WEBVTT - Diageo Rises, JTC Down, ASML Gains

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move

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<v Speaker 3>today in Europe. I'm Stephen Carroll with Lizzie Burden, and

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<v Speaker 3>we're joined by Bloomberg's Breaking News editor Louise Mean and

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<v Speaker 3>Louise good Morning. Let's start with Diagio. Then their shares

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<v Speaker 3>up over seven percent at the moment in London, and

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<v Speaker 3>new CEO has been announced tell us more.

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<v Speaker 1>Indeed being very much welcomed by the market. So then

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<v Speaker 1>new CEO. Dave Lewis is a well known name in

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<v Speaker 1>the British business and particularly retail space. So he spent

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<v Speaker 1>most of his career at Unilever. But what he's really

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<v Speaker 1>widely known for is turning Tesco around. So he joined

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<v Speaker 1>Tesco in twenty fourteen as it was kind of reeling

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<v Speaker 1>from an accounting scandal at the time. He came in,

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<v Speaker 1>shed a lot of underperforming units and really boosted performance

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<v Speaker 1>and then he ended his his time at Tesco as

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<v Speaker 1>CEO in twenty twenty. So he's known for his turnaround efforts.

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<v Speaker 1>Which are much needed by Dago at the moment. Last

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<v Speaker 1>week they lowered their four year outlook. That's on a

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<v Speaker 1>host of reasons including tariffs, including changing demand for alcohol

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<v Speaker 1>and changing Chinese consumption, a consumption in China. And it

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<v Speaker 1>also ends well a period of a lot of management

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<v Speaker 1>limbo for Dago. Their former CEO left in July and

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<v Speaker 1>they've had an interim CEO in the meantime, So ends

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<v Speaker 1>a period of upheaval and it's hopefully marking or that

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<v Speaker 1>they hope it will mark a change in fortunes for Digo.

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<v Speaker 1>Their shares are down over thirty percent year to date,

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<v Speaker 1>but as you say, they're rising this morning. So Alice

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<v Speaker 1>saying this is a good move, a positive surprise. It

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<v Speaker 1>brings in a heavyweight leader, so really welcoming that move

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<v Speaker 1>and hopes for his that his expertise will will benefit

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<v Speaker 1>the distiller.

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<v Speaker 4>Seems like trying to think he's a trusted brand. But

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<v Speaker 4>to one of the losers this morning is JTC. They're

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<v Speaker 4>down five point three percent. This is of course the

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<v Speaker 4>London listed corporate services provider and it's come after a

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<v Speaker 4>bit of an.

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<v Speaker 1>A indeed, so they're being taken over by Consortium led

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<v Speaker 1>by a private actually house, Permira, so they've won a battle.

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<v Speaker 1>There was a bit of a battle between two private

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<v Speaker 1>exity houses and Permira have won that. So that's expected

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<v Speaker 1>to close in the third quarter of twenty twenty six.

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<v Speaker 1>And this deal values at two point three billion pounds,

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<v Speaker 1>so it seems like, you know, a big amount, but

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<v Speaker 1>there had been expectation of a higher price. So that's

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<v Speaker 1>what's pulling dragging the shares down today. So there's a

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<v Speaker 1>bit of disappointment there. This is so yeah, firstly a

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<v Speaker 1>bit of an appointment there and then also just interesting

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<v Speaker 1>kind of takeaway. It's kind of the second deal of

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<v Speaker 1>its kind of this year, cheaper valuations in the space

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<v Speaker 1>in the UK, drawing in a lot of renewed interests

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<v Speaker 1>from private exity. Another London listed company going privates an

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<v Speaker 1>interesting one whisper it.

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<v Speaker 4>But maybe London's becoming hot again.

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<v Speaker 3>Stephen. Let's turn to the chip stocks next, Luise, you've

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<v Speaker 3>been watching the likes of ASML though show is currently

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<v Speaker 3>up two point seven percent. What's driving them high today?

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<v Speaker 1>Indeed, Yeah, just a quick one on them. So they're

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<v Speaker 1>reacting well, they seem to be reacting on the back

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<v Speaker 1>of results from TSMC over in Asia today, So ASML

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<v Speaker 1>shares rose or rising about three percent, recouping some of

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<v Speaker 1>their recent losses. So TSMC had their October sales figures.

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<v Speaker 1>They did, They rose at the slowest pace since February

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<v Speaker 1>last year, but still coming in relatively strong. And the

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<v Speaker 1>industry is still kind of very buoyant about AI driven growth,

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<v Speaker 1>and they're saying, you know that one worst month of

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<v Speaker 1>sales growth isn't gonna kind of rattle investors. So there's

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<v Speaker 1>still a lot of positivity behind the sector and this

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<v Speaker 1>is benefiting ASML today to BI saying, you know that

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<v Speaker 1>TSMC's results are strong enough to boost demand for some

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<v Speaker 1>of ASML's products, So seeing some potential demand growth there

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<v Speaker 1>and boosting their shares this one.

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<v Speaker 2>Ago the stock Mover's report from Bloomberg Radio. Check back

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