WEBVTT - Evoke Surges, ASML Dips, Infineon Falls 

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data. Now, let's take a.

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<v Speaker 2>Look at some stocks on the move today in Europe

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<v Speaker 2>by Rache Levens with Stephen Carroll and we're joined by

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<v Speaker 2>our reporter t at A Byota. Thanks for joining us.

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<v Speaker 2>So Evoke it hit the jackpot, it seems though. They are.

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<v Speaker 2>Their shares of jumped today and that's after the gambling

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<v Speaker 2>firm has agreed to sell itself for two hundred and

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<v Speaker 2>forty three pounds. It's up by as much as seventeen

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<v Speaker 2>percent this morning. But a bit more about the deal.

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<v Speaker 2>It's with Bali's Introlot. They've agreed to buy a Voke

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<v Speaker 2>for fifty two pence per share in cash. That's according

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<v Speaker 2>to a statement released by the companies today, and intro

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<v Speaker 2>Lot is going to cap its cash payout there as well.

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<v Speaker 2>Evo has seen some tough times. It's been struggling with

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<v Speaker 2>its debt pile and this incoming UK betting tax that

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<v Speaker 2>came into effect a few months ago. It's holding significant

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<v Speaker 2>debt following its twenty twenty one acquisition of William Hill,

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<v Speaker 2>and it is being further squeezed by these taxes which

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<v Speaker 2>are focused on virtual casinos, and there is also an

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<v Speaker 2>increasing regulatory burden on the sector as a whole as well.

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<v Speaker 2>In March, the company announced plans to close two hundred

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<v Speaker 2>Bessing shops. So that just shows you the pressure it's

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<v Speaker 2>been under. But actually we had the CEO of Value's

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<v Speaker 2>Interlocked Ropes and Reeves earlier in the program speaking to

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<v Speaker 2>Caroline Hepka and Charles Cable, and he also cited this

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<v Speaker 2>increase in UK taxes as a big reason for the

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<v Speaker 2>pressure in the sex that he actually said that if

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<v Speaker 2>there are further tax increases, he thinks there'd be only

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<v Speaker 2>one operator left. So gives you an idea of the

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<v Speaker 2>scale of these changes. But it's a nice bit of

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<v Speaker 2>m and a arbitrage for Evoke this morning, really supercharging

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<v Speaker 2>its share price, and we'll keep a close eye on

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<v Speaker 2>Bally's plans for its progression as well.

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<v Speaker 1>Okay, so that's Evoke. Let's turn to the text story though,

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<v Speaker 1>and you've been watching the moves in ASML.

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<v Speaker 2>Yeah, ASML, this is really a stock that's quite embedded

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<v Speaker 2>into the textory that we've been following over the last

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<v Speaker 2>few days. We've seen firms exposed to AI rally before

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<v Speaker 2>trimming gains more recently, and that's really the story for ASML.

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<v Speaker 2>It's down by just over three percent, and that's amid

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<v Speaker 2>a broad retreat in chip stocks. It started yesterday and

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<v Speaker 2>has deepened today. It's coming as investors are looking out

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<v Speaker 2>for that US payrolls data. They're expecting it to confirm

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<v Speaker 2>that interest rates will stay higher for longer. And for ASML,

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<v Speaker 2>this dip is despite both Barclays and Bank of America

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<v Speaker 2>raising their price targets for the firm yesterday. They cited

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<v Speaker 2>increased confidence in ASML's ability to ramp up its supply

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<v Speaker 2>capacity for chip making tools to meet the demand that

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<v Speaker 2>it's seeing. It's hold off on the heels of increased

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<v Speaker 2>estimates from UBS and JP Morgan as well, so a

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<v Speaker 2>list saying that they're also seeing demand from China recovery.

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<v Speaker 2>So some positive news from analysts, but the story here

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<v Speaker 2>today is a dip, but broader confidence at least from brokers. Okay,

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<v Speaker 2>and then what have we been seeing with Infinian tell

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<v Speaker 2>us more about the moves have been going on there.

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<v Speaker 2>So a similar story for Infinian another tech loser this morning.

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<v Speaker 2>It's one of the biggest decliners amongst those broader tech

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<v Speaker 2>losses that we're seeing in Europe this morning. It shares

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<v Speaker 2>down as much as seven percent today. It's also been

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<v Speaker 2>cut to a hold by MP Capital Markets, and the

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<v Speaker 2>analysts there really summed up his decision by saying that

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<v Speaker 2>although the operating performance is expected to stay solid, the

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<v Speaker 2>current risk reward ratio is a bit less compelling, especially

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<v Speaker 2>given its considerably higher valuation. But just to reiterate, this

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<v Speaker 2>is very much a sector wide phenomenon today as a

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<v Speaker 2>UBS basket of European semiconductor stocks and that's down four

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<v Speaker 2>point eight percent, so really showing the weakness across the

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<v Speaker 2>board as the rally that we saw earlier in the

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<v Speaker 2>week starts to call.

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<v Speaker 1>The stock mover's report from Bloomberg Radio. Check back with

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