1 00:00:02,520 --> 00:00:07,000 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 00:00:16,840 --> 00:00:18,720 Speaker 3: Let's take a look at some stocks on the move 5 00:00:18,760 --> 00:00:21,520 Speaker 3: today in Europe. I'm Stephen Carroll with Valery title, and 6 00:00:21,520 --> 00:00:24,360 Speaker 3: we're joined by Bloomberger Porter Chloy, Male Chloy. Good morning. 7 00:00:25,040 --> 00:00:27,360 Speaker 3: Let's start with a sector then that's been booming recently, 8 00:00:27,440 --> 00:00:31,120 Speaker 3: precious metals, a jump for Fresnillo. Talk us through what's happening. 9 00:00:31,320 --> 00:00:34,280 Speaker 1: Yeah, well, so Frasnillo is a silver and gold miner 10 00:00:34,320 --> 00:00:37,600 Speaker 1: and it's a really good time to be here. Yeah. Absolutely, 11 00:00:37,800 --> 00:00:39,440 Speaker 1: it's a really good time at the moment to be 12 00:00:39,479 --> 00:00:43,120 Speaker 1: mining those two a particular metals. So as silver recently 13 00:00:43,200 --> 00:00:45,880 Speaker 1: hit an all time peak of eighty four dollars an ounce, 14 00:00:45,920 --> 00:00:48,199 Speaker 1: So this might not mean much for those of us 15 00:00:48,240 --> 00:00:50,680 Speaker 1: who do not operate mines, but for context, it was 16 00:00:50,720 --> 00:00:53,159 Speaker 1: twenty eight dollars anounced back in January. So it's a 17 00:00:53,200 --> 00:00:56,440 Speaker 1: massive jump. And as Valerie was mentioning, silver did for 18 00:00:56,600 --> 00:00:59,240 Speaker 1: today with traders taking profits, there's been quite a lot 19 00:00:59,240 --> 00:01:02,120 Speaker 1: of volatility, but it's still an incredible run for the 20 00:01:02,160 --> 00:01:04,920 Speaker 1: metal and gold has also been on a pretty amazing run, 21 00:01:04,959 --> 00:01:07,080 Speaker 1: with that kind of rush to gold being one of 22 00:01:07,120 --> 00:01:09,959 Speaker 1: the biggest trades that we saw in twenty twenty five. 23 00:01:10,600 --> 00:01:14,120 Speaker 1: And this massive rally for precious metals really has several factors. 24 00:01:14,160 --> 00:01:17,320 Speaker 1: We've got investors going to those safe havens because of 25 00:01:17,400 --> 00:01:21,080 Speaker 1: rising geopolitical tensions, and we also have lower boring costs 26 00:01:21,120 --> 00:01:24,360 Speaker 1: which are a big boost for commodities. And I could 27 00:01:24,400 --> 00:01:27,280 Speaker 1: continue in twenty twenty six because traders are betting on 28 00:01:27,319 --> 00:01:30,520 Speaker 1: more rate cuts for next year, and for silver in particular. 29 00:01:30,600 --> 00:01:33,600 Speaker 1: Unlike gold, it also has some real world applications, so 30 00:01:33,920 --> 00:01:36,839 Speaker 1: it is being used in solar panels, in AI data centers, 31 00:01:36,959 --> 00:01:40,240 Speaker 1: in electronics. So there's perhaps even more room to run 32 00:01:40,319 --> 00:01:42,920 Speaker 1: for silver and for gold as well, and that will 33 00:01:42,959 --> 00:01:45,440 Speaker 1: be good for fresnature. As you said, it's a really good, 34 00:01:45,880 --> 00:01:47,559 Speaker 1: really good business to be in at the moment. 35 00:01:48,280 --> 00:01:50,080 Speaker 3: So the miners are having a good day. What it's 36 00:01:50,120 --> 00:01:51,640 Speaker 3: not having a good day. It seems to be like 37 00:01:51,880 --> 00:01:53,280 Speaker 3: European defense sector. 