WEBVTT -  Orsted Up, Heineken Strengthens, ASM International Slips

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

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

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

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today here in Europe. I'm Caroline Hepget alongside

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<v Speaker 3>Jamana Pasecci and we're joined by Bloomberg Report to claim Malay,

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<v Speaker 3>good morning. Let's start by looking at all Steed. So

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<v Speaker 3>they got a favorable judgment over in the United States

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<v Speaker 3>over one of its wind farms.

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<v Speaker 1>Big result then in the stock market.

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<v Speaker 4>Yeah, absolutely, I think also my actually win for the

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<v Speaker 4>amount of times it has been a stock to watch

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<v Speaker 4>over the last couple of months, but this time, as

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<v Speaker 4>you say, it is positive news.

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<v Speaker 1>So a judge in.

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<v Speaker 4>Washington ruled that Austed canw restart work on the Revolution

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<v Speaker 4>Wind project, which is off the coase of Rhode Island

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<v Speaker 4>in the US. And that is a major win because

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<v Speaker 4>the Trump administration had ordered Orsted to stop construction on

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<v Speaker 4>that project in late August, and that is despite the fact.

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<v Speaker 1>That the wind farm was about eighty percent finish.

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<v Speaker 4>So the project is intended to power hundreds of thousands

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<v Speaker 4>of homes in Rhode Island, but also Connecticut, and the

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<v Speaker 4>judge said that the project could suffer irreparable harm unless

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<v Speaker 4>construction was allowed to continue for now. So a Less

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<v Speaker 4>said that this will really boost confidence in Austed' US portfolio,

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<v Speaker 4>which has come under attack from Trump quite a lot recently,

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<v Speaker 4>and also boost confidence in the capital rays that AUSTED

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<v Speaker 4>recently did to shore up its finances. A White House

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<v Speaker 4>spokesperson did say that the ruling will not be the

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<v Speaker 4>final say on the matter, and of course it still

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<v Speaker 4>could face appeal, but for now, this is some relief

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<v Speaker 4>for AUSTED and that has really boosted the shots this morning.

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<v Speaker 5>And Heineken says it's buying Florida ice and farm companies,

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<v Speaker 5>beverage and retail businesses. This feels like a bit of

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<v Speaker 5>a jump, a bit of a leap for a company

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<v Speaker 5>that's synonymous with beer. Do we have detail about the

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<v Speaker 5>deal and what the price action was afterwards?

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<v Speaker 1>Yeah, absolutely So.

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<v Speaker 4>Heinegan is buying, as you say, Florida ice and farms

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<v Speaker 4>companies at Central American business and that is for three

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<v Speaker 4>point two billion dollars. The idea is that this will

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<v Speaker 4>really strengthen its position in places like Costa Rica, Guatemala, Honduras,

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<v Speaker 4>and those are markets that the company said had really.

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<v Speaker 1>A strong growth potential.

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<v Speaker 4>So the Central American market is forecast to grow about

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<v Speaker 4>over seven percent annually by twenty thirty, and that is

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<v Speaker 4>because there's.

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<v Speaker 1>Quite a young urban population there. In contrast to.

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<v Speaker 4>The European market has been much weaker, so that explains

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<v Speaker 4>Heineken maybe wanting to move away from.

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<v Speaker 1>That weaker market.

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<v Speaker 4>And some analysts said that the region, the Latin American region,

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<v Speaker 4>could actually beat Europe as the largest net contributor to revenue,

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<v Speaker 4>so that deal actually makes quite a lot of sense

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<v Speaker 4>for Heinekan from the perspective of those analysts. Some did

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<v Speaker 4>also say that the price was maybe a little bit

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<v Speaker 4>too high, but given the positive share price reaction, I

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<v Speaker 4>think it doesn't seem to be bothering investors that much.

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<v Speaker 1>Okay, that's interesting.

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<v Speaker 3>Yeah, lots of different beer brands in the fifth Co

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<v Speaker 3>really fIF Co beverage and retail business. Can't say I'm

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<v Speaker 3>much of a beer drinker, so either or knowledgeable insight

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<v Speaker 3>into that particular business in terms of ASM ASM International

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<v Speaker 3>cutting its outlook for the second half of the year

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<v Speaker 3>in terms of revenue, I suppose the question is why.

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<v Speaker 4>Yeah, so that is quite bad news for that semiconductor

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<v Speaker 4>equipment industry. So he had cut a revenue outlook, and

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<v Speaker 4>it said that was because of lower than expected demand

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<v Speaker 4>from chip making clients. The cut was seen as a

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<v Speaker 4>bit of a surprise, and some analysts said that the

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<v Speaker 4>downgrade to that guidance is really unlikely to make investors

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<v Speaker 4>feel better about the consensus estimates for twenty twenty six,

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<v Speaker 4>which are already some are perceiving to be a little

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<v Speaker 4>bit too high to begin with. To understand why it's

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<v Speaker 4>selling fewer chip making machines, we kind of need to

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<v Speaker 4>look at it at its customers. So Intel, for example,

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<v Speaker 4>is actually a key customer for SA and all. The

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<v Speaker 4>Intel has attracted quite a lot of investors recently. The

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<v Speaker 4>company is a lot more conservative with spending than other

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<v Speaker 4>companies in that sector, and it said earlier this year

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<v Speaker 4>that it would actually cancel some factory projects. Obviously, that

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<v Speaker 4>is having a knock on effect on ASM International and

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<v Speaker 4>it really casts out on the health of that wider sector.

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<v Speaker 4>Also dragged down the shares of some other big names

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<v Speaker 4>in that industry, including ASML and BS and we were

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<v Speaker 4>also in the rent this morning.

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<v Speaker 2>The stock movers report from Bloomberg Radio. Check back with

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