WEBVTT - Fevertree Up, Bellway Rises, Ericsson Jumps,

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a.

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<v Speaker 3>Look at some of the stocks on the move today

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<v Speaker 3>in Europe. I'm Lozi Birden with Stephen Carroll and we're

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<v Speaker 3>joined by Bremberg's breaking news editor Louise Moon.

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<v Speaker 1>Louise, I want to start with Ericson climbing this morning.

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<v Speaker 1>What's the story?

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<v Speaker 4>Yeah, so Ericson obviously the Swedish telecoms groups their shares

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<v Speaker 4>what up lastomo I looked over thirteen percent. That's the

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<v Speaker 4>most since April, back to levels last scene in February.

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<v Speaker 1>That's after their third quarter results.

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<v Speaker 4>Essentially, they beat estimates across the board, and analysts are

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<v Speaker 4>saying that they're impressed by what they're calling robust profitability

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<v Speaker 4>and they particularly note the good margins. Essentially that Ericson

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<v Speaker 4>is operating well in what is quite a tough environment

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<v Speaker 4>at the moment in the telecom space. So that follows

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<v Speaker 4>work that they've been doing on cutting costs. They've been

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<v Speaker 4>really focusing on that and also on kind of operational

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<v Speaker 4>efficiencies to really help their margins, and analysts are saying

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<v Speaker 4>that more of this is going to be needed to

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<v Speaker 4>maintain that, to maintain those good gross margins. It has

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<v Speaker 4>to be noted that they are also saying, you know,

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<v Speaker 4>the market still remains tough and that the goal is

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<v Speaker 4>kind of stable revenue rather than growth at the moment,

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<v Speaker 4>but it's executing very strongly in that wider environment.

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<v Speaker 1>So shares higher on that this morning. Yeah, fourteen percent

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<v Speaker 1>Hire and stock Holm at the moment. Let's turn next

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<v Speaker 1>to the housebuilder Belway. What have we learned from them?

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<v Speaker 4>So an interesting update from them this morning. The main

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<v Speaker 4>thing that's really being focused on is their one hundred

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<v Speaker 4>and fifty million pound share buyback and they're saying that

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<v Speaker 4>was that that came about because of their they what

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<v Speaker 4>they're calling their balance sheet efficiency. So shares a higher

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<v Speaker 4>on that, recouping some recent losses. They're hitting levels now

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<v Speaker 4>last seen in July and meaning that the gains so

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<v Speaker 4>far this year, it's performing a lot better than it

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<v Speaker 4>was last year. That the house build of Belway. This

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<v Speaker 4>is all despite they also noticed quite a few challenges

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<v Speaker 4>in their updates. They spoke of summer demand being hit

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<v Speaker 4>by both affordability constraints in the UK and also concerned

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<v Speaker 4>about concerns around the budget and potential tax hikes there,

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<v Speaker 4>and also said that trading recently has been weak as

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<v Speaker 4>well as summer, so that's continuing to more recent trading,

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<v Speaker 4>and they warned that they need a supportive environment from

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<v Speaker 4>the government for house builders to increase outputs. So quite

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<v Speaker 4>a lot of warnings and trading relatively weak, but this

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<v Speaker 4>share buyback is what's really been focused on.

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<v Speaker 3>Finally, Louise fever Tree another jump talk to us about

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<v Speaker 3>the latest analyst verdict on that them.

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<v Speaker 1>Yes, this is from Jeffreys.

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<v Speaker 4>Jeffries has upgraded fever Tree from a hold to a

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<v Speaker 4>buy and heights their target price, calling them a more

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<v Speaker 4>refreshing growth stories. They're predicting better margins, higher cash returns

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<v Speaker 4>going forward, saying that they were really focusing on the

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<v Speaker 4>recent deal between fever Tree and Cores in the US

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<v Speaker 4>and saying that this will deliver bigger scale and capability

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<v Speaker 4>in the US, it will de risk the supply chain,

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<v Speaker 4>and they also noted that fever Tree's marketings vendors at

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<v Speaker 4>double that will boost their awareness.

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<v Speaker 1>So that's pushing shares high this morning.

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<v Speaker 4>It takes their overall analyst ratings, they've got three buys,

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<v Speaker 4>nine holes, and three cells. Who's still quite mixed, but

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<v Speaker 4>an added hold now from Jeffreys.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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