WEBVTT - Novo Nordisk Rises, Centrica Gains, Inditex Up

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Time now to look at some stocks on the move

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<v Speaker 1>today here in Europe, and we're joined by Bloomberg reporter

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<v Speaker 1>Chloe Malay. Good morning, Good morning.

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<v Speaker 2>Let's start with Nova Nordisk.

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<v Speaker 1>Gains there and that's due to an update from Berenberg. Yeah,

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<v Speaker 1>absolutely so, some good news for Nova Nordisk after quite

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<v Speaker 1>a few setbacks recently. As you said, it was raised

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<v Speaker 1>to a BI rating at Behrenberg, which said that it

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<v Speaker 1>now actually prefers Nova Nordisk over Eli Liddy, which obviously

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<v Speaker 1>it's it's its biggest and most direct rival in that

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<v Speaker 1>obesity weight loss space. Berenberg analyst said that Nova now

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<v Speaker 1>has fresh ammunition to fight back against Eli Liddy thanks

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<v Speaker 1>to a few things. So there's been a few approval

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<v Speaker 1>so we'll go. VI got us approval to treat a

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<v Speaker 1>serious form of liver disease recently, there's approval for heart

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<v Speaker 1>failure that's also expected towards the end of the year.

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<v Speaker 1>And then another really big catalyst is going to be

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<v Speaker 1>the launch of oral, we'll go over next year. Elai

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<v Speaker 1>Lidy's beast t pill looks also to be a potential

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<v Speaker 1>major win for for Eli Lidly, but it doesn't prompts

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<v Speaker 1>as much weight loss as as the shot, but it

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<v Speaker 1>could be easier to produce, easier to use, maybe cheaper.

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<v Speaker 1>So that could have been potentially another setback for nervan Ordist,

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<v Speaker 1>but investors don't seem two phase by that, and the

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<v Speaker 1>upgrade was seen as as a as a welcome boost

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<v Speaker 1>and and Nevanadist chairs were up this morning on the

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<v Speaker 1>back of that. Despite this, this those good news from

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<v Speaker 1>Elai Lily as well.

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<v Speaker 2>Let's talk utilities. Good news for Centrica from Morgan Stanley.

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<v Speaker 1>Yeah, Morgan Stanley upgraded Centrica to an overweight or by

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<v Speaker 1>rating this morning. It said that it was now a

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<v Speaker 1>top pick in the UK utility sector. It said the

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<v Speaker 1>shares one we're not valuing fully valuing Centrica's existing business.

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<v Speaker 1>But then there was also, in addition to that, potential

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<v Speaker 1>upside from some of the deals that Centrica did recently.

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<v Speaker 1>So that includes of course the nuclear stations side as well.

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<v Speaker 1>See so Centrica agreed to take a fifteen percent stake

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<v Speaker 1>in that in that nuclear power plant, and then another

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<v Speaker 1>deal was with Energy Capital Partners to jointly purchase the

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<v Speaker 1>UK's a grain liquefied natural gas terminal from natural from

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<v Speaker 1>sorry National Grade for one point five billion pounds. So

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<v Speaker 1>those two deals are going to be creating a lot

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<v Speaker 1>of upside for Centrica, according to Morgan Stanley. So it's

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<v Speaker 1>all very positive in there in that utility sector, okay.

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<v Speaker 1>On Indo Text also skewing up. Why so Intertext, the

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<v Speaker 1>owner of Zara, of course, upgraded to buy at ubs

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<v Speaker 1>this morning. Analysts at Ubs said that they feel confident

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<v Speaker 1>in Intertext's long term growth following a very strong start

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<v Speaker 1>to the autumn winter season. They also said that there

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<v Speaker 1>has been the quite a lot of shared decline over

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<v Speaker 1>the last three quarters, which means that it was also

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<v Speaker 1>now quite an attractive entry point for Intertext. The good

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<v Speaker 1>start to the season that they mentioned is is based

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<v Speaker 1>on last week's update from ind Text, who said that

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<v Speaker 1>the sales at the start of the third quarter were

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<v Speaker 1>up nine percent and that was that drove the chares higher,

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<v Speaker 1>and then this upgrade drove the chares even higher this morning.

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<v Speaker 1>There's still some concerns over tariffs over software consumer demand

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<v Speaker 1>of course, and also some currency fluctuations that will probably

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<v Speaker 1>weigh a little bit on intertext going forward, But so far,

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<v Speaker 1>so far, so good, and a good start for that

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<v Speaker 1>Spanish retailing sector as well.

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<v Speaker 2>Auto with the Bloomberg Business app. Mm hmm.