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 of the stocks on
Speaker 3: the move today here in Europe. I'm Caroline Hepkin. I'm
Speaker 3: joined by Bloomberg's Chloe Malay. We're still focused really on
Speaker 3: the fallout from the Middle East conflict, and investors have
Speaker 3: been reacting to this, especially around the flight disruptions and
Speaker 3: also what it just might mean for the broader industry
Speaker 3: traveler leisure industry, with air in particular one reacting.
Speaker 1: Yeah, absolutely, and there's because we just cut its guidance
Speaker 1: because of that situation in the Middle East, so it
Speaker 1: had of course to suspend flights into the region, but
Speaker 1: it also has to absorb those higher fuel costs that
Speaker 1: are rising because of those oil prices spiking, and so
Speaker 1: of course all airlines are impacted. We've seen a major
Speaker 1: wave of flight cancelations, we've seen share prices across that
Speaker 1: industry really struggle over the last few days. But what
Speaker 1: we've gotten from WIZ there is a real tangible earnings
Speaker 1: impact that they've disclosed. So it's not a negligible one.
Speaker 1: They've said they expect the disruption to hit net income
Speaker 1: by fifty million euros, and so that is quite significant.
Speaker 1: And some analysts are also saying that the impact could
Speaker 1: last and even deepen into their fiscal twenty twenty seven
Speaker 1: as well. So that's bad news for Wizer itself. But then,
Speaker 1: as you say, it also doesn't bode well for the
Speaker 1: rest of that travel and leisure industry, and we might
Speaker 1: see more of those airlines coming out and clarifying the
Speaker 1: exact impact earnings impact of all of this in the
Speaker 1: next few days. Yeah.
Speaker 3: Absolutely, Ryana shares I noticed are also down by three
Speaker 3: percent this morning in terms of oil prices and how
Speaker 3: that is affecting producers, including equanor. Yeah, we saw.
Speaker 1: Oil companies down yesterday, but they're up to day. Yesterday
Speaker 1: we had a slight pullback and oil prices and the
Speaker 1: share prices of oil companies because of Trump's central plan
Speaker 1: for ensuring and escorting those oil tankers. But today it
Speaker 1: seems that the dominant narrative is that the conflict is
Speaker 1: going to last for quite a while and that energy
Speaker 1: supply disruption is therefore perhaps unavoidable. In there to stay.
Speaker 1: So Trump say he was confident in the military campaign,
Speaker 1: but he did not clarify any kind of timeline around
Speaker 1: pledged to also intensify strikes in the coming days. All
Speaker 1: of that has led China to down major refiners, to
Speaker 1: suspend exports of diesel and gasoline. So all of that
Speaker 1: indicates that it will also prioritize domestic needs. So we're
Speaker 1: seeing this disruption across global energy markets. This rush door
Speaker 1: was wanting to secure those oil reserves, and so because
Speaker 1: there's no resolution inside, the way that the market is
Speaker 1: reacting today is to put those oil producers in the green.
Speaker 3: Okay. So those are stocks that are reacting to the
Speaker 3: news out of the Middle East. But there is other news. Indeed, Campari,
Speaker 3: in terms of the drink's business, an eventful day for
Speaker 3: that company.
Speaker 1: Yeah, well, perhaps we all need a drink. Campari is
Speaker 1: providing exactly that. As the results came in ahead of
Speaker 1: expectations and Rbcnlist said that there was impressive revenue growth
Speaker 1: for the company. It's quite interesting given the context of
Speaker 1: quite a difficult spirits market at the moment. If we
Speaker 1: look at peers, for example, Diajo just cut its guidance
Speaker 1: a few days ago, because it's really struggling to revive
Speaker 1: demand in the US and China's same for Penorica, which
Speaker 1: is facing the exact same challenges that slow down in
Speaker 1: those key markets. But Campari is rising above the rest.
Speaker 1: It's already been outperforming its peers, and the results only
Speaker 1: widen that outperformance today. The reason why it can be
Speaker 1: attributed to maybe a few different factors, but some of
Speaker 1: what Anless have pointed to is a lot of investment
Speaker 1: in advertising, a lot of promotions as well, and now
Speaker 1: we're also approaching April weather, so that will be a
Speaker 1: bigger boost.
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