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: Let's take a look at some stocks on the move
Speaker 3: today in Europe. I'm Stephen Carroll with Caroline Hepger and
Speaker 3: we're joined by Bloomberg Spriggini's editor Louise Moon.
Speaker 4: Louise, good morning.
Speaker 3: So we're starting with an impressive debut for Asta Energy.
Speaker 1: Indeed, this is an electrical power equipment firm, so essentially
Speaker 1: they make products that are copper based for the energy transition,
Speaker 1: so very strategically important at the moment, and you can
Speaker 1: see that being fed through into the demand for their IPOs.
Speaker 1: The IPO was fifteen times oversubscribed, so really shows how.
Speaker 4: Much demand there was for that.
Speaker 1: And then, as you say, they've debut today in Frankfurt
Speaker 1: and shares are soaring though, up as much as forty
Speaker 1: six percent this morning. So offer price was twenty nine
Speaker 1: nine fifty euros a share and they opened at forty
Speaker 1: three euros a share, so doing really well in their
Speaker 1: debut over in Germany.
Speaker 4: And then in.
Speaker 1: Terms of kind of the wider listing, context in Europe,
Speaker 1: it follows a few big listings that you know, the years.
Speaker 4: Started off quite well.
Speaker 1: We had CSG in Amsterdam about a week ago that
Speaker 1: was one of Europe's largest in years. So it's another
Speaker 1: bit of a success story. But as I say, this
Speaker 1: is kind of really based around the demand for copper
Speaker 1: products and the energy to transition as the world you know,
Speaker 1: moves more towards electric vehicles and the likes of that.
Speaker 5: Yeah, absolutely so as the energy solutions. Meanwhile, speaking of
Speaker 5: our stocks to watch, we have swatched what's start of interest.
Speaker 1: So to watch shares rising rose the most since October
Speaker 1: this morning. That's after a upbeat growth outlook. So they've
Speaker 1: had a bit of a rebound in demand in the
Speaker 1: second half of twenty twenty five. Following what has been
Speaker 1: a difficult Periodwatch has been grappling with a lot of
Speaker 1: weakness in China, a key market, also declining exports to
Speaker 1: the US after tariffs. Of course, Trump imposed initially imposed
Speaker 1: thirty niner cent tariffs on imports from Switzerland that was
Speaker 1: since reduced to fifteen percent, but still above kind of
Speaker 1: historic Hyes, So this Swatch has been grappling with a
Speaker 1: lot of this and you can see that in their shares.
Speaker 4: Their shares have really fallen.
Speaker 1: In value and they're now among one of the most
Speaker 1: shorted stocks on the wider European benchmark. But this morning
Speaker 1: things were looking more upbeat, and this is saying that
Speaker 1: it's showing encouraging revenue trends, a healthy improvement, and that's
Speaker 1: overshadowing what was actually a miss on operating profits. So
Speaker 1: more positive, more positivity ahead, and that's being the real focus.
Speaker 5: I'm chuckling, Stephen, because I've actually, you know, somewhere in
Speaker 5: a drawer. I'm sure I have a swatch from the
Speaker 5: nineties eighties.
Speaker 4: Possibly is it's back in.
Speaker 3: Straight to vnted with the Yuka and heat to look
Speaker 3: at the value of that. Let's Louise just round off
Speaker 3: then with a look at experience. Their shares up three
Speaker 3: point four percent at the moment.
Speaker 1: In London, Yes, another good story this morning. They're leading
Speaker 1: foot TEO hundred I say, shares up. They announced eight
Speaker 1: a billion dollar buy back. They say they're trading strongly.
Speaker 1: They expect to end the year in what they call
Speaker 1: a favorable leverage position, so that buyback will finish by
Speaker 1: the end of June twenty twenty seven, and shares are
Speaker 1: up on that news.
Speaker 4: It marks a bit of a turnaround.
Speaker 1: Their shares actually fell to a two year low earlier
Speaker 1: this week. They are kind of traditionally usually quite a
Speaker 1: favorite stock among analysts, but investors have said, or we're
Speaker 1: saying are saying, that they are going to suffer as
Speaker 1: AI automates credit scoring. So they're considered among some analysts
Speaker 1: to be an AI loser in one of the analysts words,
Speaker 1: but announced that by back this morning, shares up, and
Speaker 1: I mean, you know, if you look at their ratings,
Speaker 1: the consensus they still got twenty buys compared to two
Speaker 1: cells and consensuses is nearing five four point six four
Speaker 1: among annas, so so high ratings still and that buyback
Speaker 1: news this morning the.
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