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 00:00:17,920 --> 00:00:19,400 Speaker 3: Let's take a look at some of the stocks on 5 00:00:19,440 --> 00:00:22,759 Speaker 3: the move today in Europe. I'm Caroline Hepga alongside Stephen 6 00:00:22,800 --> 00:00:25,560 Speaker 3: Cowe and we joined by Bloomberg's equity supporter Joe Easton. 7 00:00:26,000 --> 00:00:28,640 Speaker 3: Good morning, Joe. So Airbus shares are on the rise 8 00:00:28,680 --> 00:00:30,720 Speaker 3: this morning. What's driving those gains? 9 00:00:31,000 --> 00:00:34,559 Speaker 1: Yes, So Airbus has been speaking this coming off the 10 00:00:34,600 --> 00:00:37,599 Speaker 1: back of the Paris Air Show. The company actually announcing 11 00:00:37,600 --> 00:00:40,520 Speaker 1: today they're going to target higher dividend payments, so they're 12 00:00:40,520 --> 00:00:43,440 Speaker 1: selling more jets than they had hoped and that's going 13 00:00:43,479 --> 00:00:45,760 Speaker 1: to allow them to turn more cash to shareholders. So 14 00:00:45,760 --> 00:00:50,040 Speaker 1: they're going to target fifty percent growth in their twenty 15 00:00:50,280 --> 00:00:54,920 Speaker 1: twenty five dividend ratio. Now that is up from forty percent. 16 00:00:54,960 --> 00:00:59,640 Speaker 1: So it's a pretty decent, decent turnaround payout for the company. Now. 17 00:01:00,080 --> 00:01:02,640 Speaker 1: Over at the Paris there Show, they have seen as 18 00:01:02,680 --> 00:01:05,039 Speaker 1: much as seventeen billion dollars in orders coming from the 19 00:01:05,080 --> 00:01:08,640 Speaker 1: Saudi's and also some bids for planes coming from Poland 20 00:01:08,640 --> 00:01:11,400 Speaker 1: as well. So it's a positive been a positive week 21 00:01:11,400 --> 00:01:13,280 Speaker 1: for the company. The stock go only three percent today, 22 00:01:13,480 --> 00:01:16,679 Speaker 1: the best performer on a points basis, so a decent session. 23 00:01:16,680 --> 00:01:20,720 Speaker 1: Four of us turning next to Garrethheimer, maker of Novo 24 00:01:20,760 --> 00:01:23,720 Speaker 1: Nordisk syringes, eyeing a potential takeover. 25 00:01:23,959 --> 00:01:25,280 Speaker 2: How are markets reacting? 26 00:01:25,720 --> 00:01:27,160 Speaker 1: Yes, this has been going on for a while, so, 27 00:01:27,200 --> 00:01:29,400 Speaker 1: as you mentioned, the gerrith Scheimer has kind of been 28 00:01:29,440 --> 00:01:32,600 Speaker 1: a company that's gone under the radar until we of 29 00:01:32,720 --> 00:01:36,120 Speaker 1: course got the big surgeon demand for the weight loss drugs. 30 00:01:36,120 --> 00:01:38,280 Speaker 1: So they make the syringers. As you mentioned, they're Stephen. 31 00:01:39,000 --> 00:01:42,280 Speaker 1: Now the company has faced some bids from private exits. 32 00:01:42,319 --> 00:01:43,720 Speaker 1: There's been a bit of back and forward though we 33 00:01:43,720 --> 00:01:46,200 Speaker 1: actually had a report yesterday seeing them potentially it was 34 00:01:46,240 --> 00:01:48,560 Speaker 1: going to fall through, but the company coming out and 35 00:01:48,600 --> 00:01:53,280 Speaker 1: reiterating that talks are still ongoing, and the stock jumping 36 00:01:53,400 --> 00:01:56,480 Speaker 1: as much as seven percent today. But I'm kind of 37 00:01:56,480 --> 00:01:58,480 Speaker 1: thinking of this in a broader picture because the next 38 00:01:58,800 --> 00:02:01,880 Speaker 1: kind of swathe of the weight loss drugs tend to 39 00:02:01,920 --> 00:02:05,560 Speaker 1: be more focused on the pill focus rather than injection. 40 00:02:05,640 --> 00:02:07,800 Speaker 1: So I'm wondering how long does this have to go. 41 00:02:07,920 --> 00:02:11,640 Speaker 1: But given the success of these drugs, it has become 42 00:02:11,680 --> 00:02:12,640 Speaker 1: a takeover target. 43 00:02:12,760 --> 00:02:16,680 Speaker 3: No, okay, interesting, and UBS is seeing some losses today. 44 00:02:16,680 --> 00:02:20,079 Speaker 1: What's behind that move? So UBS now it's got a 45 00:02:20,120 --> 00:02:22,600 Speaker 1: downgrade over at Morgan Stanley. So a couple of weeks ago, 46 00:02:22,680 --> 00:02:26,280 Speaker 1: the Swiss government announced this big news that the company 47 00:02:26,360 --> 00:02:29,120 Speaker 1: is going to have to hold several tens of billions 48 00:02:29,120 --> 00:02:32,200 Speaker 1: of dollars of cash on its books following the takeover 49 00:02:32,360 --> 00:02:34,959 Speaker 1: of Credit Swiss a couple of years ago. Now Morgan 50 00:02:35,040 --> 00:02:37,160 Speaker 1: Stanley coming out to Day and saying that they think 51 00:02:37,200 --> 00:02:40,359 Speaker 1: this will hinder the company's ability to do share buybacks. 52 00:02:40,440 --> 00:02:45,320 Speaker 1: They're downgrading UBS to underweight today and the stock is 53 00:02:45,360 --> 00:02:49,079 Speaker 1: declining around two percent at the moment. They think it 54 00:02:49,120 --> 00:02:53,000 Speaker 1: will continue to underperform the European banks and the company 55 00:02:53,040 --> 00:02:55,480 Speaker 1: needs to do some mitigating actions in order to get 56 00:02:55,480 --> 00:02:58,320 Speaker 1: the stock back up. So UBS it is unperforming today 57 00:02:58,400 --> 00:02:59,880 Speaker 1: and is down around two percent. 58 00:03:01,480 --> 00:03:05,800 Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us 59 00:03:05,880 --> 00:03:08,799 Speaker 2: throughout the day for the latest roundup of companies making 60 00:03:08,880 --> 00:03:12,440 Speaker 2: news on Wall Street and for the latest market moving headlines. 61 00:03:12,600 --> 00:03:16,480 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 62 00:03:16,560 --> 00:03:19,400 Speaker 2: dot com, and on Applecarplay and Android Auto with the 63 00:03:19,400 --> 00:03:20,760 Speaker 2: Bloomberg Business app