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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: Let's have a look at some of the stocks on

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Speaker 3: the move today here in you're I'm Caroline Hepcat alongside

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Speaker 3: Stephen Carroll, and we're joined by Bloomberg's Equities, reported Joe

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Speaker 3: easton Good Morning Joe. The UK supermarket chain Sainsby's has

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Speaker 3: reported strong sales growth, but the market's really buying what

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Speaker 3: they're selling.

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Speaker 1: Seeing it's sales rising around five percent in the sixteen

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Speaker 1: weeks through to June twenty first, that's better than analysts expected,

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Speaker 1: volumes looking strong and actually the firm having the highest

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Speaker 1: market share in almost a decade. So there's been a

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Speaker 1: lot of concern in that sector in general around discounting.

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Speaker 1: We had a profit warning not so long ago from Asda,

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Speaker 1: the privately held rival, that really hit the sector. We

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Speaker 1: saw Sainsbury's Tescos dropping a few months ago, but this

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Speaker 1: report kind of giving a bit of assurance to the

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Speaker 1: market that actually Sainsbury's doing pretty well navigating that price

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Speaker 1: competition and therefore their volumes holding out a lot of

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Speaker 1: that linked according to our report to the loyalty program.

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Speaker 1: So the nectar points. But doesn't everyone have a nectar

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Speaker 1: card anyway? So who's going into Sainsbury's and not using

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Speaker 1: a nectar card. Surely everyone's doing that and getting the

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Speaker 1: same discount.

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Speaker 3: Maybe if you forget it or you don't have it

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Speaker 3: the app. Yeah, it's a little bit complicated to you.

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Speaker 1: When you've got the club card price the nector price.

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Speaker 1: It's like everyone's doing it, isn't Is it really a benefit?

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Speaker 1: I don't know.

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Speaker 4: I mean I've sat in the keys and supermarkets downloading

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Speaker 4: the app to make sure that I had us to

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Speaker 4: get those discounts. So if they are, yeah, good signal.

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Speaker 4: Let's move on to a pharmaceut cause then, Joel, there's

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Speaker 4: a new weight last drug that looks promising could provide

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Speaker 4: perhaps a healthy return for some players in the sector.

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Speaker 1: Yes, a very healthy return according to analyst over at

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Speaker 1: BNP Parabot. So they've got a new buy rating and

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Speaker 1: outperform rating on Zealand Farmer over in Copenhagen. Now everyone

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Speaker 1: kind of thinks about Novo Nordisk and Eli Lilly when

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Speaker 1: they're thinking about weight loss drugs, but Zealand has their

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Speaker 1: own version. It is different to the glp ones that

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Speaker 1: the drugs like we Go the and a zepic Manjara,

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Speaker 1: the more popular names are using. This is a drug

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Speaker 1: called amelin or at least that is the chemical that

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Speaker 1: it mimics when you take it. Is also a appetite

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Speaker 1: suppressants therefore essentially has the same end result. You can

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Speaker 1: lose weight taking it, and analysts over at B and

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Speaker 1: P parable I think this will be a big competitor.

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Speaker 1: So those big names that I've just mentioned, so they

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Speaker 1: think that they could get an eight percent share of

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Speaker 1: the entire global obesit market, which is going to be

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Speaker 1: worth one hundreds of billions potentially within a few years.

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Speaker 1: So that's not gaining four percent today as B and

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Speaker 1: P recommend buying shares of Zeeland Farmer Oh.

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Speaker 3: Wow, okay, so there could be another player, and that's

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Speaker 3: in terms of house price is here in the UK

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Speaker 3: that's another focus they are falling foundational problems.

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Speaker 1: Yes, so the foundational problems coming following a report out

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Speaker 1: from the Nationwide Building Society Today's showing the average cost

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Speaker 1: of a home in the UK unexpectedly declined to two

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Speaker 1: hundred and seventy one thousand, six hundred and nineteen. That

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Speaker 1: cannot be in London?

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Speaker 2: Can it?

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Speaker 1: For two hundred and seventy grand?

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Speaker 3: No, that's a cupboard and loved.

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Speaker 1: Yeah yeah, yeah, exactly a decent sized cupboard in London

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Speaker 1: for two hundred and seventy grand. But that data weighing

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Speaker 1: on the house price indexes and the house price share shares,

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Speaker 1: I should say so, Barrett Redrow falling one percent to day,

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Speaker 1: Vistory slipping as well, Taylor, Wimpy and Belway all declining. However,

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Speaker 1: there is some reports out there from analysts saying this

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Speaker 1: was potentially a bit of an impact where we saw

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Speaker 1: an increase in some of the taxes, so some of

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Speaker 1: the stamp duty taxes went up. Therefore, did that have

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Speaker 1: an impact? Has it been distored? Demand four hims probably

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Speaker 1: actually stronger, getting stronger given with seeing the mortgage ights

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Speaker 1: coming down. But for the moment that week data weiang

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Speaker 1: on Barrett Regro in particular, that stock is declining one

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Speaker 1: percent today.

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Speaker 4: Okay, Joe, thank you very much for joining us our

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Speaker 4: Ecuador supporter Joe easton.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check Back with

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Speaker 2: us throughout the day. For the latest roundup of companies

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

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