1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:18,040 --> 00:00:19,599 Speaker 3: Let's take a look at some of the stocks on 5 00:00:19,640 --> 00:00:22,000 Speaker 3: the move today here in Europe. I'm Caroline Hepgar with 6 00:00:22,040 --> 00:00:24,680 Speaker 3: Stephen Carroll and we're joined by Bloomberg's Equities of Port 7 00:00:24,680 --> 00:00:28,640 Speaker 3: to Joe easton Good Morning, Joe. So vestas in Copenhagen, 8 00:00:28,760 --> 00:00:31,880 Speaker 3: worried about winds of change in the US government. 9 00:00:32,280 --> 00:00:35,600 Speaker 1: Yes, winds of change. Indeed, So this is news coming 10 00:00:35,640 --> 00:00:39,720 Speaker 1: from the US last night that the Senate Republicans are 11 00:00:39,720 --> 00:00:42,800 Speaker 1: proposing a bill that ends tax credits for wind and 12 00:00:42,840 --> 00:00:46,480 Speaker 1: solar energy earlier than expected, So these tax credits would 13 00:00:46,479 --> 00:00:49,559 Speaker 1: actually end in twenty twenty eight. People had been hoping 14 00:00:49,920 --> 00:00:53,720 Speaker 1: that these tax credits would actually last for potentially the 15 00:00:53,760 --> 00:00:57,120 Speaker 1: next decades. It is a soon an expected end to 16 00:00:57,480 --> 00:00:59,480 Speaker 1: those credits. Kind of been a back and forward on 17 00:00:59,520 --> 00:01:02,440 Speaker 1: this over the past few months, with a pushback from 18 00:01:02,440 --> 00:01:06,200 Speaker 1: the Democrats and then Republicans in the House initially proposing 19 00:01:06,240 --> 00:01:08,720 Speaker 1: some harsher measures. But it's this news from the Senate 20 00:01:08,760 --> 00:01:11,679 Speaker 1: that potentially these are going to end by twenty twenty eight, 21 00:01:12,000 --> 00:01:13,840 Speaker 1: and we've seen vest As as you mentioned that one's 22 00:01:13,880 --> 00:01:18,240 Speaker 1: down three percent, Allstead as well, nord X down three percent. 23 00:01:18,480 --> 00:01:20,680 Speaker 1: SMA solon running through them as I try and think 24 00:01:20,680 --> 00:01:22,360 Speaker 1: of a wind pun. 25 00:01:22,920 --> 00:01:24,880 Speaker 4: Where they're just blowing through the yes, duck. 26 00:01:25,040 --> 00:01:27,160 Speaker 1: Yes, I was going to say they're getting a second wind, 27 00:01:27,160 --> 00:01:29,760 Speaker 1: but that's that would be there. They're down, so that 28 00:01:29,800 --> 00:01:32,360 Speaker 1: doesn't work. But the windstocks are lower today. 29 00:01:32,480 --> 00:01:36,200 Speaker 4: Okay, let's turn next to a risky best being made 30 00:01:36,240 --> 00:01:36,880 Speaker 4: by Apollo. 31 00:01:38,000 --> 00:01:43,760 Speaker 1: Yes, so Apollo is offloading around a billion dollars worth 32 00:01:43,959 --> 00:01:47,000 Speaker 1: of stock in a company called Lotto Mattica, which is 33 00:01:47,000 --> 00:01:51,000 Speaker 1: an Italian betting company and it does the lottery over 34 00:01:51,160 --> 00:01:53,160 Speaker 1: in Italy. So it's a huge sale, one of the 35 00:01:53,160 --> 00:01:55,760 Speaker 1: biggest we've seen for many months. So we got news 36 00:01:55,760 --> 00:01:58,000 Speaker 1: of that last night, but it wasn't the only one. 37 00:01:58,000 --> 00:01:58,280 Speaker 2: We got. 38 00:01:58,280 --> 00:02:01,880 Speaker 1: A swathe of share place is keeping all laur equity 39 00:02:01,920 --> 00:02:04,840 Speaker 1: capital markets editors really busy. They haven't haven't got up 40 00:02:04,880 --> 00:02:07,240 Speaker 1: for air at the moment because we've got deals coming 41 00:02:07,280 --> 00:02:11,320 Speaker 1: from Universal Music, a stake sell and investor. They're obviously 42 00:02:11,360 --> 00:02:16,000 Speaker 1: capitalizing on all all of Taylor