1 00:00:00,080 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,119 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market harnessing the power of Bloomberg Data. 4 00:00:18,079 --> 00:00:19,720 Speaker 3: Now, let's have a look at some of the stocks 5 00:00:19,760 --> 00:00:22,439 Speaker 3: on the move today in Europe. I'm Caroline Hepka, joined 6 00:00:22,440 --> 00:00:25,800 Speaker 3: by Bluebag's Equity supported Joe Eastern. Joe, good morning. Let's 7 00:00:25,880 --> 00:00:29,120 Speaker 3: kick things off with Diagio. They're considering options for their 8 00:00:29,160 --> 00:00:32,919 Speaker 3: steak in an Indian cricket team. How are investors reacting 9 00:00:32,960 --> 00:00:33,239 Speaker 3: to that? 10 00:00:33,840 --> 00:00:34,880 Speaker 2: Yes, this is story. 11 00:00:34,920 --> 00:00:38,040 Speaker 1: Absolutely love anytime we can get sport into the movers 12 00:00:38,080 --> 00:00:40,519 Speaker 1: and then throwing beer as well into the mix. The 13 00:00:40,600 --> 00:00:43,760 Speaker 1: ginness Makert Diajo so said to sell or said to 14 00:00:43,920 --> 00:00:47,800 Speaker 1: mull options for its Indian cricket team steaks, So considering 15 00:00:47,840 --> 00:00:51,360 Speaker 1: potentially even selling that. This is the Indian Premier League 16 00:00:51,360 --> 00:00:56,240 Speaker 1: cricket rule franchise called the Royal Challengers Bengalaru. I'm getting 17 00:00:56,280 --> 00:00:59,080 Speaker 1: way too excited about this story, as you can tell. Now, 18 00:00:59,400 --> 00:01:01,160 Speaker 1: you would think that would be quite small, but in 19 00:01:01,160 --> 00:01:04,480 Speaker 1: fact it has a two billion dollar evaluation, which is 20 00:01:04,560 --> 00:01:07,760 Speaker 1: much bigger than I would have expected to see that. 21 00:01:07,880 --> 00:01:10,800 Speaker 1: So that is actually lifting theadjo stock. We're up around 22 00:01:10,880 --> 00:01:14,360 Speaker 1: one point eight percent on the London market for DG 23 00:01:14,760 --> 00:01:16,760 Speaker 1: at the moment. There is actually a comment out on 24 00:01:16,800 --> 00:01:20,720 Speaker 1: this from Bloomberg Intelligence analysts saying that this could actually 25 00:01:20,760 --> 00:01:25,240 Speaker 1: help the ad Joe reduce its leverage pretty significantly. So 26 00:01:25,280 --> 00:01:27,480 Speaker 1: they've got way too much debt at the moment and 27 00:01:27,520 --> 00:01:30,679 Speaker 1: also facing a bit of a struggling declining market partly 28 00:01:30,720 --> 00:01:33,560 Speaker 1: due to tariffs and also a bit of overstocking on 29 00:01:33,600 --> 00:01:36,200 Speaker 1: some of their products. The Guinness maker gaining on that 30 00:01:36,240 --> 00:01:37,040 Speaker 1: cricket news. 31 00:01:37,040 --> 00:01:40,840 Speaker 3: Okay, is this is it the T twenty that they 32 00:01:40,880 --> 00:01:44,080 Speaker 3: are behind. I know nothing about cricket, although yeah, perhaps 33 00:01:44,160 --> 00:01:46,520 Speaker 3: I'll watch some of it here we are mid cricket 34 00:01:46,520 --> 00:01:47,440 Speaker 3: season right now. 35 00:01:47,960 --> 00:01:51,520 Speaker 1: Yeah, any any kind of input from me on cricket 36 00:01:51,680 --> 00:01:52,360 Speaker 1: is going to justice. 37 00:01:52,560 --> 00:01:56,560 Speaker 3: I know you are. I know you. I thought you 38 00:01:56,600 --> 00:01:57,840 Speaker 3: would stretch cricket. 39 00:01:57,800 --> 00:01:58,480 Speaker 2: In a story. 40 00:01:58,520 --> 00:02:01,640 Speaker 1: We have this important news as the club recently won 41 00:02:01,720 --> 00:02:04,360 Speaker 1: the IPL for the first time and their biggest star 42 00:02:04,520 --> 00:02:07,320 Speaker 1: is Virat Coli, who has one of the largest social 43 00:02:07,360 --> 00:02:10,519 Speaker 1: media followings in the world. So maybe that's why it 44 00:02:10,680 --> 00:02:13,480 Speaker 1: worth two billion dollars. Yeah, I should know him, got it? 45 00:02:13,960 --> 00:02:18,360 Speaker 3: Financial sector ubs is declining today? What was the catalyst there? 46 00:02:18,400 --> 00:02:23,120 Speaker 3: Also the overall financial and banking services sectors amid the 47 00:02:23,160 --> 00:02:26,040 Speaker 3: European market, they are seeing the biggest declines today. 