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Let's take a look at some stocks on the move today in Europe. I'm Stephen Carroll with Lizzie Burden, and we're joined by Bloomberg's Breaking News editor Louise Mean and Louise good Morning. Let's start with Diagio. Then their shares up over seven percent at the moment in London, and new CEO has been announced tell us more.
Indeed being very much welcomed by the market. So then new CEO. Dave Lewis is a well known name in the British business and particularly retail space. So he spent most of his career at Unilever. But what he's really widely known for is turning Tesco around. So he joined Tesco in twenty fourteen as it was kind of reeling from an accounting scandal at the time. He came in, shed a lot of underperforming units and really boosted performance and then he ended his his time at Tesco as
CEO in twenty twenty. So he's known for his turnaround efforts. Which are much needed by Dago at the moment. Last week they lowered their four year outlook. That's on a host of reasons including tariffs, including changing demand for alcohol and changing Chinese consumption, a consumption in China. And it also ends well a period of a lot of management
limbo for Dago. Their former CEO left in July and they've had an interim CEO in the meantime, So ends a period of upheaval and it's hopefully marking or that they hope it will mark a change in fortunes for Digo. Their shares are down over thirty percent year to date, but as you say, they're rising this morning. So Alice
saying this is a good move, a positive surprise. It brings in a heavyweight leader, so really welcoming that move and hopes for his that his expertise will will benefit the distiller.
Seems like trying to think he's a trusted brand. But to one of the losers this morning is JTC. They're down five point three percent. This is of course the London listed corporate services provider and it's come after a bit of an.
A indeed, so they're being taken over by Consortium led by a private actually house, Permira, so they've won a battle. There was a bit of a battle between two private exity houses and Permira have won that. So that's expected to close in the third quarter of twenty twenty six. And this deal values at two point three billion pounds, so it seems like, you know, a big amount, but there had been expectation of a higher price. So that's what's pulling dragging the shares down today. So there's a
bit of disappointment there. This is so yeah, firstly a bit of an appointment there and then also just interesting kind of takeaway. It's kind of the second deal of its kind of this year, cheaper valuations in the space in the UK, drawing in a lot of renewed interests from private exity. Another London listed company going privates an interesting one whisper it.
But maybe London's becoming hot again.
Stephen. Let's turn to the chip stocks next, Luise, you've been watching the likes of ASML though show is currently up two point seven percent. What's driving them high today?
Indeed, Yeah, just a quick one on them. So they're reacting well, they seem to be reacting on the back of results from TSMC over in Asia today, So ASML shares rose or rising about three percent, recouping some of their recent losses. So TSMC had their October sales figures. They did, They rose at the slowest pace since February
last year, but still coming in relatively strong. And the industry is still kind of very buoyant about AI driven growth, and they're saying, you know that one worst month of sales growth isn't gonna kind of rattle investors. So there's still a lot of positivity behind the sector and this is benefiting ASML today to BI saying, you know that TSMC's results are strong enough to boost demand for some of ASML's products, So seeing some potential demand growth there and boosting their shares this one.
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