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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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

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

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Speaker 3: Let's have a look at some stocks on the move

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Speaker 3: today here in Europe. I'm Caroline Hepga alongside Tom McKenzie,

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Speaker 3: and we're joined bout Bloomberg reporter Chloe Malay. Good morning, Chloe.

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Speaker 3: Let's look at shares that are not doing particularly well

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Speaker 3: across Europe. BBVA shares though an exception, Chairman Colins Torres's

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Speaker 3: announcement that he'll stay on despite the failed bid for

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Speaker 3: another bank.

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Speaker 1: Yeah, so investors are happy that he's staying on, but

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Speaker 1: also happy that that bid has failed. So the takeover

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Speaker 1: bid for Sabadel officially failed yet today it's marking the

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Speaker 1: end of asaga that dragged on for seventeen months. So

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Speaker 1: this is actually quite a big setback for Colors Torres.

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Speaker 1: He'd already tried and then failed to buy Sabadel in

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Speaker 1: twenty twenty. It seems that he kind of once again

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Speaker 1: missed calculated the attractiveness of the offer. But even though

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Speaker 1: this is actually a failure for Taurus BBVA, investors are

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Speaker 1: quite happy that the dil is not going ahead. Some

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Speaker 1: analysts said that this is actually quite the relief that

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Speaker 1: this removes this m and a uncertainty that was hanging

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Speaker 1: over both banks and it really allows them to move

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Speaker 1: on and focus on their standalone of prospects. And then

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Speaker 1: of course BBVA also announced a brand new buyback, so

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Speaker 1: there was certainly an additional boost, but BBVA is definitely

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Speaker 1: the standout whilst the rest of those European banks are

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Speaker 1: falling quite quite a lot. This morning.

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Speaker 4: On a very different sector, Eslo Lasotagas are the maker

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Speaker 4: of eyewear, really benefiting from its partnership with.

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Speaker 1: Meta, Yeah, very much, so the shares reached an all

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Speaker 1: time high this morning. It reported really strong sales in

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Speaker 1: the third quarter and that is, as you said, thanks

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Speaker 1: to really strong demand for AI glasses, so the smart

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Speaker 1: glasses that it makes in partnership with Meta, so it

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Speaker 1: essentially allows users to view messages and photos and also

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Speaker 1: directions through the lens of their glasses. So the expectations

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Speaker 1: around this partnerships are really really high though, so Eslo

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Speaker 1: will have to continue to deliver. To put some numbers

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Speaker 1: on it, the collaboration generated about three hundred and sixty

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Speaker 1: five million euros in revenue in twenty twenty four. That

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Speaker 1: could reach eight hundred this year, and then we could

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Speaker 1: reach six billion by twenty thirty. So those are quite

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Speaker 1: optimistic projections and that will that will force look eslor

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Speaker 1: to kind of deliver on that. I personally don't know

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Speaker 1: anyone yet who has bought any AI glasses, but it

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Speaker 1: might be the next big thing, so let's watch.

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Speaker 3: Out for them. You've read my mind. I was going

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Speaker 3: to say to our man all Things Tech, Tom McKenzie,

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Speaker 3: have you tried the specs out of your mates by.

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Speaker 4: I've tried them out. They're getting much much better, are they?

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Speaker 4: There is a question, I mean, did you see a

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Speaker 4: light go on when they're recording you? I really, because

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Speaker 4: obviously there's a the rest that there are risks and

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Speaker 4: there's a there's a privacy question here, but they do

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Speaker 4: have a like so you know you can tell when

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Speaker 4: they're recording you. But now, yeah, usually have that augmented

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Speaker 4: reality plugged in in some some AI functions as well.

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Speaker 4: But it's obviously proving. It's obviously working for sorting and

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Speaker 4: as Coloe's mentioned, Meta has a not insignificant stake in

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Speaker 4: that company.

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Speaker 3: Yeah, absolutely, let's see whether it actually hits the kind

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Speaker 3: of mainstream market that's the anticipation. Anyway, very briefly, Swedish

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Speaker 3: Auta make Evolvo.

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Speaker 1: Yeah, so it said today that it expects to slow

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Speaker 1: down in the North American truck market to continue into

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Speaker 1: next year because of continued tariff uncertainty. So it's bracing

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Speaker 1: for the twenty five percent tariffs that we will see

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Speaker 1: on trucks that will take effect on November the first,

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Speaker 1: in just a couple of weeks, and Volvo is quite

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Speaker 1: exposed to that because it builds quite a lot of

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Speaker 1: these trucks in Canada and Mexico, so will be affected

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Speaker 1: by those tariffs. There's definitely a sector wide story. We

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Speaker 1: Als already heard Michelin earlier this week cut its guidance

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Speaker 1: because of that weakness in that North American truck market.

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Speaker 2: The Stock Mover's 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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