Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Now, let's take a look at some of the stocks
Speaker 3: on the move today in Europe. I'm Lizzie Birding with
Speaker 3: Caroline Hepke. I'm joined by Bloomberg reporter Chloe Melley. Chloe,
Speaker 3: good morning, Good morning. Let's start and defend, shall we.
Speaker 3: Brian Mattal seems to be getting that sinking feeling this morning.
Speaker 4: Yeah, absolutely, Brin Mettel is very weak this morning after
Speaker 4: reports that Germany is not planning on buying new warships
Speaker 4: from that company. So Germany originally wanted to purchase six
Speaker 4: anti submarine warships and that would have been the largest
Speaker 4: procurement project in the history of the German Navy. But
Speaker 4: now Germany is said to instead by eight much smaller
Speaker 4: warships from a TKMS instead, And that is because the
Speaker 4: original project that it had with Brian Mattau had a
Speaker 4: lot of issues with delays and excess costs, and so
Speaker 4: it's obviously a big loss for the company in a
Speaker 4: total of more than a two billion years is said
Speaker 4: to have already been spent on that project since the
Speaker 4: order was placed about six years ago. And this comes
Speaker 4: also at a time of actually quite a lot of
Speaker 4: challenges in German defense projects more generally. You know, the
Speaker 4: government recently pulled out of this Franco German fighter jet
Speaker 4: program FCAST, and that was only a couple of weeks
Speaker 4: ago because there was this continued tensions between Airbus and
Speaker 4: ASO Aviation. So now it's another big reverse or another
Speaker 4: big delay to a project. And Ryan Mettau is seeing
Speaker 4: that really affected chairs this morning. But TKMS is up
Speaker 4: on the flip side.
Speaker 3: Yeah, okay, nimark Segro rejecting what could be the biggest
Speaker 3: public deal in Europe.
Speaker 4: Why yeah, So, Sega is Europe's largest warehouse landlord, so
Speaker 4: it provides office space, warehouses, and crucially very important segment
Speaker 4: is data center properties, and that is what makes Segro
Speaker 4: particularly attractive. And that's why the US real estate investor Prologists,
Speaker 4: which is by the way, the largest owner of industrial
Speaker 4: property in the world, had made a twelve point six
Speaker 4: billion pound offer to buy.
Speaker 1: Segro, but Sega has rejected that.
Speaker 4: And we are seeing Chez soaring this morning on the
Speaker 4: back of that, and you know, we are seeing also
Speaker 4: a lot of its peers actually rising, so try to
Speaker 4: ex big box shoutsby Capital, Big Yellow, all of those
Speaker 4: companies in that real estate market are also rising because
Speaker 4: of this growing m and a interest in that sector.
Speaker 4: So this is quite an interesting angle on this AI
Speaker 4: data center story. You know, the companies that own the
Speaker 4: actual properties that can then be converted into data centers.
Speaker 1: So segro is very well positioned for that and it might.
Speaker 4: Get an even higher office, so we'll be watching out
Speaker 4: for developments there.
Speaker 3: Finally, Corey one on list giving True Caller and upbeat message.
Speaker 1: Yeah.
Speaker 4: So, True Caller is a company that allows users to
Speaker 4: identify unknown numbers and block spam calls and so shares
Speaker 4: were very strongly this morning after ans SEB Equities upgraded
Speaker 4: to the company to a by rating, said that the
Speaker 4: worst is now over for the company after what has
Speaker 4: been quite a roller coaster in terms of the share
Speaker 4: price over the last few months, and the analyst said
Speaker 4: there were signs of growth going forward.
Speaker 1: So one of the big.
Speaker 4: Issues that True Caller has had is that historically the
Speaker 4: dominant revenue stream has been advertising, so essentially displaying ads
Speaker 4: within the True Caller app. But last year, one of
Speaker 4: the main partners that Caller has introduced an algorithmic change
Speaker 4: that impacted the AD revenue quite significantly, and so that
Speaker 4: obstacle had led the shares down, but then that was
Speaker 4: actually lifted a week or so ago, and so that
Speaker 4: means that there's now going to be a boost for
Speaker 4: AD revenue for True Caller.
Speaker 1: So that's probably what has led to that upgrade.
Speaker 4: There's still other issues, but SEBN lists seem to be
Speaker 4: quite optimistic about this company's potential.
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