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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers Report, your roundup of companies making moves in

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Speaker 2: the stock market. Harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some of the stocks on

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Speaker 3: the move today in Europe. I'm Lizzie Burden alongside Stephen

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Speaker 3: Carroll and were joined by Bloomberg's Breaking News editor Louise Moon. Louise,

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Speaker 3: what should be watching?

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Speaker 2: So?

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Speaker 1: Firstly, one of the key ones watching this morning is

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Speaker 1: Coca Cola HBC. So this is London listed company. It's

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Speaker 1: one of the world's largest boslers for Coca Cola, the

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Speaker 1: US giant. So they have announced this wanting they're buying

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Speaker 1: a controlling steak in another bottler. This is Coca Cola

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Speaker 1: Beverages Africa. That's for two point six billion US dollars.

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Speaker 1: They're buying a seventy five percent steak and then there's

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Speaker 1: the option if they want to they can they can

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Speaker 1: buy the remaining steak, the remaining twenty five percent within

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Speaker 1: six years. And they're buying that from the US giant

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Speaker 1: Coca Cola and another holder as well. So big deal

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Speaker 1: within the space. It comes for Coke, the giant, the

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Speaker 1: US Giant. It's part of their move away from the

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Speaker 1: business of bottling, so they already sold their Indian operations

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Speaker 1: earlier this year. This is all kind of part of

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Speaker 1: their attempts to they're trying to overcome waning demand, so

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Speaker 1: there's less and less investment in bottling and really focusing

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Speaker 1: on their core. And then for the bottlers, this combination

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Speaker 1: will create the second largest bottling partner four coke by

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Speaker 1: volume globally, so it's going to create a huge company.

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Speaker 1: Although having said all of that, Cocoa HBC, the London

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Speaker 1: listed buyer, their shares did fall at open. They have

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Speaker 1: spared some losses now, but initially fell over four percent

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Speaker 1: that open, essentially because they're well it seems to be

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Speaker 1: because and liston noting that they're canceling their share buybacks,

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Speaker 1: so this is kind of a nod that they're focusing

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Speaker 1: on expansion over capital returns and that option to buy

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Speaker 1: that additional twenty five percent might kind of limit the

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Speaker 1: capacity of their balance sheet even further. So a slightly

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Speaker 1: negative share price reaction to this big two point six

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Speaker 1: billion US dollar deal.

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Speaker 2: Okay, so that's Coca Cola HBC. Let's go to Unilever

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Speaker 2: now ice creams getting hit by the US government shutdown.

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Speaker 1: Indeed, a bit of an interesting ripple effect from the

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Speaker 1: US government shutdown. So Unilever are pushing back the demerger

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Speaker 1: of their ice cream unit, that's the Magnum ice Cream Company.

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Speaker 1: It had been on track to complete in mid November,

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Speaker 1: I think it was about November tenth, and then they

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Speaker 1: were going to have a primary listing in the Netherlands

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Speaker 1: and secondary listings in London and in New York. But

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Speaker 1: because of this government shutdown, the registration statement that it

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Speaker 1: needs to be admitted in New York on the New

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Speaker 1: York socket change that can't be declared as effective. So

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Speaker 1: it's pushing back that demerger. They said that they're confident

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Speaker 1: that the split will still happen this year, but timings

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Speaker 1: are very much TBC. They're very much kind of up

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Speaker 1: in the air, and it extends this long wait for

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Speaker 1: UNI leave their first and outs plans to separate the

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Speaker 1: unit in March twenty twenty four. Last year, it's been

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Speaker 1: you know, low underperforming, so getting rid of it or

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Speaker 1: spinning it off is a large part of Unilever's revamped

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Speaker 1: to revive their growth, so shares slightly dipped on the news,

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Speaker 1: but as I say, they are still confident that it

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Speaker 1: will happen.

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Speaker 2: Just finally.

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Speaker 3: Louise at Os slumping after its third quarter revenue missed estimates.

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Speaker 1: Indeedy Atos, the French IT company, SO shares were down

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Speaker 1: initially about seventeen percent. As you say, third quarter revenue

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Speaker 1: miss estimates. They lowered their revenue guidance for the year.

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Speaker 1: They did in some positives. They pointed at some recovery

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Speaker 1: in North America and Europe, but essentially they noted macron certainty,

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Speaker 1: a soft market environment, environment, lost making contracts as some

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Speaker 1: of the negatives that are pulling it down, pulling those revenues.

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Speaker 1: They're in the middle of a restructuring. So analysts is saying,

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Speaker 1: you know, twenty twenty five, they'll they expect declines to

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Speaker 1: continue and then twenty twenty six will be their pivotal

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Speaker 1: year of recovery.

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Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of company

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Speaker 2: making news on Wall Street and for the latest market

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