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 1: Time now to look at some stocks on the move
Speaker 1: today here in Europe, and we're joined by Bloomberg reporter
Speaker 1: Chloe Malay. Good morning, Good morning.
Speaker 2: Let's start with Nova Nordisk.
Speaker 1: Gains there and that's due to an update from Berenberg. Yeah,
Speaker 1: absolutely so, some good news for Nova Nordisk after quite
Speaker 1: a few setbacks recently. As you said, it was raised
Speaker 1: to a BI rating at Behrenberg, which said that it
Speaker 1: now actually prefers Nova Nordisk over Eli Liddy, which obviously
Speaker 1: it's it's its biggest and most direct rival in that
Speaker 1: obesity weight loss space. Berenberg analyst said that Nova now
Speaker 1: has fresh ammunition to fight back against Eli Liddy thanks
Speaker 1: to a few things. So there's been a few approval
Speaker 1: so we'll go. VI got us approval to treat a
Speaker 1: serious form of liver disease recently, there's approval for heart
Speaker 1: failure that's also expected towards the end of the year.
Speaker 1: And then another really big catalyst is going to be
Speaker 1: the launch of oral, we'll go over next year. Elai
Speaker 1: Lidy's beast t pill looks also to be a potential
Speaker 1: major win for for Eli Lidly, but it doesn't prompts
Speaker 1: as much weight loss as as the shot, but it
Speaker 1: could be easier to produce, easier to use, maybe cheaper.
Speaker 1: So that could have been potentially another setback for nervan Ordist,
Speaker 1: but investors don't seem two phase by that, and the
Speaker 1: upgrade was seen as as a as a welcome boost
Speaker 1: and and Nevanadist chairs were up this morning on the
Speaker 1: back of that. Despite this, this those good news from
Speaker 1: Elai Lily as well.
Speaker 2: Let's talk utilities. Good news for Centrica from Morgan Stanley.
Speaker 1: Yeah, Morgan Stanley upgraded Centrica to an overweight or by
Speaker 1: rating this morning. It said that it was now a
Speaker 1: top pick in the UK utility sector. It said the
Speaker 1: shares one we're not valuing fully valuing Centrica's existing business.
Speaker 1: But then there was also, in addition to that, potential
Speaker 1: upside from some of the deals that Centrica did recently.
Speaker 1: So that includes of course the nuclear stations side as well.
Speaker 1: See so Centrica agreed to take a fifteen percent stake
Speaker 1: in that in that nuclear power plant, and then another
Speaker 1: deal was with Energy Capital Partners to jointly purchase the
Speaker 1: UK's a grain liquefied natural gas terminal from natural from
Speaker 1: sorry National Grade for one point five billion pounds. So
Speaker 1: those two deals are going to be creating a lot
Speaker 1: of upside for Centrica, according to Morgan Stanley. So it's
Speaker 1: all very positive in there in that utility sector, okay.
Speaker 1: On Indo Text also skewing up. Why so Intertext, the
Speaker 1: owner of Zara, of course, upgraded to buy at ubs
Speaker 1: this morning. Analysts at Ubs said that they feel confident
Speaker 1: in Intertext's long term growth following a very strong start
Speaker 1: to the autumn winter season. They also said that there
Speaker 1: has been the quite a lot of shared decline over
Speaker 1: the last three quarters, which means that it was also
Speaker 1: now quite an attractive entry point for Intertext. The good
Speaker 1: start to the season that they mentioned is is based
Speaker 1: on last week's update from ind Text, who said that
Speaker 1: the sales at the start of the third quarter were
Speaker 1: up nine percent and that was that drove the chares higher,
Speaker 1: and then this upgrade drove the chares even higher this morning.
Speaker 1: There's still some concerns over tariffs over software consumer demand
Speaker 1: of course, and also some currency fluctuations that will probably
Speaker 1: weigh a little bit on intertext going forward, But so far,
Speaker 1: so far, so good, and a good start for that
Speaker 1: Spanish retailing sector as well.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
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Speaker 2: making news on Wall Street and for the latest market
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Speaker 2: Auto with the Bloomberg Business app. Mm hmm.