Swift's records allied Irish Bank. 43 00:02:16,120 --> 00:02:19,640 Speaker 1: The Bank of Ireland is exiting. That's that state that 44 00:02:19,680 --> 00:02:20,160 Speaker 1: it's held. 45 00:02:20,720 --> 00:02:22,960 Speaker 4: The Irish government trodden the the back of Irelands. We're 46 00:02:23,000 --> 00:02:24,920 Speaker 4: rock of using our commercial banks in Ireland. So this 47 00:02:25,040 --> 00:02:28,919 Speaker 4: is the aftermath of the collapse of the Irish banking 48 00:02:28,960 --> 00:02:32,080 Speaker 4: sector in around twenty ten. The last stake they had 49 00:02:32,080 --> 00:02:34,800 Speaker 4: two point nine percent of the Irish state hel two 50 00:02:34,800 --> 00:02:37,639 Speaker 4: point nine percent of AIB. That is being sold off 51 00:02:37,680 --> 00:02:39,600 Speaker 4: now by the Irish state. It'll be that bank a 52 00:02:39,760 --> 00:02:41,399 Speaker 4: returning to full private ownership. 53 00:02:41,600 --> 00:02:43,720 Speaker 1: See, this is why you have an irishman on hand 54 00:02:44,240 --> 00:02:45,440 Speaker 1: to run through just. 55 00:02:45,400 --> 00:02:47,359 Speaker 4: Has a lot of Irish banking knowledge on the top 56 00:02:47,360 --> 00:02:48,359 Speaker 4: of his head at all time. 57 00:02:48,480 --> 00:02:51,600 Speaker 1: So the Irish government absolutely right, the Irish government should 58 00:02:51,680 --> 00:02:54,320 Speaker 1: say selling the shares in AIB. And then there was 59 00:02:54,400 --> 00:02:57,280 Speaker 1: a couple of other smaller ones in companies like Amadaeus 60 00:02:57,280 --> 00:02:59,680 Speaker 1: which is over in travel in Corby and another one, 61 00:02:59,720 --> 00:03:02,520 Speaker 1: so persuades of deals. I think the market was a 62 00:03:02,520 --> 00:03:04,320 Speaker 1: bit high yesterday, so it was kind of a good 63 00:03:04,320 --> 00:03:06,160 Speaker 1: time to sell off some of that stock. 64 00:03:06,520 --> 00:03:09,600 Speaker 3: Well, listen, I'll one up you then on your banking knowledge. 65 00:03:09,639 --> 00:03:12,800 Speaker 3: Do you remember this slogan the bank that likes to say, yes, 66 00:03:13,080 --> 00:03:18,320 Speaker 3: oh yeah, TSB, there you go. Bankabaddel is considering the 67 00:03:18,360 --> 00:03:21,000 Speaker 3: sale of its UK units TSB. 68 00:03:21,480 --> 00:03:25,600 Speaker 1: Yes, no, that's an excellent background. I yeah, no, I 69 00:03:25,639 --> 00:03:27,840 Speaker 1: don't quite remember that one. I don't think that's Sabadel 70 00:03:27,919 --> 00:03:33,480 Speaker 1: anyway selling. It's potentially considering selling TSB. So this is 71 00:03:33,520 --> 00:03:37,280 Speaker 1: the UK unit, and this is as the company tries 72 00:03:37,360 --> 00:03:40,520 Speaker 1: to batter away BBVA, which is of course trying to 73 00:03:40,520 --> 00:03:41,840 Speaker 1: take it over, so it's kind of a bit of 74 00:03:41,880 --> 00:03:44,520 Speaker 1: a defensive move. There is actually some good commentary out 75 00:03:44,520 --> 00:03:47,520 Speaker 1: today from JP Morgan saying they could see consolidation in 76 00:03:47,640 --> 00:03:49,920 Speaker 1: UK banks because a lot of these smaller firms are 77 00:03:49,960 --> 00:03:54,160 Speaker 1: going to start seeing their mortgage rate and mortgage earnings 78 00:03:54,200 --> 00:03:57,040 Speaker 1: coming down as the Bank of England cuts rates, making 79 00:03:57,080 --> 00:03:59,720 Speaker 1: them right for takeovers. This kind of feeds into that 80 00:04:00,160 --> 00:04:04,680 Speaker 1: and interesting new Sabadel Saba Ashley oneps in Love This Morning. 81 00:04:05,640 --> 00:04:10,000 Speaker 2: The Stockmovers podcast from Bloomberg Radio. 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