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: Now, let's look at some of the stocks on the
Speaker 3: move today here in Europe. I'm Caroline Hepga and I'm
Speaker 3: joined by Bloomberg Reportaclimba Lake, Good morning, Good morning. Equinor's
Speaker 3: one of the all majors swinging today because of the
Speaker 3: latest twist in the Ivan saga, the failure of those
Speaker 3: talks in Pakistan between the US and Iran.
Speaker 1: Yeah, absolutely, we're seeing oil preally across the board, Equinor, BPNY,
Speaker 1: all of those companies after, as you said, those talks
Speaker 1: between the US and Iran over the weekend failed to
Speaker 1: result in a peace deal. And then also we have
Speaker 1: Trump threatening that blockade of the Strait of Horn moves
Speaker 1: and to that around said that US restrictions on the
Speaker 1: movement of vessels in international waters were illegal and constituted
Speaker 1: an act of piracy. So we're actually coming out of
Speaker 1: this weekend of peace stalks with tension potentially even higher
Speaker 1: and with even more potential disruption on the horizon to
Speaker 1: those global energy markets and supplies, and so we are
Speaker 1: seeing oil and natural gas prices surging in reaction to that,
Speaker 1: of course, and therefore we're seeing those oil companies also surging.
Speaker 1: So we're in a very different position than we were
Speaker 1: just a few days ago when that ceasefire was agreed
Speaker 1: and there was a hope that a more permanent piece
Speaker 1: could potentially be reached. But right now it's more likely
Speaker 1: that this war will be prolonged and widened, and that
Speaker 1: is a boost for energy companies, but not for many
Speaker 1: other sectors.
Speaker 3: Actually, no, indeed, although it must be said, there are
Speaker 3: three tankers that are trying to transit the straight up
Speaker 3: Homers by sailing close to the Ranian coast. Tankers that
Speaker 3: Bloomberg is looking at and keeping abreast of airlines. Meanwhile,
Speaker 3: I've also been hit this morning. But Lufthansa seems especially bad. Why.
Speaker 1: Yeah, so airlines is one of those sectors that is
Speaker 1: really badly affected by the conflict. Of course, we have
Speaker 1: those higher jet fuel prices, those jet fuel shortages as well.
Speaker 1: That's of course very bad news for those airlines, and
Speaker 1: that could get worse if the conflict continues. So Liftansa
Speaker 1: is reacting to that this morning alongside the rest of
Speaker 1: the airlines, but it's also facing an additional challenge, which
Speaker 1: is strike action. So the company is facing a two
Speaker 1: day pilot strike over pensions, and that is just a
Speaker 1: few days after another walkout by cabin crew this time,
Speaker 1: and this is not the first bit of strike action
Speaker 1: that the company has seen this year. We had also
Speaker 1: another pilot strike in February that grounded about eight hundred flights,
Speaker 1: and then there was a two day walkout in March
Speaker 1: as well. So there's been really this ongoing labor action
Speaker 1: for Luftanza and now there's this sort of double whammy
Speaker 1: of disruption from strikes and disruption from geopolitical uncertainty, and
Speaker 1: that's really reflected in those chesterday which have been really
Speaker 1: really weak.
Speaker 3: Yeah, okay, so that's on the airlines. Lastly, though, we
Speaker 3: are tracking stocks moving in Europe. But why seems to
Speaker 3: be moving actually out of European markets.
Speaker 2: Why?
Speaker 1: Yeah? So why is the money transfer company? It announced
Speaker 1: last year that it was intending to shift is primary
Speaker 1: listing from London to the US to the NESTAC and
Speaker 1: today it said that the shift is on track and
Speaker 1: that the listing will be happening this quarter, will be
Speaker 1: happening on May the eleventh, and so we have that,
Speaker 1: and then we also have the twenty four percent increase
Speaker 1: in income in underlying income for the latest quarter that
Speaker 1: it announced today, So both of those things have really
Speaker 1: shown investors that the company is in good shape, that
Speaker 1: it is doing well, and therefore the shares are up
Speaker 1: this morning. The listing is really going to help raise
Speaker 1: the company's profile in the US, which is obviously a
Speaker 1: major market for FinTechs, and Wise has got some big
Speaker 1: plans so recently rolled out every day checking accounts in
Speaker 1: the UK. That's an attempt to kind of take up
Speaker 1: a bit more market share from traditional established banks, and
Speaker 1: then last year also applied to be a directly regulated
Speaker 1: bank in the US, although it's still waiting for a
Speaker 1: decision on that application. So definitely a company to watch
Speaker 1: out for.
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