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

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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

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

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Speaker 3: move today in Europe. We're joined by Bloomberg's Equities Report

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Speaker 3: to Joe Eastern. Good morning. A new cholesterol drug from

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Speaker 3: Astra Zeneca is boosting hopes for Astra nomical gains.

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Speaker 1: The absolutely astronomical, well astronomical in terms of how much

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Speaker 1: the drug could be worth, because only saying that this

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Speaker 1: drug could be worth around five billion dollars in sales

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Speaker 1: per year. Now this is after Astra said today or

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Speaker 1: actually after the Closer training yesterday, that their experimental cholesterol

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Speaker 1: drug significantly reduces bad cholesterol. I kind of thought all

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Speaker 1: cholesterol is bad, but apparently there's bad cholesterol that it reduces,

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Speaker 1: and that could potentially mean there's a blockbuster market. So

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Speaker 1: the once a day pill led to a fifty percent

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Speaker 1: reduction in what's known as LDL, which is actually associated

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Speaker 1: with heart attacks and strokes, hence the reason why it's

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Speaker 1: considered bad. And therefore we seeing AstraZeneca rising around two

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Speaker 1: percent in early trading now, it is a pretty steady stock.

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Speaker 1: So two percent gain for Astra actually a pretty decent

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Speaker 1: move for that company, and it's already been up quite

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Speaker 1: a lot this year, so this has really been taken

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Speaker 1: positively by the market on this cholesterol drug data.

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Speaker 3: Yeah, it's a pill so easy to take as well,

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Speaker 3: that's the.

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Speaker 1: I want to daily wants daily pill, So a broad

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Speaker 1: broad market for it.

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Speaker 4: Okay, switching focus, you pay UK grosses, the supermarkets having

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Speaker 4: a slightly different date and more challenging day, Joe, What's

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Speaker 4: what's driving that?

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Speaker 1: Yeah, so there's a few things going on. So we

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Speaker 1: had some Cantar data out earlier and that actually looks

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Speaker 1: pretty weak across the main kind of incumbent supermarket so Tesco,

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Speaker 1: Sainsuries in particular, seeing Liddle and Audi continuing to grow

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Speaker 1: their market share, which has been going on for absolute

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Speaker 1: donkeys years now anyway, but that is actually getting worse. Also,

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Speaker 1: there's updates from some analysts. This is following a profit

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Speaker 1: warning that we saw from Asda a couple of weeks ago,

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Speaker 1: so analyst saying they're making material downgrades to estimates for

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Speaker 1: earnings across Tesco and Sainsbury. They're cutting earnings estimates at

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Speaker 1: Sainsbury's by as much as fourteen percent, so really a

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Speaker 1: big drop down. And this all because as the warned

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Speaker 1: that price competition is meaning that they're going to have

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Speaker 1: to discount more, feeding through into the other supermarkets. Probably

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Speaker 1: good for all of us that do our big shops,

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Speaker 1: but not good for the shareholders of Sainsbury's and Tescos,

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Speaker 1: both of which down around three percent among the worst

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Speaker 1: performers today.

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Speaker 3: Okay, so that on the supermarkets. What about the construction

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Speaker 3: material retailer, This is Travis Perkins share is not looking

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Speaker 3: very perky.

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Speaker 1: No, they're not looking very perky at all todayround thirteen percent.

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Speaker 1: That is at the lowest level since two thousand and

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Speaker 1: nine for these shares in Travis Perkins' TPK today warning

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Speaker 1: of softness in UK construction activity challenging market conditions. So

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Speaker 1: they supply into both the wholesale so builders and construction

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Speaker 1: workers buy their supplies there. But also they do have

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Speaker 1: retail stores as well, under a couple of different brands,

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Speaker 1: and both of which not looking good, consensus earning estimates

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Speaker 1: being cut by as much as twenty percent today. We

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Speaker 1: did also have nationwide house price data which looks soft

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Speaker 1: as well, so kind of feeds into that a weak

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Speaker 1: UK property market week construction material sales Travis Perkins worst

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Speaker 1: performer down thirteen percent.

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Speaker 3: Not quite sure why I get all the jokes in

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Speaker 3: this segment. I have no sense of hearing. No, I'm not.

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Speaker 4: I think Joe built a solid foundation. You've got the

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Speaker 4: delivery Carol Market.

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Speaker 3: Terereo timing right, I'm.

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Speaker 1: Building on game.

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Speaker 3: I don't know.

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Speaker 1: I'm clutching in stores now.

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Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us

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

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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