Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today in Europe. I'm tea Added Bay with
Speaker 3: Stephen Carroll and we're joined by Bloomberg reporter Chloe Meley Chloe.
Speaker 3: Siemens Energy it says it expects the AI data center
Speaker 3: boom to bolster its sales in the year to come.
Speaker 3: This CUFO was pretty bullish about that when speaking to
Speaker 3: our colleague Lizzie Burgen this morning. Has it been good
Speaker 3: news for their share price?
Speaker 1: Well, not so much. Actually, the share price is done
Speaker 1: a little bit. But let's start with the positive first. So,
Speaker 1: as you say, it has said that this surging demand
Speaker 1: for energy infrastructure thanks to both AI and electrification, was
Speaker 1: really really boosting sales. So it said it would be
Speaker 1: accelerating its buyer back this year thanks to those strong
Speaker 1: orders from data center customers in Particula. And this comes
Speaker 1: just a few weeks after it had already raised its
Speaker 1: outlook for the year. So Semen's Energy is part of
Speaker 1: this crop of companies like Schneider Electric, abb Logan, all
Speaker 1: of those companies really benefiting from the billions are being
Speaker 1: poured into AI and that visibility is now great. The
Speaker 1: outlook is very bright. But the reason why Chaz did
Speaker 1: for this morning is because some analysts had actually noted
Speaker 1: some weaker margins in the gas business, and they also
Speaker 1: said that they were actually quite There were actually quite
Speaker 1: few updates apart from the buyback being celebrated in this
Speaker 1: release compared to the release from just a few weeks back,
Speaker 1: and usually when expectations are also that high for a company,
Speaker 1: those really small disappointments tend to trigger quite a lot
Speaker 1: of weakness. So that's why. But the outlook is genuinely
Speaker 1: very bright for the Semen's Energy. Okay, well, let's stay
Speaker 1: in Germany and go to buy our next earning's topping
Speaker 1: estimates there as well.
Speaker 2: At Science also to the Forefrontier.
Speaker 1: Yeah, so it reported better an expected profit, a very
Speaker 1: strong performance saying the crop science business and within that
Speaker 1: what did particularly well where soybeans. Actually cells doubled in
Speaker 1: that segment thanks to a licensing payment that was tied
Speaker 1: to a seed technology dispute, so quite specific, but that
Speaker 1: really boosted the cells. Bayer also confirmed its outlook. It
Speaker 1: said that the conflict in the Middle East doesn't have
Speaker 1: any material impact on the guidance currently. And this is
Speaker 1: all coming at quite a critical time for that company,
Speaker 1: given that is still dealing with this litigation issues around
Speaker 1: its roundup weed killer. So investors are really closely watching
Speaker 1: a US Supreme Court decision that's expected by the end
Speaker 1: of June that could potentially undercut the legal argument that's
Speaker 1: underpinning most of those round up claims. And so those
Speaker 1: really strong earnings are being received quite well this morning.
Speaker 1: Perhaps there is some kind of relief while that legal
Speaker 1: uncertainty continues to hang over that stock.
Speaker 3: Okay, So those are the moves from Bayer moving to
Speaker 3: the banking sector now and Barclay's is down. That's after
Speaker 3: JP Moore, an analyst, said UK banks could face higher
Speaker 3: taxes in the event of a leadership change in Downing Street.
Speaker 3: Of course, we're awaiting news of Kirs Starmer's decision this morning.
Speaker 3: What's the story there? Is it moving markets?
Speaker 1: Yeah, it definitely is. Barclay's, Lloyd's Networks. We're all in
Speaker 1: the red this morning. On the back of that. JP
Speaker 1: Morgan a note and so the risks of those high
Speaker 1: bank taxes have been calculated by the analysts based on
Speaker 1: a previously reported leaked memo from Angela Rayner, and then
Speaker 1: also what we know about Andy Burnham's stance on tax
Speaker 1: With those two names being of cause the names that
Speaker 1: keep coming up when talking about who is potentially going
Speaker 1: to replace Kiss Starmer. Sarma has been trying to hold
Speaker 1: onto his job, but he's really losing that fight at
Speaker 1: the moment. After the major losses for labor that we
Speaker 1: saw in the local elections last week, he's now facing
Speaker 1: a really growing pressure to step down. As you say,
Speaker 1: we are waiting for further developments there, but if a
Speaker 1: leadership change does happen and someone more left leaning that
Speaker 1: Starma takes over, that's essentially when banks need to maybe
Speaker 1: start worrying about those higher taxes. According to those JP
Speaker 1: Morgan analysts, they said that higher bank taxes could result
Speaker 1: in an EPs hit of about three percent f Lloyd's
Speaker 1: in twenty twenty seven, two percent for Networks, and one
Speaker 1: percent for Berkley. So that's not negligible and therefore we
Speaker 1: are seeing those banks weaker this morning on the back
Speaker 1: of that.
Speaker 2: The stock movers report from Bloomberg Radio. Check back with
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