Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's look at some of the socks on the move
Speaker 3: today in Europe. I'm Caroline Hepga with Bloomberg reported claimber Lay,
Speaker 3: Good morning, Chovey. So over the weekend, it looks like
Speaker 3: some m and A interest being.
Speaker 1: Shown in WPP. Yeah, some m and A rumors for WPP.
Speaker 4: So it's reportedly drawing interest from Havass, which is a
Speaker 4: rival advertising agency and also potentially a private equity firm
Speaker 4: KKR as well. So this comes after really a series
Speaker 4: of struggles for the company cut its guidance just a
Speaker 4: few weeks ago. The share price has been on a
Speaker 4: big down spiral for a while, and it also lost
Speaker 4: quite big accounts over the.
Speaker 1: Last few years.
Speaker 4: So it was once the world's largest ad agency globally,
Speaker 4: but it has been a struggling quite a lot. Has
Speaker 4: been underperforming the closest rival Publicist by a wider and
Speaker 4: wider margin over the last two or three years. So
Speaker 4: it's been working on ways to kind of reignite that
Speaker 4: growth and streamline the business, cutting costs across the operations.
Speaker 4: But it seems that, you know, based on the share
Speaker 4: price reaction this morning, that investors might be thinking that
Speaker 4: a deal is actually a better option than that that
Speaker 4: could be actually the right way forward for WPP, given
Speaker 4: all of it's at troubles recently.
Speaker 3: Yeah. Indeed, so that in the advertising world, where you know,
Speaker 3: AI seems to be revolutionizing the way that advertising is
Speaker 3: delivered and made. Also, right, let's think about the defense
Speaker 3: company saab which has seen some recent success.
Speaker 4: Why, Yeah, it's been a really good week for saav actually,
Speaker 4: so it had one a few new contracts recently which
Speaker 4: have been really positive. So the latest is a deals
Speaker 4: to supply Columbia with new fighter jets and that's a
Speaker 4: contra that is worth.
Speaker 1: Three point one billion euros.
Speaker 4: The other major orders that it saw in the last
Speaker 4: week is also an order for rifles from Denmark and
Speaker 4: then an order for electronic sensors from Airbus.
Speaker 1: So this is very encouraging for the company.
Speaker 4: Anisas said that this could make Salabas's strongest strongest quarter
Speaker 4: ever for order intake on the back of those recent contracts,
Speaker 4: and that's kind of all really accelerated recently for SABA,
Speaker 4: with Sweden joining NATO back in March twenty twenty four,
Speaker 4: and then also obviously the broader surgeon military spending and
Speaker 4: in military investments that we've seen across Europe and across
Speaker 4: the world world more generally recently, and obviously SAAB is
Speaker 4: a big beneficiary of that. Last month they had raised
Speaker 4: sales guidance for this year as well, so it seemed
Speaker 4: that it is on a really good and clear trajectory
Speaker 4: and it's that we've seen that reflected in the shares
Speaker 4: this morning.
Speaker 1: They were by quite a.
Speaker 3: Lot, okay, Sweden's SAAB well, from the defense sector to semiconductors,
Speaker 3: some big targets for SUS Microtech, which is involved in
Speaker 3: the semis space.
Speaker 1: Yeah.
Speaker 4: Yeah, it makes a lot of different equipment for the
Speaker 4: semiconductor industry. So in a capital markets day, it unveiled
Speaker 4: in new long term targets for sales and margin and
Speaker 4: profit that investors seem to be quite happy about. So
Speaker 4: that it comes just a couple of weeks after a
Speaker 4: third quarter results for that company that showed really strong
Speaker 4: order momentum. So the outlook looks very very bright. Some
Speaker 4: of the clients include Micron, TSMC, Samsung, so all of
Speaker 4: those companies that are really exposed to the artificial intelligence boom,
Speaker 4: and so that makes Seals micro take very well.
Speaker 1: Position going forward.
Speaker 4: We have seen quite a big gap in that chip
Speaker 4: making sector between those companies that are more exposed to
Speaker 4: this AI infrastructure and those that have been a little
Speaker 4: bit more exposed to the automotive and industrial and markets
Speaker 4: which have obviously been struggling a little bit more. But
Speaker 4: it seems that Sosmicrotic is on the right side of
Speaker 4: this divide, really exposed to this air infrastructure boom, and
Speaker 4: that is being seen in those very positive long term
Speaker 4: targets and in the shap price.
Speaker 1: This morning.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.