1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,160 Speaker 3: Let's take a look at some stocks on the move 5 00:00:18,160 --> 00:00:20,599 Speaker 3: today in Europe. I'm Stephen Carroll with Lizzie Burden, and 6 00:00:20,720 --> 00:00:23,119 Speaker 3: we're joined by Bloomberg's Breaking News out of Luise Moon 7 00:00:23,280 --> 00:00:26,599 Speaker 3: for more Louise. Let's start then with European defense stocks 8 00:00:26,760 --> 00:00:27,760 Speaker 3: on the slide today. 9 00:00:27,800 --> 00:00:31,319 Speaker 1: What's the latest, indeed sliding across Europe? And this is 10 00:00:31,360 --> 00:00:33,559 Speaker 1: on the back of news overnight of Trump saying he's 11 00:00:33,560 --> 00:00:35,760 Speaker 1: going to meet Putin again, so that's for the second time, 12 00:00:36,000 --> 00:00:39,200 Speaker 1: and he says this could come within two weeks or so, 13 00:00:39,200 --> 00:00:41,240 Speaker 1: so expecting that meeting to happen. They had a phone 14 00:00:41,240 --> 00:00:45,680 Speaker 1: call yesterday and agreed to meet in Budapest. So details 15 00:00:46,080 --> 00:00:48,959 Speaker 1: surrounding that are still to be confirmed, but that is expected. 16 00:00:49,000 --> 00:00:51,440 Speaker 1: And of course this is to talk about ending the 17 00:00:51,479 --> 00:00:54,840 Speaker 1: war in Ukraine. There's some optimism that could result in 18 00:00:54,920 --> 00:00:57,639 Speaker 1: a ceasfire. And on top of that, Trump is also 19 00:00:57,720 --> 00:01:00,480 Speaker 1: meeting Zelenski in the White House this evening, Friday evening, 20 00:01:00,760 --> 00:01:03,200 Speaker 1: so this is impacting defense stocks across the continent, and 21 00:01:03,200 --> 00:01:08,280 Speaker 1: obviously they've been rallying as governments have increased spending on 22 00:01:08,360 --> 00:01:12,319 Speaker 1: defense over the past year longer. But today they're falling 23 00:01:12,400 --> 00:01:16,440 Speaker 1: on this news. So Rymetel down over five percent, BA 24 00:01:16,560 --> 00:01:20,759 Speaker 1: Systems down over three percent, but rallying, really falling really 25 00:01:21,000 --> 00:01:23,040 Speaker 1: across Europe on the back of this news. 26 00:01:23,120 --> 00:01:25,440 Speaker 2: I need some good news, Louise. I'm looking at BBVA 27 00:01:25,560 --> 00:01:27,400 Speaker 2: shares up more than five percent. 28 00:01:27,720 --> 00:01:30,520 Speaker 3: Why is that when they've just failed on their Sabadel bit. 29 00:01:30,720 --> 00:01:33,000 Speaker 1: Well, indeed, it's a bit of a mixed one. So 30 00:01:33,400 --> 00:01:37,080 Speaker 1: their nineteen billion dollar bid for Savadel failed. As you say, 31 00:01:37,120 --> 00:01:43,080 Speaker 1: shareholders rejected that Sabadel shares are falling, but BBVA is rising. Essentially, 32 00:01:43,080 --> 00:01:45,039 Speaker 1: analysts is saying it's a bit of a relief. It 33 00:01:45,160 --> 00:01:48,680 Speaker 1: ends uncertainty, uncertainty, so it's a blow to the bank 34 00:01:48,960 --> 00:01:51,360 Speaker 1: in terms of, you know, they wanted to buy Sabadel, 35 00:01:51,440 --> 00:01:54,760 Speaker 1: but that these are some positives that it brings end 36 00:01:54,840 --> 00:01:57,120 Speaker 1: and end to this uncertainty. This has been going on 37 00:01:57,160 --> 00:02:00,920 Speaker 1: for over a year and they're unless is saying that 38 00:02:00,960 --> 00:02:03,920 Speaker 1: they now expect BBVA to kind of focus on their 39 00:02:03,960 --> 00:02:07,400 Speaker 1: own strategy, so it's sharpening of that focus. Executing their 40 00:02:07,440 --> 00:02:12,040 Speaker 1: own goals, and we had an interview with the BBVA 41 00:02:12,160 --> 00:02:14,920 Speaker 1: chairman this morning on on Bloomberg TV saying we close 42 00:02:14,960 --> 00:02:16,880 Speaker 1: this chapter and we move on. So it's a bit 43 00:02:16,919 --> 00:02:20,600 Speaker 1: of a relief BBVA can focus on itself and that's 44 00:02:20,639 --> 00:02:23,000 Speaker 1: boosting their shares this morning despite that failed bid. 45 00:02:23,680 --> 00:02:26,239 Speaker 3: Yeah, indeed up over five percent of Madrids Habadel down 46 00:02:26,280 --> 00:02:30,640 Speaker 3: almost eight percent. There, let's go to Pierson next. In 47 00:02:30,639 --> 00:02:33,720 Speaker 3: the UK, the Education Services Company. Investors seem pleased with 48 00:02:33,720 --> 00:02:34,560 Speaker 3: what they've heard from them. 49 00:02:35,040 --> 00:02:38,320 Speaker 1: Indeed, their gains are leading the foot see hundred this morning. 50 00:02:38,840 --> 00:02:40,840 Speaker 1: This is after their third quarter results which came in 51 00:02:40,919 --> 00:02:43,000 Speaker 1: quite strong. But the main thing that's being focused on 52 00:02:43,080 --> 00:02:45,720 Speaker 1: is they're reaffirming their guidance for the year and saying 53 00:02:45,760 --> 00:02:48,440 Speaker 1: that's going to be weighted towards the fourth quarters. There 54 00:02:48,440 --> 00:02:51,360 Speaker 1: had been some worries cited over the past week or 55 00:02:51,400 --> 00:02:54,920 Speaker 1: so that they really needed a fourth quarter boost to 56 00:02:54,919 --> 00:02:56,680 Speaker 1: be able to hit their four year goals. So this 57 00:02:56,720 --> 00:02:59,200 Speaker 1: is kind of alleviating those concerns. They're saying that that 58 00:02:59,280 --> 00:03:03,280 Speaker 1: will happen, and so that's boosting their share price this morning. 59 00:03:03,280 --> 00:03:06,079 Speaker 1: As I say, leading the foot seat one hundred, digging 60 00:03:06,080 --> 00:03:09,440 Speaker 1: into their results this morning. High education unit is slightly weaker, 61 00:03:09,800 --> 00:03:12,600 Speaker 1: but a lot of the growth elsewhere and a lot 62 00:03:12,600 --> 00:03:16,520 Speaker 1: of that is coming from AI, which is obviously you 63 00:03:16,760 --> 00:03:19,239 Speaker 1: boosting a lot of sectors at the moment, so helping 64 00:03:19,320 --> 00:03:22,399 Speaker 1: Pearson and going to hit their vehicles. 65 00:03:23,360 --> 00:03:27,400 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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