1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,760 --> 00:00:19,520 Speaker 3: Let's take a look at some stocks on the mood 5 00:00:19,520 --> 00:00:22,080 Speaker 3: today in Europe. I'm Jack Senters with Caroline Hepcare. We're 6 00:00:22,160 --> 00:00:26,560 Speaker 3: joined by Bloomberg's equities reporter Joe easton advertising for new role. 7 00:00:26,760 --> 00:00:29,400 Speaker 3: The top job at WPP is up for grabs. Has 8 00:00:29,440 --> 00:00:30,160 Speaker 3: it moved the share price? 9 00:00:30,240 --> 00:00:34,720 Speaker 1: Joe, yes, so it has. Indeed so the biggest advertising company, 10 00:00:34,920 --> 00:00:37,440 Speaker 1: or one of them at least in the world. WPP 11 00:00:37,800 --> 00:00:40,920 Speaker 1: has announced that Mark Creed is going to retire only 12 00:00:40,960 --> 00:00:42,960 Speaker 1: at fifty eight, not a bad age to retire, so 13 00:00:43,000 --> 00:00:45,920 Speaker 1: he is standing down now. This is kind of bringing 14 00:00:45,960 --> 00:00:48,960 Speaker 1: more uncertainty to a company that is trying to turn 15 00:00:49,000 --> 00:00:52,159 Speaker 1: itself around, really after a couple of years of declining sales, 16 00:00:52,520 --> 00:00:55,880 Speaker 1: and it has consistently given pretty gloomy outlooks. This is 17 00:00:56,280 --> 00:00:59,400 Speaker 1: partly driven by the rise of AI and a lot 18 00:00:59,440 --> 00:01:03,880 Speaker 1: of concern that some of the advertising world will be automated, 19 00:01:03,920 --> 00:01:07,360 Speaker 1: and also technology companies just pulling back more generally in 20 00:01:07,360 --> 00:01:10,920 Speaker 1: their spending budgets on advertising over the past couple of years, 21 00:01:10,959 --> 00:01:14,040 Speaker 1: particularly the big firms in the US. So the company 22 00:01:14,080 --> 00:01:16,800 Speaker 1: stock price, getting back to your original question, Jack, is 23 00:01:16,840 --> 00:01:18,720 Speaker 1: down two point three percent to date. It's a bit 24 00:01:18,720 --> 00:01:23,080 Speaker 1: of uncertainty coming into the shares, continuing a bad run 25 00:01:23,080 --> 00:01:26,000 Speaker 1: for the stock which is actually down at thirty four 26 00:01:26,040 --> 00:01:27,480 Speaker 1: percent already this year. 27 00:01:27,600 --> 00:01:30,320 Speaker 4: Well, the problem is is a distant memory since WPP 28 00:01:30,600 --> 00:01:34,240 Speaker 4: was the biggest ad agency globally, or indeed the ad 29 00:01:34,360 --> 00:01:37,479 Speaker 4: agencies were kind of totally cutting edge. 30 00:01:37,520 --> 00:01:40,440 Speaker 1: Now it's maybe I just I'm stuck in the past 31 00:01:40,480 --> 00:01:42,440 Speaker 1: and I can always consider it the biggest, but I 32 00:01:42,440 --> 00:01:46,600 Speaker 1: think probably it's overtaken by omnicommon publicists and companies like 33 00:01:46,640 --> 00:01:47,920 Speaker 1: that in the past few years. 34 00:01:47,800 --> 00:01:51,200 Speaker 4: And it's how you integrate AI into that. Everybody's sort 35 00:01:51,200 --> 00:01:53,680 Speaker 4: of trying to think about how to do that. Speaking 36 00:01:53,760 --> 00:01:58,400 Speaker 4: of tech, Qualcom chipping in two point four billion to 37 00:01:58,440 --> 00:01:59,880 Speaker 4: buy a company based here. 38 00:01:59,760 --> 00:02:03,040 Speaker 1: In the Yeah, so this is an interesting one. Corkm 39 00:02:03,040 --> 00:02:07,360 Speaker 1: the massive US chip company buying up Alpha Wave IP. 40 00:02:07,600 --> 00:02:11,040 Speaker 1: Now this is the companies you say listed here in London. Now, 41 00:02:11,120 --> 00:02:15,680 Speaker 1: the firm makes technology used for connectivity. They say that 42 00:02:15,760 --> 00:02:20,840 Speaker 1: their connection solutions power next generation technology. So we're talking 43 00:02:20,960 --> 00:02:23,240 Speaker 1: data centers and all that kind of stuff. It's pretty 44 00:02:23,280 --> 00:02:26,160 Speaker 1: much in vogue recently, so Quark On coming in. They're 45 00:02:26,160 --> 00:02:30,400 Speaker 1: going to pay around two point four billion dollars in total. 