1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,720 --> 00:00:18,560 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,640 --> 00:00:21,560 Speaker 3: the move today in Europe. I'm Stephen Caroll with Tom 6 00:00:21,640 --> 00:00:25,320 Speaker 3: McKenzie and we're joined by Bloomberg's Breaking News editor Louise Moon. Louise, 7 00:00:25,400 --> 00:00:29,480 Speaker 3: good morning. Let's start with Diagio today, shares higher. They've 8 00:00:29,480 --> 00:00:31,440 Speaker 3: been doing some deal making ahead of Christmas. 9 00:00:31,800 --> 00:00:34,839 Speaker 1: They have, indeed, they have sold East African Breweries, this 10 00:00:35,920 --> 00:00:38,960 Speaker 1: one of their units in Africa. That's to a Sie obviously, 11 00:00:39,120 --> 00:00:42,960 Speaker 1: the Japanese brand which has the beer of the same names. 12 00:00:43,040 --> 00:00:46,280 Speaker 1: This is a two point three billion US dollar deal, 13 00:00:46,360 --> 00:00:48,360 Speaker 1: so we knew that this has been kind of under 14 00:00:48,360 --> 00:00:51,120 Speaker 1: review for a while, but this is the outcome. As 15 00:00:51,159 --> 00:00:55,080 Speaker 1: you say, shares are taking chicking higher on that news 16 00:00:55,160 --> 00:00:58,040 Speaker 1: this morning. So this is DIGU six five per cent 17 00:00:58,120 --> 00:01:00,880 Speaker 1: steak in East African Breweries. Plus also have a majority 18 00:01:00,920 --> 00:01:04,560 Speaker 1: holding in a Kenua base spirits producer which is also 19 00:01:04,600 --> 00:01:06,600 Speaker 1: owned by East African Brewery. So all of this together 20 00:01:06,680 --> 00:01:10,520 Speaker 1: two point three billion dollars to Asahi, so taking a 21 00:01:10,520 --> 00:01:14,000 Speaker 1: step back in terms of Diadio's what it's been doing 22 00:01:14,120 --> 00:01:16,240 Speaker 1: is it's been kind of pairing back, getting rid of 23 00:01:16,280 --> 00:01:19,520 Speaker 1: non core units, trying to spur growth, grappling with what 24 00:01:19,560 --> 00:01:22,160 Speaker 1: the whole industry is grappling with the changing of consumer 25 00:01:22,240 --> 00:01:24,600 Speaker 1: drinking habits, slow down and spending, that kind of thing. 26 00:01:24,640 --> 00:01:27,200 Speaker 1: And so they've been offloading some of these non core assets, 27 00:01:27,240 --> 00:01:29,920 Speaker 1: in particular in Africa in recent years. And then on 28 00:01:29,959 --> 00:01:33,280 Speaker 1: a Sahi side, they've been expanding internationally over the past 29 00:01:33,319 --> 00:01:36,560 Speaker 1: few years. So for example, they bought the UK's photosmith 30 00:01:36,600 --> 00:01:39,920 Speaker 1: and Turner's brewing business in twenty nineteen as one example. 31 00:01:40,400 --> 00:01:42,880 Speaker 1: So DAJO shares, as I say, rose, they are still 32 00:01:43,240 --> 00:01:46,039 Speaker 1: down by about third so far this year on the 33 00:01:46,040 --> 00:01:48,760 Speaker 1: back of all those troubles that I mentioned. And then 34 00:01:49,080 --> 00:01:53,320 Speaker 1: eab's rising over in Nairobi. So a big deal in 35 00:01:53,360 --> 00:01:54,800 Speaker 1: the brewing space this morning. 36 00:01:54,960 --> 00:01:55,279 Speaker 2: Okay. 37 00:01:55,280 --> 00:01:57,200 Speaker 3: And you can't have a beer without a bowl of peanuts, 38 00:01:57,280 --> 00:01:58,720 Speaker 3: or maybe if you have an allergy you want to 39 00:01:58,720 --> 00:02:02,200 Speaker 3: avoid that because you peen uts. How is this tying 40 00:02:02,200 --> 00:02:03,480 Speaker 3: in two stocks on the watch? 41 00:02:03,560 --> 00:02:08,040 Speaker 1: So it's really interesting one to dBV so French biopharmaceutical firm, 42 00:02:08,400 --> 00:02:12,799 Speaker 1: they have had a result of quite a crucial trials. 