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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The.

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Speaker 2: Stock Movers Report, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg data.

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Speaker 1: But let's second look at some stocks on the move

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Speaker 1: today in Europe. I'm Stephen Carroll and I'm joined by

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Speaker 1: Bloomberg reporter Chloe Melee.

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Speaker 3: Chloe, good morning.

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Speaker 1: Let's start with a stock that if you were to

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Speaker 1: make a joke, you'd say it could be all Gucci.

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Speaker 3: Yeah. Absolutely, Yeah.

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Speaker 4: Caring is up very strongly this morning because the sales

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Speaker 4: at Gucci, which is its flagship brand, actually but they

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Speaker 4: did drop ten percent in the last quarter, but crucially

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Speaker 4: that was very much in line with what analysts had expected.

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Speaker 4: So for investors, for analysts, that's seen as reassuring. It's

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Speaker 4: a signed that the turnaround under the new CEO, Luca Demo,

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Speaker 4: who started in September, is progressing quite well. Although it

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Speaker 4: might take a while, it's making progress. And so the

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Speaker 4: next big catalyst for Caring is really going to be

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Speaker 4: the debut collection of the new Gucci design A Demna,

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Speaker 4: which is happening in a couple of weeks at mid

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Speaker 4: An Fashion Week. So that will be closely watched by

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Speaker 4: investors as well as stylists, and for Caring results are encouraging,

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Speaker 4: and then for the broader luxury sector this is also

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Speaker 4: seen as quite reassuring. You know, we started the season

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Speaker 4: with some positive updates from Barbera and Richmond, but then

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Speaker 4: we had the big setback of LVMH coming in with

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Speaker 4: a quite down beat outlook with disappointing results. But now

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Speaker 4: we've got those Carrying results and that will perhaps fuel

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Speaker 4: the hope of a luxury rebound that is actually going

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Speaker 4: to be happening at some point this year. So we

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Speaker 4: are very strongly for carrying and that drove the rest

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Speaker 4: of that luxury sector this morning, all in the green.

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Speaker 1: Okoye, I'm on a roll with joke, so I'm proud

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Speaker 1: of myself for it does BP has turned for buyback pause.

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Speaker 4: It might just be BP is indeed pausing is shared

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Speaker 4: buyer bags, which is a big deal for an oil company,

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Speaker 4: given that this is a sector that is really known

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Speaker 4: for and appreciated by investors for those consistent shareholder returns,

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Speaker 4: and SOP is holding those buyo bags and also raised

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Speaker 4: its target for cost cuts.

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Speaker 3: For this year, I mean through to twenty twenty seven.

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Speaker 4: So this pausing of buyo bags those efforts to reduce costs.

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Speaker 4: This is all part of an attempt to shore up

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Speaker 4: the balance sheet and that is part of the attempt

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Speaker 4: as well of this turnaround strategy, this refocus.

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Speaker 3: On oil and gas that BP has been working on.

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Speaker 4: And twenty twenty five has been a difficult time for

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Speaker 4: the company. It started with pressure from activist investor Elliot.

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Speaker 4: It ended with the chairman getting rid of the CEO.

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Speaker 4: We also had oil prices weakening towards the end of

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Speaker 4: last year, adding to those challenges, and so the hope

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Speaker 4: is that twenty twenty six will be a little bit better.

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Speaker 3: We've got a new CEO coming in in April.

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Speaker 4: She's got a really really major track record of championing

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Speaker 4: fossil fuels, so investors see her as accelerating that shift

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Speaker 4: towards towards oil and guess in away from clean energy,

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Speaker 4: and her appointment was taken quite well by the market

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Speaker 4: when it was announced.

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Speaker 5: But she does have a really big task ahead of her.

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Speaker 5: And I'll be serious for the last one, Chloe. We're

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Speaker 5: going to turn to Barclays next. Shares in the bank

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Speaker 5: rising slightly again this morning, but it's after it had

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Speaker 5: a very good year.

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Speaker 4: Yeah, it had a really really good year in twenty

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Speaker 4: twenty five, and it looks like today from the results

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Speaker 4: that twenty twenty six will also be pretty good. So

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Speaker 4: the performance from last year is expected to continue. We had,

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Speaker 4: for example, the trading division, which has been a major

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Speaker 4: revenue driver throughout twenty twenty five. Because of all the

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Speaker 4: market volatility that we saw, it had another great quarter.

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Speaker 4: It's probably going to have a grade twenty twenty six

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Speaker 4: as well. And then the targets that were set for

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Speaker 4: twenty twenty eight seemed to kind of show confidence that

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Speaker 4: the company has plans to return more than fifteen billion

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Speaker 4: pounds to shareholders through to twenty twenty eight. So shares

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Speaker 4: were initially higher at the open, but then had some

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Speaker 4: of those gains now hovering a little bit quite flat.

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Speaker 3: Some of those that.

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Speaker 4: Weakness might be driven by disappointment on those payout targets.

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Speaker 4: You know, fifteen billion pounds sounds like a lot to me,

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Speaker 4: but and lizad actually initially expected that it would be

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Speaker 4: more around seventeen billions, so there might be a bit

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Speaker 4: of disappointment there. There's also a question mark that remains

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Speaker 4: around Trump's plans to cap interest rates on credit cards

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Speaker 4: over in the US that would potentially have quite a

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Speaker 4: big impact on the US business for Barclays, and the

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Speaker 4: CFO said this morning that this would lead to week

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Speaker 4: of volumes, so that exposure to the US is going

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Speaker 4: to be also really much, very much in focus going

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Speaker 4: forward to.

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Speaker 2: Barclays the Stock Movers report from Bloomberg Radio. Check back

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Speaker 2: with us throughout the day for the latest roundup of

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