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 1: Let's take a look at some of the individual stocks
Speaker 1: on the move today in Europe Pie Lizzie Bird and
Speaker 1: with Caroline Hapka, and we're joined by Opnenberg reporter Chloe Melley. So, Chloie,
Speaker 1: I want to start with Ryanair. We heard from them
Speaker 1: off the back of their results this morning. Am I
Speaker 1: going to get to go on holiday this summer hopefully?
Speaker 3: But for Ryanair it's going to be a little bit
Speaker 3: of pressure on costs. So it was the latest airline
Speaker 3: to give some details about the impact of those higher
Speaker 3: fuel prices. So it's said that it's fuel bill had
Speaker 3: already risen by a few hundred million euros, which is
Speaker 3: a not very specific figure, but it seems actually a
Speaker 3: little bit better than some of the other figures that
Speaker 3: have been shared by other airlines. So we had iERG,
Speaker 3: for example, mentioning a two billion euro bill and so
Speaker 3: Ryan is considered to be a bit more resilient to
Speaker 3: those higher fuel costs and some of its peers because
Speaker 3: of fuel hedging and so it has hedged about eighty
Speaker 3: percent of its fuel at sixty seven dollars a barrel
Speaker 3: for this year, so that will protect earnings. But if
Speaker 3: we see the conflict persist in the Strait of Hormos
Speaker 3: still not reopening soon, then those costs will start to
Speaker 3: pile up and they will start to increase quite dramatically
Speaker 3: for Ryanair as well. And it's said that it was
Speaker 3: far too early right now to provide any sort of
Speaker 3: meaningful profit guidance given the volatility and fuel prices and
Speaker 3: the lack of clarity around when that conflict will actually
Speaker 3: but this is something that's going to be that's going
Speaker 3: to start weighing on the performance a little bit. And
Speaker 3: then we also have, in addition to this fuel cost problem,
Speaker 3: also higher costs coming from a few different things, including
Speaker 3: engine maintenance, some significant pay increases for crew, and then
Speaker 3: also the euse environmental taxes. So there's a bunch of
Speaker 3: different costs are starting to come through, and so it
Speaker 3: seems that overall Ryanair is taking quite a cautious approach
Speaker 3: going into this new fiscal year, and that's really dragged
Speaker 3: down the shares this morning.
Speaker 4: Okay, so that on Ryan Air Meanwhile, over in the
Speaker 4: advertising space, Publicist there's a deal on the table, and
Speaker 4: of course the backdrop is always artificial intelligence for the
Speaker 4: ad companies, isn't it.
Speaker 3: Yeah, absolutely, so quite a good day for Publicist shares
Speaker 3: up this morning after as you say, agreeing to buy
Speaker 3: a data collaboration platform called live Ramp for an enterprise
Speaker 3: value of two point two billion dollars. So this is
Speaker 3: really part of a strategy for Publicists of accelerating this
Speaker 3: investment in AI tools. So the deal has also prompted
Speaker 3: the company to raise its growth targets for twenty twenty
Speaker 3: seven and twenty twenty eight, and so we're seeing the
Speaker 3: market react quite positively to this. There's always been, what
Speaker 3: I mean, for the last few years at least some
Speaker 3: concern around the advertising industry about how much this economic
Speaker 3: uncertainty is impacting marketing budgets. But Publicists, through all of
Speaker 3: these concerns, has been a quite clear outperformer and for
Speaker 3: a while now compared especially to WPP in the UK,
Speaker 3: So it seems actually quite resilient to the current micro
Speaker 3: uncertainty that we're seeing. And a big part of that,
Speaker 3: as you mentioned, is AI and it's a company that's
Speaker 3: made a lot of investments into AI, into digital transformation,
Speaker 3: and this latest deal is part of that strategy and
Speaker 3: it seems to be one that is working quite well
Speaker 3: for publicists Chloe.
Speaker 1: Finally a big drop for Advanced Medical Solutions. What's driving that?
Speaker 3: Yeah, So Advanced Medical Solutions a company that makes surgical
Speaker 3: and wound care products and it's dropped because Tha Associates
Speaker 3: confirmed that it would not be making an offer for
Speaker 3: the company after previously considering a deal, and so the
Speaker 3: shares had rallied massively on the news of a potential
Speaker 3: deal last month, and so obviously now that that is
Speaker 3: not happening, we're seeing the shares drop quite quite a lot.
Speaker 3: There might be other suitors coming through though. It is
Speaker 3: not the first time that AMSA has been the subject
Speaker 3: of takeover intra and it's also coming at quite an
Speaker 3: interesting time for British companies. There's a new a new
Speaker 3: piece on the terminal today about the value of mergers
Speaker 3: and acquisitions targeting UK companies rising more than two hundred
Speaker 3: and fifty percent this year and that is really putting
Speaker 3: the M and A Advisors in London on track for their
Speaker 3: best here in more than a decade, so maybe ams
Speaker 3: will be part of that book.
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