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 --> 00:00:16,160 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,400 --> 00:00:18,239 Speaker 1: Time now to look at some stocks on the move 5 00:00:18,280 --> 00:00:20,560 Speaker 1: today here in Europe, and we're joined by Bloomberg reporter 6 00:00:20,840 --> 00:00:22,760 Speaker 1: Chloe Malay. Good morning, Good morning. 7 00:00:22,840 --> 00:00:24,240 Speaker 2: Let's start with Nova Nordisk. 8 00:00:24,480 --> 00:00:29,080 Speaker 1: Gains there and that's due to an update from Berenberg. Yeah, 9 00:00:29,120 --> 00:00:31,880 Speaker 1: absolutely so, some good news for Nova Nordisk after quite 10 00:00:31,920 --> 00:00:34,480 Speaker 1: a few setbacks recently. As you said, it was raised 11 00:00:34,520 --> 00:00:37,120 Speaker 1: to a BI rating at Behrenberg, which said that it 12 00:00:37,159 --> 00:00:41,000 Speaker 1: now actually prefers Nova Nordisk over Eli Liddy, which obviously 13 00:00:41,000 --> 00:00:43,720 Speaker 1: it's it's its biggest and most direct rival in that 14 00:00:43,800 --> 00:00:47,839 Speaker 1: obesity weight loss space. Berenberg analyst said that Nova now 15 00:00:47,920 --> 00:00:51,480 Speaker 1: has fresh ammunition to fight back against Eli Liddy thanks 16 00:00:51,520 --> 00:00:54,040 Speaker 1: to a few things. So there's been a few approval 17 00:00:54,080 --> 00:00:56,639 Speaker 1: so we'll go. VI got us approval to treat a 18 00:00:56,680 --> 00:01:00,360 Speaker 1: serious form of liver disease recently, there's approval for heart 19 00:01:00,400 --> 00:01:03,320 Speaker 1: failure that's also expected towards the end of the year. 20 00:01:03,520 --> 00:01:05,840 Speaker 1: And then another really big catalyst is going to be 21 00:01:05,880 --> 00:01:09,240 Speaker 1: the launch of oral, we'll go over next year. Elai 22 00:01:09,319 --> 00:01:11,759 Speaker 1: Lidy's beast t pill looks also to be a potential 23 00:01:11,800 --> 00:01:15,920 Speaker 1: major win for for Eli Lidly, but it doesn't prompts 24 00:01:15,959 --> 00:01:18,680 Speaker 1: as much weight loss as as the shot, but it 25 00:01:18,720 --> 00:01:21,560 Speaker 1: could be easier to produce, easier to use, maybe cheaper. 26 00:01:21,600 --> 00:01:24,920 Speaker 1: So that could have been potentially another setback for nervan Ordist, 27 00:01:25,000 --> 00:01:27,440 Speaker 1: but investors don't seem two phase by that, and the 28 00:01:27,520 --> 00:01:30,520 Speaker 1: upgrade was seen as as a as a welcome boost 29 00:01:31,319 --> 00:01:34,920 Speaker 1: and and Nevanadist chairs were up this morning on the 30 00:01:34,959 --> 00:01:38,520 Speaker 1: back of that. Despite this, this those good news from 31 00:01:38,520 --> 00:01:40,199 Speaker 1: Elai Lily as well. 32 00:01:40,240 --> 00:01:44,000 Speaker 2: Let's talk utilities. Good news for Centrica from Morgan Stanley. 33 00:01:44,600 --> 00:01:47,840 Speaker 1: Yeah, Morgan Stanley upgraded Centrica to an overweight or by 34 00:01:47,960 --> 00:01:50,320 Speaker 1: rating this morning. It said that it was now a 35 00:01:50,400 --> 00:01:53,680 Speaker 1: top pick in the UK utility sector. It said the 36 00:01:53,720 --> 00:01:58,600 Speaker 1: shares one we're not valuing fully valuing Centrica's existing business. 