Speaker 1: Bloomberg Audio Studios podcasts, radio news.
Speaker 2: The Stock Movers podcast, 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 of the socks on
Speaker 3: the move today here in Europe. I'm Caroline Headgat with
Speaker 3: Valerie Title, and we're joined by Bloomberg's Equities reported Joe
Speaker 3: Easton Joe. IAG came out with earnings, a major order
Speaker 3: and also a boost from the UK US trade deal.
Speaker 1: Yeah, so this is a well several piece of news,
Speaker 1: you say for IAG. So this big deal to buy
Speaker 1: more wide body jets and more jets used for transatlantic travel,
Speaker 1: mainly for British airways. So they are buying around ten
Speaker 1: billion dollars worth of planes. This split between Boeing seven
Speaker 1: eight sevens and also Airbus a three three to zero
Speaker 1: neo plane specifically, and that is coming alongside their earnings.
Speaker 1: The earnings looking pretty strong. Interestingly, they say that the
Speaker 1: premium cabins so first class business class, making up for
Speaker 1: weakness in the economy leisure business. They say that is
Speaker 1: actually a little bit soft. But this stock had a
Speaker 1: decent run recently. It actually doubled in value last year,
Speaker 1: kind of extending those gains a little bit today and
Speaker 1: also potentially you say, a bit of a boost from
Speaker 1: the positive trade news as well.
Speaker 2: All right, that's iag. But lots of high spirits this
Speaker 2: week around both trade, nel use and the new pope.
Speaker 2: But it's not all good news for one Italian company.
Speaker 2: What's the story there, jell.
Speaker 1: No, we've got that in there. That link worked very well,
Speaker 1: I think, so yes, so Italy. A lot of focus
Speaker 1: on Italy, of course, but we're going to talk about Campari,
Speaker 1: which is an Italian drinks make. It makes apparole, which
Speaker 1: everyone knows from those orange drinks that you see everywhere
Speaker 1: over the summer. The aperol spirits Campari, though, saying that
Speaker 1: the earnings have been hit by a weaker economy, sales
Speaker 1: contractions spurred by consumer cautiousness, not drinking enough apparol spits apparently,
Speaker 1: and the stock down around five percent to date. This
Speaker 1: company has had a series of profit warnings because of
Speaker 1: issues in at the drinks market. Some of that actually
Speaker 1: related to tariffs and the impact on that given a
Speaker 1: lot of exposure to China as well. But it's another
Speaker 1: week one and the stock down around fifty five percent
Speaker 1: in the past year. Maybe a few glasses raised to
Speaker 1: the new pope over the weekend.
Speaker 3: I don't know how we might just sadrich that link
Speaker 3: in there between that I can't stand and the election
Speaker 3: of a new paper and we went there. Okay, let's
Speaker 3: let's poop on and talk about BP. Does this now
Speaker 3: stand for buyout pending?
Speaker 1: Yes, potentially potentially not British Petroleum anymore. It's got a
Speaker 1: new name, but BP. So BP. There is a story
Speaker 1: in the Financial Time saying that other companies like chevron
Speaker 1: X or Mobile, Toto Energies and even Abu Dharby's Adnock
Speaker 1: have been running the numbers on whether they could do
Speaker 1: a takeover of BP. Now. This of course follows the
Speaker 1: Bloomberg exclusive at the weekend saying that Shell was doing
Speaker 1: some calculations working out whether it would be a good
Speaker 1: company to buy given the declient in the share price.
Speaker 1: But it looks like all of these companies are kind
Speaker 1: of just gauging it and would wait for the stock
Speaker 1: to come down any further. Now. BP stock price, of
Speaker 1: course underperformed because they had this shift towards renewable energy,
Speaker 1: and then they kind of backtracked on that, but the
Speaker 1: stock hasn't really recovered, so it seems to be ripe
Speaker 1: for a takeover and the stock actually reacting to this news.
Speaker 1: This morning, it was up around two and a half
Speaker 1: percent at the high in early training to BP potentially
Speaker 1: in focus on the M and A front.
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