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 00:00:16,600 --> 00:00:17,040 Speaker 1: Let's take a. 5 00:00:17,040 --> 00:00:18,520 Speaker 3: Look at some of the stocks on the move today 6 00:00:18,560 --> 00:00:20,960 Speaker 3: in Europe. I'm Lozi Birden with Stephen Carroll and we're 7 00:00:21,040 --> 00:00:23,560 Speaker 3: joined by Bremberg's breaking news editor Louise Moon. 8 00:00:23,680 --> 00:00:26,080 Speaker 1: Louise, I want to start with Ericson climbing this morning. 9 00:00:26,079 --> 00:00:26,759 Speaker 1: What's the story? 10 00:00:26,920 --> 00:00:30,000 Speaker 4: Yeah, so Ericson obviously the Swedish telecoms groups their shares 11 00:00:30,040 --> 00:00:32,360 Speaker 4: what up lastomo I looked over thirteen percent. That's the 12 00:00:32,360 --> 00:00:35,440 Speaker 4: most since April, back to levels last scene in February. 13 00:00:35,800 --> 00:00:37,240 Speaker 1: That's after their third quarter results. 14 00:00:37,280 --> 00:00:40,640 Speaker 4: Essentially, they beat estimates across the board, and analysts are 15 00:00:40,640 --> 00:00:44,159 Speaker 4: saying that they're impressed by what they're calling robust profitability 16 00:00:44,400 --> 00:00:48,000 Speaker 4: and they particularly note the good margins. Essentially that Ericson 17 00:00:48,120 --> 00:00:50,879 Speaker 4: is operating well in what is quite a tough environment 18 00:00:51,080 --> 00:00:53,800 Speaker 4: at the moment in the telecom space. So that follows 19 00:00:53,840 --> 00:00:56,240 Speaker 4: work that they've been doing on cutting costs. They've been 20 00:00:56,240 --> 00:00:59,000 Speaker 4: really focusing on that and also on kind of operational 21 00:00:59,000 --> 00:01:02,640 Speaker 4: efficiencies to really help their margins, and analysts are saying 22 00:01:02,800 --> 00:01:04,840 Speaker 4: that more of this is going to be needed to 23 00:01:04,920 --> 00:01:10,760 Speaker 4: maintain that, to maintain those good gross margins. It has 24 00:01:10,800 --> 00:01:13,080 Speaker 4: to be noted that they are also saying, you know, 25 00:01:13,120 --> 00:01:16,039 Speaker 4: the market still remains tough and that the goal is 26 00:01:16,120 --> 00:01:19,039 Speaker 4: kind of stable revenue rather than growth at the moment, 27 00:01:19,080 --> 00:01:22,720 Speaker 4: but it's executing very strongly in that wider environment. 28 00:01:22,760 --> 00:01:25,640 Speaker 1: So shares higher on that this morning. Yeah, fourteen percent 29 00:01:25,760 --> 00:01:28,200 Speaker 1: Hire and stock Holm at the moment. Let's turn next 30 00:01:28,440 --> 00:01:31,959 Speaker 1: to the housebuilder Belway. What have we learned from them? 31 00:01:32,360 --> 00:01:35,200 Speaker 4: So an interesting update from them this morning. The main 32 00:01:35,240 --> 00:01:37,600 Speaker 4: thing that's really being focused on is their one hundred 33 00:01:37,600 --> 00:01:41,560 Speaker 4: and fifty million pound share buyback and they're saying that 34 00:01:41,760 --> 00:01:44,280 Speaker 4: was that that came about because of their they what 35 00:01:44,319 --> 00:01:47,319 Speaker 4: they're calling their balance sheet efficiency. So shares a higher 36 00:01:47,360 --> 00:01:50,360 Speaker 4: on that, recouping some recent losses. They're hitting levels now 37 00:01:50,400 --> 00:01:54,720 Speaker 4: last seen in July and meaning that the gains so 38 00:01:54,840 --> 00:01:57,240 Speaker 4: far this year, it's performing a lot better than it 39 00:01:57,320 --> 00:01:59,720 Speaker 4: was last year. That the house build of Belway. This 40 00:01:59,880 --> 00:02:03,680 Speaker 4: is all despite they also noticed quite a few challenges 41 00:02:03,680 --> 00:02:06,720 Speaker 4: in their updates. They spoke of summer demand being hit 42 00:02:06,840 --> 00:02:10,799 Speaker 4: by both affordability constraints in the UK and also concerned 43 00:02:10,840 --> 00:02:14,440 Speaker 4: about concerns around the budget and potential tax hikes there, 44 00:02:14,960 --> 00:02:18,160 Speaker 4: and also said that trading recently has been weak as 45 00:02:18,160 --> 00:02:21,600 Speaker 4: well as summer, so that's continuing to more recent trading, 46 00:02:21,880 --> 00:02:25,000 Speaker 4: and they warned that they need a supportive environment from 47 00:02:25,040 --> 00:02:27,720 Speaker 4: the government for house builders to increase outputs. So quite 48 00:02:27,720 --> 00:02:30,760 Speaker 4: a lot of warnings and trading relatively weak, but this 49 00:02:30,960 --> 00:02:32,760 Speaker 4: share buyback is what's really been focused on. 50 00:02:33,000 --> 00:02:35,720 Speaker 3: Finally, Louise fever Tree another jump talk to us about 51 00:02:35,880 --> 00:02:37,800 Speaker 3: the latest analyst verdict on that them. 52 00:02:37,960 --> 00:02:39,120 Speaker 1: Yes, this is from Jeffreys. 53 00:02:39,320 --> 00:02:42,280 Speaker 4: Jeffries has upgraded fever Tree from a hold to a 54 00:02:42,400 --> 00:02:46,359 Speaker 4: buy and heights their target price, calling them a more 55 00:02:46,360 --> 00:02:50,960 Speaker 4: refreshing growth stories. They're predicting better margins, higher cash returns 56 00:02:50,960 --> 00:02:54,800 Speaker 4: going forward, saying that they were really focusing on the 57 00:02:54,800 --> 00:02:57,720 Speaker 4: recent deal between fever Tree and Cores in the US 58 00:02:58,080 --> 00:03:00,760 Speaker 4: and saying that this will deliver bigger scale and capability 59 00:03:00,760 --> 00:03:02,919 Speaker 4: in the US, it will de risk the supply chain, 60 00:03:03,639 --> 00:03:06,480 Speaker 4: and they also noted that fever Tree's marketings vendors at 61 00:03:06,600 --> 00:03:08,600 Speaker 4: double that will boost their awareness. 62 00:03:09,040 --> 00:03:10,760 Speaker 1: So that's pushing shares high this morning. 63 00:03:11,280 --> 00:03:14,200 Speaker 4: It takes their overall analyst ratings, they've got three buys, 64 00:03:14,639 --> 00:03:17,320 Speaker 4: nine holes, and three cells. Who's still quite mixed, but 65 00:03:17,720 --> 00:03:21,959 Speaker 4: an added hold now from Jeffreys. 66 00:03:23,440 --> 00:03:27,359 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 67 00:03:27,520 --> 00:03:30,079 Speaker 2: us throughout the day for the latest roundup of companies 68 00:03:30,160 --> 00:03:33,200 Speaker 2: making news on Wall Street and for the latest market 69 00:03:33,320 --> 00:03:37,760 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:37,880 --> 00:03:41,320 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:41,440 --> 00:03:42,839 Speaker 2: the Bloomberg Business app.