46 00:02:30,600 --> 00:02:33,560 Speaker 1: It's one hundred and eighty three pence per share. Stock 47 00:02:33,600 --> 00:02:37,080 Speaker 1: is rising twenty three percent this morning and reaction to this. However, 48 00:02:37,120 --> 00:02:40,519 Speaker 1: bear in mind this stock ipodd around four hundred pence 49 00:02:40,919 --> 00:02:42,680 Speaker 1: back in twenty twenty one. It was part of the 50 00:02:42,680 --> 00:02:46,200 Speaker 1: big swathe of companies that listed in London in twenty 51 00:02:46,240 --> 00:02:48,880 Speaker 1: twenty one, in that big boom. And it's another one 52 00:02:49,000 --> 00:02:53,120 Speaker 1: this disappointed trades massively below wearing iPod and it follows 53 00:02:53,160 --> 00:02:56,520 Speaker 1: on from the news that we've seen recently of companies 54 00:02:56,560 --> 00:03:00,919 Speaker 1: either moving to the US from London or actually being 55 00:03:00,960 --> 00:03:04,799 Speaker 1: taken out. Is continuing that pretty another negative story for 56 00:03:05,280 --> 00:03:08,200 Speaker 1: kind of London Tech and London ACM, but the stock 57 00:03:08,280 --> 00:03:09,200 Speaker 1: actually up sharply. 58 00:03:10,040 --> 00:03:13,880 Speaker 3: Talking and a Telephonica and Massrange have been on the phone. 59 00:03:14,120 --> 00:03:14,760 Speaker 3: What's the topic. 60 00:03:15,400 --> 00:03:20,240 Speaker 1: Yes, Telephonica and Masarrange have been discussing plans to buy 61 00:03:20,520 --> 00:03:25,239 Speaker 1: Vodafone Spains, according to a Bloomberg exclusive, So Telefonica of 62 00:03:25,320 --> 00:03:29,640 Speaker 1: course over in Madrid and mass Orange, which is part 63 00:03:29,680 --> 00:03:33,320 Speaker 1: owned by Orange or Orange over in France. So the 64 00:03:33,320 --> 00:03:36,760 Speaker 1: two companies looking to buy it from Zigona Communications to 65 00:03:36,840 --> 00:03:40,360 Speaker 1: a z eg On that one. Zagona actually only bought 66 00:03:40,360 --> 00:03:44,080 Speaker 1: this unit around a year ago and they paid five 67 00:03:44,160 --> 00:03:47,160 Speaker 1: billion euros for it. So the one that we're sitting 68 00:03:47,200 --> 00:03:50,720 Speaker 1: moving is Zigona, So that stock is up six percent 69 00:03:51,200 --> 00:03:55,559 Speaker 1: this morning. Really the biggest beneficiary of this story, Telephonica 70 00:03:56,160 --> 00:03:59,440 Speaker 1: was actually pretty much unchanged at the open of trading, 71 00:03:59,480 --> 00:04:01,720 Speaker 1: still un changed at the moment. I'm not I'll have 72 00:04:01,760 --> 00:04:04,400 Speaker 1: to check if Madrid is actually open stakes. There's a 73 00:04:04,400 --> 00:04:07,520 Speaker 1: lot of holidays going on, and I'm wondering if that 74 00:04:07,600 --> 00:04:10,720 Speaker 1: price is blank for a reason. But it's either closed 75 00:04:10,840 --> 00:04:13,480 Speaker 1: or unchanged at the moment. But the important thing is 76 00:04:13,560 --> 00:04:17,720 Speaker 1: Zegona ZDG in London is up six percent on the 77 00:04:17,760 --> 00:04:19,960 Speaker 1: potential sale of that Spanish unit. 78 00:04:21,160 --> 00:04:25,279 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 79 00:04:25,400 --> 00:04:28,120 Speaker 2: us throughout the day for the latest roundup of companies 80 00:04:28,200 --> 00:04:31,240 Speaker 2: making news on Wall Street and for the latest market 81 00:04:31,279 --> 00:04:35,600 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 82 00:04:35,680 --> 00:04:38,919 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 83 00:04:39,000 --> 00:04:40,480 Speaker 2: the Bloomberg Business app.