1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:18,159 Speaker 3: Well, let's take a look at some stocks on the 5 00:00:18,160 --> 00:00:20,400 Speaker 3: move today in Europe. I'm Stephen the Carroll and I'm 6 00:00:20,440 --> 00:00:24,279 Speaker 3: joined by Bloomberg's Breaking News editor Louise Moon. Louise, good morning. 7 00:00:24,680 --> 00:00:28,080 Speaker 3: Let's start with Schroeder's shares rising today. What's the news 8 00:00:28,120 --> 00:00:28,520 Speaker 3: from them? 9 00:00:28,800 --> 00:00:32,400 Speaker 1: Yeah, shares have hit a twenty twenty three high this morning. 10 00:00:32,479 --> 00:00:34,640 Speaker 1: So this is after they said that their annualju Justice 11 00:00:34,680 --> 00:00:37,400 Speaker 1: operating profit will be ahead of expectations. And this comes 12 00:00:37,400 --> 00:00:40,560 Speaker 1: in the context of Schroeder's being kind of the midst 13 00:00:40,560 --> 00:00:43,159 Speaker 1: of a turnaround at the moment. So City analysts have 14 00:00:43,159 --> 00:00:45,280 Speaker 1: said that this beat is very strong. It should reassure 15 00:00:45,320 --> 00:00:50,160 Speaker 1: analyst Bloomberg Intelligence saying, you know, this is unexpectedly positive. 16 00:00:50,200 --> 00:00:53,159 Speaker 1: It suggests that the turnaround plans are working. This is 17 00:00:53,200 --> 00:00:56,800 Speaker 1: all under their relatively new CEO, Richard Oldfield. So it's 18 00:00:56,840 --> 00:01:00,160 Speaker 1: things like he's this is in the past. He's announcedingdred 19 00:01:00,160 --> 00:01:02,480 Speaker 1: and fifty million pounds worth of cost savings growing in 20 00:01:02,520 --> 00:01:05,680 Speaker 1: certain areas like wealth Management. So it's a positive for 21 00:01:05,720 --> 00:01:08,240 Speaker 1: Schroders this morning. Signs that this is starting to pay off, 22 00:01:08,280 --> 00:01:10,840 Speaker 1: and it's also having a bit of a positive read 23 00:01:10,880 --> 00:01:14,679 Speaker 1: across to peers like Aberdeen who are also in similar positions, 24 00:01:14,720 --> 00:01:16,959 Speaker 1: also trying to kind of turn themselves around it and 25 00:01:16,959 --> 00:01:20,800 Speaker 1: it's and that's obviously also positively impacting their share price 26 00:01:20,880 --> 00:01:21,240 Speaker 1: this morning. 27 00:01:21,680 --> 00:01:25,000 Speaker 3: Yeah, Schroders up eight point two percent in London at 28 00:01:25,000 --> 00:01:28,520 Speaker 3: the moment. The question, of course, the other main sector 29 00:01:28,520 --> 00:01:32,200 Speaker 3: that's moving higher this morning is technology. It's the best 30 00:01:32,200 --> 00:01:34,840 Speaker 3: performing sector on the stocks at six hundred, up by 31 00:01:34,840 --> 00:01:37,440 Speaker 3: one and a half percent. But in particular we're seeing 32 00:01:37,480 --> 00:01:40,160 Speaker 3: ASML jumping to a record high. 33 00:01:40,360 --> 00:01:44,120 Speaker 1: Yeah. This is all on the back of TSMC's results overnight, 34 00:01:44,319 --> 00:01:47,240 Speaker 1: so they have their fourth quarter results issued a twenty 35 00:01:47,240 --> 00:01:50,760 Speaker 1: twenty six outlook. They're seen as as a bell weather 36 00:01:50,840 --> 00:01:53,640 Speaker 1: for the boom and AI and this came in a 37 00:01:53,640 --> 00:01:57,640 Speaker 1: head of analysts expectations essentially showing the demand for AI 38 00:01:57,760 --> 00:02:01,040 Speaker 1: chips and the kind of signaling optimism confidence in the 39 00:02:01,080 --> 00:02:04,840 Speaker 1: longevity of the AI boom globally. So that's pulling up 40 00:02:04,920 --> 00:02:08,239 Speaker 1: European semicodactive stocks across the board. But ASML as you say, 41 00:02:08,240 --> 00:02:14,119 Speaker 1: in particular, TSMC is its key customers, so pulling up ASML, 42 00:02:14,880 --> 00:02:18,760 Speaker 1: it takes evaluation to above five hundred billion US dollars 43 00:02:18,840 --> 00:02:20,800 Speaker 1: and that makes it the third European company ever to 44 00:02:20,800 --> 00:02:23,440 Speaker 1: reach that valuation, so only LVMH and Novo NAS have 45 00:02:23,800 --> 00:02:28,440 Speaker 1: reached that before. So it's it's becoming one of or 46 00:02:28,480 --> 00:02:32,720 Speaker 1: solidifying it as one of Europeans, one of Europe's largest companies. 