Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move
Speaker 3: today in Europe. I'm Stephen Carroll with Lizzie Burden, and
Speaker 3: we're joined by Bloomberg's Breaking News editor Louise Mean and
Speaker 3: Louise good Morning. Let's start with Diagio. Then their shares
Speaker 3: up over seven percent at the moment in London, and
Speaker 3: new CEO has been announced tell us more.
Speaker 1: Indeed being very much welcomed by the market. So then
Speaker 1: new CEO. Dave Lewis is a well known name in
Speaker 1: the British business and particularly retail space. So he spent
Speaker 1: most of his career at Unilever. But what he's really
Speaker 1: widely known for is turning Tesco around. So he joined
Speaker 1: Tesco in twenty fourteen as it was kind of reeling
Speaker 1: from an accounting scandal at the time. He came in,
Speaker 1: shed a lot of underperforming units and really boosted performance
Speaker 1: and then he ended his his time at Tesco as
Speaker 1: CEO in twenty twenty. So he's known for his turnaround efforts.
Speaker 1: Which are much needed by Dago at the moment. Last
Speaker 1: week they lowered their four year outlook. That's on a
Speaker 1: host of reasons including tariffs, including changing demand for alcohol
Speaker 1: and changing Chinese consumption, a consumption in China. And it
Speaker 1: also ends well a period of a lot of management
Speaker 1: limbo for Dago. Their former CEO left in July and
Speaker 1: they've had an interim CEO in the meantime, So ends
Speaker 1: a period of upheaval and it's hopefully marking or that
Speaker 1: they hope it will mark a change in fortunes for Digo.
Speaker 1: Their shares are down over thirty percent year to date,
Speaker 1: but as you say, they're rising this morning. So Alice
Speaker 1: saying this is a good move, a positive surprise. It
Speaker 1: brings in a heavyweight leader, so really welcoming that move
Speaker 1: and hopes for his that his expertise will will benefit
Speaker 1: the distiller.
Speaker 4: Seems like trying to think he's a trusted brand. But
Speaker 4: to one of the losers this morning is JTC. They're
Speaker 4: down five point three percent. This is of course the
Speaker 4: London listed corporate services provider and it's come after a
Speaker 4: bit of an.
Speaker 1: A indeed, so they're being taken over by Consortium led
Speaker 1: by a private actually house, Permira, so they've won a battle.
Speaker 1: There was a bit of a battle between two private
Speaker 1: exity houses and Permira have won that. So that's expected
Speaker 1: to close in the third quarter of twenty twenty six.
Speaker 1: And this deal values at two point three billion pounds,
Speaker 1: so it seems like, you know, a big amount, but
Speaker 1: there had been expectation of a higher price. So that's
Speaker 1: what's pulling dragging the shares down today. So there's a
Speaker 1: bit of disappointment there. This is so yeah, firstly a
Speaker 1: bit of an appointment there and then also just interesting
Speaker 1: kind of takeaway. It's kind of the second deal of
Speaker 1: its kind of this year, cheaper valuations in the space
Speaker 1: in the UK, drawing in a lot of renewed interests
Speaker 1: from private exity. Another London listed company going privates an
Speaker 1: interesting one whisper it.
Speaker 4: But maybe London's becoming hot again.
Speaker 3: Stephen. Let's turn to the chip stocks next, Luise, you've
Speaker 3: been watching the likes of ASML though show is currently
Speaker 3: up two point seven percent. What's driving them high today?
Speaker 1: Indeed, Yeah, just a quick one on them. So they're
Speaker 1: reacting well, they seem to be reacting on the back
Speaker 1: of results from TSMC over in Asia today, So ASML
Speaker 1: shares rose or rising about three percent, recouping some of
Speaker 1: their recent losses. So TSMC had their October sales figures.
Speaker 1: They did, They rose at the slowest pace since February
Speaker 1: last year, but still coming in relatively strong. And the
Speaker 1: industry is still kind of very buoyant about AI driven growth,
Speaker 1: and they're saying, you know that one worst month of
Speaker 1: sales growth isn't gonna kind of rattle investors. So there's
Speaker 1: still a lot of positivity behind the sector and this
Speaker 1: is benefiting ASML today to BI saying, you know that
Speaker 1: TSMC's results are strong enough to boost demand for some
Speaker 1: of ASML's products, So seeing some potential demand growth there
Speaker 1: and boosting their shares this one.
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