1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,720 --> 00:00:18,280 Speaker 3: Let's take a look at some stocks on the move 5 00:00:18,320 --> 00:00:21,119 Speaker 3: today in Europe. I'm Stephen Carroll with Caroline Hepger and 6 00:00:21,160 --> 00:00:24,040 Speaker 3: we're joined by Bloomberg Spriggini's editor Louise Moon. 7 00:00:24,079 --> 00:00:25,200 Speaker 4: Louise, good morning. 8 00:00:25,280 --> 00:00:28,800 Speaker 3: So we're starting with an impressive debut for Asta Energy. 9 00:00:29,680 --> 00:00:33,760 Speaker 1: Indeed, this is an electrical power equipment firm, so essentially 10 00:00:33,840 --> 00:00:37,519 Speaker 1: they make products that are copper based for the energy transition, 11 00:00:37,640 --> 00:00:41,919 Speaker 1: so very strategically important at the moment, and you can 12 00:00:41,960 --> 00:00:46,040 Speaker 1: see that being fed through into the demand for their IPOs. 13 00:00:46,040 --> 00:00:49,760 Speaker 1: The IPO was fifteen times oversubscribed, so really shows how. 14 00:00:49,640 --> 00:00:51,280 Speaker 4: Much demand there was for that. 15 00:00:51,800 --> 00:00:54,120 Speaker 1: And then, as you say, they've debut today in Frankfurt 16 00:00:54,600 --> 00:00:57,200 Speaker 1: and shares are soaring though, up as much as forty 17 00:00:57,240 --> 00:01:00,000 Speaker 1: six percent this morning. So offer price was twenty nine 18 00:01:00,040 --> 00:01:03,000 Speaker 1: nine fifty euros a share and they opened at forty 19 00:01:03,040 --> 00:01:06,560 Speaker 1: three euros a share, so doing really well in their 20 00:01:06,600 --> 00:01:08,240 Speaker 1: debut over in Germany. 21 00:01:08,760 --> 00:01:09,280 Speaker 4: And then in. 22 00:01:09,280 --> 00:01:13,319 Speaker 1: Terms of kind of the wider listing, context in Europe, 23 00:01:13,360 --> 00:01:17,080 Speaker 1: it follows a few big listings that you know, the years. 24 00:01:16,880 --> 00:01:17,720 Speaker 4: Started off quite well. 25 00:01:17,720 --> 00:01:19,840 Speaker 1: We had CSG in Amsterdam about a week ago that 26 00:01:19,920 --> 00:01:23,199 Speaker 1: was one of Europe's largest in years. So it's another 27 00:01:23,240 --> 00:01:25,320 Speaker 1: bit of a success story. But as I say, this 28 00:01:25,400 --> 00:01:28,479 Speaker 1: is kind of really based around the demand for copper 29 00:01:28,480 --> 00:01:32,440 Speaker 1: products and the energy to transition as the world you know, 30 00:01:32,840 --> 00:01:36,560 Speaker 1: moves more towards electric vehicles and the likes of that. 31 00:01:36,920 --> 00:01:41,480 Speaker 5: Yeah, absolutely so as the energy solutions. Meanwhile, speaking of 32 00:01:41,520 --> 00:01:45,839 Speaker 5: our stocks to watch, we have swatched what's start of interest. 33 00:01:46,319 --> 00:01:50,280 Speaker 1: So to watch shares rising rose the most since October 34 00:01:50,360 --> 00:01:54,320 Speaker 1: this morning. That's after a upbeat growth outlook. So they've 35 00:01:54,360 --> 00:01:56,640 Speaker 1: had a bit of a rebound in demand in the 36 00:01:56,680 --> 00:01:59,720 Speaker 1: second half of twenty twenty five. Following what has been 37 00:02:00,160 --> 00:02:03,160 Speaker 1: a difficult Periodwatch has been grappling with a lot of 38 00:02:03,200 --> 00:02:07,080 Speaker 1: weakness in China, a key market, also declining exports to 39 00:02:07,120 --> 00:02:11,560 Speaker 1: the US after tariffs. Of course, Trump imposed initially imposed 40 00:02:11,600 --> 00:02:14,240 Speaker 1: thirty niner cent tariffs on imports from Switzerland that was 41 00:02:14,240 --> 00:02:16,880 Speaker 1: since reduced to fifteen percent, but still above kind of 42 00:02:17,000 --> 00:02:19,440 Speaker 1: historic Hyes, So this Swatch has been grappling with a 43 00:02:19,480 --> 00:02:23,360 Speaker 1: lot of this and you can see that in their shares. 