WEBVTT - BP Climbs, TUI Declines, UniCredit Down

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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>Now, let's have a look at some of the markets

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<v Speaker 3>on the move today here in Europe. I'm Caroline Hepka

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<v Speaker 3>and I'm joined by Bloomberg Report clomb Lake.

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<v Speaker 1>Good morning, Chloe. It moves to the oil price.

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<v Speaker 3>Of course, it means that we've seen these twists and

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<v Speaker 3>turns in US Iran negotiations, the Strait of hor moves

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<v Speaker 3>and remaining clothes. How are some of the big oil

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<v Speaker 3>majors responding to again a jumping prices.

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<v Speaker 4>Yeah, well they are once again in the green that

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<v Speaker 4>this morning. So, as you mentioned, those tensions in the

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<v Speaker 4>Middle East have fled up once again. We had the

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<v Speaker 4>US Navy seizing and Iranian ship and then around firing

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<v Speaker 4>at vessels and reimposing controls in the Strait of Horror moves.

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<v Speaker 4>So all of this seems to be pointing to a

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<v Speaker 4>sustained disruption of global energy supplies, which of course is

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<v Speaker 4>leading oil majors in the green, while the majority of

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<v Speaker 4>other sectors are definitely weaker today. So the two weeks

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<v Speaker 4>is fire is set to expire a Tuesday, So now

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<v Speaker 4>the focus is now is really shifting on whether the

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<v Speaker 4>US and Iron can resume negotiations and actually find the

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<v Speaker 4>way to reopen the straight around signal that it may

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<v Speaker 4>not join a second round of talks this week if

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<v Speaker 4>the US maintains its naval blockade, and then Trump threatened

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<v Speaker 4>on Sunday morning to destroy every power plant and bridgin

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<v Speaker 4>around if negotiations fail. So there's been at the moment

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<v Speaker 4>no major breakdown and sees fire talks but also no

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<v Speaker 4>sign to the major breakthrough is also in the cars

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<v Speaker 4>either and so as usual that is benefiting those oil majors.

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<v Speaker 3>Absolutely BP, but you also see any repsol total energies,

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<v Speaker 3>equinor AKABP. They're all in the best performers top ten

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<v Speaker 3>best performers today. On the flip side, two E and

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<v Speaker 3>Ryeranner seeing significant share price declines.

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<v Speaker 1>Why yeah, the two size of the same coin.

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<v Speaker 4>Really all prices being up means that all majors are

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<v Speaker 4>in the green, but it also guarantees often that airlines.

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<v Speaker 1>Are going to be in the red.

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<v Speaker 4>So as you say, obviou slyly Ryanair twoy, all of

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<v Speaker 4>this airline and travel stocks struggling today because higher fuel

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<v Speaker 4>costs are of course a major concern. We had easy

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<v Speaker 4>Jet last week warning of a loss because of that disruption,

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<v Speaker 4>and the industry is also increasingly worried about potential fuel shortages.

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<v Speaker 4>So that's especially worrying now that we're heading into the

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<v Speaker 4>very busy and the usually very lucrative summer travel season

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<v Speaker 4>as well. So industry experts are warning that travelers will

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<v Speaker 4>face a lot more disruption in the next few months.

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<v Speaker 4>We've already seen some flight cancelations, more planes being grounded,

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<v Speaker 4>and so those cuts two schedules are likely to get worse.

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<v Speaker 4>So that means that your route might not be available anymore,

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<v Speaker 4>or it might be a lot more expensive. So it's

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<v Speaker 4>not just those share prices for Ryanair and two that

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<v Speaker 4>are hurting, but potentially all of our wallets as well.

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<v Speaker 3>Yeah. Absolutely, I'm seeing lots of news and articles about

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<v Speaker 3>steaks here in the UK, people not wanting to risk it,

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<v Speaker 3>or just lots of different regions, nations and regions, Scotland,

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<v Speaker 3>you know, advertising holidays. I see that all over the place.

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<v Speaker 3>But there's also other news to think about. So in

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<v Speaker 3>banks a UniCredit this morning what's been happening there.

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<v Speaker 1>Yeah, UniCredit is stepping up.

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<v Speaker 4>It's a pursuit of Commerce Bank, and it has been

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<v Speaker 4>quite critical of its target.

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<v Speaker 1>So to side just a few things that it's said.

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<v Speaker 4>It said that Commons Bank had a story of operating underperformance,

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<v Speaker 4>that it was over valued relative to fundamentals, and that

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<v Speaker 4>it suffers from structural weaknesses that are only masked by

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<v Speaker 4>financial tailwinds. And so it said that Commons Bank should

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<v Speaker 4>intensify its focus on a couple of key markets or

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<v Speaker 4>Germany and Poland, and scale back its international operations. And

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<v Speaker 4>so this is coming as UniCredit recently presented a full

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<v Speaker 4>blown takeover offer for commerce Bank and that is set

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<v Speaker 4>to kick off next month. But of course, throughout the

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<v Speaker 4>pursuit from UniCredit, which started back in twenty twenty four,

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<v Speaker 4>Commerce Bank has been pushing back and so we're going

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<v Speaker 4>to be watching out for any new developments. Their shares

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<v Speaker 4>and Commerce Bank did rise this morning on the back

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<v Speaker 4>of this, but UniCredit shares were a little weaker, so

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<v Speaker 4>we'll be looking up for the next steps.

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