WEBVTT - Wizz Air Falls, Equinor Lower, Campari Gains 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today here in Europe. I'm Caroline Hepkin. I'm

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<v Speaker 3>joined by Bloomberg's Chloe Malay. We're still focused really on

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<v Speaker 3>the fallout from the Middle East conflict, and investors have

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<v Speaker 3>been reacting to this, especially around the flight disruptions and

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<v Speaker 3>also what it just might mean for the broader industry

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<v Speaker 3>traveler leisure industry, with air in particular one reacting.

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<v Speaker 1>Yeah, absolutely, and there's because we just cut its guidance

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<v Speaker 1>because of that situation in the Middle East, so it

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<v Speaker 1>had of course to suspend flights into the region, but

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<v Speaker 1>it also has to absorb those higher fuel costs that

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<v Speaker 1>are rising because of those oil prices spiking, and so

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<v Speaker 1>of course all airlines are impacted. We've seen a major

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<v Speaker 1>wave of flight cancelations, we've seen share prices across that

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<v Speaker 1>industry really struggle over the last few days. But what

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<v Speaker 1>we've gotten from WIZ there is a real tangible earnings

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<v Speaker 1>impact that they've disclosed. So it's not a negligible one.

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<v Speaker 1>They've said they expect the disruption to hit net income

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<v Speaker 1>by fifty million euros, and so that is quite significant.

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<v Speaker 1>And some analysts are also saying that the impact could

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<v Speaker 1>last and even deepen into their fiscal twenty twenty seven

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<v Speaker 1>as well. So that's bad news for Wizer itself. But then,

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<v Speaker 1>as you say, it also doesn't bode well for the

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<v Speaker 1>rest of that travel and leisure industry, and we might

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<v Speaker 1>see more of those airlines coming out and clarifying the

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<v Speaker 1>exact impact earnings impact of all of this in the

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<v Speaker 1>next few days. Yeah.

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<v Speaker 3>Absolutely, Ryana shares I noticed are also down by three

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<v Speaker 3>percent this morning in terms of oil prices and how

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<v Speaker 3>that is affecting producers, including equanor. Yeah, we saw.

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<v Speaker 1>Oil companies down yesterday, but they're up to day. Yesterday

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<v Speaker 1>we had a slight pullback and oil prices and the

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<v Speaker 1>share prices of oil companies because of Trump's central plan

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<v Speaker 1>for ensuring and escorting those oil tankers. But today it

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<v Speaker 1>seems that the dominant narrative is that the conflict is

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<v Speaker 1>going to last for quite a while and that energy

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<v Speaker 1>supply disruption is therefore perhaps unavoidable. In there to stay.

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<v Speaker 1>So Trump say he was confident in the military campaign,

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<v Speaker 1>but he did not clarify any kind of timeline around

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<v Speaker 1>pledged to also intensify strikes in the coming days. All

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<v Speaker 1>of that has led China to down major refiners, to

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<v Speaker 1>suspend exports of diesel and gasoline. So all of that

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<v Speaker 1>indicates that it will also prioritize domestic needs. So we're

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<v Speaker 1>seeing this disruption across global energy markets. This rush door

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<v Speaker 1>was wanting to secure those oil reserves, and so because

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<v Speaker 1>there's no resolution inside, the way that the market is

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<v Speaker 1>reacting today is to put those oil producers in the green.

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<v Speaker 3>Okay. So those are stocks that are reacting to the

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<v Speaker 3>news out of the Middle East. But there is other news. Indeed, Campari,

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<v Speaker 3>in terms of the drink's business, an eventful day for

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<v Speaker 3>that company.

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<v Speaker 1>Yeah, well, perhaps we all need a drink. Campari is

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<v Speaker 1>providing exactly that. As the results came in ahead of

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<v Speaker 1>expectations and Rbcnlist said that there was impressive revenue growth

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<v Speaker 1>for the company. It's quite interesting given the context of

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<v Speaker 1>quite a difficult spirits market at the moment. If we

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<v Speaker 1>look at peers, for example, Diajo just cut its guidance

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<v Speaker 1>a few days ago, because it's really struggling to revive

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<v Speaker 1>demand in the US and China's same for Penorica, which

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<v Speaker 1>is facing the exact same challenges that slow down in

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<v Speaker 1>those key markets. But Campari is rising above the rest.

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<v Speaker 1>It's already been outperforming its peers, and the results only

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<v Speaker 1>widen that outperformance today. The reason why it can be

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<v Speaker 1>attributed to maybe a few different factors, but some of

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<v Speaker 1>what Anless have pointed to is a lot of investment

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<v Speaker 1>in advertising, a lot of promotions as well, and now

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<v Speaker 1>we're also approaching April weather, so that will be a

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<v Speaker 1>bigger boost.

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