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 00:00:16,600 --> 00:00:18,319 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,400 --> 00:00:20,560 Speaker 3: the move today in Europe. I'm Stephen Carroll and I'm 6 00:00:20,640 --> 00:00:23,759 Speaker 3: joined by Bloomberg reporter Chloe Melee coloed. Good morning. Let's 7 00:00:23,800 --> 00:00:27,880 Speaker 3: start off with Brunello Kuchinelli. A slew of news there, earnings, 8 00:00:27,880 --> 00:00:29,640 Speaker 3: but more as well. What can you tell us? 9 00:00:29,920 --> 00:00:33,360 Speaker 1: Yeah, so Brnello Cucinelli reported a jump in cells this morning, 10 00:00:33,440 --> 00:00:36,479 Speaker 1: and it also reaffirmed its targets for the year of 11 00:00:36,479 --> 00:00:39,440 Speaker 1: ten percent revenue growth. But perhaps more importantly than the 12 00:00:39,560 --> 00:00:41,520 Speaker 1: juicier part of the news today is that it did 13 00:00:41,560 --> 00:00:44,240 Speaker 1: push back against claims from a short seller. So short 14 00:00:44,240 --> 00:00:48,000 Speaker 1: seller Morpheus Research alleged a few days ago that Kuchinelli 15 00:00:48,280 --> 00:00:51,720 Speaker 1: continues to operate stores in Russia despite sanctions of course 16 00:00:51,720 --> 00:00:54,240 Speaker 1: inposts on the country, and even though the company said 17 00:00:54,280 --> 00:00:56,360 Speaker 1: that it had closed them, and that led to this 18 00:00:56,520 --> 00:00:59,959 Speaker 1: massive dip in the shares that's now recovered a little bit. 19 00:01:00,560 --> 00:01:03,600 Speaker 1: Brinelucationally said that all of its flagship stores in Russia 20 00:01:03,720 --> 00:01:06,960 Speaker 1: have always remained closed after the sanctions were introduced, and 21 00:01:07,000 --> 00:01:09,720 Speaker 1: the CEO. The co CEO said, the Russian business is 22 00:01:09,760 --> 00:01:12,479 Speaker 1: like a candle that is burning out. So it seems 23 00:01:12,480 --> 00:01:15,560 Speaker 1: that the denial of those allegations and the positive outlook 24 00:01:15,640 --> 00:01:18,800 Speaker 1: is reassured investors quite a bit this morning, and shares 25 00:01:18,840 --> 00:01:20,440 Speaker 1: were up on the back of that. It seems that 26 00:01:20,840 --> 00:01:22,920 Speaker 1: those investors are kind of willing to move on from 27 00:01:22,920 --> 00:01:25,839 Speaker 1: this short selling report and maybe focus on that future 28 00:01:25,880 --> 00:01:27,319 Speaker 1: growth for that company. 29 00:01:27,800 --> 00:01:29,920 Speaker 3: Yeah, a very interesting one to watch there as well. 30 00:01:29,959 --> 00:01:32,680 Speaker 3: Let's turn to Zieman's next. It seems to be said 31 00:01:32,720 --> 00:01:35,679 Speaker 3: to be weighing an exit in options in Seemen's Health 32 00:01:35,720 --> 00:01:36,199 Speaker 3: in the years. 33 00:01:36,600 --> 00:01:39,600 Speaker 1: Yeah, so it's exploring a spin off of the majority stick, 34 00:01:39,640 --> 00:01:42,240 Speaker 1: the seventy one percent stick it has got in Semen's 35 00:01:42,280 --> 00:01:45,920 Speaker 1: Health in ISS, which is this medical device medical equipment company. 36 00:01:46,520 --> 00:01:49,560 Speaker 1: So Bloomberg Intelligence said that a spinoff would sharp and 37 00:01:49,640 --> 00:01:52,920 Speaker 1: strategic clarity for Simmons, essentially turning it into more of 38 00:01:52,960 --> 00:01:56,440 Speaker 1: an industrial tech a company rather than the very diversified 39 00:01:56,560 --> 00:01:59,600 Speaker 1: conglomerate that it is currently. They also said that, I 40 00:01:59,640 --> 00:02:03,400 Speaker 1: would say amplify the group structure potentially also boost valuation. 