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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg data.

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Speaker 3: Now, let's look at some of the stocks on the

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Speaker 3: move today here in Europe. I'm Caroline Hepget and I'm

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Speaker 3: joined by Blueberg reporter Cloim mala Cloy. Good morning. So

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Speaker 3: it's been cult outside, but it might just be the

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Speaker 3: right time for ice cream still. Maybe is it Unilever's

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Speaker 3: Magnum deal.

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Speaker 1: Yeah, absolutely so.

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Speaker 4: Magnum ice Cream Company has started trading today in London,

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Speaker 4: Amsterdam and a little bit later in New York. So

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Speaker 4: the spin off of the ice cream unit for the

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Speaker 4: Unilever is now completed. It happened a month later than

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Speaker 4: originally planned because it was pushed back because of the

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Speaker 4: US government has shut down.

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Speaker 1: So now the focus is really going to be.

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Speaker 4: On Unilever's prospects as a standalone company, and given how

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Speaker 4: shares fell today for unile but perhaps the investor enthusiasm

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Speaker 4: isn't really there at the moment. And then for Magnum itself,

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Speaker 4: for this new company, they are also challenges of course

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Speaker 4: as well, So there's obviously a growing number of really

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Speaker 4: health conscious consumers, maybe people that don't necessarily want to

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Speaker 4: have ice cream. There's obviously, of course weight loss drugs

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Speaker 4: which limit appetite. And then it's also quite a capital

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Speaker 4: intensive business. So this is a part of Unilever that

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Speaker 4: was dealing with quite high production costs, quite high storage costs,

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Speaker 4: and that really weighed on margins. That's part of the

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Speaker 4: reason why there was a push to demerge that company.

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Speaker 1: But now perhaps Magnum can refocus.

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Speaker 4: The management team is quite well regarded by analysts, and

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Speaker 4: analysts are saying that the company can now really reinvest

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Speaker 4: in growth and really refocus after it really was all

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Speaker 4: about returns and cash under Unilever.

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Speaker 1: So we'll see how that goes.

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Speaker 4: But yeah, it's an interesting time of year to be

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Speaker 4: to be listing an ice cream business. Yeah.

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Speaker 1: Absolutely.

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Speaker 3: Apparently in the UK, in the factory they make about

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Speaker 3: six hundred million ice creams a year, the vast majority

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Speaker 3: for people here in the UK. So yes, we're still

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Speaker 3: eating the odd Madner, I would argue.

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Speaker 1: I am, and I am right.

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Speaker 3: Secondly, Skins Care in the Spotlight with Galderma, I read

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Speaker 3: that this morning. I can't say I know that name.

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Speaker 3: What's the story there?

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Speaker 4: So Loreal has double this steak in Galderma this morning.

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Speaker 4: So gal Demo is a company that is in skincareess

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Speaker 4: but is known primarily for making injectibles so botox, fillers,

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Speaker 4: et cetera. But then just in the kind of wider

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Speaker 4: dermatology space. So now the steak from Loreal is now

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Speaker 4: twenty percent, So that is doubled from the ten percent

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Speaker 4: that Loreal took last year. So it's really reinforcing that

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Speaker 4: investment in dermatology and trying to gain maybe a stronger

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Speaker 4: foothold as well in that injectibles market. And Liz have

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Speaker 4: said that the investment makes a lot of strategic sense.

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Speaker 4: You've got one company that has got their leadership in dermatology,

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Speaker 4: and then the other kind of brings that expertise as

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Speaker 4: a leading beauty company. Of course, Loreal being such a

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Speaker 4: big name, Galdamahs were up on the back of that,

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Speaker 4: but Lories are actually down, so it might be because

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Speaker 4: of Laura has been making so many deals recently. I

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Speaker 4: recently bought a South Korean brand called dr G. It

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Speaker 4: took a majority stake in a UK skincare brand called Medicaid,

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Speaker 4: so perhaps one too many deal for investors at this morning,

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Speaker 4: but for Galdermo was definitely seen as a positive.

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Speaker 3: Interesting, Maybe is it me or do I relate?

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Speaker 1: Is it may just be me?

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Speaker 3: Kate Winslet was talking about injectables and beauty just over

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Speaker 3: the weekend.

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Speaker 1: I got picked up very widely. I saw did you

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Speaker 1: see that?

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Speaker 3: Yeah, obviously very beautiful actress saying you know, we should

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Speaker 3: have the natural look was which I thought was interesting. Now,

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Speaker 3: in terms of Monte Pasci, Monte Tepasci reaffirming confidence in

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Speaker 3: its CEO. What about this bank?

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Speaker 4: Yeah, so it reaffirmed that their confidence kind of reaffirmed

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Speaker 4: its support for the CEO's currently caught in a probe

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Speaker 4: into a takeover of Medio Banker. So Luis gilovaglio Is,

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Speaker 4: who's the CEO, is currently being investigated by prosecutors for

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Speaker 4: allegedly coordinating this Medio Banker acquisition with two big investors.

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Speaker 4: So that probe has really weighed on the shares, but

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Speaker 4: there seems to be maybe some relief from Montepesci. The

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Speaker 4: market regulator in Italy has ruled out the existence of

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Speaker 4: an undisclosed investor pact that involves PASKI and some of

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Speaker 4: its shareholders in that bid for Medio Banker, So that

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Speaker 4: development and then also the bank reaffirming that support and

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Speaker 4: that confidence in the CEO has been supporting that share

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Speaker 4: price today. So quite a good day for Pesci after

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Speaker 4: a lot of weakness over the last couple of weeks.

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Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: with the Bloomberg Business app.

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Speaker 3: Mm hmm