1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,720 --> 00:00:18,000 Speaker 1: Let's take a look at some of the stocks on 5 00:00:18,040 --> 00:00:20,280 Speaker 1: the move today in Europe. I'm Lizzie Bernin in London 6 00:00:20,280 --> 00:00:23,200 Speaker 1: with Stephen Carroll in Brussels, and we're joined by Bloomberg 7 00:00:23,239 --> 00:00:24,480 Speaker 1: reporter Chloe Melly. 8 00:00:24,760 --> 00:00:26,119 Speaker 3: Chloe, let's start with Ryanair. 9 00:00:26,200 --> 00:00:28,120 Speaker 1: I spoke to the CFO earlier this morning and things 10 00:00:28,120 --> 00:00:30,480 Speaker 1: were looking up for them then for the share price 11 00:00:30,560 --> 00:00:32,920 Speaker 1: now not exactly jetting away. 12 00:00:32,920 --> 00:00:37,760 Speaker 4: No, absolutely, Ryana raised guidance for passonage growth and fair 13 00:00:37,840 --> 00:00:40,360 Speaker 4: so that explains why the cf IT was probably quite 14 00:00:40,360 --> 00:00:42,840 Speaker 4: happy this morning, and that was thanks to a really 15 00:00:42,880 --> 00:00:45,840 Speaker 4: strong travel demand and also a good progress being made 16 00:00:45,840 --> 00:00:48,440 Speaker 4: on Boeing deliveries. So that was an area of quite 17 00:00:48,440 --> 00:00:51,080 Speaker 4: a lot of frustration over the last year, but that's 18 00:00:51,080 --> 00:00:54,280 Speaker 4: now getting a lot better. But Chaz did fall little, 19 00:00:54,320 --> 00:00:57,240 Speaker 4: as you mentioned this morning, because analysts are seeing this 20 00:00:57,320 --> 00:01:01,440 Speaker 4: outlook is perhaps quite cautious, quite concerned, avative, but they 21 00:01:01,440 --> 00:01:04,120 Speaker 4: did say that this is not really a massive course 22 00:01:04,160 --> 00:01:06,560 Speaker 4: for concern and even with a little bit of weakness 23 00:01:06,760 --> 00:01:07,520 Speaker 4: in the share price. 24 00:01:07,600 --> 00:01:09,319 Speaker 3: Ryana is still way ahead. 25 00:01:09,080 --> 00:01:12,200 Speaker 4: Of low cost rivals like Wizz and easy Jets, so 26 00:01:12,200 --> 00:01:16,000 Speaker 4: it's on it's on a pretty good standing even despite this. 27 00:01:16,000 --> 00:01:17,720 Speaker 3: This is a little bit of weakness this morning. 28 00:01:18,120 --> 00:01:21,160 Speaker 4: And also the results just come a few days after 29 00:01:21,280 --> 00:01:22,560 Speaker 4: the spat between. 30 00:01:22,319 --> 00:01:24,520 Speaker 3: The CEO and Michael O'Leary and Elon. 31 00:01:24,360 --> 00:01:28,000 Speaker 4: Musk which was over the starling Wi Fi service from 32 00:01:28,040 --> 00:01:31,640 Speaker 4: SpaceX and Ryan I said that it helped bookings thanks 33 00:01:31,640 --> 00:01:34,240 Speaker 4: to a little bit more publicity, and the CFO today 34 00:01:34,280 --> 00:01:37,280 Speaker 4: reiterated that the airline does not want, does not want 35 00:01:37,280 --> 00:01:39,600 Speaker 4: what that Wi Fi service because of the cost of 36 00:01:39,640 --> 00:01:42,840 Speaker 4: installation being quite high and also passengers not wanting to 37 00:01:42,840 --> 00:01:44,960 Speaker 4: pay for Wi Fi on those really short flights, which 38 00:01:45,000 --> 00:01:46,240 Speaker 4: I completely agree with you. 39 00:01:46,520 --> 00:01:49,120 Speaker 1: Colleen must a big idiot when I was speaking to him. 40 00:01:49,400 --> 00:01:50,480 Speaker 1: It helped the bookings. 41 00:01:51,280 --> 00:01:53,920 Speaker 2: We're going to turn now to the some stocks in 42 00:01:53,960 --> 00:01:58,280 Speaker 2: France a crisis an infant formula following dun Own's recall 43 00:01:58,520 --> 00:02:00,600 Speaker 2: of some infant formula batches. 44 00:02:00,640 --> 00:02:04,480 Speaker 3: We've got several shares under pressure there. Yeah, so dan On, 45 00:02:04,600 --> 00:02:06,880 Speaker 3: but also Nestle and Group Blackedlist. 46 00:02:06,960 --> 00:02:09,720 Speaker 4: All of those companies are caught in the middle of 47 00:02:09,720 --> 00:02:12,960 Speaker 4: this infant formula crisis, and this actually. 48 00:02:12,720 --> 00:02:13,640 Speaker 3: Started with Nesley. 49 00:02:13,720 --> 00:02:15,760 Speaker 4: But now we have those other two down On and 50 00:02:15,840 --> 00:02:19,440 Speaker 4: Group lacked lists pulling products but that are potentially contaminated 51 00:02:19,480 --> 00:02:23,360 Speaker 4: with a toxin, and that is related to an international supply, 52 00:02:23,440 --> 00:02:26,200 Speaker 4: and that's affecting a lot of different markets of different countries. 