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: Let's take a look at some stocks on the move
Speaker 3: today in Europe. I'm James Wilcot with Stephen Carrot and
Speaker 3: we're joined by a report to Tea added Bio Teama.
Speaker 3: Let's start with installation special the Kingspan. Why are investors
Speaker 3: warming to the stock?
Speaker 4: Well, yeah, some big moves for Kingspan this morning. It's
Speaker 4: been up as much as fifteen percent. That's their highest
Speaker 4: level since April twenty twenty two, and this really comes
Speaker 4: after their results announcements, so they've topped expectations in the
Speaker 4: first half and lifted trading profit guidance for the full year.
Speaker 4: The firm also released some commentary saying that their order
Speaker 4: backlog is considerably higher than at this point last year,
Speaker 4: so they're expecting to break ten billion euros in full
Speaker 4: year revenue for the first time ever. An lists are
Speaker 4: agreeing with this assessment we've had for RB seeing Goldman Sachs.
Speaker 4: They're also saying that this growing backlog should drive improve
Speaker 4: profit growth. Some other commentary from goodbody who have said
Speaker 4: this is a best in class update. They're also talking
Speaker 4: about that stronger outlook, but they predict that shares are
Speaker 4: going to be driven higher not just by the upgrade,
Speaker 4: but also by multiple expansion as a result of the
Speaker 4: earnings momentum that we're seeing. So a pretty good day
Speaker 4: for Kingspan, it seems.
Speaker 1: Yeah, big news out of a company based in kings Cord, County,
Speaker 1: Calvin on the border. Are not far from the border
Speaker 1: Ireland and Northern Ireland as well.
Speaker 2: Tia.
Speaker 1: Let's go to their next stop that you've been watching,
Speaker 1: which is the manufacturer Daimler Truck. Their shares dropping sharply.
Speaker 4: Yes, shares dropping at a Daimler truck. They've seen that
Speaker 4: after their results announcement. It's been a bit of a
Speaker 4: difficult time for the company and we're seeing that reflected
Speaker 4: in their share performance today. So shares down there.
Speaker 3: And let's look at salanthis tea. I mean, it's probably
Speaker 3: not a good sign of one. ALA's discribe their earnings
Speaker 3: as a sobering reality check.
Speaker 4: Yeah, difficulties for stilandas one of the biggest losers on
Speaker 4: the stock six hundred this morning, down as much as
Speaker 4: three point eight percent, and that says the car marker
Speaker 4: Carmakers has been downgraded to underperform from market perform by
Speaker 4: analyst at Bernstein, which they say there's still substantial scope
Speaker 4: for estimate reductions, which is more than a year after
Speaker 4: the appointment of a new CEO, so they're not seeing
Speaker 4: any pick up there and this have reduced their own
Speaker 4: estimates for twenty twenty six and for the two years
Speaker 4: after that as well. They're saying that consensus for shipment
Speaker 4: levels in North America in the second half of this
Speaker 4: year seem like a stretch, especially if dealer inventories are
Speaker 4: going to be controlled, and a reduction in the production
Speaker 4: rate could be necessary there, according to them, as you mentioned,
Speaker 4: pretty strong wording. They said the twenty twenty six results
Speaker 4: are a sobering reality and that this is the final straw,
Speaker 4: so we'll see what happens there.
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