Bloomberg Audio Studios, podcasts, radio news.
The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
Let's have a look at some of the stocks on the move today here in Europe. I'm Caroline Hepkun. I'm joined by Bloomberger reporter at Louis Moon Luiz. Good morning. Should we start with Hapag Lloyd This is the German shipping company in talks to buy an Israeli rival.
Yes, in talks to buy a company called zim Integrated shopping at Shipping. Sorry so as you say, that israelly, but they're listed in the US. It would essentially combine to giants. Hapag is the fifth largest cargo company in the world. Zim Integrated is the ninth. So it follows, you know, months of talks that zim Integrated has been having with potential buyers resulted in this. It would be about US three point five billion dollars US dollar deal,
so it's expected to close this week. As I say, I mean it's a big deal in the shipping space. ZIM would be delisted from the US shares of Hapag. In Germany, they are dropping slightly on the news. One, it's a big price too, there's potential regulatory hurdles to get through before this actually goes through. And then also ZIM Integrated Shipping's workers union in Israel has actually said that they're shutting down activities after the news came out,
so management are in talks with that. So there's a bit of tension and a bit of friction surrounding the deal. So potentially that's also wehing on the share. So yeah, down slightly into the red fort for HAPAG in Germany.
Yeah, interesting that the Israeli government sees ZIM also as a strategic asset, so they've got a golden share in the business as well. But yeah, that's a very interesting story. Meanwhile, VW is planning a cost cutting drive. We heard about that this morning. How investors taking it.
Yees are up actually slightly on this news. So as you say, they're planning to cut costs that's by twenty percent by the end of twenty twenty eight. This is a report from a German business magazine that reported this this morning. They said that the CEO and CFO presented the plan to some managers in Berlin in mid January. It's not clear what areas of the business would be hit, but twenty percent is obviously quite quite a big cost
cutting drive. The wider context is Volkswagen has been trying to figure out essentially how to fund its massive investment plans. There's been a slow down in demand from China, they've been grappling with tariffs. The US is quite a big market for them. There's also been lesson than expected for electric vehicles industrywide, so it's been grappling with that and
has already cut some costs already. And if you look at their share price of the past year, it's really really volatile, really up and down as it's been dealing with all these issues. So this is the latest, the latest of their ways to try and cope with those issues. So, yeah, cutting costs by by twenty percent, but shares absolutely, as I say on the news, potentially being welcomed as a as a way forward.
Yeah, okay, so that from VW. Meanwhile, the Health and Nutrition Business DSM, they've been yeah, talking this morning. What's the latest on their moods?
Yeah, So this is a company they make things like well, they make a lot of the ingredients and chemicals for nutrition, beauty health companies and all of those, all of those companies, they've been downgraded to a hold from a buy by Berenberg. They had results last week and shares slumped I think about ten percent, the lowes since twenty twenty three. They held off giving an outlook, sales dropped, and Berenberg have
come out this morning and downgraded. They're saying that that well, they're citing the reason being as softer US consumer confidence and headwinds, and they said that further cuts to consensus earnings are in their words, unavoidable. So quite a strong note from them, and shares down over three percent in Switzerland this morning. If you do look at their rend necessariatings, the most still have them down as a buy, about fifteen buys compared to five holes, two seals, and most
are still quite positive. But this is quite quite a strong downgrade really from Berenberg.
Yeah, DSM 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 dot com, and on Applecarplay and Android Auto with the Bloomberg Business App