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Speaker 2: Stock Movers Report, your roundup of companies making moves in
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Speaker 1: Now, let's take a look at some of the stocks
Speaker 1: on the move today in Europe. I'm Lezie Burden with
Speaker 1: Stephen Carroll, and we're joined by Bloomberg reporter Chloe Melly. Chloe, Honeywell,
Speaker 1: don't appear to want to sweeten their deal with Johnson
Speaker 1: Mathey tell us more.
Speaker 3: Yeah, it's actually they've actually done the opposite and have
Speaker 3: cut the deal price for one of Johnson Mathew's units,
Speaker 3: which is a division called Catalyst Technologies and makes enzymes
Speaker 3: for industrial customers. So, Honeywell, I'd been actually considering walking
Speaker 3: away from that deal, but instead it reached an agreement
Speaker 3: to pay at one point three billion pounds for the business,
Speaker 3: which is down actually quite significantly from the original price,
Speaker 3: which is one point eight a billion pounds which it
Speaker 3: had agreed to pay back in May. So that's really
Speaker 3: hurting the shares in Johnson Mathew this morning, and we're
Speaker 3: down about fifteen percent last time that I checked, and
Speaker 3: Johnson Methey said that it expects excuse me to return
Speaker 3: about one billion pounds two of the sale proceeds as shareholders.
Speaker 3: But that was not really enough to get investors on board,
Speaker 3: and to get investors real shored with the news about
Speaker 3: the Slash deal prize really kind of overshadowing anything else.
Speaker 3: But at least honey Well didn't fully walk away. So
Speaker 3: if we want to be kind of glass half full
Speaker 3: about this, at least the deal is still going ahead.
Speaker 4: Oh please, let's be somewhat optimistic for a month. In morning, Chloe,
Speaker 4: Let's go then to Italy next. And the energy company
Speaker 4: anno this morning switching on its investment plans.
Speaker 3: Yeah, and the market is reacting very positively to it,
Speaker 3: and we have shares up quite strongly this morning. So
Speaker 3: and applies to invest about fifty three billion euros through
Speaker 3: twenty twenty eight in a bunch of renewable energy projects
Speaker 3: which include wind power and battery store And so that's
Speaker 3: about ten billion years higher than the previous plan. And
Speaker 3: that is part of a strategy of kind of pivoting
Speaker 3: more towards mature markets like the US in Europe. And
Speaker 3: that is after the company had spent quite a long
Speaker 3: time investing in more Latin American markets instead, and that's
Speaker 3: not the only company doing this within that utility sector.
Speaker 3: A lot of those firms are kind of recalibrating, kind
Speaker 3: of prioritizing investments in grids and in clean power, but
Speaker 3: in more advanced economies so that it can benefit from
Speaker 3: the kind of policy visibility, the stability in policies that
Speaker 3: you've got in markets like Europe for example, And so
Speaker 3: that is being reacted to very strong, very positively by
Speaker 3: the market, and also saying it's targeting a diffident growth
Speaker 3: of about six percent in that plan through to twenty
Speaker 3: twenty eight, so that was also a scene as a positive.
Speaker 1: So overall, pretty good day for Enna and Chloe. SAP
Speaker 1: seems to be having a difficult days trading. What's going
Speaker 1: on there?
Speaker 3: Yeah, Well, big European companies and especially within their tech
Speaker 3: sector are getting quite rattled by this threat of new tariffs,
Speaker 3: of course, and Trump pronouncing this fifteen percent global tariff
Speaker 3: on Saturday after the US Supreme Court ruled that his
Speaker 3: use of the International Emergency Economic Powers Act to impose
Speaker 3: those tariffs in the first place was illegal. So those
Speaker 3: stocks and the dollar are now falling because of that
Speaker 3: uncertainty over what the US trade policy is going to
Speaker 3: be and this is another question mark and another layer
Speaker 3: of uncertainties for technology companies like SAP, because they've already
Speaker 3: been having quite a tough month because of those AI concerns,
Speaker 3: those fears of AI disruptions. So we've got tariff on certainty,
Speaker 3: a uncertainty. All of that is really weighing on those
Speaker 3: big tech companies like SAP. And we've got a Trump's
Speaker 3: State of the Union address on Tuesday, so we'll see
Speaker 3: if that provides some clarity or if we see Marcus
Speaker 3: being thrown deeper into turn one.
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