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 stocks on the move
Speaker 3: today in Europe. I'm Stephen Carroll with Lizzie Burden, and
Speaker 3: we're joined by Bloomberg's Breaking News out of Luise Moon
Speaker 3: for more Louise. Let's start then with European defense stocks
Speaker 3: on the slide today.
Speaker 1: What's the latest, indeed sliding across Europe? And this is
Speaker 1: on the back of news overnight of Trump saying he's
Speaker 1: going to meet Putin again, so that's for the second time,
Speaker 1: and he says this could come within two weeks or so,
Speaker 1: so expecting that meeting to happen. They had a phone
Speaker 1: call yesterday and agreed to meet in Budapest. So details
Speaker 1: surrounding that are still to be confirmed, but that is expected.
Speaker 1: And of course this is to talk about ending the
Speaker 1: war in Ukraine. There's some optimism that could result in
Speaker 1: a ceasfire. And on top of that, Trump is also
Speaker 1: meeting Zelenski in the White House this evening, Friday evening,
Speaker 1: so this is impacting defense stocks across the continent, and
Speaker 1: obviously they've been rallying as governments have increased spending on
Speaker 1: defense over the past year longer. But today they're falling
Speaker 1: on this news. So Rymetel down over five percent, BA
Speaker 1: Systems down over three percent, but rallying, really falling really
Speaker 1: across Europe on the back of this news.
Speaker 2: I need some good news, Louise. I'm looking at BBVA
Speaker 2: shares up more than five percent.
Speaker 3: Why is that when they've just failed on their Sabadel bit.
Speaker 1: Well, indeed, it's a bit of a mixed one. So
Speaker 1: their nineteen billion dollar bid for Savadel failed. As you say,
Speaker 1: shareholders rejected that Sabadel shares are falling, but BBVA is rising. Essentially,
Speaker 1: analysts is saying it's a bit of a relief. It
Speaker 1: ends uncertainty, uncertainty, so it's a blow to the bank
Speaker 1: in terms of, you know, they wanted to buy Sabadel,
Speaker 1: but that these are some positives that it brings end
Speaker 1: and end to this uncertainty. This has been going on
Speaker 1: for over a year and they're unless is saying that
Speaker 1: they now expect BBVA to kind of focus on their
Speaker 1: own strategy, so it's sharpening of that focus. Executing their
Speaker 1: own goals, and we had an interview with the BBVA
Speaker 1: chairman this morning on on Bloomberg TV saying we close
Speaker 1: this chapter and we move on. So it's a bit
Speaker 1: of a relief BBVA can focus on itself and that's
Speaker 1: boosting their shares this morning despite that failed bid.
Speaker 3: Yeah, indeed up over five percent of Madrids Habadel down
Speaker 3: almost eight percent. There, let's go to Pierson next. In
Speaker 3: the UK, the Education Services Company. Investors seem pleased with
Speaker 3: what they've heard from them.
Speaker 1: Indeed, their gains are leading the foot see hundred this morning.
Speaker 1: This is after their third quarter results which came in
Speaker 1: quite strong. But the main thing that's being focused on
Speaker 1: is they're reaffirming their guidance for the year and saying
Speaker 1: that's going to be weighted towards the fourth quarters. There
Speaker 1: had been some worries cited over the past week or
Speaker 1: so that they really needed a fourth quarter boost to
Speaker 1: be able to hit their four year goals. So this
Speaker 1: is kind of alleviating those concerns. They're saying that that
Speaker 1: will happen, and so that's boosting their share price this morning.
Speaker 1: As I say, leading the foot seat one hundred, digging
Speaker 1: into their results this morning. High education unit is slightly weaker,
Speaker 1: but a lot of the growth elsewhere and a lot
Speaker 1: of that is coming from AI, which is obviously you
Speaker 1: boosting a lot of sectors at the moment, so helping
Speaker 1: Pearson and going to hit their vehicles.
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