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 take a look at some stocks on the move today.
Speaker 3: I'm Tom McKenzie with Caroline Heckert. We are joined now
Speaker 3: Pome blom Bags Breaking news editor Louise Moon. Louise, We
Speaker 3: start with Anglo Americans still saying all mine, who writes
Speaker 3: these things?
Speaker 4: Why?
Speaker 3: Two questions folded into one Anglo American PHP A dealer.
Speaker 1: Is off yes. So we had a report that we
Speaker 1: broke the Bloomberg broke yesterday saying that BHP had made
Speaker 1: a fresh attempt to buy Anglo, a fresh approach to
Speaker 1: buy Anglo. So that was reported yesterday. We also reported
Speaker 1: the Anglo then rejected that and BHP of confirmed this
Speaker 1: morning that they did have some initial talks and they've
Speaker 1: walked away, so that deal is off the cards. This
Speaker 1: is the second time that this is that they've made
Speaker 1: this attempt. BP tried to buy Anglo last year also failed,
Speaker 1: But crucially this time it comes before Anglo Anglo shareholders
Speaker 1: are voting for a tie up with Canada's tech resources
Speaker 1: so that would be a big merger. And if you know,
Speaker 1: if BHP had been a bit more successful in their attempts,
Speaker 1: then that would have really derailed that merger. So it's
Speaker 1: coming at quite a crucial time. That will happen in
Speaker 1: a few weeks that the vote by shareholders. It also
Speaker 1: comes as there's there's kind of a lot of pressure
Speaker 1: in the industry for consolidation. So this is kind of
Speaker 1: another example of that. Shares or Angler Shares didn't react
Speaker 1: too much on this news. But what it does is
Speaker 1: it brings speculation to an end that there could be
Speaker 1: you know, other bids, interlopers, and that this Anglo Tech
Speaker 1: deal could fall through. So it kind of de risks
Speaker 1: that deal, that's what Anlyssa is saying. And it looks
Speaker 1: like that that should go ahead. It has broadly been
Speaker 1: supported so far.
Speaker 4: Okay, so that in M and A that wasn't let's
Speaker 4: also think about you be soft. This is quite a
Speaker 4: complicated story, isn't it for the video game maker? Can't
Speaker 4: say I'm an Assassin's Creed devotee, but talk to us
Speaker 4: about Ubisoft.
Speaker 1: Yeah, so shares jumping this morning, jumped in in the
Speaker 1: most almost a year. So the news this morning is
Speaker 1: that they've closed the deal with ten Cents. This was
Speaker 1: agreed in March. It's a one point one six billion
Speaker 1: euro investment from ten Cent into Ubisoft, into specifically their
Speaker 1: unit called Vantage Studios, so that house houses certain franchises,
Speaker 1: including Assassin's Creed like you mentioned, and that will be
Speaker 1: used to pay down debt and ten Cent will now
Speaker 1: own a twenty six percent steak in that unit in
Speaker 1: Vantage Studios. The reason it's a bit more complicated, So
Speaker 1: last week Ubisoft shares slumped, so they're reversing that slump
Speaker 1: this morning. But they slumped because they were said to
Speaker 1: be in breach of a loan agreement, and that's after
Speaker 1: they're ordered to ordered it to reinstate restate some of
Speaker 1: its revenue. So it's a bit of a relief today
Speaker 1: that it's gone through and they've got that investment to
Speaker 1: help out, which is essentially what was needed last week.
Speaker 3: You're also looking at the advertising world as well, the
Speaker 3: advertising sector. Two major advertising companies taking hits this morning.
Speaker 3: What's behind the pain there?
Speaker 1: Yeah, both in the UK, so MC's actually and S
Speaker 1: four Capital shares slumping, both of them slightly different reasons,
Speaker 1: but overall it's kind of paints the same picture for
Speaker 1: the sector. So if we take M and C first,
Speaker 1: they cut that outlook, they said they were adversely impacted
Speaker 1: by the US government shutdown and that will hit their
Speaker 1: growth and profitability for the full year. So obviously disappointing
Speaker 1: on that on that part. And then S four Capital
Speaker 1: slump ten percent this morning they issued a profit warning,
Speaker 1: essentially continuing to struggle. So the wide industry and mbss's
Speaker 1: also been hit by this as well, is struggling with
Speaker 1: less spending from clients because of the wider macro environment,
Speaker 1: slower business wins for the same reason the rise of AI.
Speaker 1: So the whole sector hasn't been performing well and S
Speaker 1: four is continuing continuing to struggle on that front. And
Speaker 1: then mbsc's got this kind of added factor of the
Speaker 1: US government shutdown hitting them. So both slumping this morning's
Speaker 1: are not great news towards the end for advertising.
Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us
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