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Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.

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Speaker 2: Stock Movers Report, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some of the stocks on

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Speaker 3: the move today in Europe. We've got our breaking news

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Speaker 3: editor Louise Moon with us for that. I'm Stephen Carroll,

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Speaker 3: joined by Lizzie Burdon Louise. Let's start with Lloyd's saying

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Speaker 3: it will set aside another eight hundred million pounds in

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Speaker 3: compensation for motor finance claims to us.

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Speaker 1: More indeed, yes, so it's really it's laid out this

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Speaker 1: morning the exact additional amount that it's going to take.

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Speaker 1: So it had already set aside over a billion pounds,

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Speaker 1: so one point one five billion pounds. And then last week,

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Speaker 1: following the FCA's ruling last week, they said there would

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Speaker 1: be another provision and that would be what they called

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Speaker 1: material at the time. So markets when reacting to that

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Speaker 1: last week, and then this morning they've said how much

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Speaker 1: of this So it's going to be another eight hundred

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Speaker 1: ches did rise into the green after that, As I say,

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Speaker 1: they had already warned it would be material, and then

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Speaker 1: There was an interesting note actually this morning from Billion

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Speaker 1: Bank Intelligence saying that they think that this additional amount

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Speaker 1: won't derail their shareholder distribution plan, so this is obviously

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Speaker 1: a positive, and that total provisions were kind of largely

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Speaker 1: in line with the general consensus from the bank. So

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Speaker 1: it seems that the bad news has already kind of

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Speaker 1: been priced in it and shares are actually rising this

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Speaker 1: morning despite that additional eight hundred million pound provision. I mean,

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Speaker 1: whilawis we've got Blackstone Vega bid for Big Yellow Group. Indeed, yeah,

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Speaker 1: this is a self storage company, landlord across the UK,

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Speaker 1: big name, you'll say, they're big billboards everywhere. So Blackstone

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Speaker 1: is in the early stages of money a bid. Big

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Speaker 1: Yellow Group has a market cap of about two billion pounds,

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Speaker 1: so if a bid comes to light, you know, it

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Speaker 1: could be quite sizable. They say they're considering the macro environment,

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Speaker 1: the potential impact of the UK budget and what that

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Speaker 1: will mean for the wider space. But shares a Big

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Speaker 1: Yellow Group really rising on this, up about twenty percent

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Speaker 1: of the most on record this morning. And this isn't

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Speaker 1: the kind of the first deal that Blackstone has been making.

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Speaker 1: What is making in the space they bought Warehouse Reached

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Speaker 1: earlier this year. And then this morning Blackstone Europe also

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Speaker 1: announced they're going to be they're selling their logistics assets

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Speaker 1: to tri Tax Big Box Read and that's for just

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Speaker 1: over a billion pounds and then they're going to take

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Speaker 1: a stake in Tri Tax as a result, and Tritax

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Speaker 1: was also rising on that. So a lot of movement

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Speaker 1: in the landlord space and Blackstone a big part of

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Speaker 1: that as well.

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Speaker 3: We've also been watching astra Zeneca shares this morning as well.

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Speaker 3: Talk us through what's been happening.

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Speaker 1: So there was news after market clothes late on Friday

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Speaker 1: the AstraZeneca, the pharmagiant list in London, had made a

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Speaker 1: deal with the Trump administration and that was to lower

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Speaker 1: some of their prices, their consumer prices on drugs in

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Speaker 1: the US in exchange for a relief on tariffs. So

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Speaker 1: that's for three years. So obviously this came after the

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Speaker 1: market clothes on Friday, so we're getting some market reaction

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Speaker 1: this morning on that. Initially shares were up and Les

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Speaker 1: was saying, you know, this wild likely provide some relief.

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Speaker 1: It's quite a similar deal to an earlier one that

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Speaker 1: Pfizer did one of their and it shows kind of

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Speaker 1: a willingness from the US to preserve Sextor fundamentals, so

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Speaker 1: that the shares were initially rising, they are now trading

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Speaker 1: slightly lower. That there's a lot of uncertainty essentially around

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Speaker 1: in the sector and also Astrazenek, and it's been kind

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Speaker 1: of battering their share prices over the past here or so,

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Speaker 1: to do with pricing, to do with tarifs, it's been

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Speaker 1: a big overhang. So potentially some of the uncertiety is

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Speaker 1: still there, but we'll be keeping an eye on their

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Speaker 1: share price through the day.

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Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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