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 stocks on
Speaker 1: the move today in Europe. I'm Lizzie Bernin in London
Speaker 1: with Stephen Carroll in Brussels, and we're joined by Bloomberg
Speaker 1: reporter Chloe Melly.
Speaker 3: Chloe, let's start with Ryanair.
Speaker 1: I spoke to the CFO earlier this morning and things
Speaker 1: were looking up for them then for the share price
Speaker 1: now not exactly jetting away.
Speaker 4: No, absolutely, Ryana raised guidance for passonage growth and fair
Speaker 4: so that explains why the cf IT was probably quite
Speaker 4: happy this morning, and that was thanks to a really
Speaker 4: strong travel demand and also a good progress being made
Speaker 4: on Boeing deliveries. So that was an area of quite
Speaker 4: a lot of frustration over the last year, but that's
Speaker 4: now getting a lot better. But Chaz did fall little,
Speaker 4: as you mentioned this morning, because analysts are seeing this
Speaker 4: outlook is perhaps quite cautious, quite concerned, avative, but they
Speaker 4: did say that this is not really a massive course
Speaker 4: for concern and even with a little bit of weakness
Speaker 4: in the share price.
Speaker 3: Ryana is still way ahead.
Speaker 4: Of low cost rivals like Wizz and easy Jets, so
Speaker 4: it's on it's on a pretty good standing even despite this.
Speaker 3: This is a little bit of weakness this morning.
Speaker 4: And also the results just come a few days after
Speaker 4: the spat between.
Speaker 3: The CEO and Michael O'Leary and Elon.
Speaker 4: Musk which was over the starling Wi Fi service from
Speaker 4: SpaceX and Ryan I said that it helped bookings thanks
Speaker 4: to a little bit more publicity, and the CFO today
Speaker 4: reiterated that the airline does not want, does not want
Speaker 4: what that Wi Fi service because of the cost of
Speaker 4: installation being quite high and also passengers not wanting to
Speaker 4: pay for Wi Fi on those really short flights, which
Speaker 4: I completely agree with you.
Speaker 1: Colleen must a big idiot when I was speaking to him.
Speaker 1: It helped the bookings.
Speaker 2: We're going to turn now to the some stocks in
Speaker 2: France a crisis an infant formula following dun Own's recall
Speaker 2: of some infant formula batches.
Speaker 3: We've got several shares under pressure there. Yeah, so dan On,
Speaker 3: but also Nestle and Group Blackedlist.
Speaker 4: All of those companies are caught in the middle of
Speaker 4: this infant formula crisis, and this actually.
Speaker 3: Started with Nesley.
Speaker 4: But now we have those other two down On and
Speaker 4: Group lacked lists pulling products but that are potentially contaminated
Speaker 4: with a toxin, and that is related to an international supply,
Speaker 4: and that's affecting a lot of different markets of different countries.
Speaker 4: And don On is particularly under pressure today because it
Speaker 4: expanded a recall of some of those batches infant formula
Speaker 4: batches to more European markets lit on Friday, and it
Speaker 4: said that it was due to changing standards from regulators,
Speaker 4: and it reiterated that its products were safe and that
Speaker 4: the recall was a completely precautionary measure.
Speaker 3: But we are seeing those shares.
Speaker 4: Are down this morning, and a lot of those other
Speaker 4: stocks as well, and wreck It was also down. Group
Speaker 4: Blacklist was also down, and Nestley is not down as much,
Speaker 4: but it's actually the company that is the worst affected.
Speaker 4: It had to pour products from in shells from more
Speaker 4: than sixty countries and an unalyst at Barclay said that
Speaker 4: the cost Denon could be up to one hundred million euros,
Speaker 4: but that the financial damage for Nesla could actually be
Speaker 4: ten times higher and so Obviously, this quite a lot
Speaker 4: of questions about control standards, quality standards, investments in production sites,
Speaker 4: and so this is going to be a story to
Speaker 4: follow as those companies also report in the next few weeks.
Speaker 1: Okay and Corey, I hate to leave things on a
Speaker 1: sour note, but it looks like we could have another
Speaker 1: London Stock Exchange exit, some pee names swirling around Spire Healthcare.
Speaker 1: How's the market reacting.
Speaker 4: Well, the malk is reacting very positively for Spire Healthcare.
Speaker 4: Shares actually started this morning because of that potential private
Speaker 4: equity deal and the talks are still preliminary.
Speaker 3: They are still potentially other suitors.
Speaker 4: But this is actually sometime in the making for Spire
Speaker 4: Healthcare because back in September it confirmed it was working
Speaker 4: with Rothschild and exploring some options, including a potential sale.
Speaker 4: And right now the bid comes at a time of
Speaker 4: quite a weakness for Spuire Healthcare. It had a massive
Speaker 4: profit warning back in December and that had really sent
Speaker 4: the shares plunging. But if the deal happens, it might
Speaker 4: be great for shareholders, but as you say, it might
Speaker 4: be another big loss for the London Stock Exchange. Within
Speaker 4: that same sect of kind of healthcare real estate. We
Speaker 4: had Asura last year which was bought by by Primary
Speaker 4: Health Properties, and that was after quite a long takeover
Speaker 4: battle that involved another private equity firm, KKI if we remember.
Speaker 4: So we have that private equity swirling in that potential
Speaker 4: another big loss for the London Stock Exchange, so that'll
Speaker 4: be something to look out for as well.
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