Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Well, let's have a look at some of the stocks
Speaker 3: on the move today here in Europe. I'm Caroline Hepkar
Speaker 3: with Stephen Cowell, and we're joined by Bloomberg's Breaking News
Speaker 3: editor Louise Moon.
Speaker 1: Luie's good morning.
Speaker 3: Let's begin with Beyer, which makes agricultural products, and the
Speaker 3: Trump administration seems to have stepped in to back the
Speaker 3: firm's appeals against US lawsuits that have been targeting for
Speaker 3: quite some time. Bear's top selling weed killer. Indeed, yeah so,
Speaker 3: shares a surgeon in Germany on this news. They're up
Speaker 3: the most in about two decades this morning. So, as
Speaker 3: you say, yeah so, a Trump official has urged the
Speaker 3: US High Court to consider Bear's appeal to this case.
Speaker 3: This is thousands of lawsuits that have been going on
Speaker 3: for years blaming their weedkiller for causing cancer essentially, so
Speaker 3: this is the US list the general So, yeah, he's
Speaker 3: recommended that the High Court agrees to hear Beer's challenges,
Speaker 3: which is which makes a big difference.
Speaker 4: So if you look at the statistics around it. The
Speaker 4: Supreme Court now has to decide whether to take the case,
Speaker 4: and usually they only accept less than one percent of petitions,
Speaker 4: but with this backing, the probability rises to more than
Speaker 4: seventy percent. So it's a big, a big deal. So
Speaker 4: that's the next thing that's being looked at. That the
Speaker 4: focus is now moving on on what the Supreme Court
Speaker 4: will decide. But as you say, it's played them you know,
Speaker 4: for years to come. They've already paid over about ten
Speaker 4: billion dollars in verdicts in settlements.
Speaker 1: So Alice is saying, obviously this is this.
Speaker 4: Is a positive indication and they're looking at could this
Speaker 4: potentially mean if this you know, goes ahead, that there
Speaker 4: could be lower provision requirements and so on. So yeah,
Speaker 4: shares surging on the back of that, So we will be
Speaker 4: keeping an eye as to what the Supreme Court actually
Speaker 4: end up deciding and what happens going forward with the case.
Speaker 1: Okay, So that on Bayer to UK banks now the
Speaker 1: country seven largest lenders have passed. The Bank of England
Speaker 1: stressed how that's going down on.
Speaker 4: Markets going down quite well. Shares are taking high into
Speaker 4: the green across the board. So the likes of Lloyd, HSBC,
Speaker 4: that West not hugely higher potentially because they were all
Speaker 4: kind of they were all expected to pass.
Speaker 1: But it is still very good news for the bank.
Speaker 4: So as you say, they passed this stressess it essentially
Speaker 4: examines how resilient they are to an economic shock that's
Speaker 4: worse than their financial crisis.
Speaker 1: That's what they're examined against.
Speaker 4: So the results are showing that all of these banks
Speaker 4: can support the economy even if conditions are you know,
Speaker 4: materiously materially worse than expected. The BWI also said that
Speaker 4: none need to strengthen their capital positions and also cut
Speaker 4: the estimates of how much the sector needs in capital requirements.
Speaker 1: That was for the first time in a decade. So
Speaker 1: it's some positive news for them.
Speaker 4: As I say, shares are higher, but not hugely, you know,
Speaker 4: no huge movements.
Speaker 1: On this news, but good news for the banking sector. Okay.
Speaker 3: So that with the Bank of England's verdicts, then on
Speaker 3: the banking industry in the UK, Campari is our last
Speaker 3: stock and that is rising today because of strong growth
Speaker 3: prospects in the US.
Speaker 4: Yeah, so Barkley's has raised their recommendation. So it's all
Speaker 4: on the back of this. They've also increased their price
Speaker 4: target for Campari. They're saying that Campari is well balanced
Speaker 4: to benefit from trends including modernization, more purchasing of kind
Speaker 4: of premium products, convenient consumption, consumption, that kind of thing,
Speaker 4: and they're going to really outform they think in the
Speaker 4: US spirit sector. They noted particularly Aprool, which is one
Speaker 4: of Campari's products.
Speaker 1: And yeah, as to the.
Speaker 4: Positive news for a Campari, they recently well in October
Speaker 4: they had their third quarters results. They'd bet Isthmut's. They've
Speaker 4: alsoually also recently outlined a new strategy that was in November.
Speaker 4: And now if you look at their analyst ratings now
Speaker 4: with Barclay's change, there's nine nine ratings for a buy
Speaker 4: and twelve for a whole, so slowly creeping up into
Speaker 4: the buys. So yeah, rising on that news this morning,
Speaker 4: adding to games recently in the past few.
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