诺和诺德资本日不及预期股价跌近8%，法兴银行上调盈利目标

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The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data.

Now, let's look at some of the stocks on the move today here in Europe. I'm Caroline Hepka with Lizzie Burton, and we're joined by Bloomberg's breaking news editor, Louise Moon. So, let's get into the detail of Nova Nordisk unveiling their future plans. Is it a shot in the arm? They might need it. They've got a lot of competition out there now. Been falling behind Eli Liy despite being the first one um to have a blockbuster medicine within the obesity space.

Um and so this capital markets day was all about showing investors how they can um start to compete in that race and and and move ahead. But it's failed to to impress. So they pledged to launch more than five blockbuster drugs. Um and they also pledged to deliver more than 23 billion US dollars in new sales in the coming years. Um and then they've also said that they'll explore takeovers alongside that pipeline of drugs.

Shares fallen um almost 8% after that. As I say, investors are disappointed. They were hoping for more concrete turnaround plans for Novo. Um analysts are saying that it lacked detail on how exactly it's going to boost growth and and deliver on on all those pleasures. Um, as I say, they've already fallen behind Eli Liy. They've also more recently had a series of clinical trial disappointments. Um, and so this wasn't really enough to convince investors going forward.

Um, the CEO saying, you know, we need to work harder and we will. Um, and shares showing that that is very much needed.

Okay. Well, let's turn to a positive story, shall we? We're looking at sockgen shares up 2.9% at 9:56 a.m. Why? So they've lifted profit profitability targets. Um so their return on time by equity. So that's for comparison purposes that's around 11% their target for 2026. They've then said that they're now targeting up to 14% for 2029 and more than 15% for after that. On top of that they've also um pledged more cost cuts.

That's thought to be from more headcount reduction, a decrease in IT spending among other spending as well. They're also aiming to give shareholders at least 21 billion euros for all the years through 2029. And as you say, shares rising on the back of this. It's all the CEO's new strategy, a new phase of his strategy to accelerate growth, maintain costs, um boost investor payouts. He's already been doing a lot of this.

Um he's shaken out quite a lot of the top management. Um he's ended the policy to work from home. He's already cut a lot of jobs and that's already helped to boost the share price. And this is kind of the next phase coming through lifting those profitability targets and boosting shares in morning trading.

Yeah. And then lastly, uh breaking out the um this this Barreny Group um story. Tell us a little bit about this. Is it about Schnaps? I'm sorry. I hesitated and now I'm like is this story about alcohol?

It is. It is. So it's another alcohol um deal which is quite interesting that there's been a couple recently. So the a US spirits firm called uh Sazzarak plans to buy

Okay. Now that I've heard of

Yes. So they're they're planning to buy this German maker of Schnap which obviously um very well known. Uh this is part of Sazzarak's plan to expand into Europe and expand more broadly. They recently bought a UK brand called Alvulka. Um so that's another deal that's been happening in that space recently. Um really boosting this German company's shares. the shares rose 22% giving it a market cap of about 53 million euros.

So it's not a huge huge company but it's another interesting deal within that space um and all on the back of this this changing of demand uh within the alcohol industry.

The Stock Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg.com, and on Apple CarPlay and Android Auto with the Bloomberg Business App.