41 00:02:04,160 --> 00:02:07,040 Speaker 1: The interesting thing here is that this is a spinoff 42 00:02:07,160 --> 00:02:10,960 Speaker 1: like that of a listed subsidiary, is quite an untested structure, 43 00:02:11,040 --> 00:02:14,160 Speaker 1: especially in Germany. A direct spin off it would be 44 00:02:14,240 --> 00:02:16,120 Speaker 1: quite a rare move for a German company and it 45 00:02:16,160 --> 00:02:19,560 Speaker 1: could potentially lead to a big tax hit for investors, 46 00:02:20,080 --> 00:02:22,440 Speaker 1: so seamers will need to figure out maybe a way 47 00:02:22,520 --> 00:02:26,120 Speaker 1: to lessen that impact. Another option would be to retain 48 00:02:26,120 --> 00:02:29,359 Speaker 1: the minority at stake and then that it could sell 49 00:02:29,440 --> 00:02:32,400 Speaker 1: later on to fund other deals. So there's a lot 50 00:02:32,440 --> 00:02:35,400 Speaker 1: of different options and it's kind of unclear yet what 51 00:02:35,520 --> 00:02:37,760 Speaker 1: options it will choose. In any case, none of this 52 00:02:37,800 --> 00:02:40,760 Speaker 1: would happen until next year at the earliest, so definitely 53 00:02:40,800 --> 00:02:42,560 Speaker 1: something to keep an eye on. But in the meantime, 54 00:02:42,880 --> 00:02:44,880 Speaker 1: the shares on but in both of these companies were 55 00:02:44,960 --> 00:02:47,360 Speaker 1: up as slightly this morning on the back of that. 56 00:02:48,080 --> 00:02:50,680 Speaker 3: Okay, so let's turn it over a Nordisk next. We 57 00:02:50,720 --> 00:02:52,440 Speaker 3: did have some headlines at the open of trading in 58 00:02:52,440 --> 00:02:55,840 Speaker 3: Europe today shares rising by as much as four point 59 00:02:55,919 --> 00:02:58,840 Speaker 3: eight percent. Paired some of those gain sts what's behind 60 00:02:58,880 --> 00:02:59,200 Speaker 3: the move? 61 00:03:00,000 --> 00:03:03,120 Speaker 1: So it got upgraded to a by rating to HSBC, 62 00:03:03,280 --> 00:03:05,359 Speaker 1: so was at a hold rating now it's a buy 63 00:03:05,840 --> 00:03:08,079 Speaker 1: and Lisz said that Nova might be able to kind 64 00:03:08,080 --> 00:03:11,520 Speaker 1: of gradually turn a corner, especially if it focuses on 65 00:03:11,560 --> 00:03:15,120 Speaker 1: two of its important channels, which are the reimbust medical 66 00:03:15,200 --> 00:03:19,160 Speaker 1: channel and then the Director consumer channel as well. HSBC 67 00:03:19,200 --> 00:03:22,440 Speaker 1: analysts did say that the next generation portfolio at Nova 68 00:03:22,680 --> 00:03:26,840 Speaker 1: is suboptimal compared to Eli Lilly's portfoliobviously the most direct 69 00:03:26,960 --> 00:03:30,200 Speaker 1: rival for Nova Nordisk, though it did note that some trials, 70 00:03:30,200 --> 00:03:34,079 Speaker 1: including the Evoke trial for Alzheimer's, could be a potential catalyst. 71 00:03:34,120 --> 00:03:36,160 Speaker 1: So overall, it seems that things are moving in the 72 00:03:36,200 --> 00:03:39,240 Speaker 1: right direction for Nova Nordisk. Just yesterday was also up 73 00:03:39,480 --> 00:03:42,400 Speaker 1: on the back of Pfizer striking this deal with the 74 00:03:42,400 --> 00:03:45,640 Speaker 1: Trump administration to lower drug prices in exchange for a 75 00:03:45,680 --> 00:03:48,600 Speaker 1: TIERF reprief, so, you know, analyst said that could open 76 00:03:48,600 --> 00:03:51,560 Speaker 1: the door to other farmer companies striking similar deals, and 77 00:03:51,600 --> 00:03:53,880 Speaker 1: so it was also up on the back of that. 78 00:03:53,960 --> 00:03:56,240 Speaker 1: So it seems that things are pointing in the right direction, 79 00:03:56,320 --> 00:03:59,040 Speaker 1: that Nova is turning a corner after a quite a 80 00:03:59,080 --> 00:04:04,000 Speaker 1: lot of weakness throughout the. 81 00:04:01,960 --> 00:04:06,200 Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us 82 00:04:06,200 --> 00:04:09,000 Speaker 2: throughout the day for the latest roundup of companies making 83 00:04:09,080 --> 00:04:12,680 Speaker 2: news on Wall Street, and for the latest market moving headlines, 84 00:04:12,920 --> 00:04:16,919 Speaker 2: listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 85 00:04:16,960 --> 00:04:20,039 Speaker 2: dot com, and on Applecarplay and Android Auto with the 86 00:04:20,080 --> 00:04:21,440 Speaker 2: Bloomberg Business App.