WEBVTT - Fresnillo Jumps, Rheinmetall Down , IPF Rises 

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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>Let's take a look at some stocks on the move

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<v Speaker 3>today in Europe. I'm Stephen Carroll with Valery title, and

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<v Speaker 3>we're joined by Bloomberger Porter Chloy, Male Chloy. Good morning.

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<v Speaker 3>Let's start with a sector then that's been booming recently,

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<v Speaker 3>precious metals, a jump for Fresnillo. Talk us through what's happening.

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<v Speaker 1>Yeah, well, so Frasnillo is a silver and gold miner

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<v Speaker 1>and it's a really good time to be here. Yeah. Absolutely,

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<v Speaker 1>it's a really good time at the moment to be

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<v Speaker 1>mining those two a particular metals. So as silver recently

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<v Speaker 1>hit an all time peak of eighty four dollars an ounce,

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<v Speaker 1>So this might not mean much for those of us

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<v Speaker 1>who do not operate mines, but for context, it was

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<v Speaker 1>twenty eight dollars anounced back in January. So it's a

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<v Speaker 1>massive jump. And as Valerie was mentioning, silver did for

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<v Speaker 1>today with traders taking profits, there's been quite a lot

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<v Speaker 1>of volatility, but it's still an incredible run for the

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<v Speaker 1>metal and gold has also been on a pretty amazing run,

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<v Speaker 1>with that kind of rush to gold being one of

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<v Speaker 1>the biggest trades that we saw in twenty twenty five.

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<v Speaker 1>And this massive rally for precious metals really has several factors.

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<v Speaker 1>We've got investors going to those safe havens because of

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<v Speaker 1>rising geopolitical tensions, and we also have lower boring costs

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<v Speaker 1>which are a big boost for commodities. And I could

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<v Speaker 1>continue in twenty twenty six because traders are betting on

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<v Speaker 1>more rate cuts for next year, and for silver in particular.

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<v Speaker 1>Unlike gold, it also has some real world applications, so

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<v Speaker 1>it is being used in solar panels, in AI data centers,

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<v Speaker 1>in electronics. So there's perhaps even more room to run

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<v Speaker 1>for silver and for gold as well, and that will

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<v Speaker 1>be good for fresnature. As you said, it's a really good,

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<v Speaker 1>really good business to be in at the moment.

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<v Speaker 3>So the miners are having a good day. What it's

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<v Speaker 3>not having a good day. It seems to be like

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<v Speaker 3>European defense sector.

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<v Speaker 1>Ryan Mattawell is on the back foot again after these

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<v Speaker 1>peace talks in Florida. Yeah, absolutely so, Ryan mattauld Down

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<v Speaker 1>also Nardosa, bensold All of those defense names are down

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<v Speaker 1>at this morning. So it's the same as we've seen

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<v Speaker 1>over the last few weeks with investors kind of responding

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<v Speaker 1>to those developments in those Ukraine peace talks, and so

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<v Speaker 1>what has triggered that weakness today was Trump saying yesterday

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<v Speaker 1>that he had made a lot of progress in the

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<v Speaker 1>talks with Zelensky over that potential peace deal, and Zelenski

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<v Speaker 1>saying that the peace framework was ninety percent agreed. It's

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<v Speaker 1>important to note that there has been no major breakthrough,

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<v Speaker 1>and there still remains a few sticking points, including what

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<v Speaker 1>is going to happen to the Donbas region, which is

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<v Speaker 1>currently being partially occupied by Russian forces. So we are

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<v Speaker 1>not that much closer to getting a ceasefire. But the

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<v Speaker 1>fact that Trump and Zelenski are both kind of striking

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<v Speaker 1>the really optimistic tone is sending those defense stocks down.

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<v Speaker 1>As is usual when we've got kind of talks about

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<v Speaker 1>peace progressing.

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<v Speaker 3>Okay, and turning to a company, we don't talk about

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<v Speaker 3>it very often. International Personal Finance IPF involved in a

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<v Speaker 3>bi tell us more.

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<v Speaker 1>Yeah, so M and A doesn't really stop for Christmas.

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<v Speaker 1>So we had some bankers working over the last week

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<v Speaker 1>the US based direct a landing company, base Point Capital

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<v Speaker 1>has announced that it is acquiring IPF this morning. So

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<v Speaker 1>IPF is a consumer loan provider and it operates primarily

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<v Speaker 1>in Eastern Europe and in Mexico. And the deal is

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<v Speaker 1>valuing the company at four hundred no sorry five one

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<v Speaker 1>hundred and forty three million pounds. So this follows a

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<v Speaker 1>courtship over the last few months. We had an initial

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<v Speaker 1>approach in July, another in September, and then in November

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<v Speaker 1>a base Point added a dividend payment to its proposal

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<v Speaker 1>and so that seemed to have sweetened the deal enough

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<v Speaker 1>that IPF accepted and investors seem quite happy with the

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<v Speaker 1>IPF's future as part of base Point, and we have

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<v Speaker 1>got those shares up quite strongly this morning on the

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<v Speaker 1>back of that late December m.

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<v Speaker 2>Anda the Stock Mover's Report from Bloomberg Radio. Check back

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