WEBVTT - Rheinmetall Dips, BBVA Gains, Pearson Rises

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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 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move

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<v Speaker 3>today in Europe. I'm Stephen Carroll with Lizzie Burden, and

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<v Speaker 3>we're joined by Bloomberg's Breaking News out of Luise Moon

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<v Speaker 3>for more Louise. Let's start then with European defense stocks

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<v Speaker 3>on the slide today.

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<v Speaker 1>What's the latest, indeed sliding across Europe? And this is

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<v Speaker 1>on the back of news overnight of Trump saying he's

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<v Speaker 1>going to meet Putin again, so that's for the second time,

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<v Speaker 1>and he says this could come within two weeks or so,

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<v Speaker 1>so expecting that meeting to happen. They had a phone

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<v Speaker 1>call yesterday and agreed to meet in Budapest. So details

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<v Speaker 1>surrounding that are still to be confirmed, but that is expected.

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<v Speaker 1>And of course this is to talk about ending the

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<v Speaker 1>war in Ukraine. There's some optimism that could result in

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<v Speaker 1>a ceasfire. And on top of that, Trump is also

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<v Speaker 1>meeting Zelenski in the White House this evening, Friday evening,

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<v Speaker 1>so this is impacting defense stocks across the continent, and

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<v Speaker 1>obviously they've been rallying as governments have increased spending on

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<v Speaker 1>defense over the past year longer. But today they're falling

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<v Speaker 1>on this news. So Rymetel down over five percent, BA

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<v Speaker 1>Systems down over three percent, but rallying, really falling really

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<v Speaker 1>across Europe on the back of this news.

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<v Speaker 2>I need some good news, Louise. I'm looking at BBVA

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<v Speaker 2>shares up more than five percent.

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<v Speaker 3>Why is that when they've just failed on their Sabadel bit.

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<v Speaker 1>Well, indeed, it's a bit of a mixed one. So

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<v Speaker 1>their nineteen billion dollar bid for Savadel failed. As you say,

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<v Speaker 1>shareholders rejected that Sabadel shares are falling, but BBVA is rising. Essentially,

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<v Speaker 1>analysts is saying it's a bit of a relief. It

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<v Speaker 1>ends uncertainty, uncertainty, so it's a blow to the bank

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<v Speaker 1>in terms of, you know, they wanted to buy Sabadel,

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<v Speaker 1>but that these are some positives that it brings end

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<v Speaker 1>and end to this uncertainty. This has been going on

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<v Speaker 1>for over a year and they're unless is saying that

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<v Speaker 1>they now expect BBVA to kind of focus on their

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<v Speaker 1>own strategy, so it's sharpening of that focus. Executing their

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<v Speaker 1>own goals, and we had an interview with the BBVA

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<v Speaker 1>chairman this morning on on Bloomberg TV saying we close

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<v Speaker 1>this chapter and we move on. So it's a bit

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<v Speaker 1>of a relief BBVA can focus on itself and that's

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<v Speaker 1>boosting their shares this morning despite that failed bid.

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<v Speaker 3>Yeah, indeed up over five percent of Madrids Habadel down

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<v Speaker 3>almost eight percent. There, let's go to Pierson next. In

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<v Speaker 3>the UK, the Education Services Company. Investors seem pleased with

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<v Speaker 3>what they've heard from them.

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<v Speaker 1>Indeed, their gains are leading the foot see hundred this morning.

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<v Speaker 1>This is after their third quarter results which came in

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<v Speaker 1>quite strong. But the main thing that's being focused on

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<v Speaker 1>is they're reaffirming their guidance for the year and saying

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<v Speaker 1>that's going to be weighted towards the fourth quarters. There

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<v Speaker 1>had been some worries cited over the past week or

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<v Speaker 1>so that they really needed a fourth quarter boost to

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<v Speaker 1>be able to hit their four year goals. So this

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<v Speaker 1>is kind of alleviating those concerns. They're saying that that

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<v Speaker 1>will happen, and so that's boosting their share price this morning.

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<v Speaker 1>As I say, leading the foot seat one hundred, digging

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<v Speaker 1>into their results this morning. High education unit is slightly weaker,

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<v Speaker 1>but a lot of the growth elsewhere and a lot

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<v Speaker 1>of that is coming from AI, which is obviously you

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<v Speaker 1>boosting a lot of sectors at the moment, so helping

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<v Speaker 1>Pearson and going to hit their vehicles.

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