Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market. Harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today in Europe. I'm Stephen Caroll with Tom
Speaker 3: McKenzie and we're joined by Bloomberg's Breaking News editor Louise Moon. Louise,
Speaker 3: good morning. Let's start with Diagio today, shares higher. They've
Speaker 3: been doing some deal making ahead of Christmas.
Speaker 1: They have, indeed, they have sold East African Breweries, this
Speaker 1: one of their units in Africa. That's to a Sie obviously,
Speaker 1: the Japanese brand which has the beer of the same names.
Speaker 1: This is a two point three billion US dollar deal,
Speaker 1: so we knew that this has been kind of under
Speaker 1: review for a while, but this is the outcome. As
Speaker 1: you say, shares are taking chicking higher on that news
Speaker 1: this morning. So this is DIGU six five per cent
Speaker 1: steak in East African Breweries. Plus also have a majority
Speaker 1: holding in a Kenua base spirits producer which is also
Speaker 1: owned by East African Brewery. So all of this together
Speaker 1: two point three billion dollars to Asahi, so taking a
Speaker 1: step back in terms of Diadio's what it's been doing
Speaker 1: is it's been kind of pairing back, getting rid of
Speaker 1: non core units, trying to spur growth, grappling with what
Speaker 1: the whole industry is grappling with the changing of consumer
Speaker 1: drinking habits, slow down and spending, that kind of thing.
Speaker 1: And so they've been offloading some of these non core assets,
Speaker 1: in particular in Africa in recent years. And then on
Speaker 1: a Sahi side, they've been expanding internationally over the past
Speaker 1: few years. So for example, they bought the UK's photosmith
Speaker 1: and Turner's brewing business in twenty nineteen as one example.
Speaker 1: So DAJO shares, as I say, rose, they are still
Speaker 1: down by about third so far this year on the
Speaker 1: back of all those troubles that I mentioned. And then
Speaker 1: eab's rising over in Nairobi. So a big deal in
Speaker 1: the brewing space this morning.
Speaker 2: Okay.
Speaker 3: And you can't have a beer without a bowl of peanuts,
Speaker 3: or maybe if you have an allergy you want to
Speaker 3: avoid that because you peen uts. How is this tying
Speaker 3: in two stocks on the watch?
Speaker 1: So it's really interesting one to dBV so French biopharmaceutical firm,
Speaker 1: they have had a result of quite a crucial trials.
Speaker 1: Their experimental skin patch, which is to help young children
Speaker 1: with pen aalergies, has shown that it could desensitize these
Speaker 1: allergies in kids age four to seven. So it's really
Speaker 1: interesting actually reading about this. Obviously it's a very big
Speaker 1: deal in the sense that over a million or one
Speaker 1: point two million kids in the US and the EU
Speaker 1: between one and seven simates have a pen aalergy, so
Speaker 1: obviously this affects a lot of children. So this is
Speaker 1: a big deal for dBV. It's kind of more than
Speaker 1: two decades of work. They had an earlier effort with
Speaker 1: the US FDA had failed, and as a result they
Speaker 1: redesigned this patch and they had to conduct a different,
Speaker 1: slightly different trial with a narrow age group, so that's
Speaker 1: been a lot of work in the making, and then
Speaker 1: after this trial that they're now planning to again try
Speaker 1: for US regular approval in the first half of next year.
Speaker 1: So stock soared this morning and last my looks is
Speaker 1: actually halted as a result, and even before that, it
Speaker 1: sowed eighty percent since of October in anticipation of these
Speaker 1: trial results. So a big deal for dBV and for
Speaker 1: those with peanut attitudes as well.
Speaker 3: Yeah, that share back trading now just stop on thirty
Speaker 3: three percent at the moment in Paris. Let's go to
Speaker 3: HSBC next. Their share is hitting a fresh record high today.
Speaker 3: What's driven it.
Speaker 1: They've been upgraded to a BUYE by KBW the analysts.
Speaker 1: So if you look at their overall analyst ratings now
Speaker 1: they've got eleven buys, ten holes and one cell, so
Speaker 1: joining the ranks of those who are pretty bullish on HSBC. So,
Speaker 1: as say, shares hit a fresh record high in the
Speaker 1: back of this, and obviously this comes in the context
Speaker 1: of them embarking on a huge turnaround under their CEO.
Speaker 1: So they recently appointed a new chair who was seen
Speaker 1: as quite a safe choice. And as I say, they've
Speaker 1: they've you know, they've already been cut jobs, they've been
Speaker 1: merging and scrapping units. They're plowing ahead with this turnaround.
Speaker 1: And this upgrade is particularly on the back of the
Speaker 1: strength of their Hong Kong business, which is obviously very
Speaker 1: crucial in terms of them focusing the efforts on Asia.
Speaker 1: You know, they're very exposed the ongoing tensions between China
Speaker 1: and the US, and so, yeah, being upgraded on the
Speaker 1: back of that, Hong Kong Business and the KBW are
Speaker 1: saying that they expect that to continue, so a bit
Speaker 1: of a nod of confidence in the CEO's shout.
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