43 00:02:12,840 --> 00:02:16,200 Speaker 1: Their experimental skin patch, which is to help young children 44 00:02:16,240 --> 00:02:20,519 Speaker 1: with pen aalergies, has shown that it could desensitize these 45 00:02:20,520 --> 00:02:23,679 Speaker 1: allergies in kids age four to seven. So it's really 46 00:02:23,680 --> 00:02:26,760 Speaker 1: interesting actually reading about this. Obviously it's a very big 47 00:02:26,760 --> 00:02:29,520 Speaker 1: deal in the sense that over a million or one 48 00:02:29,520 --> 00:02:32,880 Speaker 1: point two million kids in the US and the EU 49 00:02:33,120 --> 00:02:35,840 Speaker 1: between one and seven simates have a pen aalergy, so 50 00:02:35,840 --> 00:02:39,400 Speaker 1: obviously this affects a lot of children. So this is 51 00:02:39,440 --> 00:02:41,560 Speaker 1: a big deal for dBV. It's kind of more than 52 00:02:41,600 --> 00:02:45,440 Speaker 1: two decades of work. They had an earlier effort with 53 00:02:45,560 --> 00:02:48,760 Speaker 1: the US FDA had failed, and as a result they 54 00:02:48,760 --> 00:02:52,760 Speaker 1: redesigned this patch and they had to conduct a different, 55 00:02:52,840 --> 00:02:54,960 Speaker 1: slightly different trial with a narrow age group, so that's 56 00:02:55,000 --> 00:02:57,040 Speaker 1: been a lot of work in the making, and then 57 00:02:57,760 --> 00:03:00,840 Speaker 1: after this trial that they're now planning to again try 58 00:03:00,919 --> 00:03:04,160 Speaker 1: for US regular approval in the first half of next year. 59 00:03:04,200 --> 00:03:08,200 Speaker 1: So stock soared this morning and last my looks is 60 00:03:08,240 --> 00:03:11,040 Speaker 1: actually halted as a result, and even before that, it 61 00:03:11,240 --> 00:03:15,640 Speaker 1: sowed eighty percent since of October in anticipation of these 62 00:03:15,680 --> 00:03:18,640 Speaker 1: trial results. So a big deal for dBV and for 63 00:03:19,040 --> 00:03:20,920 Speaker 1: those with peanut attitudes as well. 64 00:03:21,160 --> 00:03:23,960 Speaker 3: Yeah, that share back trading now just stop on thirty 65 00:03:24,000 --> 00:03:26,600 Speaker 3: three percent at the moment in Paris. Let's go to 66 00:03:26,720 --> 00:03:30,040 Speaker 3: HSBC next. Their share is hitting a fresh record high today. 67 00:03:30,120 --> 00:03:30,760 Speaker 3: What's driven it. 68 00:03:31,120 --> 00:03:34,520 Speaker 1: They've been upgraded to a BUYE by KBW the analysts. 69 00:03:34,560 --> 00:03:37,520 Speaker 1: So if you look at their overall analyst ratings now 70 00:03:37,520 --> 00:03:40,000 Speaker 1: they've got eleven buys, ten holes and one cell, so 71 00:03:41,280 --> 00:03:45,120 Speaker 1: joining the ranks of those who are pretty bullish on HSBC. So, 72 00:03:45,120 --> 00:03:46,760 Speaker 1: as say, shares hit a fresh record high in the 73 00:03:46,760 --> 00:03:49,200 Speaker 1: back of this, and obviously this comes in the context 74 00:03:49,200 --> 00:03:52,440 Speaker 1: of them embarking on a huge turnaround under their CEO. 75 00:03:52,520 --> 00:03:54,840 Speaker 1: So they recently appointed a new chair who was seen 76 00:03:54,880 --> 00:03:58,560 Speaker 1: as quite a safe choice. And as I say, they've 77 00:03:58,680 --> 00:04:01,080 Speaker 1: they've you know, they've already been cut jobs, they've been 78 00:04:01,400 --> 00:04:05,080 Speaker 1: merging and scrapping units. They're plowing ahead with this turnaround. 79 00:04:05,760 --> 00:04:08,880 Speaker 1: And this upgrade is particularly on the back of the 80 00:04:08,880 --> 00:04:11,560 Speaker 1: strength of their Hong Kong business, which is obviously very 81 00:04:11,600 --> 00:04:14,280 Speaker 1: crucial in terms of them focusing the efforts on Asia. 82 00:04:14,760 --> 00:04:18,000 Speaker 1: You know, they're very exposed the ongoing tensions between China 83 00:04:18,040 --> 00:04:20,880 Speaker 1: and the US, and so, yeah, being upgraded on the 84 00:04:20,880 --> 00:04:24,200 Speaker 1: back of that, Hong Kong Business and the KBW are 85 00:04:24,200 --> 00:04:28,000 Speaker 1: saying that they expect that to continue, so a bit 86 00:04:28,040 --> 00:04:30,560 Speaker 1: of a nod of confidence in the CEO's shout. 87 00:04:31,160 --> 00:04:35,200 Speaker 2: The Stock Movers report from Bloomberg Radio. 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