WEBVTT - Johnson Matthey Falls, Enel Powers On, SAP Dips 

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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 1>Now, let's take a look at some of the stocks

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<v Speaker 1>on the move today in Europe. I'm Lezie Burden with

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<v Speaker 1>Stephen Carroll, and we're joined by Bloomberg reporter Chloe Melly. Chloe, Honeywell,

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<v Speaker 1>don't appear to want to sweeten their deal with Johnson

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<v Speaker 1>Mathey tell us more.

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<v Speaker 3>Yeah, it's actually they've actually done the opposite and have

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<v Speaker 3>cut the deal price for one of Johnson Mathew's units,

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<v Speaker 3>which is a division called Catalyst Technologies and makes enzymes

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<v Speaker 3>for industrial customers. So, Honeywell, I'd been actually considering walking

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<v Speaker 3>away from that deal, but instead it reached an agreement

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<v Speaker 3>to pay at one point three billion pounds for the business,

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<v Speaker 3>which is down actually quite significantly from the original price,

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<v Speaker 3>which is one point eight a billion pounds which it

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<v Speaker 3>had agreed to pay back in May. So that's really

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<v Speaker 3>hurting the shares in Johnson Mathew this morning, and we're

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<v Speaker 3>down about fifteen percent last time that I checked, and

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<v Speaker 3>Johnson Methey said that it expects excuse me to return

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<v Speaker 3>about one billion pounds two of the sale proceeds as shareholders.

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<v Speaker 3>But that was not really enough to get investors on board,

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<v Speaker 3>and to get investors real shored with the news about

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<v Speaker 3>the Slash deal prize really kind of overshadowing anything else.

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<v Speaker 3>But at least honey Well didn't fully walk away. So

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<v Speaker 3>if we want to be kind of glass half full

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<v Speaker 3>about this, at least the deal is still going ahead.

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<v Speaker 4>Oh please, let's be somewhat optimistic for a month. In morning, Chloe,

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<v Speaker 4>Let's go then to Italy next. And the energy company

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<v Speaker 4>anno this morning switching on its investment plans.

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<v Speaker 3>Yeah, and the market is reacting very positively to it,

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<v Speaker 3>and we have shares up quite strongly this morning. So

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<v Speaker 3>and applies to invest about fifty three billion euros through

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<v Speaker 3>twenty twenty eight in a bunch of renewable energy projects

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<v Speaker 3>which include wind power and battery store And so that's

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<v Speaker 3>about ten billion years higher than the previous plan. And

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<v Speaker 3>that is part of a strategy of kind of pivoting

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<v Speaker 3>more towards mature markets like the US in Europe. And

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<v Speaker 3>that is after the company had spent quite a long

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<v Speaker 3>time investing in more Latin American markets instead, and that's

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<v Speaker 3>not the only company doing this within that utility sector.

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<v Speaker 3>A lot of those firms are kind of recalibrating, kind

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<v Speaker 3>of prioritizing investments in grids and in clean power, but

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<v Speaker 3>in more advanced economies so that it can benefit from

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<v Speaker 3>the kind of policy visibility, the stability in policies that

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<v Speaker 3>you've got in markets like Europe for example, And so

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<v Speaker 3>that is being reacted to very strong, very positively by

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<v Speaker 3>the market, and also saying it's targeting a diffident growth

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<v Speaker 3>of about six percent in that plan through to twenty

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<v Speaker 3>twenty eight, so that was also a scene as a positive.

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<v Speaker 1>So overall, pretty good day for Enna and Chloe. SAP

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<v Speaker 1>seems to be having a difficult days trading. What's going

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<v Speaker 1>on there?

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<v Speaker 3>Yeah, Well, big European companies and especially within their tech

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<v Speaker 3>sector are getting quite rattled by this threat of new tariffs,

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<v Speaker 3>of course, and Trump pronouncing this fifteen percent global tariff

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<v Speaker 3>on Saturday after the US Supreme Court ruled that his

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<v Speaker 3>use of the International Emergency Economic Powers Act to impose

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<v Speaker 3>those tariffs in the first place was illegal. So those

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<v Speaker 3>stocks and the dollar are now falling because of that

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<v Speaker 3>uncertainty over what the US trade policy is going to

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<v Speaker 3>be and this is another question mark and another layer

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<v Speaker 3>of uncertainties for technology companies like SAP, because they've already

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<v Speaker 3>been having quite a tough month because of those AI concerns,

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<v Speaker 3>those fears of AI disruptions. So we've got tariff on certainty,

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<v Speaker 3>a uncertainty. All of that is really weighing on those

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<v Speaker 3>big tech companies like SAP. And we've got a Trump's

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<v Speaker 3>State of the Union address on Tuesday, so we'll see

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<v Speaker 3>if that provides some clarity or if we see Marcus

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<v Speaker 3>being thrown deeper into turn one.

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