53 00:02:26,639 --> 00:02:29,640 Speaker 4: And don On is particularly under pressure today because it 54 00:02:29,760 --> 00:02:33,280 Speaker 4: expanded a recall of some of those batches infant formula 55 00:02:33,280 --> 00:02:36,519 Speaker 4: batches to more European markets lit on Friday, and it 56 00:02:36,639 --> 00:02:39,920 Speaker 4: said that it was due to changing standards from regulators, 57 00:02:40,000 --> 00:02:42,680 Speaker 4: and it reiterated that its products were safe and that 58 00:02:42,760 --> 00:02:46,120 Speaker 4: the recall was a completely precautionary measure. 59 00:02:46,680 --> 00:02:48,959 Speaker 3: But we are seeing those shares. 60 00:02:48,680 --> 00:02:51,480 Speaker 4: Are down this morning, and a lot of those other 61 00:02:51,600 --> 00:02:53,959 Speaker 4: stocks as well, and wreck It was also down. Group 62 00:02:53,960 --> 00:02:57,799 Speaker 4: Blacklist was also down, and Nestley is not down as much, 63 00:02:57,800 --> 00:03:00,640 Speaker 4: but it's actually the company that is the worst affected. 64 00:03:00,680 --> 00:03:03,840 Speaker 4: It had to pour products from in shells from more 65 00:03:03,840 --> 00:03:07,480 Speaker 4: than sixty countries and an unalyst at Barclay said that 66 00:03:07,520 --> 00:03:11,440 Speaker 4: the cost Denon could be up to one hundred million euros, 67 00:03:11,600 --> 00:03:14,240 Speaker 4: but that the financial damage for Nesla could actually be 68 00:03:14,320 --> 00:03:18,400 Speaker 4: ten times higher and so Obviously, this quite a lot 69 00:03:18,400 --> 00:03:23,840 Speaker 4: of questions about control standards, quality standards, investments in production sites, 70 00:03:23,880 --> 00:03:26,320 Speaker 4: and so this is going to be a story to 71 00:03:26,360 --> 00:03:29,120 Speaker 4: follow as those companies also report in the next few weeks. 72 00:03:29,160 --> 00:03:30,880 Speaker 1: Okay and Corey, I hate to leave things on a 73 00:03:30,919 --> 00:03:33,359 Speaker 1: sour note, but it looks like we could have another 74 00:03:33,400 --> 00:03:38,520 Speaker 1: London Stock Exchange exit, some pee names swirling around Spire Healthcare. 75 00:03:38,560 --> 00:03:40,120 Speaker 1: How's the market reacting. 76 00:03:40,000 --> 00:03:42,840 Speaker 4: Well, the malk is reacting very positively for Spire Healthcare. 77 00:03:43,040 --> 00:03:46,640 Speaker 4: Shares actually started this morning because of that potential private 78 00:03:46,680 --> 00:03:49,600 Speaker 4: equity deal and the talks are still preliminary. 79 00:03:50,120 --> 00:03:51,720 Speaker 3: They are still potentially other suitors. 80 00:03:52,160 --> 00:03:54,280 Speaker 4: But this is actually sometime in the making for Spire 81 00:03:54,320 --> 00:03:57,400 Speaker 4: Healthcare because back in September it confirmed it was working 82 00:03:57,440 --> 00:04:01,800 Speaker 4: with Rothschild and exploring some options, including a potential sale. 83 00:04:01,800 --> 00:04:03,800 Speaker 4: And right now the bid comes at a time of 84 00:04:03,920 --> 00:04:06,800 Speaker 4: quite a weakness for Spuire Healthcare. It had a massive 85 00:04:06,800 --> 00:04:09,480 Speaker 4: profit warning back in December and that had really sent 86 00:04:09,880 --> 00:04:13,200 Speaker 4: the shares plunging. But if the deal happens, it might 87 00:04:13,240 --> 00:04:15,240 Speaker 4: be great for shareholders, but as you say, it might 88 00:04:15,280 --> 00:04:18,200 Speaker 4: be another big loss for the London Stock Exchange. Within 89 00:04:18,240 --> 00:04:20,719 Speaker 4: that same sect of kind of healthcare real estate. We 90 00:04:20,800 --> 00:04:23,599 Speaker 4: had Asura last year which was bought by by Primary 91 00:04:23,600 --> 00:04:26,320 Speaker 4: Health Properties, and that was after quite a long takeover 92 00:04:26,360 --> 00:04:30,040 Speaker 4: battle that involved another private equity firm, KKI if we remember. 93 00:04:30,640 --> 00:04:33,440 Speaker 4: So we have that private equity swirling in that potential 94 00:04:33,880 --> 00:04:36,560 Speaker 4: another big loss for the London Stock Exchange, so that'll 95 00:04:36,600 --> 00:04:39,080 Speaker 4: be something to look out for as well. 96 00:04:39,200 --> 00:04:43,240 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 97 00:04:43,320 --> 00:04:45,880 Speaker 2: us throughout the day for the latest roundup of companies 98 00:04:45,960 --> 00:04:49,040 Speaker 2: making news on Wall Street and for the latest market 99 00:04:49,080 --> 00:04:53,520 Speaker 2: moving headlines. 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