48 00:02:26,480 --> 00:02:30,120 Speaker 1: Yes, so UBS specifically took a UBSG this one down 49 00:02:30,240 --> 00:02:33,440 Speaker 1: seven point four percent at the moment. Now, that is 50 00:02:33,480 --> 00:02:36,320 Speaker 1: the biggest drop in two months, and of raising a 51 00:02:36,320 --> 00:02:38,320 Speaker 1: big jump that we saw on Friday. So on Friday, 52 00:02:38,639 --> 00:02:41,240 Speaker 1: the Swiss government came and proposed new rules for the 53 00:02:41,320 --> 00:02:44,359 Speaker 1: company following that big merger that they did with Credit 54 00:02:44,360 --> 00:02:46,400 Speaker 1: Swiss or the takeover of Credit Swiss a couple of 55 00:02:46,480 --> 00:02:49,760 Speaker 1: years ago. Now, the Swiss government said that they'll potentially 56 00:02:49,800 --> 00:02:52,760 Speaker 1: have to hold around twenty six billion dollars in fresh 57 00:02:52,800 --> 00:02:55,840 Speaker 1: capital on their books. That was seen by some as 58 00:02:55,880 --> 00:02:59,560 Speaker 1: better than expected, but today analysts are actually changing their 59 00:02:59,560 --> 00:03:02,320 Speaker 1: tuner bit saying that having to keep all this money 60 00:03:02,360 --> 00:03:07,440 Speaker 1: on the sidelines may actually impact their competitiveness among the peers. 61 00:03:07,520 --> 00:03:11,000 Speaker 1: The stock is dropping. Switzerland was closed yesterday for a holiday, 62 00:03:11,240 --> 00:03:13,799 Speaker 1: so it's kind of catching up actually raising all of 63 00:03:13,840 --> 00:03:16,440 Speaker 1: the game we saw last time it traded on Friday 64 00:03:16,680 --> 00:03:18,919 Speaker 1: and is actually down around four percent on a two 65 00:03:18,960 --> 00:03:19,560 Speaker 1: day basis. 66 00:03:19,680 --> 00:03:23,279 Speaker 3: Okay, so that's UBS, and we also have the ozepic 67 00:03:23,360 --> 00:03:27,920 Speaker 3: maker Nova Nordisk, which could face an unexpected influence tell 68 00:03:28,000 --> 00:03:28,400 Speaker 3: us more. 69 00:03:28,760 --> 00:03:32,840 Speaker 1: Yeah, so this is an interesting one. Parts asset management. Now, 70 00:03:32,960 --> 00:03:35,840 Speaker 1: this is a hedge fund or an activist fund that 71 00:03:36,040 --> 00:03:39,440 Speaker 1: is based in the UK, so it's based here in London. 72 00:03:39,760 --> 00:03:43,640 Speaker 1: Announcing or said to hold at least to a stake 73 00:03:43,720 --> 00:03:46,200 Speaker 1: in Novo Nordice that we didn't know it has. Now 74 00:03:46,440 --> 00:03:48,520 Speaker 1: it's probably going to be less than five percent in 75 00:03:48,600 --> 00:03:51,440 Speaker 1: terms of the holding because it hasn't been officially disclosed. 76 00:03:51,440 --> 00:03:54,280 Speaker 1: But these activists tend to be pretty influential. And the 77 00:03:54,320 --> 00:03:58,520 Speaker 1: Financial Times reporting that the company is looking to have 78 00:03:58,640 --> 00:04:00,760 Speaker 1: a say on who they appoint at their new chief 79 00:04:00,760 --> 00:04:05,000 Speaker 1: executive officer. So we know that Lars Througard Horgensen is 80 00:04:05,040 --> 00:04:07,640 Speaker 1: going to stand down in what was a stunning move 81 00:04:08,040 --> 00:04:12,160 Speaker 1: for the Oazamica Wigovi maker. Potentially PAVs looking to have 82 00:04:12,240 --> 00:04:14,920 Speaker 1: an influence on who they appoint stop getting a bit 83 00:04:14,920 --> 00:04:18,440 Speaker 1: of a boost. Novob is up around three percent in 84 00:04:18,520 --> 00:04:19,840 Speaker 1: Copenhagen this morning. Yeah. 85 00:04:19,839 --> 00:04:24,039 Speaker 3: Absolutely no immediate response either from Parvis when they were 86 00:04:24,200 --> 00:04:27,640 Speaker 3: asked or requested to comment on this report. As you 87 00:04:27,680 --> 00:04:31,680 Speaker 3: say that originally emerged in the ft Thank you so 88 00:04:31,800 --> 00:04:34,120 Speaker 3: much for being with me this morning. Joe Eason is 89 00:04:34,120 --> 00:04:38,200 Speaker 3: Bloomberg's Equities with Porto Grade to speak to you. 90 00:04:37,920 --> 00:04:42,040 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 91 00:04:42,120 --> 00:04:44,880 Speaker 2: us throughout the day for the latest roundup of companies 92 00:04:44,920 --> 00:04:47,960 Speaker 2: making news on Wall Street and for the latest market 93 00:04:48,000 --> 00:04:52,359 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 94 00:04:52,400 --> 00:04:55,680 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Otto with 95 00:04:55,720 --> 00:04:57,200 Speaker 2: the Bloomberg Business app.