44 00:02:23,400 --> 00:02:25,600 Speaker 4: Their shares have really fallen. 45 00:02:25,320 --> 00:02:28,000 Speaker 1: In value and they're now among one of the most 46 00:02:28,120 --> 00:02:32,600 Speaker 1: shorted stocks on the wider European benchmark. But this morning 47 00:02:32,960 --> 00:02:35,920 Speaker 1: things were looking more upbeat, and this is saying that 48 00:02:35,960 --> 00:02:39,920 Speaker 1: it's showing encouraging revenue trends, a healthy improvement, and that's 49 00:02:39,960 --> 00:02:43,400 Speaker 1: overshadowing what was actually a miss on operating profits. So 50 00:02:44,080 --> 00:02:48,560 Speaker 1: more positive, more positivity ahead, and that's being the real focus. 51 00:02:49,120 --> 00:02:52,200 Speaker 5: I'm chuckling, Stephen, because I've actually, you know, somewhere in 52 00:02:52,240 --> 00:02:55,840 Speaker 5: a drawer. I'm sure I have a swatch from the 53 00:02:55,960 --> 00:02:57,280 Speaker 5: nineties eighties. 54 00:02:57,520 --> 00:03:01,960 Speaker 4: Possibly is it's back in. 55 00:03:02,840 --> 00:03:05,519 Speaker 3: Straight to vnted with the Yuka and heat to look 56 00:03:05,520 --> 00:03:08,440 Speaker 3: at the value of that. Let's Louise just round off 57 00:03:08,440 --> 00:03:11,120 Speaker 3: then with a look at experience. Their shares up three 58 00:03:11,160 --> 00:03:12,360 Speaker 3: point four percent at the moment. 59 00:03:12,400 --> 00:03:16,119 Speaker 1: In London, Yes, another good story this morning. They're leading 60 00:03:16,120 --> 00:03:18,320 Speaker 1: foot TEO hundred I say, shares up. They announced eight 61 00:03:18,360 --> 00:03:21,639 Speaker 1: a billion dollar buy back. They say they're trading strongly. 62 00:03:22,000 --> 00:03:23,560 Speaker 1: They expect to end the year in what they call 63 00:03:23,600 --> 00:03:27,440 Speaker 1: a favorable leverage position, so that buyback will finish by 64 00:03:27,440 --> 00:03:29,640 Speaker 1: the end of June twenty twenty seven, and shares are 65 00:03:29,720 --> 00:03:30,560 Speaker 1: up on that news. 66 00:03:31,240 --> 00:03:32,640 Speaker 4: It marks a bit of a turnaround. 67 00:03:32,680 --> 00:03:35,720 Speaker 1: Their shares actually fell to a two year low earlier 68 00:03:35,720 --> 00:03:39,960 Speaker 1: this week. They are kind of traditionally usually quite a 69 00:03:40,000 --> 00:03:43,360 Speaker 1: favorite stock among analysts, but investors have said, or we're 70 00:03:43,400 --> 00:03:46,640 Speaker 1: saying are saying, that they are going to suffer as 71 00:03:46,720 --> 00:03:52,040 Speaker 1: AI automates credit scoring. So they're considered among some analysts 72 00:03:52,080 --> 00:03:56,440 Speaker 1: to be an AI loser in one of the analysts words, 73 00:03:57,680 --> 00:04:00,360 Speaker 1: but announced that by back this morning, shares up, and 74 00:04:00,400 --> 00:04:03,280 Speaker 1: I mean, you know, if you look at their ratings, 75 00:04:03,280 --> 00:04:06,640 Speaker 1: the consensus they still got twenty buys compared to two 76 00:04:06,720 --> 00:04:11,839 Speaker 1: cells and consensuses is nearing five four point six four 77 00:04:12,120 --> 00:04:16,880 Speaker 1: among annas, so so high ratings still and that buyback 78 00:04:17,040 --> 00:04:17,839 Speaker 1: news this morning the. 79 00:04:18,800 --> 00:04:22,840 Speaker 2: Stock Movers report from Bloomberg Radio. 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