1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,160 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:16,400 --> 00:00:18,960 Speaker 3: Looking at the stocks on the move today here in Europe. 5 00:00:18,960 --> 00:00:22,840 Speaker 3: I'm Caroline Heitcut alongside Bloomberg with Porta Clomba Lake. Good morning, 6 00:00:23,000 --> 00:00:26,560 Speaker 3: Nova Nordice seeing a really big rebound. What's going on? 7 00:00:26,760 --> 00:00:29,280 Speaker 1: Yeah, Neva is getting some relief today. So last week 8 00:00:29,320 --> 00:00:32,200 Speaker 1: we had a really tough week for Novo with some 9 00:00:33,000 --> 00:00:36,080 Speaker 1: forecast that was disappointing. But then also when Hibs and Hers, 10 00:00:36,080 --> 00:00:38,879 Speaker 1: which is a telehealth company in the US, said that 11 00:00:38,960 --> 00:00:41,800 Speaker 1: it would sell a cheaper version of Nova's new weight 12 00:00:41,840 --> 00:00:44,280 Speaker 1: loss pill, and so that really really weighed on the 13 00:00:44,320 --> 00:00:46,720 Speaker 1: shares last week, and that was seen of course as 14 00:00:46,760 --> 00:00:49,160 Speaker 1: a big bloat and over orders, given how much hope 15 00:00:49,159 --> 00:00:52,159 Speaker 1: it was pinning on this new obesity pill. But then 16 00:00:52,360 --> 00:00:55,120 Speaker 1: we had the US Food and Drug Administration saying that 17 00:00:55,160 --> 00:00:57,840 Speaker 1: it would crack down on copycat weight loss drugs, and 18 00:00:57,880 --> 00:01:00,640 Speaker 1: then Hibbs and Hers following that said over the weekend 19 00:01:00,640 --> 00:01:03,680 Speaker 1: that they will actually stop selling those copycat pills after 20 00:01:03,720 --> 00:01:07,160 Speaker 1: that pressure from the regulator. And this is the first 21 00:01:07,200 --> 00:01:09,800 Speaker 1: time that Hymns has stopped selling a knockoff version after 22 00:01:10,160 --> 00:01:13,080 Speaker 1: a company complains, So definitely a big win the scene 23 00:01:13,120 --> 00:01:15,240 Speaker 1: as a big win for Nova Nordics and big relief, 24 00:01:15,840 --> 00:01:18,679 Speaker 1: and it means that now a comeback based on this 25 00:01:18,800 --> 00:01:21,319 Speaker 1: new pill is still very much in the cards. And 26 00:01:21,680 --> 00:01:24,400 Speaker 1: it is still worth noting though that Novo still has 27 00:01:24,440 --> 00:01:27,840 Speaker 1: to contend with competition from Eli Lilly, which is also 28 00:01:27,880 --> 00:01:30,560 Speaker 1: developing a weight loss pill, but the fact that there's 29 00:01:30,600 --> 00:01:33,679 Speaker 1: no longer that competition from this particular set of copycat 30 00:01:33,760 --> 00:01:36,080 Speaker 1: drugs is definitely seen as a positive. 31 00:01:36,800 --> 00:01:39,920 Speaker 3: Yeah. I think Neva Nordisk also had an advert in 32 00:01:39,959 --> 00:01:42,280 Speaker 3: the Super Bowl. I haven't actually watched it. I wonder 33 00:01:42,280 --> 00:01:44,800 Speaker 3: whether you know, maybe it probably wasn't bad Bonnie doing it, 34 00:01:44,880 --> 00:01:50,080 Speaker 3: but apparently, yeah, they had their own advert in Yeah, 35 00:01:50,160 --> 00:01:52,800 Speaker 3: what is a very kind of coveted slot through the 36 00:01:52,880 --> 00:01:57,000 Speaker 3: expensive slot to advertise to Americans. Thought that was interesting, 37 00:01:57,480 --> 00:02:03,000 Speaker 3: right NatWest Here in the UK, making move in wealth management. 