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: Well, let's take a look at some stocks on the
Speaker 3: move today in Europe. I'm Stephen the Carroll and I'm
Speaker 3: joined by Bloomberg's Breaking News editor Louise Moon. Louise, good morning.
Speaker 3: Let's start with Schroeder's shares rising today. What's the news
Speaker 3: from them?
Speaker 1: Yeah, shares have hit a twenty twenty three high this morning.
Speaker 1: So this is after they said that their annualju Justice
Speaker 1: operating profit will be ahead of expectations. And this comes
Speaker 1: in the context of Schroeder's being kind of the midst
Speaker 1: of a turnaround at the moment. So City analysts have
Speaker 1: said that this beat is very strong. It should reassure
Speaker 1: analyst Bloomberg Intelligence saying, you know, this is unexpectedly positive.
Speaker 1: It suggests that the turnaround plans are working. This is
Speaker 1: all under their relatively new CEO, Richard Oldfield. So it's
Speaker 1: things like he's this is in the past. He's announcedingdred
Speaker 1: and fifty million pounds worth of cost savings growing in
Speaker 1: certain areas like wealth Management. So it's a positive for
Speaker 1: Schroders this morning. Signs that this is starting to pay off,
Speaker 1: and it's also having a bit of a positive read
Speaker 1: across to peers like Aberdeen who are also in similar positions,
Speaker 1: also trying to kind of turn themselves around it and
Speaker 1: it's and that's obviously also positively impacting their share price
Speaker 1: this morning.
Speaker 3: Yeah, Schroders up eight point two percent in London at
Speaker 3: the moment. The question, of course, the other main sector
Speaker 3: that's moving higher this morning is technology. It's the best
Speaker 3: performing sector on the stocks at six hundred, up by
Speaker 3: one and a half percent. But in particular we're seeing
Speaker 3: ASML jumping to a record high.
Speaker 1: Yeah. This is all on the back of TSMC's results overnight,
Speaker 1: so they have their fourth quarter results issued a twenty
Speaker 1: twenty six outlook. They're seen as as a bell weather
Speaker 1: for the boom and AI and this came in a
Speaker 1: head of analysts expectations essentially showing the demand for AI
Speaker 1: chips and the kind of signaling optimism confidence in the
Speaker 1: longevity of the AI boom globally. So that's pulling up
Speaker 1: European semicodactive stocks across the board. But ASML as you say,
Speaker 1: in particular, TSMC is its key customers, so pulling up ASML,
Speaker 1: it takes evaluation to above five hundred billion US dollars
Speaker 1: and that makes it the third European company ever to
Speaker 1: reach that valuation, so only LVMH and Novo NAS have
Speaker 1: reached that before. So it's it's becoming one of or
Speaker 1: solidifying it as one of Europeans, one of Europe's largest companies.
Speaker 1: And there was interesting quote from Astraategus from Barclays saying
Speaker 1: that sentimentally, that means a lot for the European market.
Speaker 1: So I'd say shares rallying to record high as this
Speaker 1: is all on the back of TSMC.
Speaker 3: Okay, Well, another share that's flying high this morning is
Speaker 3: wiz Air, currently almost five percent in London.
Speaker 2: Yeah, we had.
Speaker 1: Quotes from their CEO raising whizz Air's growth projection for
Speaker 1: the year. This has comes two months after they cut it,
Speaker 1: so they're expecting twenty percent growth year and year in
Speaker 1: twenty twenty six. They had previously announced that target in June,
Speaker 1: but then they cut it back to ten percent in November,
Speaker 1: and now they've re upped it again to twenty twenty
Speaker 1: to twenty percent growth. Essentially saying that they're going to
Speaker 1: add airbos planes and they're going to return a lot
Speaker 1: of grounded jets to the skies this year, and that's
Speaker 1: going to help them. Obviously, they've been very impacted by
Speaker 1: groundings since about twenty twenty three, and that's driven up
Speaker 1: costs a lot, it's slowed a lot of their deliveries.
Speaker 1: It's really kind of hampered their growth and their share price.
Speaker 1: And that they will still have some aircraft that will
Speaker 1: be grounded this year, but a lot less, so that
Speaker 1: will help put it back to what it's calling the
Speaker 1: significant growth, so that twenty percent, and they're also indicating
Speaker 1: they're going to have a more efficient operating model. So
Speaker 1: this will comes ahead of their third quarter results later
Speaker 1: this month, and shares are reacting positively on that, as
Speaker 1: you say, taking off flying higher.
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