WEBVTT - AstraZeneca Drops, Ryanair Rises, Clarkson Jumps

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Now let's take a look at some of the stocks

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<v Speaker 3>on the moves day in Europe. I'm Jaspecock with Karen Hepka,

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<v Speaker 3>and we're joined by Bloomberg's Breaking News editor at Louise Moon. Louise,

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<v Speaker 3>I'm going to take a shot in the dark that

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<v Speaker 3>you want to talk to us about. Ask Doeseneca today

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<v Speaker 3>I do?

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<v Speaker 1>Indeed the big story in London markets today, Well I

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<v Speaker 1>mean not just London markets really, So Astenaica have held

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<v Speaker 1>talks to buy Bristol Meyers squib, the US farmer giant.

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<v Speaker 1>So if this happened, it would be a huge deal.

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<v Speaker 1>It would be the largest farms news called deal of

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<v Speaker 1>all time. It created one of the world's biggest drug makers,

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<v Speaker 1>so a big deal if it came about. Must say,

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<v Speaker 1>the talks are an early stage and it's unclear if

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<v Speaker 1>they're still ongoing. So these talks have been going on

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<v Speaker 1>in recent months. If this were, you know, to come

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<v Speaker 1>up about. On the positive side of it, Bristol Meyers

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<v Speaker 1>last week reported its highest ever quarterly sales, and that

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<v Speaker 1>growth was primarily driven by a lot of their newer products,

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<v Speaker 1>so that included some of their cancer drugs, So that

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<v Speaker 1>could be quite complimentary to AstraZeneca. It's become a cancer

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<v Speaker 1>drug powerhouse under their CEO over the last few years,

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<v Speaker 1>and it's been increasingly pivoting towards the US, so it

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<v Speaker 1>kind of compliments both of those two things. On the

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<v Speaker 1>negative side, and List are saying that this came as

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<v Speaker 1>quite a surprise, and they're also saying that it kind

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<v Speaker 1>of lacks strategic appeal for AstraZeneca. So jeffries I thought

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<v Speaker 1>summed up quite nicely. They had a quote saying, given

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<v Speaker 1>the strength of Astra's growth and innovation profile, we're a

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<v Speaker 1>bit perplexed by the news, So yeah, a bit of

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<v Speaker 1>a surprise. There also potentially there could be antitrust concerns

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<v Speaker 1>as well, so a lot of uncertainties firstly if this

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<v Speaker 1>is even going to come to fruition, but then secondly

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<v Speaker 1>if it does try and go ahead, what hurdles that

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<v Speaker 1>then comes up against. So AstraZeneca shares are actually down

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<v Speaker 1>over seven percent this morning. They fell at one point

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<v Speaker 1>to their lowes since October last year. Bristol, on the

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<v Speaker 1>other hand, ticking slightly higher in pre market trading in

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<v Speaker 1>the US.

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<v Speaker 4>Yeah, I mean it's you know, it's also pretty unusual

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<v Speaker 4>a UK well exactly listed business is having a go

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<v Speaker 4>at a big US name I botted. Kind of very unusual,

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<v Speaker 4>isn't it. It's been much more common to see over

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<v Speaker 4>the last two to three years, if not longer, you know,

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<v Speaker 4>UK fifty one hundred list businesses being snapped up by

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<v Speaker 4>the US. Let's talk about Ryanair European airlines. I mean,

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<v Speaker 4>you know, they've been really squeezed, as so many businesses

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<v Speaker 4>have by the warner on and energy prices.

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<v Speaker 1>Yes, and getting in terms of stop movements, getting a

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<v Speaker 1>bit of an alleviation. Today the airlines are actually up

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<v Speaker 1>across the board. So you've got Ryan, as you mentioned,

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<v Speaker 1>up three percent, and then we're seeing this across the

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<v Speaker 1>board from where their ig left hands a all on

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<v Speaker 1>the back of this wider geopolitical news. So obviously oil

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<v Speaker 1>is going down, that slide in Brent crude futures on

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<v Speaker 1>the back of these potential talks that Trump has been

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<v Speaker 1>speaking about, so benefiting the aviation space. Obviously, if oil

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<v Speaker 1>is lower, that means that there's the prospect of jet

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<v Speaker 1>fuel costs potentially coming down, so airlines up on the

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<v Speaker 1>back of that, and obviously oil related stock SHELLBP down.

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<v Speaker 4>Yeah, Travel and leisure as a sector in the U

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<v Speaker 4>stock six hundred up by about one point seven percent.

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<v Speaker 3>And then finally, Louis, let's talk about clarks which in

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<v Speaker 3>the slew of earnings merits a mention because it's it

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<v Speaker 3>seems to be quite stratospheric. It does.

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<v Speaker 1>Shares up sixteen percent, so all time high today. So

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<v Speaker 1>Clarkson is obviously the shipping consultancy, so this is also

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<v Speaker 1>on the back of the Middle East as well. They've

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<v Speaker 1>generated a record profit in their first half. In particular,

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<v Speaker 1>their breaking division did really well, So essentially they're saying

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<v Speaker 1>that it's been strong trading conditions. Obviously, all of the

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<v Speaker 1>turbulence in the straight off Hormuz meant that freight rates

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<v Speaker 1>are surging that they've also seen more hedging activity clients

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<v Speaker 1>are trying to manage their exposure there. So it had

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<v Speaker 1>a really good first half and they've boosted the outlook

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<v Speaker 1>for the year as well. So, Yeah, sharesetting and all.

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