1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,200 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,400 --> 00:00:17,840 Speaker 3: Let's take a look at some stocks on the move 5 00:00:17,840 --> 00:00:20,400 Speaker 3: today in Europe. I'm Stephen Carroll with Lizzie Burden, and 6 00:00:20,440 --> 00:00:22,960 Speaker 3: we're joined by Bloomberg's Breaking News editor Louise Mean and 7 00:00:23,040 --> 00:00:26,040 Speaker 3: Louise good Morning. Let's start with Diagio. Then their shares 8 00:00:26,120 --> 00:00:28,800 Speaker 3: up over seven percent at the moment in London, and 9 00:00:28,880 --> 00:00:31,120 Speaker 3: new CEO has been announced tell us more. 10 00:00:31,440 --> 00:00:34,479 Speaker 1: Indeed being very much welcomed by the market. So then 11 00:00:34,520 --> 00:00:37,800 Speaker 1: new CEO. Dave Lewis is a well known name in 12 00:00:38,120 --> 00:00:42,320 Speaker 1: the British business and particularly retail space. So he spent 13 00:00:42,440 --> 00:00:44,560 Speaker 1: most of his career at Unilever. But what he's really 14 00:00:44,600 --> 00:00:47,120 Speaker 1: widely known for is turning Tesco around. So he joined 15 00:00:47,120 --> 00:00:50,600 Speaker 1: Tesco in twenty fourteen as it was kind of reeling 16 00:00:50,640 --> 00:00:54,240 Speaker 1: from an accounting scandal at the time. He came in, 17 00:00:54,560 --> 00:00:58,240 Speaker 1: shed a lot of underperforming units and really boosted performance 18 00:00:58,360 --> 00:01:01,680 Speaker 1: and then he ended his his time at Tesco as 19 00:01:01,720 --> 00:01:06,880 Speaker 1: CEO in twenty twenty. So he's known for his turnaround efforts. 20 00:01:07,200 --> 00:01:09,600 Speaker 1: Which are much needed by Dago at the moment. Last 21 00:01:09,640 --> 00:01:12,240 Speaker 1: week they lowered their four year outlook. That's on a 22 00:01:12,319 --> 00:01:16,160 Speaker 1: host of reasons including tariffs, including changing demand for alcohol 23 00:01:16,400 --> 00:01:20,520 Speaker 1: and changing Chinese consumption, a consumption in China. And it 24 00:01:20,560 --> 00:01:24,640 Speaker 1: also ends well a period of a lot of management 25 00:01:24,720 --> 00:01:29,600 Speaker 1: limbo for Dago. Their former CEO left in July and 26 00:01:29,640 --> 00:01:33,680 Speaker 1: they've had an interim CEO in the meantime, So ends 27 00:01:33,680 --> 00:01:36,880 Speaker 1: a period of upheaval and it's hopefully marking or that 28 00:01:36,959 --> 00:01:40,280 Speaker 1: they hope it will mark a change in fortunes for Digo. 29 00:01:40,319 --> 00:01:42,319 Speaker 1: Their shares are down over thirty percent year to date, 30 00:01:42,319 --> 00:01:44,360 Speaker 1: but as you say, they're rising this morning. So Alice 31 00:01:44,400 --> 00:01:46,520 Speaker 1: saying this is a good move, a positive surprise. It 32 00:01:46,560 --> 00:01:50,240 Speaker 1: brings in a heavyweight leader, so really welcoming that move 33 00:01:50,400 --> 00:01:53,280 Speaker 1: and hopes for his that his expertise will will benefit 34 00:01:53,400 --> 00:01:54,480 Speaker 1: the distiller. 35 00:01:54,120 --> 00:01:56,760 Speaker 4: Seems like trying to think he's a trusted brand. But 36 00:01:56,800 --> 00:01:59,200 Speaker 4: to one of the losers this morning is JTC. They're 37 00:01:59,240 --> 00:02:01,680 Speaker 4: down five point three percent. This is of course the 38 00:02:01,680 --> 00:02:05,080 Speaker 4: London listed corporate services provider and it's come after a 39 00:02:05,120 --> 00:02:05,680 Speaker 4: bit of an. 40 00:02:05,560 --> 00:02:08,720 Speaker 1: A indeed, so they're being taken over by Consortium led 41 00:02:08,720 --> 00:02:11,720 Speaker 1: by a private actually house, Permira, so they've won a battle. 