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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Now let's take a look at some of the stocks

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Speaker 3: on the move today here in Europe. We're joined by

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Speaker 3: Bloomberg's Markets Today editor Sam Onsted. Sam, good morning. We've

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Speaker 3: acquired you to do our Stocks to Watch slot today.

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Speaker 3: You seem to have taken m and at to heart.

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Speaker 3: Tell us about Medio Banker.

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Speaker 4: Well, I'll tell you about Mediobanker, but I think first

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Speaker 4: of all you have to get into the saga around

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Speaker 4: Italian banking consolidation. Ah, So let me just take you

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Speaker 4: through that very briefly, very briefly. So, Medio Banker have

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Speaker 4: made a bid for Banker General, which is the asset

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Speaker 4: management arm or the wealth management armor for Generaleh, which

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Speaker 4: is an Italian insurer. They're going to pay for that

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Speaker 4: in generalay shares, Okay, So still with me. Yes, And

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Speaker 4: they're doing that because they've had a bit in from Montepascui,

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Speaker 4: another Italian bank, which they don't want to take and

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Speaker 4: they would like to beef up their wealth management division.

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Speaker 4: Makes them slightly less attractive to Montepascui and therefore overall

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Speaker 4: might slow down. That's that consolidation that we've seen, but

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Speaker 4: it's been a you know, we've had four or five

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Speaker 4: deals already. Almost a new one seems to appear almost

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Speaker 4: every month. Banker generally shares though up about six or

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Speaker 4: seven percent in on the foots you maybe in.

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Speaker 1: Italy, particularly the Spanish and Italian banking sectors, see quite

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Speaker 1: a lot of consolidation, which is interesting. So this is

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Speaker 1: the latest chapter in talking of talking of MNA, but

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Speaker 1: in a very different sector, Door Dash making a bid

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Speaker 1: for Deliver rou what are the big crum roll takeaways.

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Speaker 4: Very nice, but so this is kind of an interesting

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Speaker 4: when Delivery one of those companies that is often talked

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Speaker 4: about as a potential takeover candidate. That is partly because

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Speaker 4: they listed back in twenty twenty one at the heighth

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Speaker 4: of the pandemic, when demand for their services was very,

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Speaker 4: very high, had about three hundred and ninety pence. This

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Speaker 4: bid from door Dash is only at one hundred and

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Speaker 4: eighty pence, so half of what they listed at only

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Speaker 4: a couple of years ago. Because that the demand waned

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Speaker 4: and they haven't never you know, their shares have never

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Speaker 4: really got back to where they needed to be, so

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Speaker 4: that's happened. We also have again they're not too far

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Speaker 4: off what happened in Italian banking as well. A bit

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Speaker 4: of a saga going on because just Eat takeaway arrival

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Speaker 4: of delivery is also being taken over, so some consolidation

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Speaker 4: in general going on in that space. The thing to

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Speaker 4: watch about this, so Delivery shares off about sixteen percent.

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Speaker 4: There's a question as to where they might get another

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Speaker 4: bid in because the bid is not enormous premium, so

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Speaker 4: there's a possibility of more. But the big sort of

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Speaker 4: big question is Amazon. So Amazon still owned just over

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Speaker 4: fourteen percent of Delivery, and for a long time that's

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Speaker 4: what everyone thought would happen. Amazon would eventually just buy

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Speaker 4: Delivery or certainly partner with them much more than they

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Speaker 4: do now. No sign of that as yet, but watch

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Speaker 4: out for that in the next couple of weeks.

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Speaker 3: Okay, that's interesting. Now Big blother master chef Black Mirror

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Speaker 3: or like Black Mirror talk us through ITV apparently attracting

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Speaker 3: interest from Bana Jay.

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Speaker 4: Yeah, and you know, so quite an interesting move in

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Speaker 4: ITV shares on this today. So ITV if delivery is

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Speaker 4: a perennial takeover target. ITV is way beyond that. I

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Speaker 4: mean the time, in the time that I've been a

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Speaker 4: stock reporter, they have been top of almost every list

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Speaker 4: every year of who's going to get acquired right, so,

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Speaker 4: and it's never happened. Terrestrial broadcaster operating in a world

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Speaker 4: of streamers who have much more money. So there's always

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Speaker 4: this expectation. Banaje French company. This is the air report

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Speaker 4: from the ft looking at either ITV or ITV studios.

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Speaker 4: So it may not be the whole company, it may

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Speaker 4: just be the studios business. That's that is a rumor

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Speaker 4: that comes up to be blunt with you a lot

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Speaker 4: that someone may buy either the whole company or just

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Speaker 4: a studios business. So the shares went up this morning,

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Speaker 4: but already they've kind of reversed that, and when I

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Speaker 4: got up from my desk they were down about three

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Speaker 4: point five percent. So I think what you're getting here

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Speaker 4: is actually a little bit of kind of m and

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Speaker 4: a fatigue with ITV that, yes, another bid may be coming,

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Speaker 4: but at the moment there's no indication that it's going

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Speaker 4: to become a firm off.

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Speaker 1: Okay, no fatigue here though, because you've just hit straight

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Speaker 1: to some fantastic stories and important stocks.

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Speaker 2: To watch the Stockmovers podcast from Bloomberg Radio. Check back

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Speaker 2: with us throughout the day for the latest roundup of

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Speaker 2: companies making news on Wall Street and for the latest

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