47 00:02:32,720 --> 00:02:35,720 Speaker 1: And there was interesting quote from Astraategus from Barclays saying 48 00:02:35,720 --> 00:02:38,480 Speaker 1: that sentimentally, that means a lot for the European market. 49 00:02:38,760 --> 00:02:41,320 Speaker 1: So I'd say shares rallying to record high as this 50 00:02:41,360 --> 00:02:42,800 Speaker 1: is all on the back of TSMC. 51 00:02:43,880 --> 00:02:47,000 Speaker 3: Okay, Well, another share that's flying high this morning is 52 00:02:47,280 --> 00:02:50,560 Speaker 3: wiz Air, currently almost five percent in London. 53 00:02:51,240 --> 00:02:52,040 Speaker 2: Yeah, we had. 54 00:02:53,919 --> 00:02:58,359 Speaker 1: Quotes from their CEO raising whizz Air's growth projection for 55 00:02:58,400 --> 00:03:01,360 Speaker 1: the year. This has comes two months after they cut it, 56 00:03:01,400 --> 00:03:03,600 Speaker 1: so they're expecting twenty percent growth year and year in 57 00:03:03,600 --> 00:03:07,200 Speaker 1: twenty twenty six. They had previously announced that target in June, 58 00:03:07,480 --> 00:03:10,000 Speaker 1: but then they cut it back to ten percent in November, 59 00:03:10,000 --> 00:03:12,760 Speaker 1: and now they've re upped it again to twenty twenty 60 00:03:13,520 --> 00:03:16,560 Speaker 1: to twenty percent growth. Essentially saying that they're going to 61 00:03:16,560 --> 00:03:19,280 Speaker 1: add airbos planes and they're going to return a lot 62 00:03:19,320 --> 00:03:21,600 Speaker 1: of grounded jets to the skies this year, and that's 63 00:03:21,919 --> 00:03:24,160 Speaker 1: going to help them. Obviously, they've been very impacted by 64 00:03:24,240 --> 00:03:27,000 Speaker 1: groundings since about twenty twenty three, and that's driven up 65 00:03:27,040 --> 00:03:29,720 Speaker 1: costs a lot, it's slowed a lot of their deliveries. 66 00:03:30,240 --> 00:03:32,840 Speaker 1: It's really kind of hampered their growth and their share price. 67 00:03:33,280 --> 00:03:35,960 Speaker 1: And that they will still have some aircraft that will 68 00:03:36,000 --> 00:03:38,320 Speaker 1: be grounded this year, but a lot less, so that 69 00:03:38,360 --> 00:03:40,000 Speaker 1: will help put it back to what it's calling the 70 00:03:40,080 --> 00:03:43,200 Speaker 1: significant growth, so that twenty percent, and they're also indicating 71 00:03:43,200 --> 00:03:45,440 Speaker 1: they're going to have a more efficient operating model. So 72 00:03:45,720 --> 00:03:47,720 Speaker 1: this will comes ahead of their third quarter results later 73 00:03:47,760 --> 00:03:51,080 Speaker 1: this month, and shares are reacting positively on that, as 74 00:03:51,080 --> 00:03:52,720 Speaker 1: you say, taking off flying higher. 75 00:03:54,040 --> 00:03:58,040 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 76 00:03:58,120 --> 00:04:00,200 Speaker 2: us throughout the day for the latest round up of 77 00:04:00,240 --> 00:04:03,520 Speaker 2: companies making news on Wall Street and for the latest 78 00:04:03,560 --> 00:04:07,760 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 79 00:04:07,800 --> 00:04:11,520 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 80 00:04:11,560 --> 00:04:13,520 Speaker 2: Auto with the Bloomberg Business app.