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Look at some stocks on the move today in Europe by Rache Levens with Stephen Carroll and we're joined by our reporter t at A Byota. Thanks for joining us. So Evoke it hit the jackpot, it seems though. They are. Their shares of jumped today and that's after the gambling firm has agreed to sell itself for two hundred and forty three pounds. It's up by as much as seventeen percent this morning. But a bit more about the deal. It's with Bali's Introlot. They've agreed to buy a Voke
for fifty two pence per share in cash. That's according to a statement released by the companies today, and intro Lot is going to cap its cash payout there as well. Evo has seen some tough times. It's been struggling with its debt pile and this incoming UK betting tax that
came into effect a few months ago. It's holding significant debt following its twenty twenty one acquisition of William Hill, and it is being further squeezed by these taxes which are focused on virtual casinos, and there is also an increasing regulatory burden on the sector as a whole as well. In March, the company announced plans to close two hundred Bessing shops. So that just shows you the pressure it's
been under. But actually we had the CEO of Value's Interlocked Ropes and Reeves earlier in the program speaking to Caroline Hepka and Charles Cable, and he also cited this increase in UK taxes as a big reason for the pressure in the sex that he actually said that if there are further tax increases, he thinks there'd be only one operator left. So gives you an idea of the
scale of these changes. But it's a nice bit of m and a arbitrage for Evoke this morning, really supercharging its share price, and we'll keep a close eye on Bally's plans for its progression as well.
Okay, so that's Evoke. Let's turn to the text story though, and you've been watching the moves in ASML.
Yeah, ASML, this is really a stock that's quite embedded into the textory that we've been following over the last few days. We've seen firms exposed to AI rally before trimming gains more recently, and that's really the story for ASML. It's down by just over three percent, and that's amid a broad retreat in chip stocks. It started yesterday and has deepened today. It's coming as investors are looking out for that US payrolls data. They're expecting it to confirm
that interest rates will stay higher for longer. And for ASML, this dip is despite both Barclays and Bank of America raising their price targets for the firm yesterday. They cited increased confidence in ASML's ability to ramp up its supply capacity for chip making tools to meet the demand that it's seeing. It's hold off on the heels of increased estimates from UBS and JP Morgan as well, so a list saying that they're also seeing demand from China recovery.
So some positive news from analysts, but the story here today is a dip, but broader confidence at least from brokers. Okay, and then what have we been seeing with Infinian tell us more about the moves have been going on there. So a similar story for Infinian another tech loser this morning. It's one of the biggest decliners amongst those broader tech losses that we're seeing in Europe this morning. It shares
down as much as seven percent today. It's also been cut to a hold by MP Capital Markets, and the analysts there really summed up his decision by saying that although the operating performance is expected to stay solid, the current risk reward ratio is a bit less compelling, especially
given its considerably higher valuation. But just to reiterate, this is very much a sector wide phenomenon today as a UBS basket of European semiconductor stocks and that's down four point eight percent, so really showing the weakness across the board as the rally that we saw earlier in the week starts to call.
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