Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Well, let's take a look at some stocks on the
Speaker 3: move today in Europe. I'm Stephen Carroll and I'm joined
Speaker 3: by Bloomberg's Breaking News editor Louise Moon. Louise, good morning.
Speaker 3: So let's start with the movement that we're seeing in
Speaker 3: energy price energy price shares this morning. And you've been
Speaker 3: looking at the likes of Shell.
Speaker 1: Yeah, so Shell among as you say, energy stocks in
Speaker 1: general across Europe and in London, Shell's one of the
Speaker 1: top prises on the foot TEO hundred alongside BP and
Speaker 1: as I say, oil stocks kind of gaining in London,
Speaker 1: and they're the top performers on the stock six hundred
Speaker 1: in Europe. Obviously, this comes as oil prices holding firmly
Speaker 1: above one hundred dollars a barrel on the back of
Speaker 1: your starts to enforce a blockage of Iran support. So
Speaker 1: that's hiking oil prices and hike the relevant stocks as well.
Speaker 1: So if you look across Europe, you've got total energies REPSOL,
Speaker 1: both in Paris, Equinor and Oslo. So seeing gains across
Speaker 1: the board there and then on the flip side, airlines
Speaker 1: on the back foot on the prospect of those higher
Speaker 1: jet fuel prices. So you've got the likes of whizz Air,
Speaker 1: Easy Jet, Ryanair, IAG left hands are all down, all
Speaker 1: their shares into the red Bernstein warning that you know,
Speaker 1: those rising fuel costs will eat into their earnings. So
Speaker 1: seeing that the rise in in energy and the fall
Speaker 1: in airlines across Europe this morning.
Speaker 3: Yeah, indeed get more volatility on the back of those
Speaker 3: headlines coming from the Middle East. Let's go to Sweden
Speaker 3: next though, and some news from the sensor maker Hexagon.
Speaker 1: Yes, this is a Swedish tech firm, so they make
Speaker 1: sensors and mapping tools. Essentially they help build digital images
Speaker 1: of the world and then they're used in the customers
Speaker 1: include you know, mining companies, construction companies, manufacturing. So they're
Speaker 1: buying a company called Wagate Technologies for about one point
Speaker 1: four or five billion US dollars in cash from Baker
Speaker 1: Hughes Baker Hues as a US energy tech firm. They're
Speaker 1: based in Houston, so buying Waygate Technologies. Essentially, this allows
Speaker 1: them to expand into slightly different technology and into different industries.
Speaker 1: So whey you gate specializes in tech that's used by energy,
Speaker 1: aerospace cars, so slightly slightly different industries there. It comes
Speaker 1: as you know that there's been more and more deals
Speaker 1: in the space, in the sensor tech space. There's more
Speaker 1: investment in automation and digitalization, you know, across the board,
Speaker 1: and therefore there's rising demand for these kind of companies
Speaker 1: that's kind of fueling these deals. So this deal is
Speaker 1: expected to close in the second half Hexgan shares in
Speaker 1: Stockholm little change perhaps, you know, waiting is a bit
Speaker 1: of a wait and see to the benefits of the deal,
Speaker 1: but expected to close in the second half, and that's
Speaker 1: for one point four or five billion.
Speaker 3: US dollars okay, And in the UK slightly chili reception
Speaker 3: for the new CEO of home builder Vistry.
Speaker 1: Yes, so shares Vistuy is actually among a big forwards
Speaker 1: that they were down as this morning as much as
Speaker 1: four point seven percent. They've named their inside a man
Speaker 1: called Adam Daniels to become their new CEO. So that's
Speaker 1: with immediate effect. So as you say, a bit of
Speaker 1: a chili reception to that the background being so he's
Speaker 1: replacing the outgoing CEO who's retiring, called Greg Fitzgerald. He's
Speaker 1: been there for more than a decade. He's kind of
Speaker 1: steered the company through a lot of deals and shaped
Speaker 1: the company. So Alyss is saying that while it's good
Speaker 1: that this is sorted and it takes away the uncertainty
Speaker 1: over who's going to replace him, investors were expecting an
Speaker 1: external hire, and there's RBC, for example, saying it appears
Speaker 1: a little rushed, so potentially some disappointment there. And then
Speaker 1: I mean, if you look back, if you look at
Speaker 1: their performance and their share price going back over the
Speaker 1: past year, their shares have fallen and forty seven percent,
Speaker 1: partly on a sluggish profit outlook and partly on Fitzgerald leaving.
Speaker 1: So essentially there's a big task for Daniels ahead to
Speaker 1: boost that share price and also to get that confidence
Speaker 1: from investors. So he's pledged a lot of improvement. He
Speaker 1: said he's going to improve cash generation and open market
Speaker 1: sales for Vistry. But as you say, a bit of
Speaker 1: a chili reception for him so far, So we'll have
Speaker 1: to see how he does in the role. As he
Speaker 1: steps in.
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