37 00:01:59,080 --> 00:02:01,520 Speaker 1: But then there was also, in addition to that, potential 38 00:02:01,600 --> 00:02:05,000 Speaker 1: upside from some of the deals that Centrica did recently. 39 00:02:05,080 --> 00:02:08,600 Speaker 1: So that includes of course the nuclear stations side as well. 40 00:02:08,639 --> 00:02:11,720 Speaker 1: See so Centrica agreed to take a fifteen percent stake 41 00:02:11,840 --> 00:02:14,600 Speaker 1: in that in that nuclear power plant, and then another 42 00:02:14,639 --> 00:02:19,520 Speaker 1: deal was with Energy Capital Partners to jointly purchase the 43 00:02:19,600 --> 00:02:24,200 Speaker 1: UK's a grain liquefied natural gas terminal from natural from 44 00:02:24,280 --> 00:02:27,040 Speaker 1: sorry National Grade for one point five billion pounds. So 45 00:02:27,040 --> 00:02:29,120 Speaker 1: those two deals are going to be creating a lot 46 00:02:29,120 --> 00:02:33,680 Speaker 1: of upside for Centrica, according to Morgan Stanley. So it's 47 00:02:33,440 --> 00:02:37,720 Speaker 1: all very positive in there in that utility sector, okay. 48 00:02:38,400 --> 00:02:42,320 Speaker 1: On Indo Text also skewing up. Why so Intertext, the 49 00:02:42,360 --> 00:02:45,120 Speaker 1: owner of Zara, of course, upgraded to buy at ubs 50 00:02:45,160 --> 00:02:48,639 Speaker 1: this morning. Analysts at Ubs said that they feel confident 51 00:02:48,800 --> 00:02:53,720 Speaker 1: in Intertext's long term growth following a very strong start 52 00:02:53,760 --> 00:02:57,799 Speaker 1: to the autumn winter season. They also said that there 53 00:02:57,840 --> 00:03:00,240 Speaker 1: has been the quite a lot of shared decline over 54 00:03:00,280 --> 00:03:03,240 Speaker 1: the last three quarters, which means that it was also 55 00:03:03,280 --> 00:03:09,119 Speaker 1: now quite an attractive entry point for Intertext. The good 56 00:03:09,160 --> 00:03:12,440 Speaker 1: start to the season that they mentioned is is based 57 00:03:12,440 --> 00:03:14,880 Speaker 1: on last week's update from ind Text, who said that 58 00:03:15,160 --> 00:03:18,120 Speaker 1: the sales at the start of the third quarter were 59 00:03:18,240 --> 00:03:22,600 Speaker 1: up nine percent and that was that drove the chares higher, 60 00:03:22,600 --> 00:03:25,480 Speaker 1: and then this upgrade drove the chares even higher this morning. 61 00:03:25,919 --> 00:03:29,560 Speaker 1: There's still some concerns over tariffs over software consumer demand 62 00:03:29,600 --> 00:03:33,720 Speaker 1: of course, and also some currency fluctuations that will probably 63 00:03:33,960 --> 00:03:37,640 Speaker 1: weigh a little bit on intertext going forward, But so far, 64 00:03:38,080 --> 00:03:40,280 Speaker 1: so far, so good, and a good start for that 65 00:03:40,320 --> 00:03:42,040 Speaker 1: Spanish retailing sector as well. 66 00:03:43,560 --> 00:03:47,560 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 67 00:03:47,640 --> 00:03:50,240 Speaker 2: us throughout the day for the latest roundup of companies 68 00:03:50,320 --> 00:03:53,400 Speaker 2: making news on Wall Street and for the latest market 69 00:03:53,440 --> 00:03:57,920 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:58,000 --> 00:04:01,040 Speaker 2: Bloomberg dot com, and on Apple, our Play and Android 71 00:04:01,040 --> 00:04:07,800 Speaker 2: Auto with the Bloomberg Business app. Mm hmm.