we're joined by Bloomberg reporter Chloe Malay.
Speaker 3: Good morning, Chloe, So let's talk about the British drinks
Speaker 3: maker Diaggio. Looks like investors are very pleased with the
Speaker 3: announcement of a new CEO. I suppose he's got experience
Speaker 3: filling the shelves with Johnny Walker bottles, doesn't he.
Speaker 4: Yeah, absolutely, So the chars are up quite a lot
Speaker 4: this morning because investors seems to be really keen on
Speaker 4: this new CEO, Dave Lewis, who has, as you said,
Speaker 4: really extensive retail experience and a strong a track record.
Speaker 4: So he was at UNILEVERA for a really long while.
Speaker 4: But what he's really known for is turning around Tesco,
Speaker 4: where he was CEO as well. So he managed to
Speaker 4: run things around after an accounting a scandal that had
Speaker 4: sent the Chez undrink for Tesco, and he managed to
Speaker 4: boost profit and sales, and he earned the nickname of
Speaker 4: Drastic Dave for his program of job cuts and store closures.
Speaker 4: So we'll see if he does the same at Dare
Speaker 4: Joe and This have said that the appointment was a
Speaker 4: good move and noted that it brings the uncertainty over
Speaker 4: that leadership transition at the company to an end. So
Speaker 4: Lewis will now need to reset targets and figure out
Speaker 4: a way of out of the slowdown in that drink's market.
Speaker 4: Of course, Dado has not been doing very well recently.
Speaker 4: The shares are down about thirty percent over the last year,
Speaker 4: and it lowered its outlook just last week, noting a
Speaker 4: lot of weakness in the US in China. But it
Speaker 4: seems to investors are confident that Lewis can maybe turn
Speaker 4: things around and revive the fortunes of jad Joe and in.
Speaker 1: The pharmacols pharmaceutical space at Chloe. This incredible kind of
Speaker 1: runoff between Nova and Orders. Can Pfizer bidding for a
Speaker 1: weight loss drugs company met Sarah and it seems like
Speaker 1: Nova and Ores a square they've thrown. They They've kind
Speaker 1: of thrown the towel in and so Fizer, we're going
Speaker 1: to go ahead with this one of the details.
Speaker 4: Yeah, So investors are actually quite happy that Nova will
Speaker 4: not be purchasing with Sarah. So shares rose for and
Speaker 4: overdoorders this morning after it withdrew over the weekend. It's
Speaker 4: ten billion dollar offer for mid Sarah the AVCT startup.
Speaker 4: So that means that Pfizer will now be buying the company.
Speaker 4: So that's the end of quite an interesting takeover battle
Speaker 4: that has been that has been followed really closely by
Speaker 4: the market over the last few weeks, and it seems
Speaker 4: that investors are not seeing this as a setback for
Speaker 4: an Overnordics, but more over walking away from something that
Speaker 4: might have been quite difficult to pull off. Maybe, so
Speaker 4: there were concerns around overpaying as the take of a
Speaker 4: battle really intensified last week. And then Metzarah had also
Speaker 4: said that it got a call from the us A
Speaker 4: Federal Trade Commission saying that there were potential regulatory risk
Speaker 4: with the deal structure that was proposed by an over Nordisks.
Speaker 4: So because of those price concerns, those regulatory concerns, potential
Speaker 4: antitrust concerns as well, that withdraw is actually being welcome
Speaker 4: with a sense of relief by no Over Nordisk investors.
Speaker 3: Interesting and then lastly on Zeman's Energy, what's been of
Speaker 3: note today?
Speaker 4: Yeah, it was a race to buy at Jeffries in
Speaker 4: so that that led the shares a higher this morning.
Speaker 4: So and Jeffreys analyst said that the shares were significantly
Speaker 4: undervalued and that is despite them more than doubling since
Speaker 4: the start of the year. And they said that the
Speaker 4: portfolio from Semens Energy addresses all of the main challenges
Speaker 4: that we have got in the energy sector, which means
Speaker 4: that it should continue to see really high demands. So
Speaker 4: there's been a real increase in grid investments, in power
Speaker 4: generation investments and that has meant a lot more orders
Speaker 4: and record backlogs for Semens Energy, and analysts expect this
Speaker 4: to continue into twenty twenty six. Just last week we
Speaker 4: had Morgan Stanley analysts also increasing their price target for
Speaker 4: the company, saying the order backlog was in really good shape.
Speaker 4: So things are looking great for Semen's Energy.
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