WEBVTT - Siemens Energy Down, Bayer Rises, Barclays Dips 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today in Europe. I'm tea Added Bay with

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<v Speaker 3>Stephen Carroll and we're joined by Bloomberg reporter Chloe Meley Chloe.

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<v Speaker 3>Siemens Energy it says it expects the AI data center

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<v Speaker 3>boom to bolster its sales in the year to come.

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<v Speaker 3>This CUFO was pretty bullish about that when speaking to

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<v Speaker 3>our colleague Lizzie Burgen this morning. Has it been good

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<v Speaker 3>news for their share price?

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<v Speaker 1>Well, not so much. Actually, the share price is done

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<v Speaker 1>a little bit. But let's start with the positive first. So,

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<v Speaker 1>as you say, it has said that this surging demand

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<v Speaker 1>for energy infrastructure thanks to both AI and electrification, was

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<v Speaker 1>really really boosting sales. So it said it would be

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<v Speaker 1>accelerating its buyer back this year thanks to those strong

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<v Speaker 1>orders from data center customers in Particula. And this comes

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<v Speaker 1>just a few weeks after it had already raised its

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<v Speaker 1>outlook for the year. So Semen's Energy is part of

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<v Speaker 1>this crop of companies like Schneider Electric, abb Logan, all

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<v Speaker 1>of those companies really benefiting from the billions are being

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<v Speaker 1>poured into AI and that visibility is now great. The

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<v Speaker 1>outlook is very bright. But the reason why Chaz did

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<v Speaker 1>for this morning is because some analysts had actually noted

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<v Speaker 1>some weaker margins in the gas business, and they also

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<v Speaker 1>said that they were actually quite There were actually quite

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<v Speaker 1>few updates apart from the buyback being celebrated in this

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<v Speaker 1>release compared to the release from just a few weeks back,

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<v Speaker 1>and usually when expectations are also that high for a company,

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<v Speaker 1>those really small disappointments tend to trigger quite a lot

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<v Speaker 1>of weakness. So that's why. But the outlook is genuinely

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<v Speaker 1>very bright for the Semen's Energy. Okay, well, let's stay

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<v Speaker 1>in Germany and go to buy our next earning's topping

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<v Speaker 1>estimates there as well.

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<v Speaker 2>At Science also to the Forefrontier.

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<v Speaker 1>Yeah, so it reported better an expected profit, a very

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<v Speaker 1>strong performance saying the crop science business and within that

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<v Speaker 1>what did particularly well where soybeans. Actually cells doubled in

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<v Speaker 1>that segment thanks to a licensing payment that was tied

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<v Speaker 1>to a seed technology dispute, so quite specific, but that

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<v Speaker 1>really boosted the cells. Bayer also confirmed its outlook. It

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<v Speaker 1>said that the conflict in the Middle East doesn't have

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<v Speaker 1>any material impact on the guidance currently. And this is

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<v Speaker 1>all coming at quite a critical time for that company,

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<v Speaker 1>given that is still dealing with this litigation issues around

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<v Speaker 1>its roundup weed killer. So investors are really closely watching

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<v Speaker 1>a US Supreme Court decision that's expected by the end

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<v Speaker 1>of June that could potentially undercut the legal argument that's

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<v Speaker 1>underpinning most of those round up claims. And so those

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<v Speaker 1>really strong earnings are being received quite well this morning.

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<v Speaker 1>Perhaps there is some kind of relief while that legal

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<v Speaker 1>uncertainty continues to hang over that stock.

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<v Speaker 3>Okay, So those are the moves from Bayer moving to

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<v Speaker 3>the banking sector now and Barclay's is down. That's after

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<v Speaker 3>JP Moore, an analyst, said UK banks could face higher

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<v Speaker 3>taxes in the event of a leadership change in Downing Street.

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<v Speaker 3>Of course, we're awaiting news of Kirs Starmer's decision this morning.

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<v Speaker 3>What's the story there? Is it moving markets?

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<v Speaker 1>Yeah, it definitely is. Barclay's, Lloyd's Networks. We're all in

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<v Speaker 1>the red this morning. On the back of that. JP

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<v Speaker 1>Morgan a note and so the risks of those high

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<v Speaker 1>bank taxes have been calculated by the analysts based on

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<v Speaker 1>a previously reported leaked memo from Angela Rayner, and then

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<v Speaker 1>also what we know about Andy Burnham's stance on tax

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<v Speaker 1>With those two names being of cause the names that

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<v Speaker 1>keep coming up when talking about who is potentially going

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<v Speaker 1>to replace Kiss Starmer. Sarma has been trying to hold

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<v Speaker 1>onto his job, but he's really losing that fight at

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<v Speaker 1>the moment. After the major losses for labor that we

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<v Speaker 1>saw in the local elections last week, he's now facing

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<v Speaker 1>a really growing pressure to step down. As you say,

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<v Speaker 1>we are waiting for further developments there, but if a

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<v Speaker 1>leadership change does happen and someone more left leaning that

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<v Speaker 1>Starma takes over, that's essentially when banks need to maybe

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<v Speaker 1>start worrying about those higher taxes. According to those JP

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<v Speaker 1>Morgan analysts, they said that higher bank taxes could result

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<v Speaker 1>in an EPs hit of about three percent f Lloyd's

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<v Speaker 1>in twenty twenty seven, two percent for Networks, and one

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<v Speaker 1>percent for Berkley. So that's not negligible and therefore we

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<v Speaker 1>are seeing those banks weaker this morning on the back

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<v Speaker 1>of that.

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