WEBVTT - Schroders Climbs, ASML Leaps, Wizz Air Up

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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>Well, let's take a look at some stocks on the

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<v Speaker 3>move today in Europe. I'm Stephen the Carroll and I'm

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<v Speaker 3>joined by Bloomberg's Breaking News editor Louise Moon. Louise, good morning.

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<v Speaker 3>Let's start with Schroeder's shares rising today. What's the news

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<v Speaker 3>from them?

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<v Speaker 1>Yeah, shares have hit a twenty twenty three high this morning.

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<v Speaker 1>So this is after they said that their annualju Justice

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<v Speaker 1>operating profit will be ahead of expectations. And this comes

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<v Speaker 1>in the context of Schroeder's being kind of the midst

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<v Speaker 1>of a turnaround at the moment. So City analysts have

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<v Speaker 1>said that this beat is very strong. It should reassure

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<v Speaker 1>analyst Bloomberg Intelligence saying, you know, this is unexpectedly positive.

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<v Speaker 1>It suggests that the turnaround plans are working. This is

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<v Speaker 1>all under their relatively new CEO, Richard Oldfield. So it's

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<v Speaker 1>things like he's this is in the past. He's announcedingdred

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<v Speaker 1>and fifty million pounds worth of cost savings growing in

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<v Speaker 1>certain areas like wealth Management. So it's a positive for

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<v Speaker 1>Schroders this morning. Signs that this is starting to pay off,

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<v Speaker 1>and it's also having a bit of a positive read

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<v Speaker 1>across to peers like Aberdeen who are also in similar positions,

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<v Speaker 1>also trying to kind of turn themselves around it and

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<v Speaker 1>it's and that's obviously also positively impacting their share price

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<v Speaker 1>this morning.

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<v Speaker 3>Yeah, Schroders up eight point two percent in London at

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<v Speaker 3>the moment. The question, of course, the other main sector

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<v Speaker 3>that's moving higher this morning is technology. It's the best

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<v Speaker 3>performing sector on the stocks at six hundred, up by

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<v Speaker 3>one and a half percent. But in particular we're seeing

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<v Speaker 3>ASML jumping to a record high.

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<v Speaker 1>Yeah. This is all on the back of TSMC's results overnight,

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<v Speaker 1>so they have their fourth quarter results issued a twenty

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<v Speaker 1>twenty six outlook. They're seen as as a bell weather

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<v Speaker 1>for the boom and AI and this came in a

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<v Speaker 1>head of analysts expectations essentially showing the demand for AI

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<v Speaker 1>chips and the kind of signaling optimism confidence in the

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<v Speaker 1>longevity of the AI boom globally. So that's pulling up

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<v Speaker 1>European semicodactive stocks across the board. But ASML as you say,

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<v Speaker 1>in particular, TSMC is its key customers, so pulling up ASML,

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<v Speaker 1>it takes evaluation to above five hundred billion US dollars

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<v Speaker 1>and that makes it the third European company ever to

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<v Speaker 1>reach that valuation, so only LVMH and Novo NAS have

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<v Speaker 1>reached that before. So it's it's becoming one of or

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<v Speaker 1>solidifying it as one of Europeans, one of Europe's largest companies.

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<v Speaker 1>And there was interesting quote from Astraategus from Barclays saying

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<v Speaker 1>that sentimentally, that means a lot for the European market.

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<v Speaker 1>So I'd say shares rallying to record high as this

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<v Speaker 1>is all on the back of TSMC.

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<v Speaker 3>Okay, Well, another share that's flying high this morning is

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<v Speaker 3>wiz Air, currently almost five percent in London.

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<v Speaker 2>Yeah, we had.

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<v Speaker 1>Quotes from their CEO raising whizz Air's growth projection for

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<v Speaker 1>the year. This has comes two months after they cut it,

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<v Speaker 1>so they're expecting twenty percent growth year and year in

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<v Speaker 1>twenty twenty six. They had previously announced that target in June,

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<v Speaker 1>but then they cut it back to ten percent in November,

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<v Speaker 1>and now they've re upped it again to twenty twenty

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<v Speaker 1>to twenty percent growth. Essentially saying that they're going to

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<v Speaker 1>add airbos planes and they're going to return a lot

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<v Speaker 1>of grounded jets to the skies this year, and that's

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<v Speaker 1>going to help them. Obviously, they've been very impacted by

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<v Speaker 1>groundings since about twenty twenty three, and that's driven up

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<v Speaker 1>costs a lot, it's slowed a lot of their deliveries.

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<v Speaker 1>It's really kind of hampered their growth and their share price.

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<v Speaker 1>And that they will still have some aircraft that will

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<v Speaker 1>be grounded this year, but a lot less, so that

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<v Speaker 1>will help put it back to what it's calling the

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<v Speaker 1>significant growth, so that twenty percent, and they're also indicating

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<v Speaker 1>they're going to have a more efficient operating model. So

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<v Speaker 1>this will comes ahead of their third quarter results later

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<v Speaker 1>this month, and shares are reacting positively on that, as

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<v Speaker 1>you say, taking off flying higher.

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