1 00:00:02,520 --> 00:00:07,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,960 --> 00:00:18,440 Speaker 3: Now, let's take a look at some of the stocks 5 00:00:18,440 --> 00:00:21,040 Speaker 3: on the move today in Europe. I'm Lizzieburden with Caroline 6 00:00:21,040 --> 00:00:24,239 Speaker 3: Hepcat and we're joined by Bloomberg reporter Chloe Melly. Chloe, 7 00:00:24,320 --> 00:00:26,480 Speaker 3: I want to start with Babcock. Positive news for them, 8 00:00:26,560 --> 00:00:28,240 Speaker 3: tell us more. Yeah, absolutely so. 9 00:00:28,320 --> 00:00:31,400 Speaker 1: The UK is reportedly in advanced talks to build warships 10 00:00:31,440 --> 00:00:34,599 Speaker 1: for Denmark and Sweden and those would be built by Babcock. 11 00:00:34,640 --> 00:00:37,560 Speaker 1: And this of course comes right after a ten billion 12 00:00:37,600 --> 00:00:40,279 Speaker 1: pound deal between the UK and Norway for the construction 13 00:00:40,320 --> 00:00:42,360 Speaker 1: of warships two and that was to the benefit of 14 00:00:42,440 --> 00:00:44,519 Speaker 1: BA System. That's a deal that we heard about a 15 00:00:44,520 --> 00:00:46,400 Speaker 1: little bit earlier in the week. So pretty good week 16 00:00:46,400 --> 00:00:49,360 Speaker 1: for the UK defense industry as a whole, with quite 17 00:00:49,360 --> 00:00:53,000 Speaker 1: big wins there. Those two deals are not done just yet. 18 00:00:53,040 --> 00:00:56,440 Speaker 1: The talks with Sweden were reportedly very positive, but a 19 00:00:56,480 --> 00:00:59,640 Speaker 1: little bit complex given that Sweden is also considering a 20 00:00:59,720 --> 00:01:03,480 Speaker 1: rival offer from a French company. The Danish deal seems 21 00:01:03,520 --> 00:01:05,720 Speaker 1: a little bit more set in stone and could potentially 22 00:01:06,040 --> 00:01:08,880 Speaker 1: be announced this month. So this really boosted at the 23 00:01:08,920 --> 00:01:11,840 Speaker 1: shares this morning for bebcock and after what's already been 24 00:01:11,880 --> 00:01:14,720 Speaker 1: a really positive, a really good year. So there's definitely 25 00:01:14,800 --> 00:01:17,240 Speaker 1: kind of a stock to watch going forward, especially given 26 00:01:17,640 --> 00:01:18,600 Speaker 1: this latest boost. 27 00:01:19,280 --> 00:01:23,520 Speaker 4: Yeah, okay, very interesting to see that the Nordics turning 28 00:01:23,560 --> 00:01:26,000 Speaker 4: to the UK for that ship building, a big build 29 00:01:26,040 --> 00:01:29,160 Speaker 4: out in the north of England coming. One imagines added 30 00:01:29,240 --> 00:01:31,480 Speaker 4: US is up again. What's the context there? 31 00:01:31,920 --> 00:01:34,600 Speaker 1: So Adidas got a twofold kind of boost this morning. 32 00:01:34,600 --> 00:01:36,560 Speaker 1: It got an upgrade from Jeffreys and then it was 33 00:01:36,640 --> 00:01:40,160 Speaker 1: also put on a positive catalyst watch by JP Morgan. 34 00:01:40,720 --> 00:01:42,840 Speaker 1: This comes after quite a lot of weakness in the 35 00:01:42,880 --> 00:01:46,080 Speaker 1: stock on the back of tariff uncertainty. The year to 36 00:01:46,160 --> 00:01:50,240 Speaker 1: date drop in the shares was about thirty percent. But 37 00:01:50,240 --> 00:01:52,240 Speaker 1: Ales are saying that now the company is kind of 38 00:01:52,280 --> 00:01:55,800 Speaker 1: turning a corner. They noted that Edidas was really well run. 39 00:01:55,920 --> 00:02:00,120 Speaker 1: You know, there's quite disciplined portfolio management it got. It's 40 00:02:00,160 --> 00:02:02,360 Speaker 1: got as well really good a kind of cost control, 41 00:02:02,840 --> 00:02:06,320 Speaker 1: and also currency movements could potentially become a tailwind as well. 42 00:02:06,360 --> 00:02:09,600 Speaker 1: Freddie that's going forward. So that's all very very positive. 43 00:02:09,800 --> 00:02:12,480 Speaker 1: On the other hand, its rival Puma is not having 44 00:02:12,520 --> 00:02:15,160 Speaker 1: as good of a time. It got downgraded by JP 45 00:02:15,280 --> 00:02:18,360 Speaker 1: Morgan because of the sort of ongoing turnaround under the 46 00:02:18,440 --> 00:02:20,959 Speaker 1: new CEO, which kind of creates a bit of uncertainty. 47 00:02:21,120 --> 00:02:24,280 Speaker 1: And then also the challenges are very intense competition, so 48 00:02:24,320 --> 00:02:27,440 Speaker 1: this is definitely a company specific story with the deader's 49 00:02:27,480 --> 00:02:30,160 Speaker 1: doing well rather than the sort of sector story there. 50 00:02:30,440 --> 00:02:33,040 Speaker 3: And finally to M and G, what's driving movements there. 51 00:02:33,520 --> 00:02:36,600 Speaker 1: So yeah, the market reacted quite negatively this morning to 52 00:02:36,639 --> 00:02:40,240 Speaker 1: the profit missing estimate for the first half of the year, 53 00:02:40,320 --> 00:02:44,000 Speaker 1: and partly that was due to currency fluctuations. It's not 54 00:02:44,080 --> 00:02:46,440 Speaker 1: all bad for MG if we look at the asset 55 00:02:46,480 --> 00:02:50,360 Speaker 1: management unit that reported a quite good net inflows and 56 00:02:50,440 --> 00:02:53,079 Speaker 1: the company said that it's really working to win more 57 00:02:53,120 --> 00:02:57,200 Speaker 1: business from investors outside of the UK home market. The 58 00:02:57,639 --> 00:03:01,040 Speaker 1: inflows in the asset management unit were helps, for example, 59 00:03:01,040 --> 00:03:02,880 Speaker 1: in this first half of the year by a two 60 00:03:03,040 --> 00:03:07,440 Speaker 1: two billion pound mandate with the Netherlands, so it seems 61 00:03:07,440 --> 00:03:09,960 Speaker 1: it's already making kind of good progress on that promise 62 00:03:10,000 --> 00:03:13,600 Speaker 1: to venture outside of the UK. The company kept all 63 00:03:13,639 --> 00:03:16,639 Speaker 1: of its financial and strategic targets, but it wasn't good 64 00:03:16,720 --> 00:03:19,600 Speaker 1: enough for analysts and investors today, they might have perhaps 65 00:03:19,639 --> 00:03:22,480 Speaker 1: expected a little bit more, given quite an impressive rise 66 00:03:22,560 --> 00:03:24,320 Speaker 1: in the sheds since around March this year. 67 00:03:25,960 --> 00:03:30,000 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 68 00:03:30,080 --> 00:03:32,639 Speaker 2: us throughout the day for the latest roundup of companies 69 00:03:32,720 --> 00:03:35,800 Speaker 2: making news on Wall Street and for the latest market 70 00:03:35,840 --> 00:03:40,320 Speaker 2: moving headlines. 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