WEBVTT - Anglo American Dips, Novo Nordisk Drops, Intensa Down 

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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 3>Well, let's take a look at some stocks on the

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<v Speaker 3>move today in Europe. I'm Stephen Carroll with Caroline Hepker,

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<v Speaker 3>and we're joined by Bloomberg's Breaking News editor Louise Me

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<v Speaker 3>and Louise good morning. So we're seeing somewhat of a

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<v Speaker 3>stabilization following the route and metal markets gold and silver

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<v Speaker 3>are still down fairly significantly on the day, but that

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<v Speaker 3>means big moves too in mining stocks, it does.

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<v Speaker 1>Yeah, So if you look at the Footze hundred for

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<v Speaker 1>example in London, the top drags pretty much all of

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<v Speaker 1>them are miners. So we've got Fresnillo, Endeva, Anti, Fagusta,

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<v Speaker 1>Anglo American, all of kind of the big names. And

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<v Speaker 1>we're also seeing that that kind of ripple across Europe

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<v Speaker 1>as well. So it's not just the Footsie in London

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<v Speaker 1>that's being impacted. As you say, that's coming after metal

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<v Speaker 1>surge in January and investors in particular piling in over

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<v Speaker 1>doubts over the dollar and among other reasons as well,

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<v Speaker 1>and that and then more recently there's been that sell

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<v Speaker 1>off triggered in part by you know, the new FED chair,

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<v Speaker 1>and then those declines have been gathering momentum but starting

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<v Speaker 1>to stabilize a bit today, but as I say, still

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<v Speaker 1>kind of being the main drag there on the foot seat.

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<v Speaker 3>Yeah.

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<v Speaker 4>Absolutely, and you're you're seeing it as you say, on

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<v Speaker 4>the USOX six hundred. Yeah, some big, big declines first

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<v Speaker 4>and low down by three point seven percent. Just as

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<v Speaker 4>an example elsewhere, never more disc Shares in the Danish

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<v Speaker 4>drug maker falling. Why is that?

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<v Speaker 1>Yeah, shares down at one point this morning over about

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<v Speaker 1>three percent. That's after a downgrade by ABG. They downgraded

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<v Speaker 1>Novo from a buy to a hold. This is ahead

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<v Speaker 1>of their fourth quarter results on Wednesday, and ABG are

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<v Speaker 1>essentially saying they don't expect those results to d risk

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<v Speaker 1>They what they call de risk the twenty twenty six

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<v Speaker 1>investor stories. So essentially they think that the fall court

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<v Speaker 1>will show an attractive long term path in terms of

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<v Speaker 1>the growth of their OBC drugs, but also a rocky

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<v Speaker 1>couple of years ahead, so some near term challenges in

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<v Speaker 1>the years ahead, and those could kind of outshine overall

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<v Speaker 1>volume growth essentially, So if you take a bit of

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<v Speaker 1>a step back and you look at their stock, the

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<v Speaker 1>stock did well to start the year, so it did

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<v Speaker 1>well in January. It rose about fourteen percent. That was

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<v Speaker 1>a bit of a bounce back from what was their

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<v Speaker 1>worst ever year. So if you look even further back,

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<v Speaker 1>Novo peaked in twenty twenty four and then it's slumped

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<v Speaker 1>quite heavily since then. So January was a bit of

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<v Speaker 1>a bright spell for them, But overall they're still kind

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<v Speaker 1>of struggling, partly against their rival Eli Lilly. They've had

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<v Speaker 1>some disappointing clinical trial results last year, they had quite

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<v Speaker 1>a few profit warnings, They've got a new CEO, so

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<v Speaker 1>they still got quite a lot of things to contend

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<v Speaker 1>with and prove themselves to invest and this downgrade this

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<v Speaker 1>morning kind of indicates that. And if you look generally

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<v Speaker 1>at their analyst consensus, it has fallen more recently and

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<v Speaker 1>most analysts have no vote at a hold, so there's

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<v Speaker 1>a bit of kind of anticipation over their future trajectory,

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<v Speaker 1>you could say, and more will be shown really in

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<v Speaker 1>their fourth quarter results on Wednesday.

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<v Speaker 3>Okay, Well, turning next to the Italian Bank, Contessa San Paolo,

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<v Speaker 3>their shares falling after announcing plans to return about fifty

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<v Speaker 3>billion euros to shareholders over the next five years.

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<v Speaker 1>Yeah, so seemingly well, that seems like positive news. So, yeah,

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<v Speaker 1>fifty billion to share holders through twenty twenty nine. So

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<v Speaker 1>the target is ninety five percent of profits will be

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<v Speaker 1>given back, and that's a mix of buybacks and cash dividends.

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<v Speaker 1>This is all part of the CEO's wider strategy that

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<v Speaker 1>he has been doing for some time, so prioritizing payouts

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<v Speaker 1>over large deals. So if you look at kind of

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<v Speaker 1>other bigger Allan banks that they've been pursuing M and

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<v Speaker 1>A and that's kind of reshaping Italian finance, whereas Intez

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<v Speaker 1>has been prioritizing cutting costs, cutting risk, boosting their fee

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<v Speaker 1>business to boost overall profits. That's been their widest strategy.

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<v Speaker 1>Their fourth court results also this morning, they came in

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<v Speaker 1>better than expected, but as you say, the stock did

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<v Speaker 1>fall and lesser, essentially saying that their targets are kind

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<v Speaker 1>of as expected, not ambitious, not as ambitious as they

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<v Speaker 1>had hoped. So despite that fifty billion euro buy back

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<v Speaker 1>to investors through twenty twenty nine, shares have fallen.

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<v Speaker 2>Today the Stock Movers Report from Bloomberg Radio. Check back

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<v Speaker 2>with us throughout the day for the latest roundup of

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