1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 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 00:00:17,440 --> 00:00:19,280 Speaker 3: Now, let's have a look at some of the stocks 5 00:00:19,280 --> 00:00:21,480 Speaker 3: on the move today here in Europe. I'm Caroline Hercutt 6 00:00:21,480 --> 00:00:25,320 Speaker 3: alongside Tom McKenzie, which join Babloomberg's Equities for Porta show Eastern. Hi, 7 00:00:25,440 --> 00:00:28,720 Speaker 3: Joe Babcock not being defensive when it comes to share buybacks. 8 00:00:28,800 --> 00:00:30,200 Speaker 3: What's going on with their share price? 9 00:00:30,560 --> 00:00:33,159 Speaker 1: Yeah, so Babcock, we're up twelve percent of that one. 10 00:00:33,200 --> 00:00:36,400 Speaker 4: So it's really on theme of the NATO summit going 11 00:00:36,400 --> 00:00:38,879 Speaker 4: on of course over in the Hay getting around all 12 00:00:38,920 --> 00:00:41,239 Speaker 4: the focus on where their countries are going to push 13 00:00:41,320 --> 00:00:43,159 Speaker 4: up their defense spending. On the same day, we've got 14 00:00:43,240 --> 00:00:45,879 Speaker 4: numbers out of Babcock. Now, this is the company that 15 00:00:46,080 --> 00:00:48,360 Speaker 4: makes a lot of the navy ships for the UK. 16 00:00:48,880 --> 00:00:51,760 Speaker 4: Also have a bit of US exposure as well. Now 17 00:00:51,760 --> 00:00:54,480 Speaker 4: they are saying they're going to return around two hundred 18 00:00:54,600 --> 00:00:57,720 Speaker 4: million quid back to the shareholders and also lift the 19 00:00:57,760 --> 00:01:01,720 Speaker 4: dividend by thirty percent as well. This is really an 20 00:01:01,760 --> 00:01:04,720 Speaker 4: indication of all of these defense companies is getting a 21 00:01:04,760 --> 00:01:07,880 Speaker 4: massive boost to their orders, not just this year, but over. 22 00:01:07,720 --> 00:01:08,720 Speaker 1: The past couple of years. 23 00:01:08,720 --> 00:01:12,080 Speaker 4: Badcock recently joined the foot see one hundred as well. Again, 24 00:01:12,120 --> 00:01:14,840 Speaker 4: it's just kind of an indication of how defense is 25 00:01:14,920 --> 00:01:18,319 Speaker 4: really on vogue at the moment. So Badcock soaring today 26 00:01:18,400 --> 00:01:21,119 Speaker 4: by far the best performer on the stock six hundred 27 00:01:21,160 --> 00:01:24,959 Speaker 4: as they return more cash showholders and beat across all 28 00:01:24,959 --> 00:01:26,560 Speaker 4: of their ownings lines today. 29 00:01:26,319 --> 00:01:29,880 Speaker 1: And Joe Worldline shares halted this morning. What's happening there? 30 00:01:30,360 --> 00:01:32,520 Speaker 1: So Worldline this looks like a bit of a messy one. 31 00:01:32,520 --> 00:01:36,560 Speaker 4: So there are headlines out around the company potentially in 32 00:01:36,600 --> 00:01:39,200 Speaker 4: a bit of a storm around compliance with some of 33 00:01:39,240 --> 00:01:43,479 Speaker 4: its accounting regulations. Now, this is a company that isn't 34 00:01:43,600 --> 00:01:46,240 Speaker 4: actually afraid of a. 35 00:01:46,240 --> 00:01:48,240 Speaker 1: Bit of a bit of controversy. 36 00:01:48,280 --> 00:01:50,600 Speaker 4: There was some controversy a few years ago around there 37 00:01:50,600 --> 00:01:52,840 Speaker 4: accounting and around a short report, that kind of thing. 38 00:01:52,840 --> 00:01:55,440 Speaker 4: But the company today actually saying in a statement that 39 00:01:55,520 --> 00:02:00,000 Speaker 4: they are complying with the regulation. I'm just trying to 40 00:02:00,160 --> 00:02:01,880 Speaker 4: be a bit careful on what they're saying. They are 41 00:02:01,960 --> 00:02:05,480 Speaker 4: trying to stick to the regulation and also not risk 42 00:02:05,720 --> 00:02:08,320 Speaker 4: to breach some of these regulations. So essentially they are 43 00:02:08,360 --> 00:02:10,880 Speaker 4: complying for the stock. I'm just saying it's down twenty 44 00:02:10,919 --> 00:02:12,880 Speaker 4: percent of the moment. It was in a hole. It's 45 00:02:13,000 --> 00:02:16,280 Speaker 4: just reopened and now down twenty percent. Over in Paris 46 00:02:16,280 --> 00:02:17,640 Speaker 4: this morning we. 47 00:02:17,720 --> 00:02:22,239 Speaker 3: Had out the car registration numbers for the last month, 48 00:02:22,280 --> 00:02:25,600 Speaker 3: and we've also got Stilantis they have the vote of 49 00:02:25,639 --> 00:02:26,919 Speaker 3: confidence of analysts. 50 00:02:27,360 --> 00:02:29,839 Speaker 4: Yeah, so Stillante is getting an upgrade today. This over 51 00:02:29,880 --> 00:02:32,600 Speaker 4: at Jeffries. Now, as you say, we do have strong 52 00:02:32,720 --> 00:02:36,520 Speaker 4: data out from the European Union. Car registration has looked 53 00:02:36,560 --> 00:02:38,480 Speaker 4: a little bit better than expected. But Jeffrey is saying 54 00:02:38,480 --> 00:02:42,560 Speaker 4: stillant Is specifically is gaining market share as some of 55 00:02:42,600 --> 00:02:44,640 Speaker 4: its new models do a bit better in Europe. 56 00:02:44,720 --> 00:02:46,320 Speaker 1: Also, there was a lot of. 57 00:02:46,320 --> 00:02:48,800 Speaker 4: De stocking that went on over in the US. They 58 00:02:48,800 --> 00:02:51,440 Speaker 4: had too much inventory there. So they upgrade this doc 59 00:02:51,560 --> 00:02:54,320 Speaker 4: to buy, give it an eleven euro and fifty price target, 60 00:02:54,639 --> 00:02:56,600 Speaker 4: and we are up around four percent on that one today. 61 00:02:56,680 --> 00:02:59,160 Speaker 1: One of the best performers on the European market. 62 00:03:00,280 --> 00:03:04,639 Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us 63 00:03:04,639 --> 00:03:07,600 Speaker 2: throughout the day for the latest roundup of companies making 64 00:03:07,639 --> 00:03:11,240 Speaker 2: news on Wall Street and for the latest market moving headlines. 65 00:03:11,400 --> 00:03:15,320 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 66 00:03:15,360 --> 00:03:18,160 Speaker 2: dot com, and on Applecarplay and Android Auto with the 67 00:03:18,200 --> 00:03:19,560 Speaker 2: Bloomberg Business app.