42 00:02:11,760 --> 00:02:13,320 Speaker 1: There was a bit of a battle between two private 43 00:02:13,320 --> 00:02:16,160 Speaker 1: exity houses and Permira have won that. So that's expected 44 00:02:16,160 --> 00:02:18,760 Speaker 1: to close in the third quarter of twenty twenty six. 45 00:02:18,760 --> 00:02:21,280 Speaker 1: And this deal values at two point three billion pounds, 46 00:02:21,360 --> 00:02:24,359 Speaker 1: so it seems like, you know, a big amount, but 47 00:02:24,400 --> 00:02:26,840 Speaker 1: there had been expectation of a higher price. So that's 48 00:02:26,880 --> 00:02:29,040 Speaker 1: what's pulling dragging the shares down today. So there's a 49 00:02:29,080 --> 00:02:33,440 Speaker 1: bit of disappointment there. This is so yeah, firstly a 50 00:02:33,440 --> 00:02:36,280 Speaker 1: bit of an appointment there and then also just interesting 51 00:02:36,320 --> 00:02:38,560 Speaker 1: kind of takeaway. It's kind of the second deal of 52 00:02:38,600 --> 00:02:41,720 Speaker 1: its kind of this year, cheaper valuations in the space 53 00:02:41,800 --> 00:02:44,560 Speaker 1: in the UK, drawing in a lot of renewed interests 54 00:02:44,560 --> 00:02:48,080 Speaker 1: from private exity. Another London listed company going privates an 55 00:02:48,080 --> 00:02:49,440 Speaker 1: interesting one whisper it. 56 00:02:49,600 --> 00:02:51,520 Speaker 4: But maybe London's becoming hot again. 57 00:02:51,680 --> 00:02:57,079 Speaker 3: Stephen. Let's turn to the chip stocks next, Luise, you've 58 00:02:57,080 --> 00:02:59,480 Speaker 3: been watching the likes of ASML though show is currently 59 00:02:59,520 --> 00:03:02,359 Speaker 3: up two point seven percent. What's driving them high today? 60 00:03:02,600 --> 00:03:04,560 Speaker 1: Indeed, Yeah, just a quick one on them. So they're 61 00:03:04,600 --> 00:03:06,440 Speaker 1: reacting well, they seem to be reacting on the back 62 00:03:06,480 --> 00:03:10,119 Speaker 1: of results from TSMC over in Asia today, So ASML 63 00:03:10,160 --> 00:03:13,920 Speaker 1: shares rose or rising about three percent, recouping some of 64 00:03:13,960 --> 00:03:18,880 Speaker 1: their recent losses. So TSMC had their October sales figures. 65 00:03:19,240 --> 00:03:22,800 Speaker 1: They did, They rose at the slowest pace since February 66 00:03:22,880 --> 00:03:26,720 Speaker 1: last year, but still coming in relatively strong. And the 67 00:03:26,800 --> 00:03:31,000 Speaker 1: industry is still kind of very buoyant about AI driven growth, 68 00:03:31,200 --> 00:03:34,360 Speaker 1: and they're saying, you know that one worst month of 69 00:03:34,440 --> 00:03:37,480 Speaker 1: sales growth isn't gonna kind of rattle investors. So there's 70 00:03:37,480 --> 00:03:39,680 Speaker 1: still a lot of positivity behind the sector and this 71 00:03:39,720 --> 00:03:42,600 Speaker 1: is benefiting ASML today to BI saying, you know that 72 00:03:42,680 --> 00:03:45,760 Speaker 1: TSMC's results are strong enough to boost demand for some 73 00:03:45,800 --> 00:03:50,200 Speaker 1: of ASML's products, So seeing some potential demand growth there 74 00:03:50,240 --> 00:03:51,760 Speaker 1: and boosting their shares this one. 75 00:03:51,680 --> 00:03:56,680 Speaker 2: Ago the stock Mover's report from Bloomberg Radio. Check back 76 00:03:56,680 --> 00:03:58,920 Speaker 2: with us throughout the day for the latest roundup of 77 00:03:58,960 --> 00:04:02,240 Speaker 2: companies making news on Wall Street and for the latest 78 00:04:02,280 --> 00:04:06,480 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 79 00:04:06,520 --> 00:04:10,240 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 80 00:04:10,280 --> 00:04:12,240 Speaker 2: Auto with the Bloomberg Business app.