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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 take a look at some stocks on the move today.

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Speaker 3: I'm Tom McKenzie with Caroline Heckert. We are joined now

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Speaker 3: Pome blom Bags Breaking news editor Louise Moon. Louise, We

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Speaker 3: start with Anglo Americans still saying all mine, who writes

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Speaker 3: these things?

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Speaker 4: Why?

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Speaker 3: Two questions folded into one Anglo American PHP A dealer.

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Speaker 1: Is off yes. So we had a report that we

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Speaker 1: broke the Bloomberg broke yesterday saying that BHP had made

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Speaker 1: a fresh attempt to buy Anglo, a fresh approach to

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Speaker 1: buy Anglo. So that was reported yesterday. We also reported

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Speaker 1: the Anglo then rejected that and BHP of confirmed this

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Speaker 1: morning that they did have some initial talks and they've

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Speaker 1: walked away, so that deal is off the cards. This

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Speaker 1: is the second time that this is that they've made

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Speaker 1: this attempt. BP tried to buy Anglo last year also failed,

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Speaker 1: But crucially this time it comes before Anglo Anglo shareholders

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Speaker 1: are voting for a tie up with Canada's tech resources

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Speaker 1: so that would be a big merger. And if you know,

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Speaker 1: if BHP had been a bit more successful in their attempts,

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Speaker 1: then that would have really derailed that merger. So it's

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Speaker 1: coming at quite a crucial time. That will happen in

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Speaker 1: a few weeks that the vote by shareholders. It also

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Speaker 1: comes as there's there's kind of a lot of pressure

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Speaker 1: in the industry for consolidation. So this is kind of

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Speaker 1: another example of that. Shares or Angler Shares didn't react

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Speaker 1: too much on this news. But what it does is

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Speaker 1: it brings speculation to an end that there could be

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Speaker 1: you know, other bids, interlopers, and that this Anglo Tech

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Speaker 1: deal could fall through. So it kind of de risks

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Speaker 1: that deal, that's what Anlyssa is saying. And it looks

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Speaker 1: like that that should go ahead. It has broadly been

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Speaker 1: supported so far.

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Speaker 4: Okay, so that in M and A that wasn't let's

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Speaker 4: also think about you be soft. This is quite a

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Speaker 4: complicated story, isn't it for the video game maker? Can't

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Speaker 4: say I'm an Assassin's Creed devotee, but talk to us

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Speaker 4: about Ubisoft.

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Speaker 1: Yeah, so shares jumping this morning, jumped in in the

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Speaker 1: most almost a year. So the news this morning is

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Speaker 1: that they've closed the deal with ten Cents. This was

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Speaker 1: agreed in March. It's a one point one six billion

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Speaker 1: euro investment from ten Cent into Ubisoft, into specifically their

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Speaker 1: unit called Vantage Studios, so that house houses certain franchises,

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Speaker 1: including Assassin's Creed like you mentioned, and that will be

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Speaker 1: used to pay down debt and ten Cent will now

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Speaker 1: own a twenty six percent steak in that unit in

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Speaker 1: Vantage Studios. The reason it's a bit more complicated, So

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Speaker 1: last week Ubisoft shares slumped, so they're reversing that slump

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Speaker 1: this morning. But they slumped because they were said to

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Speaker 1: be in breach of a loan agreement, and that's after

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Speaker 1: they're ordered to ordered it to reinstate restate some of

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Speaker 1: its revenue. So it's a bit of a relief today

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Speaker 1: that it's gone through and they've got that investment to

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Speaker 1: help out, which is essentially what was needed last week.

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Speaker 3: You're also looking at the advertising world as well, the

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Speaker 3: advertising sector. Two major advertising companies taking hits this morning.

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Speaker 3: What's behind the pain there?

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Speaker 1: Yeah, both in the UK, so MC's actually and S

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Speaker 1: four Capital shares slumping, both of them slightly different reasons,

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Speaker 1: but overall it's kind of paints the same picture for

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Speaker 1: the sector. So if we take M and C first,

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Speaker 1: they cut that outlook, they said they were adversely impacted

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Speaker 1: by the US government shutdown and that will hit their

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Speaker 1: growth and profitability for the full year. So obviously disappointing

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Speaker 1: on that on that part. And then S four Capital

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Speaker 1: slump ten percent this morning they issued a profit warning,

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Speaker 1: essentially continuing to struggle. So the wide industry and mbss's

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Speaker 1: also been hit by this as well, is struggling with

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Speaker 1: less spending from clients because of the wider macro environment,

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Speaker 1: slower business wins for the same reason the rise of AI.

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Speaker 1: So the whole sector hasn't been performing well and S

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Speaker 1: four is continuing continuing to struggle on that front. And

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Speaker 1: then mbsc's got this kind of added factor of the

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Speaker 1: US government shutdown hitting them. So both slumping this morning's

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Speaker 1: are not great news towards the end for advertising.

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Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us

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Speaker 2: throughout the day for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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