38 00:02:03,480 --> 00:02:06,520 Speaker 1: It's agreed to buy the wealth management company Evelyn Partners 39 00:02:06,520 --> 00:02:09,680 Speaker 1: for two point seven billion pounds. So Evelyn was previously 40 00:02:09,680 --> 00:02:12,400 Speaker 1: owned by the private equity firm Permera for about a 41 00:02:12,440 --> 00:02:16,120 Speaker 1: decade and this is now the largest private equity back 42 00:02:16,120 --> 00:02:19,000 Speaker 1: to wealth management exit in UK history. So it's really 43 00:02:19,160 --> 00:02:23,160 Speaker 1: a big acquisition and it's also Network's first major acquisition 44 00:02:23,280 --> 00:02:26,640 Speaker 1: since the UK government sold its remaining stake last year. 45 00:02:27,280 --> 00:02:29,400 Speaker 1: And this is going to be for Networks, part of 46 00:02:29,400 --> 00:02:32,919 Speaker 1: the strategy of trying to gain access to wealthy clients 47 00:02:32,919 --> 00:02:36,000 Speaker 1: in the UK. So the CEO has said previously wants 48 00:02:36,080 --> 00:02:39,800 Speaker 1: to expand in what he considers to be growth areas, 49 00:02:39,840 --> 00:02:42,920 Speaker 1: and so that means going more into things like fee 50 00:02:42,919 --> 00:02:46,640 Speaker 1: based wealth management to try and diversify away from loans 51 00:02:46,840 --> 00:02:49,320 Speaker 1: and mortgages, given that that is going to become a 52 00:02:49,400 --> 00:02:52,600 Speaker 1: much less profitable area as the interest rates are starting 53 00:02:52,639 --> 00:02:56,079 Speaker 1: to come down, and so this is part of that strategy. 54 00:02:56,080 --> 00:02:59,320 Speaker 1: But shares were down in natweths this morning and lists 55 00:02:59,360 --> 00:03:02,480 Speaker 1: have said that that might be because the earnings per 56 00:03:02,560 --> 00:03:04,720 Speaker 1: CHEF and Networks will be taking a little bit of 57 00:03:04,760 --> 00:03:07,600 Speaker 1: a hit from this deal. That will also hurt maybe 58 00:03:07,639 --> 00:03:11,520 Speaker 1: the asset value reduced the possibility of some buybacks and 59 00:03:11,560 --> 00:03:15,359 Speaker 1: so investors are taking it maybe with a little bit 60 00:03:15,400 --> 00:03:17,720 Speaker 1: less enthusiasm than Network said have been expecting. 61 00:03:18,560 --> 00:03:23,480 Speaker 3: Okay, so that on that worst Meanwhile, in Post is 62 00:03:23,840 --> 00:03:27,840 Speaker 3: sending out deal notices who has made this offer because 63 00:03:27,840 --> 00:03:29,040 Speaker 3: a number of names. 64 00:03:28,720 --> 00:03:30,720 Speaker 1: Here, yeah, loads of names. 65 00:03:30,800 --> 00:03:30,960 Speaker 2: Yes. 66 00:03:31,000 --> 00:03:33,480 Speaker 1: So there's the other excuse me, big deal that we 67 00:03:33,520 --> 00:03:36,760 Speaker 1: had going on today. So parstl locker company Inposts agreeing 68 00:03:36,800 --> 00:03:39,800 Speaker 1: to takeover deal from Advent International, the private equity firm, 69 00:03:40,120 --> 00:03:42,520 Speaker 1: and then also a consortium that was led by FedEx. 70 00:03:42,560 --> 00:03:44,840 Speaker 1: And so this is a deal that values the company 71 00:03:44,840 --> 00:03:47,720 Speaker 1: at about seven point eight billion euros and the offer 72 00:03:47,840 --> 00:03:51,000 Speaker 1: is seventeen percent premium to the last close. But and 73 00:03:51,160 --> 00:03:54,880 Speaker 1: listed's note that the offer remains below IPO price and 74 00:03:55,520 --> 00:03:57,280 Speaker 1: some of them are saying that it does not fully 75 00:03:57,320 --> 00:04:01,800 Speaker 1: reflect the potential of the company. But the InPost board 76 00:04:01,920 --> 00:04:04,760 Speaker 1: is in favor and the market reaction was definitely positive. 77 00:04:04,800 --> 00:04:07,800 Speaker 1: We saw the shares really jumping this morning. It's quite 78 00:04:07,800 --> 00:04:10,880 Speaker 1: an interesting reversal of fortunes for Inposts. It was one 79 00:04:10,920 --> 00:04:13,720 Speaker 1: of the worst performers in Europe over the last year 80 00:04:13,720 --> 00:04:16,640 Speaker 1: in twenty twenty five, and now this takeover off is 81 00:04:16,680 --> 00:04:19,520 Speaker 1: sparking this massive rally in the shares. And now there 82 00:04:19,560 --> 00:04:23,440 Speaker 1: is plans for a European expansion across different markets. So 83 00:04:23,480 --> 00:04:24,960 Speaker 1: we'll definitely be hearing more. 84 00:04:24,880 --> 00:04:25,599 Speaker 3: About this country. 85 00:04:26,480 --> 00:04:30,520 Speaker 2: The stock movers report from Bloomberg Radio. 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