38 00:01:53,480 --> 00:01:56,000 Speaker 1: Ryan Mattawell is on the back foot again after these 39 00:01:56,040 --> 00:01:59,520 Speaker 1: peace talks in Florida. Yeah, absolutely so, Ryan mattauld Down 40 00:01:59,560 --> 00:02:03,360 Speaker 1: also Nardosa, bensold All of those defense names are down 41 00:02:03,440 --> 00:02:05,280 Speaker 1: at this morning. So it's the same as we've seen 42 00:02:05,520 --> 00:02:08,160 Speaker 1: over the last few weeks with investors kind of responding 43 00:02:08,320 --> 00:02:10,960 Speaker 1: to those developments in those Ukraine peace talks, and so 44 00:02:11,480 --> 00:02:14,640 Speaker 1: what has triggered that weakness today was Trump saying yesterday 45 00:02:14,639 --> 00:02:16,920 Speaker 1: that he had made a lot of progress in the 46 00:02:16,960 --> 00:02:20,760 Speaker 1: talks with Zelensky over that potential peace deal, and Zelenski 47 00:02:20,800 --> 00:02:24,239 Speaker 1: saying that the peace framework was ninety percent agreed. It's 48 00:02:24,240 --> 00:02:27,360 Speaker 1: important to note that there has been no major breakthrough, 49 00:02:27,400 --> 00:02:30,520 Speaker 1: and there still remains a few sticking points, including what 50 00:02:30,639 --> 00:02:32,680 Speaker 1: is going to happen to the Donbas region, which is 51 00:02:33,040 --> 00:02:36,640 Speaker 1: currently being partially occupied by Russian forces. So we are 52 00:02:36,680 --> 00:02:40,080 Speaker 1: not that much closer to getting a ceasefire. But the 53 00:02:40,120 --> 00:02:42,960 Speaker 1: fact that Trump and Zelenski are both kind of striking 54 00:02:43,040 --> 00:02:47,399 Speaker 1: the really optimistic tone is sending those defense stocks down. 55 00:02:47,480 --> 00:02:51,359 Speaker 1: As is usual when we've got kind of talks about 56 00:02:51,520 --> 00:02:53,040 Speaker 1: peace progressing. 57 00:02:53,520 --> 00:02:55,600 Speaker 3: Okay, and turning to a company, we don't talk about 58 00:02:55,600 --> 00:02:59,799 Speaker 3: it very often. International Personal Finance IPF involved in a 59 00:02:59,800 --> 00:03:00,880 Speaker 3: bi tell us more. 60 00:03:01,000 --> 00:03:03,679 Speaker 1: Yeah, so M and A doesn't really stop for Christmas. 61 00:03:03,680 --> 00:03:06,359 Speaker 1: So we had some bankers working over the last week 62 00:03:06,720 --> 00:03:10,160 Speaker 1: the US based direct a landing company, base Point Capital 63 00:03:10,600 --> 00:03:13,800 Speaker 1: has announced that it is acquiring IPF this morning. So 64 00:03:14,160 --> 00:03:18,239 Speaker 1: IPF is a consumer loan provider and it operates primarily 65 00:03:18,240 --> 00:03:21,400 Speaker 1: in Eastern Europe and in Mexico. And the deal is 66 00:03:21,560 --> 00:03:24,480 Speaker 1: valuing the company at four hundred no sorry five one 67 00:03:24,560 --> 00:03:27,480 Speaker 1: hundred and forty three million pounds. So this follows a 68 00:03:27,520 --> 00:03:30,120 Speaker 1: courtship over the last few months. We had an initial 69 00:03:30,160 --> 00:03:33,600 Speaker 1: approach in July, another in September, and then in November 70 00:03:33,840 --> 00:03:36,760 Speaker 1: a base Point added a dividend payment to its proposal 71 00:03:36,800 --> 00:03:39,080 Speaker 1: and so that seemed to have sweetened the deal enough 72 00:03:39,080 --> 00:03:43,040 Speaker 1: that IPF accepted and investors seem quite happy with the 73 00:03:43,080 --> 00:03:46,360 Speaker 1: IPF's future as part of base Point, and we have 74 00:03:46,440 --> 00:03:48,880 Speaker 1: got those shares up quite strongly this morning on the 75 00:03:48,960 --> 00:03:50,800 Speaker 1: back of that late December m. 76 00:03:50,800 --> 00:03:55,800 Speaker 2: Anda the Stock Mover's Report from Bloomberg Radio. 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