WEBVTT - Ryanair Drops, Publicis Jumps, AMS Plunges

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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 1>Let's take a look at some of the individual stocks

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<v Speaker 1>on the move today in Europe Pie Lizzie Bird and

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<v Speaker 1>with Caroline Hapka, and we're joined by Opnenberg reporter Chloe Melley. So, Chloie,

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<v Speaker 1>I want to start with Ryanair. We heard from them

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<v Speaker 1>off the back of their results this morning. Am I

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<v Speaker 1>going to get to go on holiday this summer hopefully?

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<v Speaker 3>But for Ryanair it's going to be a little bit

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<v Speaker 3>of pressure on costs. So it was the latest airline

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<v Speaker 3>to give some details about the impact of those higher

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<v Speaker 3>fuel prices. So it's said that it's fuel bill had

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<v Speaker 3>already risen by a few hundred million euros, which is

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<v Speaker 3>a not very specific figure, but it seems actually a

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<v Speaker 3>little bit better than some of the other figures that

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<v Speaker 3>have been shared by other airlines. So we had iERG,

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<v Speaker 3>for example, mentioning a two billion euro bill and so

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<v Speaker 3>Ryan is considered to be a bit more resilient to

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<v Speaker 3>those higher fuel costs and some of its peers because

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<v Speaker 3>of fuel hedging and so it has hedged about eighty

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<v Speaker 3>percent of its fuel at sixty seven dollars a barrel

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<v Speaker 3>for this year, so that will protect earnings. But if

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<v Speaker 3>we see the conflict persist in the Strait of Hormos

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<v Speaker 3>still not reopening soon, then those costs will start to

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<v Speaker 3>pile up and they will start to increase quite dramatically

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<v Speaker 3>for Ryanair as well. And it's said that it was

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<v Speaker 3>far too early right now to provide any sort of

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<v Speaker 3>meaningful profit guidance given the volatility and fuel prices and

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<v Speaker 3>the lack of clarity around when that conflict will actually

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<v Speaker 3>but this is something that's going to be that's going

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<v Speaker 3>to start weighing on the performance a little bit. And

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<v Speaker 3>then we also have, in addition to this fuel cost problem,

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<v Speaker 3>also higher costs coming from a few different things, including

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<v Speaker 3>engine maintenance, some significant pay increases for crew, and then

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<v Speaker 3>also the euse environmental taxes. So there's a bunch of

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<v Speaker 3>different costs are starting to come through, and so it

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<v Speaker 3>seems that overall Ryanair is taking quite a cautious approach

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<v Speaker 3>going into this new fiscal year, and that's really dragged

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<v Speaker 3>down the shares this morning.

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<v Speaker 4>Okay, so that on Ryan Air Meanwhile, over in the

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<v Speaker 4>advertising space, Publicist there's a deal on the table, and

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<v Speaker 4>of course the backdrop is always artificial intelligence for the

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<v Speaker 4>ad companies, isn't it.

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<v Speaker 3>Yeah, absolutely, so quite a good day for Publicist shares

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<v Speaker 3>up this morning after as you say, agreeing to buy

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<v Speaker 3>a data collaboration platform called live Ramp for an enterprise

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<v Speaker 3>value of two point two billion dollars. So this is

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<v Speaker 3>really part of a strategy for Publicists of accelerating this

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<v Speaker 3>investment in AI tools. So the deal has also prompted

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<v Speaker 3>the company to raise its growth targets for twenty twenty

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<v Speaker 3>seven and twenty twenty eight, and so we're seeing the

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<v Speaker 3>market react quite positively to this. There's always been, what

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<v Speaker 3>I mean, for the last few years at least some

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<v Speaker 3>concern around the advertising industry about how much this economic

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<v Speaker 3>uncertainty is impacting marketing budgets. But Publicists, through all of

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<v Speaker 3>these concerns, has been a quite clear outperformer and for

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<v Speaker 3>a while now compared especially to WPP in the UK,

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<v Speaker 3>So it seems actually quite resilient to the current micro

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<v Speaker 3>uncertainty that we're seeing. And a big part of that,

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<v Speaker 3>as you mentioned, is AI and it's a company that's

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<v Speaker 3>made a lot of investments into AI, into digital transformation,

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<v Speaker 3>and this latest deal is part of that strategy and

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<v Speaker 3>it seems to be one that is working quite well

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<v Speaker 3>for publicists Chloe.

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<v Speaker 1>Finally a big drop for Advanced Medical Solutions. What's driving that?

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<v Speaker 3>Yeah, So Advanced Medical Solutions a company that makes surgical

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<v Speaker 3>and wound care products and it's dropped because Tha Associates

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<v Speaker 3>confirmed that it would not be making an offer for

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<v Speaker 3>the company after previously considering a deal, and so the

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<v Speaker 3>shares had rallied massively on the news of a potential

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<v Speaker 3>deal last month, and so obviously now that that is

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<v Speaker 3>not happening, we're seeing the shares drop quite quite a lot.

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<v Speaker 3>There might be other suitors coming through though. It is

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<v Speaker 3>not the first time that AMSA has been the subject

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<v Speaker 3>of takeover intra and it's also coming at quite an

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<v Speaker 3>interesting time for British companies. There's a new a new

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<v Speaker 3>piece on the terminal today about the value of mergers

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<v Speaker 3>and acquisitions targeting UK companies rising more than two hundred

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<v Speaker 3>and fifty percent this year and that is really putting

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<v Speaker 3>the M and A Advisors in London on track for their

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<v Speaker 3>best here in more than a decade, so maybe ams

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<v Speaker 3>will be part of that book.

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<v Speaker 2>Not right now. The Stock Movers report from Bloomberg Radio.

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