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 1: Let's take a.
Speaker 3: Look at some of the stocks on the move today
Speaker 3: in Europe. I'm Lozi Birden with Stephen Carroll and we're
Speaker 3: joined by Bremberg's breaking news editor Louise Moon.
Speaker 1: Louise, I want to start with Ericson climbing this morning.
Speaker 1: What's the story?
Speaker 4: Yeah, so Ericson obviously the Swedish telecoms groups their shares
Speaker 4: what up lastomo I looked over thirteen percent. That's the
Speaker 4: most since April, back to levels last scene in February.
Speaker 1: That's after their third quarter results.
Speaker 4: Essentially, they beat estimates across the board, and analysts are
Speaker 4: saying that they're impressed by what they're calling robust profitability
Speaker 4: and they particularly note the good margins. Essentially that Ericson
Speaker 4: is operating well in what is quite a tough environment
Speaker 4: at the moment in the telecom space. So that follows
Speaker 4: work that they've been doing on cutting costs. They've been
Speaker 4: really focusing on that and also on kind of operational
Speaker 4: efficiencies to really help their margins, and analysts are saying
Speaker 4: that more of this is going to be needed to
Speaker 4: maintain that, to maintain those good gross margins. It has
Speaker 4: to be noted that they are also saying, you know,
Speaker 4: the market still remains tough and that the goal is
Speaker 4: kind of stable revenue rather than growth at the moment,
Speaker 4: but it's executing very strongly in that wider environment.
Speaker 1: So shares higher on that this morning. Yeah, fourteen percent
Speaker 1: Hire and stock Holm at the moment. Let's turn next
Speaker 1: to the housebuilder Belway. What have we learned from them?
Speaker 4: So an interesting update from them this morning. The main
Speaker 4: thing that's really being focused on is their one hundred
Speaker 4: and fifty million pound share buyback and they're saying that
Speaker 4: was that that came about because of their they what
Speaker 4: they're calling their balance sheet efficiency. So shares a higher
Speaker 4: on that, recouping some recent losses. They're hitting levels now
Speaker 4: last seen in July and meaning that the gains so
Speaker 4: far this year, it's performing a lot better than it
Speaker 4: was last year. That the house build of Belway. This
Speaker 4: is all despite they also noticed quite a few challenges
Speaker 4: in their updates. They spoke of summer demand being hit
Speaker 4: by both affordability constraints in the UK and also concerned
Speaker 4: about concerns around the budget and potential tax hikes there,
Speaker 4: and also said that trading recently has been weak as
Speaker 4: well as summer, so that's continuing to more recent trading,
Speaker 4: and they warned that they need a supportive environment from
Speaker 4: the government for house builders to increase outputs. So quite
Speaker 4: a lot of warnings and trading relatively weak, but this
Speaker 4: share buyback is what's really been focused on.
Speaker 3: Finally, Louise fever Tree another jump talk to us about
Speaker 3: the latest analyst verdict on that them.
Speaker 1: Yes, this is from Jeffreys.
Speaker 4: Jeffries has upgraded fever Tree from a hold to a
Speaker 4: buy and heights their target price, calling them a more
Speaker 4: refreshing growth stories. They're predicting better margins, higher cash returns
Speaker 4: going forward, saying that they were really focusing on the
Speaker 4: recent deal between fever Tree and Cores in the US
Speaker 4: and saying that this will deliver bigger scale and capability
Speaker 4: in the US, it will de risk the supply chain,
Speaker 4: and they also noted that fever Tree's marketings vendors at
Speaker 4: double that will boost their awareness.
Speaker 1: So that's pushing shares high this morning.
Speaker 4: It takes their overall analyst ratings, they've got three buys,
Speaker 4: nine holes, and three cells. Who's still quite mixed, but
Speaker 4: an added hold now from Jeffreys.
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