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Let's take a look at some of the stocks on the move today in Europe. We've got our breaking news editor Louise Moon with us for that. I'm Stephen Carroll, joined by Lizzie Burdon Louise. Let's start with Lloyd's saying it will set aside another eight hundred million pounds in compensation for motor finance claims to us.
More indeed, yes, so it's really it's laid out this morning the exact additional amount that it's going to take. So it had already set aside over a billion pounds, so one point one five billion pounds. And then last week, following the FCA's ruling last week, they said there would be another provision and that would be what they called
material at the time. So markets when reacting to that last week, and then this morning they've said how much of this So it's going to be another eight hundred ches did rise into the green after that, As I say, they had already warned it would be material, and then There was an interesting note actually this morning from Billion Bank Intelligence saying that they think that this additional amount won't derail their shareholder distribution plan, so this is obviously
a positive, and that total provisions were kind of largely in line with the general consensus from the bank. So it seems that the bad news has already kind of been priced in it and shares are actually rising this morning despite that additional eight hundred million pound provision. I mean, whilawis we've got Blackstone Vega bid for Big Yellow Group. Indeed, yeah, this is a self storage company, landlord across the UK, big name, you'll say, they're big billboards everywhere. So Blackstone
is in the early stages of money a bid. Big Yellow Group has a market cap of about two billion pounds, so if a bid comes to light, you know, it could be quite sizable. They say they're considering the macro environment, the potential impact of the UK budget and what that will mean for the wider space. But shares a Big Yellow Group really rising on this, up about twenty percent of the most on record this morning. And this isn't the kind of the first deal that Blackstone has been making.
What is making in the space they bought Warehouse Reached earlier this year. And then this morning Blackstone Europe also announced they're going to be they're selling their logistics assets to tri Tax Big Box Read and that's for just over a billion pounds and then they're going to take a stake in Tri Tax as a result, and Tritax was also rising on that. So a lot of movement in the landlord space and Blackstone a big part of that as well.
We've also been watching astra Zeneca shares this morning as well. Talk us through what's been happening.
So there was news after market clothes late on Friday the AstraZeneca, the pharmagiant list in London, had made a deal with the Trump administration and that was to lower some of their prices, their consumer prices on drugs in the US in exchange for a relief on tariffs. So that's for three years. So obviously this came after the market clothes on Friday, so we're getting some market reaction
this morning on that. Initially shares were up and Les was saying, you know, this wild likely provide some relief. It's quite a similar deal to an earlier one that Pfizer did one of their and it shows kind of a willingness from the US to preserve Sextor fundamentals, so that the shares were initially rising, they are now trading
slightly lower. That there's a lot of uncertainty essentially around in the sector and also Astrazenek, and it's been kind of battering their share prices over the past here or so, to do with pricing, to do with tarifs, it's been a big overhang. So potentially some of the uncertiety is still there, but we'll be keeping an eye on their share price through the day.
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