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

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Speaker 2: Stock Movers Report, 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: Well, let's take a look at some stocks on the

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Speaker 3: move today in Europe. I'm Stephen Carroll and I'm joined

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Speaker 3: by Boomberg's Breaking news editor Louise Moon.

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Speaker 4: Luise, good morning.

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Speaker 3: Let's start with Novo Nordisk, which appears to be happy

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Speaker 3: about dodging some imitation.

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Speaker 1: Indeed, yes, shares are surging for Nova, and notice this morning,

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Speaker 1: reversing what was a plunge essentially last week.

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Speaker 4: And this is all on the back of the same story.

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Speaker 1: So another company, him and hers, pulled a copycat version

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Speaker 1: of Novo's we goo vi weight loss pill. They pulled

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Speaker 1: that over the weekend. They said they're going to stop

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Speaker 1: offering that treatment. And that's after the US FDA pledged

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Speaker 1: to crack down on copycats.

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Speaker 4: So this is all on the back of new used last.

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Speaker 1: Week that him and hers were going to offer this

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Speaker 1: cheaper knockoff of Novo, and at the time that really

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Speaker 1: hit Novo's shares. Essentially, it's really essential that this pill

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Speaker 1: is really essential for Novo's recovery. It's kind of pinning

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Speaker 1: its comeback on the pill. You know, Novo has been

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Speaker 1: suffering for a host of reasons, partly on a lot

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Speaker 1: of competition, particularly from Eli Lilly that's put a lot

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Speaker 1: of pressure on the company. There's also been pressure from

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Speaker 1: the Trump administration, and so they're grappling with these issues

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Speaker 1: and they're really pinning their hopes on a comeback on

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Speaker 1: this pill. And then news of this copycat hitten Novo

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Speaker 1: shares last week. So the news now that this is

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Speaker 1: going to be pulled is really benefitting them this morning,

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Speaker 1: and we're seeing shares rise on the back of that.

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Speaker 3: Yeah, and just in the US, Hymns and Hers shares

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Speaker 3: in pre market down fourteen and a half percent on

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Speaker 3: that story as well. And there is a connection, Louise

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Speaker 3: to the story we're going to next, and that's around Greg's.

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Speaker 3: Their shares are dan tell us more.

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Speaker 1: Yes in a similar space a similar light. So you

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Speaker 1: say shares down touched a two month flow. That's for

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Speaker 1: Greg's in the UK. This is after Jeffries downgraded Greg's

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Speaker 1: to a hold and they cut their price target by

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Speaker 1: more than a third, and they're saying that the uptake

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Speaker 1: of weight loss drugs like that we've been speaking about

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Speaker 1: with Novo is a headwind to Greg's earnings outlooks. So

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Speaker 1: the analyst is saying that this rapid uptake of these

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Speaker 1: weight loss drugs has become what it calls a structural headwind.

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Speaker 1: So it's assuming now that there'll be lower lighte like sales,

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Speaker 1: more limited profit growth for Greg's on the back of that. Essentially,

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Speaker 1: it's saying that those affected, while it's not going to

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Speaker 1: impact you know, all of Gregg's customers, that's saying that

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Speaker 1: those affected, they say, are likely to be those with

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Speaker 1: higher BERMI, higher frequency customers that are some of Greg's

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Speaker 1: most valuable customers. So shares falling on the back of

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Speaker 1: that downgrade from Jeffries.

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Speaker 4: It comes on top of wider woes for Greg's.

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Speaker 1: Shares have already been suffering since you know, last September,

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Speaker 1: particularly sorry September twenty twenty four, and particularly the past

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Speaker 1: year there's been a lot of questions of about their

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Speaker 1: kind of over expansion and whether they can sales can

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Speaker 1: keep up with that expansion. So this is another bit

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Speaker 1: of bad news weighing on their share price today.

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Speaker 3: Okay, and in better news, UniCredit share is up over

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Speaker 3: six percent, yes, ending.

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Speaker 4: On a high.

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Speaker 1: So UniCredit is planning to return fifty billion euros over

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Speaker 1: the next five years, so that's through to twenty thirty.

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Speaker 1: This is you know, part of their CEO vowing to

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Speaker 1: improve profitability, improve capital generation. He joined in twenty twenty one.

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Speaker 1: He's been changing the business a lot. He's cut jobs,

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Speaker 1: he's exited low pervoiding businesses, he's reallocated resources to more

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Speaker 1: profitable areas. So profitability return shares have all surged since

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Speaker 1: he's taken over, and this is the latest news. They're

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Speaker 1: going to pay out eighty percent of profits in a

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Speaker 1: mix of cash dividends and share buybacks, and then they're

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Speaker 1: going to evaluate more returns on a yearly basis, depending

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Speaker 1: on unicredits excess capital.

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Speaker 4: This all came.

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Speaker 1: Alongside fourth quarter results profits b estimate, so hosts of

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Speaker 1: Good News shares up about five percent money.

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Speaker 2: The Stockmovers report 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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