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 2: Let's look at some of the stocks on the move
Speaker 2: today here in Europe.
Speaker 1: I'm Caroline Hepcat alongside Jamana Basecci and we're joined Pipelin
Speaker 1: Bank's equity support to Chloemer leg Good morning, Chloe. DHL
Speaker 1: shares have jumped twice that Yeah, so for DHL profit
Speaker 1: be estimates by a good margin. So if we dig
Speaker 1: into the segments a little bit more, we can see
Speaker 1: where exposure to global trade comes in and what kind
Speaker 1: of segments have been impacted and not impacted. So it's
Speaker 1: doing quite well because the post and parcel segment was
Speaker 1: really resilient things to price increases. But then the global
Speaker 1: forwarding division, which is the one that's really exposed to
Speaker 1: tariff's was actually weighed down quite a bit by lower
Speaker 1: trade volumes. But crucially DHL, and that's the reason why
Speaker 1: it's doing well is because it's not as exposed to
Speaker 1: transpecific trade as much as some other companies in that sector.
Speaker 1: And the ongoing kind of cost cutting initiatives that it's
Speaker 1: started really helped and so it maintained its guidance, so
Speaker 1: we can see the shares responding to that. We have
Speaker 1: Musk reporting a little bit later this week, and that's
Speaker 1: still in that shipping industry, so we'll see how it's
Speaker 1: actually dealing with those lower rates. On the flip side,
Speaker 1: Continental has missed analyst estimates some weakness showing up in
Speaker 1: its tire division.
Speaker 2: How's the market responding today?
Speaker 1: So yeah, for Continental, the shares shares are down, but
Speaker 1: it's a bit of kind of two stories, and the
Speaker 1: market seems to be responding, maybe quite harshly to that
Speaker 1: type weakness in tires. But the automotive business, which makes
Speaker 1: sense and break system is actually in pretty good shape
Speaker 1: and that's the one that will be spun off in September.
Speaker 1: So that division cut costs and it raised prices ahead
Speaker 1: of its IPO which is scheduled for September, and is
Speaker 1: therefore doing quite well. But then on the other hand,
Speaker 1: the tire's business, which is the business that Continental is keeping,
Speaker 1: that disappointed. And it's the problem here is that the
Speaker 1: margins are really weighed down by the costs from tariffs
Speaker 1: and then also really strong euro compared to the dollar.
Speaker 1: But Continental is reversing its portfolio expansion and only becoming
Speaker 1: now it tires only business. But that's the division where
Speaker 1: we see a little bit more weakness. We'll see how
Speaker 1: that kind of goes, you know, going forward.
Speaker 2: Okay, so that's Continental.
Speaker 1: Moving on to BP in the oil and gas sector,
Speaker 1: share prices up as much as two point eight percent
Speaker 1: this morning following the earnings.
Speaker 2: Tell us more about that.
Speaker 1: Yeah, a really big earnings beat this morning for BP.
Speaker 1: So that really much better just net income than what
Speaker 1: was expected. But we also have a seven hundred and
Speaker 1: fifty million dollar buyback and also an increased dividends, So
Speaker 1: shares are moving on that. But they're also moving on
Speaker 1: the updates on its turnaround plan. So it said that
Speaker 1: it was cutting nine hundred million dollars of structural cost
Speaker 1: or it had cut that in the first half, and
Speaker 1: it also expects to receive about three billion dollars from
Speaker 1: their investments, and it said it's new chairman will cond
Speaker 1: review of the entire portfolio. So BP is obviously under
Speaker 1: pressure from activist investor Elliott, and that activist investor is
Speaker 1: trying to get BP to ctcasts in to refocus on
Speaker 1: oil and gas, and it seems that BP is responding
Speaker 1: to those demands, and shares have moved higher on that response.
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