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Let's take a look at some stocks on the move today here in Europe. I'm Caroline Hepcat alongside Tom McKenzie, which joined by bing Big Sam Onsteed Sam. Good morning. BAE Systems planning to speed up its shipbuilding in order to meet demand. I mean this is music to the years of the British government surely, and it's after the big shipbuilding deal.
Yeah. Well, well, music to the ars of the government and music to the years of investors in defense stocks.
Yeah.
I think the defense story has kind of moved onto a new part of the cycle. Now you know that the spending is known. Now it's a question of who's going to pick up that spending and how are they going to execute on it once they get those contracts through. So BAE Systems coming out and saying we're going to shave six months off of how long it takes us
to build warships. Music to those people, and so shares up about three percent a day, having all ready rallied by about sixty five percent this year and train Line is in Fogers as well, so yeah, another UK company, so an online ticket seller. Ticket sales stronger than expected in the UK. That was partly down to a kind of commuter recovery, so a little bit of a return to office story going on in the background. There also
lapping period when there were more strikes. You know, this is we're coming through a tube strike in London right now. That doesn't really affect train lines so much because they're much more about the National rail that hasn't happened so much this year. That's been positive for them as well. And they're buying back one hundred and fifty million pounds of shares, which may not sound too much on the face of it, but is about fourteen percent of their
entire market caps. That's very punchy. So the shares jumped as much as fifteen percent earlier.
I'm so confused about why there isn't consolidation. You can go to the train line and buy your train tickets ever for any rail line across the UK, but you could also go to the individual train lines website to buy your tickets. Very weird anyway. Fever Tree also up today, Pricey Tonics working wonders.
Yes, a bit of a mixed story though on fever Tree, so their shares are up today. That's mostly because they're doing very well in the US. They did this large deal with multen Corez, so they have this huge distribution network now that's working quite well in the US. In the UK though, a little bit weaker, so you're seeing people trade a little bit away from Priceatonics, so sales have gone down a little bit actually for Fevertree in
the UK. That's partly people trading away from restaurants. They make more margin on the stuff that they sell to restaurants and then in stores as well. They are also seeing a little bit of a trade down, so they're getting hit by a kind of broader down trading story amongst UK consumers. But the US story is taking the precedents and shares up about eight percent.
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