WEBVTT - Shell Gains, Gamma Rises, CVC Advisers Dips 

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

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<v Speaker 2>News.

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<v Speaker 1>The Stock Movers Report. Your roundup of companies making moves

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<v Speaker 1>in the stock market. Harnessing the power of Bloomberg data.

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<v Speaker 3>Now, let's take a look at some of the stocks

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<v Speaker 3>on the move today in Europe. I'm Lizzie Verdon alongside

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<v Speaker 3>Stephen Carroll in London, and we're joined by Bloomberg Markets

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<v Speaker 3>Today reporter Kit Rees. Kit, I want to start in

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<v Speaker 3>the energy sector. Maybe it's an obvious place to start,

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<v Speaker 3>but of course, we've got higher oil prices. So, how

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<v Speaker 3>are they affecting the likes of Shell? So, they're really

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<v Speaker 3>boosting these stocks. So, we've got Brent heading towards $ 92

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<v Speaker 3>a barrel. And it just really, really helps these shares.

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<v Speaker 2>So, we've seen rising tensions in the Middle East, which

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<v Speaker 2>has boosted oil. The US and Iran recently exchanged strikes

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<v Speaker 2>for the first time in about a month. So, this

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<v Speaker 2>has led to further worries that we might see more

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<v Speaker 2>disruption in the Strait of Hormuz, which is really key

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<v Speaker 2>for transporting oil and gas. to the rest of the world.

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<v Speaker 2>And these worries over tightening supply, they really help these companies.

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<v Speaker 2>I was looking at the Stoxx Energy Index, and it's

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<v Speaker 2>actually the top performing sexual index today in Europe. But

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<v Speaker 2>it's actually on track for a record year, perhaps a

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<v Speaker 2>bit premature because we've still got a few months left

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<v Speaker 2>of the year, but it's up 44% year-to-date. So, it

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<v Speaker 2>just shows how much these gains in the oil price

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<v Speaker 2>have really boosted these companies this year.

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<v Speaker 1>Yeah, they certainly have. And a big part of the

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<v Speaker 1>story behind that sector.

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<v Speaker 2>Let's go to some deals news next.

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<v Speaker 1>And Gamma Communications in focus.

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<v Speaker 2>Yes. It's a little bit more of a niche company.

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<v Speaker 2>It's a telecoms firm. It provides services such as cloud

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<v Speaker 2>communications and connectivity. So, it's got a little bit of

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<v Speaker 2>a tech exposure there. So, it's had an offer from

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<v Speaker 2>a UK buyout company called Epirus for an enterprise value

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<v Speaker 2>of just about over £ 1 billion. So, its shares are

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<v Speaker 2>only up by about 0.8% this morning. But this is

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<v Speaker 2>because it's been in play for a couple of months. So,

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<v Speaker 2>back in April, Gamma said that it was in talks

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<v Speaker 2>with a number of potential suitors. So, this has really

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<v Speaker 2>fueled the shares this year. I mean, it struggled recently

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<v Speaker 2>because it's seen weakness in its UK market and its

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<v Speaker 2>CFO left last year. And 2025, it saw the shares

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<v Speaker 2>plunge by 40%. So, perhaps it's just another opportunity for

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<v Speaker 2>a company to acquire a cheaper company. U.K. firm. This

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<v Speaker 2>has been a big theme all year, U.K. income sale,

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<v Speaker 2>given the big discounts we've seen in U.K.

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<v Speaker 1>Valuations.

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<v Speaker 2>But, yes, it's another one that looks like it's sadly

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<v Speaker 2>going to leave the U.K.

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<v Speaker 1>Market.

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<v Speaker 3>And finally, CVC Advisors. Why are we watching them?

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<v Speaker 2>Yeah. So, its shares are down 3.3% because it looks

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<v Speaker 2>like it might be missing out on a deal for

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<v Speaker 2>a UK firm called Bodycoat, which is a heat treatment specialist. So,

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<v Speaker 2>there's been a bit of a takeover battle for Bodycoat.

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<v Speaker 2>It's got an offer from Veritas Capital. But, you know,

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<v Speaker 2>things still aren't over. CVC could still put in a

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<v Speaker 2>higher offer. and it said that it's considering its position

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<v Speaker 2>for the firm. So, this is an example where we're

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<v Speaker 2>seeing quite a bit of competition for a UK company. Again,

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<v Speaker 2>this has been a feature of the year. We've seen

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<v Speaker 2>these little takeover battles going on for these sort of

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<v Speaker 2>smaller niche companies. But Body Coat has a big global exposure,

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<v Speaker 2>especially to North America, which makes it quite an attractive company.

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<v Speaker 2>But we'll have to see how this plays out, if

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<v Speaker 2>there's any more drama to come.

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