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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: Now, let's have a look at some of the stocks

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Speaker 1: on the move today here in you. I'm Caroline Hepcky

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Speaker 1: with that, and I'm joined by Bloomberg's Equities reported Joe Easton.

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Speaker 1: Great to see you, Joe. As we see tariffs and

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Speaker 1: continue to consider the impact of tariffs on Europe, renewables

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Speaker 1: here are getting a second wind.

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Speaker 3: But why they are getting a second win? So renewable stock,

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Speaker 3: specifically offshore wind stocks getting a big boost today. Now

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Speaker 3: this is news last night that the Trump administration is

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Speaker 3: going to lift an order that had halted a big

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Speaker 3: construction in the offshore wind market over in New York.

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Speaker 3: Now equnor over in Norway was building this five billion

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Speaker 3: dollar project, but it was halted when Trump came into power,

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Speaker 3: kind of in line with the resistance to renewable by

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Speaker 3: the White House, by the administration. There but news last

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Speaker 3: night that this is actually now going to resume. So

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Speaker 3: therefore it's a bit of a kind of a turnaround

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Speaker 3: and about turn in policy and we're seeing shares of

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Speaker 3: wind companies soaring. Today's at austed up around fifteen percent

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Speaker 3: at the moment. The best stock in Europe today Vestas

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Speaker 3: Wind Systems, up another five percent in Europe as well.

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Speaker 3: Even Ecuinor itself, which was one of the companies that

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Speaker 3: was part of this project, gaining a couple of percentage

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Speaker 3: points as well. So investors blown away by this news

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Speaker 3: this morning.

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Speaker 1: Okay, what about then the defense stocks also that we've

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Speaker 1: been keeping a close eye on because of the ups

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Speaker 1: and downs in terms of the war in Ukraine and

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Speaker 1: now the possibility that actually the ceasfar talks may be

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Speaker 1: more difficult or have less US support. How are defense

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Speaker 1: stocks managing here in Europe?

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Speaker 3: Yes, this is kind of an interesting one because the

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Speaker 3: obviously the headlines you mentioned with Trump saying that you

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Speaker 3: can Russia Ukraine and Russia could start talks on a

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Speaker 3: truce immediately, you'd kind of initially think that would potentially

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Speaker 3: be bearish for spending. But the real takeaway from this

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Speaker 3: is that it is another example of America pulling away

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Speaker 3: from the situation with the war in Europe, and therefore Europe,

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Speaker 3: having defend for itself, probably spend more money on defense

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Speaker 3: in order to be less dependent on the US, and

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Speaker 3: therefore we're actually seeing most of the defense stocks gaining today.

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Speaker 3: Ryan Mattau up another one point six percent, Leonardo up

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Speaker 3: two percent, BA system slightly higher. Pretty much every defense

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Speaker 3: stock almost in the green this morning. So it kind

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Speaker 3: of shows you that a process towards a piece deal

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Speaker 3: without US involvement is actually possibly. It's easy for me

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Speaker 3: to say bullish for defense stocks.

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Speaker 1: Yeah, okay, because of the need to re arm in Europe,

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Speaker 1: you know, which is also I suppose in some levels

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Speaker 1: deeply concerning. As for past thing's a bit lighter or

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Speaker 1: maybe not lighter Stodgia Greggs. They've got guidance out this

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Speaker 1: is all about baked goods. What is baked in for them?

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Speaker 3: It is not just baked goods. Apparently they've got a

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Speaker 3: macaronian cheese that went viral on TikTok. That's according to

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Speaker 3: their trading statement. But Greg's given a training update today.

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Speaker 3: Actually the takeaway from this that literally no pun intended,

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Speaker 3: but the takeaway is that sales were up seven percent

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Speaker 3: in the last quarter, so actually showing a bit of

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Speaker 3: a rebound. Now Greg's was one of these superstar stocks

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Speaker 3: of the UK market. A couple of years ago when

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Speaker 3: they had the whole Vegan sausage roll sensational thing. The

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Speaker 3: stock rallied a lot, but it's come off so much

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Speaker 3: remarkable really. The stock used to trade at around thirty

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Speaker 3: two pounds of share. It's now training at twenty one

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Speaker 3: pounds of share. But finally the statement from Greggs is

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Speaker 3: showing some improvements to analyst over at Jeffreys saying that

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Speaker 3: this is a significant step up in the growth. That

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Speaker 3: Greg's robust improvement is what they're saying. Sure capsule right

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Speaker 3: saying that they've seen an improvement as well. The stockmaving

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Speaker 3: high up by around seven percent this morning.

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Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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