Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market. Harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today in Europe. I'm Lizzie Burden alongside Stephen
Speaker 3: Carroll and were joined by Bloomberg's Breaking News editor Louise Moon. Louise,
Speaker 3: what should be watching?
Speaker 2: So?
Speaker 1: Firstly, one of the key ones watching this morning is
Speaker 1: Coca Cola HBC. So this is London listed company. It's
Speaker 1: one of the world's largest boslers for Coca Cola, the
Speaker 1: US giant. So they have announced this wanting they're buying
Speaker 1: a controlling steak in another bottler. This is Coca Cola
Speaker 1: Beverages Africa. That's for two point six billion US dollars.
Speaker 1: They're buying a seventy five percent steak and then there's
Speaker 1: the option if they want to they can they can
Speaker 1: buy the remaining steak, the remaining twenty five percent within
Speaker 1: six years. And they're buying that from the US giant
Speaker 1: Coca Cola and another holder as well. So big deal
Speaker 1: within the space. It comes for Coke, the giant, the
Speaker 1: US Giant. It's part of their move away from the
Speaker 1: business of bottling, so they already sold their Indian operations
Speaker 1: earlier this year. This is all kind of part of
Speaker 1: their attempts to they're trying to overcome waning demand, so
Speaker 1: there's less and less investment in bottling and really focusing
Speaker 1: on their core. And then for the bottlers, this combination
Speaker 1: will create the second largest bottling partner four coke by
Speaker 1: volume globally, so it's going to create a huge company.
Speaker 1: Although having said all of that, Cocoa HBC, the London
Speaker 1: listed buyer, their shares did fall at open. They have
Speaker 1: spared some losses now, but initially fell over four percent
Speaker 1: that open, essentially because they're well it seems to be
Speaker 1: because and liston noting that they're canceling their share buybacks,
Speaker 1: so this is kind of a nod that they're focusing
Speaker 1: on expansion over capital returns and that option to buy
Speaker 1: that additional twenty five percent might kind of limit the
Speaker 1: capacity of their balance sheet even further. So a slightly
Speaker 1: negative share price reaction to this big two point six
Speaker 1: billion US dollar deal.
Speaker 2: Okay, so that's Coca Cola HBC. Let's go to Unilever
Speaker 2: now ice creams getting hit by the US government shutdown.
Speaker 1: Indeed, a bit of an interesting ripple effect from the
Speaker 1: US government shutdown. So Unilever are pushing back the demerger
Speaker 1: of their ice cream unit, that's the Magnum ice Cream Company.
Speaker 1: It had been on track to complete in mid November,
Speaker 1: I think it was about November tenth, and then they
Speaker 1: were going to have a primary listing in the Netherlands
Speaker 1: and secondary listings in London and in New York. But
Speaker 1: because of this government shutdown, the registration statement that it
Speaker 1: needs to be admitted in New York on the New
Speaker 1: York socket change that can't be declared as effective. So
Speaker 1: it's pushing back that demerger. They said that they're confident
Speaker 1: that the split will still happen this year, but timings
Speaker 1: are very much TBC. They're very much kind of up
Speaker 1: in the air, and it extends this long wait for
Speaker 1: UNI leave their first and outs plans to separate the
Speaker 1: unit in March twenty twenty four. Last year, it's been
Speaker 1: you know, low underperforming, so getting rid of it or
Speaker 1: spinning it off is a large part of Unilever's revamped
Speaker 1: to revive their growth, so shares slightly dipped on the news,
Speaker 1: but as I say, they are still confident that it
Speaker 1: will happen.
Speaker 2: Just finally.
Speaker 3: Louise at Os slumping after its third quarter revenue missed estimates.
Speaker 1: Indeedy Atos, the French IT company, SO shares were down
Speaker 1: initially about seventeen percent. As you say, third quarter revenue
Speaker 1: miss estimates. They lowered their revenue guidance for the year.
Speaker 1: They did in some positives. They pointed at some recovery
Speaker 1: in North America and Europe, but essentially they noted macron certainty,
Speaker 1: a soft market environment, environment, lost making contracts as some
Speaker 1: of the negatives that are pulling it down, pulling those revenues.
Speaker 1: They're in the middle of a restructuring. So analysts is saying,
Speaker 1: you know, twenty twenty five, they'll they expect declines to
Speaker 1: continue and then twenty twenty six will be their pivotal
Speaker 1: year of recovery.
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