Speaker 1: Bloomberg Audio Studios, podcasts, radio News, the.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today here in Europe. I'm Caroline Hepget alongside
Speaker 3: Jamana Pasecci and we're joined by Bloomberg Report to claim Malay,
Speaker 3: good morning. Let's start by looking at all Steed. So
Speaker 3: they got a favorable judgment over in the United States
Speaker 3: over one of its wind farms.
Speaker 1: Big result then in the stock market.
Speaker 4: Yeah, absolutely, I think also my actually win for the
Speaker 4: amount of times it has been a stock to watch
Speaker 4: over the last couple of months, but this time, as
Speaker 4: you say, it is positive news.
Speaker 1: So a judge in.
Speaker 4: Washington ruled that Austed canw restart work on the Revolution
Speaker 4: Wind project, which is off the coase of Rhode Island
Speaker 4: in the US. And that is a major win because
Speaker 4: the Trump administration had ordered Orsted to stop construction on
Speaker 4: that project in late August, and that is despite the fact.
Speaker 1: That the wind farm was about eighty percent finish.
Speaker 4: So the project is intended to power hundreds of thousands
Speaker 4: of homes in Rhode Island, but also Connecticut, and the
Speaker 4: judge said that the project could suffer irreparable harm unless
Speaker 4: construction was allowed to continue for now. So a Less
Speaker 4: said that this will really boost confidence in Austed' US portfolio,
Speaker 4: which has come under attack from Trump quite a lot recently,
Speaker 4: and also boost confidence in the capital rays that AUSTED
Speaker 4: recently did to shore up its finances. A White House
Speaker 4: spokesperson did say that the ruling will not be the
Speaker 4: final say on the matter, and of course it still
Speaker 4: could face appeal, but for now, this is some relief
Speaker 4: for AUSTED and that has really boosted the shots this morning.
Speaker 5: And Heineken says it's buying Florida ice and farm companies,
Speaker 5: beverage and retail businesses. This feels like a bit of
Speaker 5: a jump, a bit of a leap for a company
Speaker 5: that's synonymous with beer. Do we have detail about the
Speaker 5: deal and what the price action was afterwards?
Speaker 1: Yeah, absolutely So.
Speaker 4: Heinegan is buying, as you say, Florida ice and farms
Speaker 4: companies at Central American business and that is for three
Speaker 4: point two billion dollars. The idea is that this will
Speaker 4: really strengthen its position in places like Costa Rica, Guatemala, Honduras,
Speaker 4: and those are markets that the company said had really.
Speaker 1: A strong growth potential.
Speaker 4: So the Central American market is forecast to grow about
Speaker 4: over seven percent annually by twenty thirty, and that is
Speaker 4: because there's.
Speaker 1: Quite a young urban population there. In contrast to.
Speaker 4: The European market has been much weaker, so that explains
Speaker 4: Heineken maybe wanting to move away from.
Speaker 1: That weaker market.
Speaker 4: And some analysts said that the region, the Latin American region,
Speaker 4: could actually beat Europe as the largest net contributor to revenue,
Speaker 4: so that deal actually makes quite a lot of sense
Speaker 4: for Heinekan from the perspective of those analysts. Some did
Speaker 4: also say that the price was maybe a little bit
Speaker 4: too high, but given the positive share price reaction, I
Speaker 4: think it doesn't seem to be bothering investors that much.
Speaker 1: Okay, that's interesting.
Speaker 3: Yeah, lots of different beer brands in the fifth Co
Speaker 3: really fIF Co beverage and retail business. Can't say I'm
Speaker 3: much of a beer drinker, so either or knowledgeable insight
Speaker 3: into that particular business in terms of ASM ASM International
Speaker 3: cutting its outlook for the second half of the year
Speaker 3: in terms of revenue, I suppose the question is why.
Speaker 4: Yeah, so that is quite bad news for that semiconductor
Speaker 4: equipment industry. So he had cut a revenue outlook, and
Speaker 4: it said that was because of lower than expected demand
Speaker 4: from chip making clients. The cut was seen as a
Speaker 4: bit of a surprise, and some analysts said that the
Speaker 4: downgrade to that guidance is really unlikely to make investors
Speaker 4: feel better about the consensus estimates for twenty twenty six,
Speaker 4: which are already some are perceiving to be a little
Speaker 4: bit too high to begin with. To understand why it's
Speaker 4: selling fewer chip making machines, we kind of need to
Speaker 4: look at it at its customers. So Intel, for example,
Speaker 4: is actually a key customer for SA and all. The
Speaker 4: Intel has attracted quite a lot of investors recently. The
Speaker 4: company is a lot more conservative with spending than other
Speaker 4: companies in that sector, and it said earlier this year
Speaker 4: that it would actually cancel some factory projects. Obviously, that
Speaker 4: is having a knock on effect on ASM International and
Speaker 4: it really casts out on the health of that wider sector.
Speaker 4: Also dragged down the shares of some other big names
Speaker 4: in that industry, including ASML and BS and we were
Speaker 4: also in the rent this morning.
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