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 have a look at stocks on the move today
Speaker 3: here in Europe. I'm Caroline Heppi alongside Stephen Cowell, and
Speaker 3: we're joined by Bin Becker. Reporter Chloe ma leg of
Speaker 3: Morning Chloe. So, I'm just looking at the farmer stocks
Speaker 3: across Europe. Actually they are doing very well. There's been
Speaker 3: a lot of trepidation about what the US administration would do,
Speaker 3: and there does seem to be a deal now with PFISA, Yeah.
Speaker 1: Absolutely, and so Asher Seneca, but also Nevatis, rash never
Speaker 1: in Orders. All of them were up this morning across
Speaker 1: that farmer sector on the back of Pfireser's deal with
Speaker 1: Trump on drug pricing. So PFISA has actually agreed to
Speaker 1: slash some of his drug prices by up to eighty
Speaker 1: five percent and also to sell directly to the American
Speaker 1: public and all of that in exchange for a three
Speaker 1: year grace period from pharmaceutical tariffs. And so what JP
Speaker 1: morgan Alis have said is that this could kind of
Speaker 1: act as a bell weather for that pharmaceutical sector, and
Speaker 1: that European farmer companies could potentially strike similar deals with
Speaker 1: the US administration that would let them essentially avoid the
Speaker 1: worst of the tariffs. Was of the impact from tariffs,
Speaker 1: and especially that one hundred percent tariff y on branded
Speaker 1: drugs that Trump has announced. Eli Lilly has already said
Speaker 1: it's in active discussions with the administration around a similar deal,
Speaker 1: and so the European farmer stocks could follow. And that
Speaker 1: is really driving the shares this morning.
Speaker 2: And turning them to sportswear some good news there as well,
Speaker 2: Nike's turn around starting to pay off haws that reppling
Speaker 2: into Puma's shares today.
Speaker 1: Yeah, so Puma, but also Adidas were up on the
Speaker 1: back of this of Nike's turnaround this morning. So yesterday
Speaker 1: last night Nike Nike reported dunnings and they were quite positive,
Speaker 1: and in particular, the running segment did really well and
Speaker 1: then the wholesale segment was also really boosting a sales.
Speaker 1: So there could have been some negative read across for
Speaker 1: the European rivals Puma and Adidas because you know, if
Speaker 1: you have strengthened the running business in Nike, that could
Speaker 1: potentially be a headwind for them. And also Nike mentions
Speaker 1: some weakness in China, which would have potentially been a negative.
Speaker 1: But it seems that the sales beat from Nike was
Speaker 1: taken by the market as a sign that there is
Speaker 1: kind of consumer momentum in that sports where sector, and
Speaker 1: their boat's a little bit better for Puma and and Adidas.
Speaker 1: Puma in particular has been in a bit of a
Speaker 1: tougher spa. It's been struggling to appeal to shoppers, and
Speaker 1: so that consumer environment looking more promising is definitely a boost.
Speaker 3: Okay. Finally, greggs our investors convinced that the bakery chain
Speaker 3: is going to be able to boost sales.
Speaker 1: Well, it seems like it, because the greg shares that
Speaker 1: their biggest jump since twenty twenty one after a training
Speaker 1: update this morning. They said that training really improved in
Speaker 1: August and that also in September, and that cost inflation
Speaker 1: was easing a little bit, and it really it also
Speaker 1: confirmed fully expectations, which provided some relief to investors after
Speaker 1: what was quite a tough update in July. So in
Speaker 1: July that flagged weaker growth and all of that had
Speaker 1: led to short sellers betting against it at the highest
Speaker 1: level since two thousand and eight, so it's not out
Speaker 1: the woods yet. They're still a slowdown in store openings,
Speaker 1: there's still some weakness in volumes. But this was a
Speaker 1: really reassuring update to day from Gregs, and investors were
Speaker 1: very very keen on it.
Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with
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