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 have a look out these stocks that are
Speaker 3: on the move today here in Europe. On Caroline Hepkar
Speaker 3: with Lizzie Burton and we joined by Bloomberg Report. To
Speaker 3: Chloe Malay. Good morning, Chloe. Let's talk about a German company,
Speaker 3: an engine maker, which is making a push into defense.
Speaker 3: We just had the NATO summit, we just had the
Speaker 3: announcement of more spending. There's a lot of focus on
Speaker 3: this sector.
Speaker 1: Yes, absolutely, So there's a bit of m and a
Speaker 1: there from Deuts. So the German company Deuts, which makes
Speaker 1: engines for buses, trucks, ships, et cetera. It is buying
Speaker 1: the privately owned defense firm FFG for one point six
Speaker 1: billion euros.
Speaker 4: So FFG makes military vehicles and so.
Speaker 1: That's the way for Deuts to expand more into this
Speaker 1: defense sector and trying to really benefit from this rising
Speaker 1: military spending that we've seen in Europe. And so Duds
Speaker 1: that had already kind of been stepping up this defense push.
Speaker 1: It had acquired stakes in you know, companies like Arx Robotics,
Speaker 1: Titan Technologies which makes drones, and so it said that
Speaker 1: you know, this particular deal, which is much bigger than
Speaker 1: deals that it has done previously, would help it reach
Speaker 1: its twenty thirty targets. Earlier, we've seen this deal making
Speaker 1: activity pick up quite a bit in the defense sector.
Speaker 1: Just earlier this week we had this big a deal
Speaker 1: with Talis buying the drone summarine drone company Excel Technology.
Speaker 1: So it looks like, you know, there's a bit of
Speaker 1: a pick up there in terms of dealmaking activity with
Speaker 1: the deud Steel analysts are saying that it makes sense,
Speaker 1: although they are quite surprised by how big of a
Speaker 1: deal this is. But overall it seems that they're quite
Speaker 1: keen because we've seen the shares are very strongly this morning.
Speaker 5: And Curry the biggest drag on the foot seat six.
Speaker 5: Oh so excuse me on the six stock sectem I'm
Speaker 5: not the foot sea today is Astrozemeka shares down nearly
Speaker 5: ten percent. It comes to a trial for a gene
Speaker 5: silence a drug. What's one of those when it's at home?
Speaker 1: Yeah, So this is due to disappointing clinical trial results
Speaker 1: for Astrasenica. And so the drug in question, it's called
Speaker 1: when you Are it's made in a collaboration with a
Speaker 1: company called Ionis Pharmaceutical and it's a gene silencer. So
Speaker 1: gene silento is something that suppresses the production of abnormal
Speaker 1: proteins in the liver. And so the trial was to
Speaker 1: see if it could also help prevent heart problems in
Speaker 1: patients with a rare version of heart disease. But unfortunately
Speaker 1: when Ya did not manage to do that and to
Speaker 1: reduce cardiovascular events or death related to heart problems. And
Speaker 1: so that's a really big setback for Astrazenica from an
Speaker 1: unex perspective to begin with, because the successful trial could
Speaker 1: have led to.
Speaker 4: Billions of dollars more in cells.
Speaker 1: But it's also strategic setback because Astrasenica has been really
Speaker 1: looking to establish itself in that disease area and that
Speaker 1: particular drug in this particular trial was really a key
Speaker 1: pillar for that. So big setback there, and as we
Speaker 1: can see, the HIRS have taken a major hit on
Speaker 1: the back of that.
Speaker 3: Yeah, so that on astra Zeneca and that disappointing drug
Speaker 3: trial issue. The IT Firm Computer Center now has managed
Speaker 3: to switch investors on.
Speaker 1: Yes, it has so computer Center being this IT services company,
Speaker 1: so essentially supplying laptops to companies in the public sector
Speaker 1: and making sure that they're working properly.
Speaker 4: And this is apparently a great sector to be and
Speaker 4: you know, the.
Speaker 1: Company has had I said that it expects the four
Speaker 1: year results to be comfortably ahead of expectations. It also
Speaker 1: expects the first half profit to be double that of
Speaker 1: last year, and so that is doing very very well.
Speaker 1: And the growth driver has primarily been the US, where
Speaker 1: it's seeing a very very strong demand from hyperscalers that
Speaker 1: are spending a lot on all of all of that,
Speaker 1: and today's share price boost of that was really strong,
Speaker 1: brings THEE to day gains at fifty six percent. So
Speaker 1: it's one of those kind of behind the scenes beneficiaries
Speaker 1: of the AI boom, and it's doing very very well
Speaker 1: and we are seeing that this morning.
Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us
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