WEBVTT - Bayer Rises, Barclays Up, Campari Gains

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

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

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

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<v Speaker 3>Well, let's have a look at some of the stocks

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<v Speaker 3>on the move today here in Europe. I'm Caroline Hepkar

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<v Speaker 3>with Stephen Cowell, and we're joined by Bloomberg's Breaking News

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<v Speaker 3>editor Louise Moon.

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<v Speaker 1>Luie's good morning.

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<v Speaker 3>Let's begin with Beyer, which makes agricultural products, and the

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<v Speaker 3>Trump administration seems to have stepped in to back the

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<v Speaker 3>firm's appeals against US lawsuits that have been targeting for

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<v Speaker 3>quite some time. Bear's top selling weed killer. Indeed, yeah so,

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<v Speaker 3>shares a surgeon in Germany on this news. They're up

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<v Speaker 3>the most in about two decades this morning. So, as

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<v Speaker 3>you say, yeah so, a Trump official has urged the

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<v Speaker 3>US High Court to consider Bear's appeal to this case.

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<v Speaker 3>This is thousands of lawsuits that have been going on

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<v Speaker 3>for years blaming their weedkiller for causing cancer essentially, so

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<v Speaker 3>this is the US list the general So, yeah, he's

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<v Speaker 3>recommended that the High Court agrees to hear Beer's challenges,

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<v Speaker 3>which is which makes a big difference.

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<v Speaker 4>So if you look at the statistics around it. The

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<v Speaker 4>Supreme Court now has to decide whether to take the case,

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<v Speaker 4>and usually they only accept less than one percent of petitions,

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<v Speaker 4>but with this backing, the probability rises to more than

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<v Speaker 4>seventy percent. So it's a big, a big deal. So

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<v Speaker 4>that's the next thing that's being looked at. That the

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<v Speaker 4>focus is now moving on on what the Supreme Court

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<v Speaker 4>will decide. But as you say, it's played them you know,

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<v Speaker 4>for years to come. They've already paid over about ten

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<v Speaker 4>billion dollars in verdicts in settlements.

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<v Speaker 1>So Alice is saying, obviously this is this.

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<v Speaker 4>Is a positive indication and they're looking at could this

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<v Speaker 4>potentially mean if this you know, goes ahead, that there

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<v Speaker 4>could be lower provision requirements and so on. So yeah,

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<v Speaker 4>shares surging on the back of that, So we will be

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<v Speaker 4>keeping an eye as to what the Supreme Court actually

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<v Speaker 4>end up deciding and what happens going forward with the case.

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<v Speaker 1>Okay, So that on Bayer to UK banks now the

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<v Speaker 1>country seven largest lenders have passed. The Bank of England

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<v Speaker 1>stressed how that's going down on.

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<v Speaker 4>Markets going down quite well. Shares are taking high into

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<v Speaker 4>the green across the board. So the likes of Lloyd, HSBC,

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<v Speaker 4>that West not hugely higher potentially because they were all

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<v Speaker 4>kind of they were all expected to pass.

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<v Speaker 1>But it is still very good news for the bank.

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<v Speaker 4>So as you say, they passed this stressess it essentially

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<v Speaker 4>examines how resilient they are to an economic shock that's

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<v Speaker 4>worse than their financial crisis.

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<v Speaker 1>That's what they're examined against.

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<v Speaker 4>So the results are showing that all of these banks

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<v Speaker 4>can support the economy even if conditions are you know,

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<v Speaker 4>materiously materially worse than expected. The BWI also said that

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<v Speaker 4>none need to strengthen their capital positions and also cut

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<v Speaker 4>the estimates of how much the sector needs in capital requirements.

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<v Speaker 1>That was for the first time in a decade. So

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<v Speaker 1>it's some positive news for them.

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<v Speaker 4>As I say, shares are higher, but not hugely, you know,

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<v Speaker 4>no huge movements.

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<v Speaker 1>On this news, but good news for the banking sector. Okay.

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<v Speaker 3>So that with the Bank of England's verdicts, then on

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<v Speaker 3>the banking industry in the UK, Campari is our last

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<v Speaker 3>stock and that is rising today because of strong growth

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<v Speaker 3>prospects in the US.

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<v Speaker 4>Yeah, so Barkley's has raised their recommendation. So it's all

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<v Speaker 4>on the back of this. They've also increased their price

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<v Speaker 4>target for Campari. They're saying that Campari is well balanced

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<v Speaker 4>to benefit from trends including modernization, more purchasing of kind

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<v Speaker 4>of premium products, convenient consumption, consumption, that kind of thing,

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<v Speaker 4>and they're going to really outform they think in the

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<v Speaker 4>US spirit sector. They noted particularly Aprool, which is one

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<v Speaker 4>of Campari's products.

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<v Speaker 1>And yeah, as to the.

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<v Speaker 4>Positive news for a Campari, they recently well in October

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<v Speaker 4>they had their third quarters results. They'd bet Isthmut's. They've

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<v Speaker 4>alsoually also recently outlined a new strategy that was in November.

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<v Speaker 4>And now if you look at their analyst ratings now

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<v Speaker 4>with Barclay's change, there's nine nine ratings for a buy

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<v Speaker 4>and twelve for a whole, so slowly creeping up into

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<v Speaker 4>the buys. So yeah, rising on that news this morning,

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<v Speaker 4>adding to games recently in the past few.

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