WEBVTT - Delta Guidance; Vodafone Soars; EasyJet Bid

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some of the stocks on

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<v Speaker 2>the move today. I'm Karen Moscow. We're joined by Bloomberg's

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<v Speaker 2>Dan Curtis. Good Friday morning.

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<v Speaker 1>Dan.

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<v Speaker 2>We are watching Delta this morning. It was out with earnings.

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<v Speaker 2>What did they say?

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<v Speaker 3>They said, smooth skies ahead Delta earnings. Delta is up

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<v Speaker 3>one percent in the pre market, and it's holding its

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<v Speaker 3>full year earnings outlook at six dollars and fifty cents

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<v Speaker 3>to seven dollars and fifty cents a share. That's with

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<v Speaker 3>the average estimate just under six dollars. And to put

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<v Speaker 3>that outlook in context, that outlook was issued in January,

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<v Speaker 3>before the war started and the price of oil surged.

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<v Speaker 3>So the company is out reinforcing reinforcing an outlook at

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<v Speaker 3>had pre war, with fuel costs much higher now, and

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<v Speaker 3>that is supported by premium revenue, which was seventeen percent

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<v Speaker 3>higher for the quarter than last year. Delta has spent

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<v Speaker 3>years focusing on the front of the plane, which carries

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<v Speaker 3>higher margins for those sales and the ceoc's affluent customers

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<v Speaker 3>willing to pay for premium experiences despite broader economic uncertainty.

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<v Speaker 3>He did note that cost of fuel is up fifty percent,

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<v Speaker 3>so CEO said he would not anticipate any decline on

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<v Speaker 3>airfare anytime soon. So if you're waiting to buy a ticket,

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<v Speaker 3>maybe not, but still just absolutely strong earnings and that's

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<v Speaker 3>after shares are already up over twenty five percent year

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<v Speaker 3>to date, so strong forecast being held up.

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<v Speaker 2>All right, and you're also watching Vodaphone this morning.

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<v Speaker 3>That's right, So the ADRs are trading under ticker VOD

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<v Speaker 3>and those are up nearly thirteen percent in the US

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<v Speaker 3>pre market as French billionaire Xavier Neil has agreed to

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<v Speaker 3>buy a stake to become the largest shareholders. He's using

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<v Speaker 3>an investment vehicle controlled by his family and it bought

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<v Speaker 3>a sixteen percent stak from Emerates Celcom for about six

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<v Speaker 3>billion dollars. Neil made his first investment in Votaphone four

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<v Speaker 3>years ago. He holds telecom assets around the world and

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<v Speaker 3>now Votaphone's main markets are UK and Germany, the regions

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<v Speaker 3>the current CEO has really been focusing his strategy on

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<v Speaker 3>and voter Phone did comment that they know the Neil

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<v Speaker 3>family group well and they looking forward to engaging with

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<v Speaker 3>him as he has, as I mentioned, been holding at

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<v Speaker 3>least some shares for about four years.

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<v Speaker 2>Well, EasyJet has been in and out of the headlines

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<v Speaker 2>as of late. What is the latest here?

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<v Speaker 3>This is absolutely crazy. So in London trading, EasyJet is

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<v Speaker 3>up fifteen percent. Apollo has offered seven hundred and fifteen

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<v Speaker 3>pence per share to buy EasyJet. The bid came this

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<v Speaker 3>morning and it tops an offer from rival Castle Lake.

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<v Speaker 3>So this surprise offer comes after Castle Lake spent over

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<v Speaker 3>a month courting EasyJet. It started with a bid at

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<v Speaker 3>about five sixty ended up at six hundred and ninety

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<v Speaker 3>pence after multiple offers, and then Apollo comes in swoops

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<v Speaker 3>in with a higher offer. EasyJet says it's quote no

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<v Speaker 3>longer minded to recommend the Castle Lake proposal end quote,

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<v Speaker 3>preferring the Apollo bid. That said Castle Lake and the

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<v Speaker 3>EasyJet extended the deadline to either make a firm intention

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<v Speaker 3>of a formal offer or for Castle Leak to walk away.

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<v Speaker 3>So still some time for a response. But those shares

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<v Speaker 3>taking off today fifteen percent and ivor.

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<v Speaker 2>We have a report here boosting shares of CCC Intelligence Solutions.

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<v Speaker 3>Yeah, so those shares are up nearly eleven percent in

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<v Speaker 3>the pre market underticker CCC. It's an insurance software firm

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<v Speaker 3>and it is exploring a sale, according to Reuters. The

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<v Speaker 3>report says it's hired Morgan Stanley to advise on the

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<v Speaker 3>sale process and has reached out to prospective buyers. Jeffrey's

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<v Speaker 3>analysts noted the company could attract interest from Pe or

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<v Speaker 3>strategic buyers. Stock has been down thirty percent on the

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<v Speaker 3>air as of yesterday's close, part of this software selloff,

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<v Speaker 3>but they're looking for a buyer and that's boosting the

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<v Speaker 3>price today.

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<v Speaker 1>This Stock Movers report from Bloomberg Radio. Check back with

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