Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some of the stocks on
Speaker 2: the move today. I'm Karen Moscow. We're joined by Bloomberg's
Speaker 2: Dan Curtis. Good Friday morning.
Speaker 1: Dan.
Speaker 2: We are watching Delta this morning. It was out with earnings.
Speaker 2: What did they say?
Speaker 3: They said, smooth skies ahead Delta earnings. Delta is up
Speaker 3: one percent in the pre market, and it's holding its
Speaker 3: full year earnings outlook at six dollars and fifty cents
Speaker 3: to seven dollars and fifty cents a share. That's with
Speaker 3: the average estimate just under six dollars. And to put
Speaker 3: that outlook in context, that outlook was issued in January,
Speaker 3: before the war started and the price of oil surged.
Speaker 3: So the company is out reinforcing reinforcing an outlook at
Speaker 3: had pre war, with fuel costs much higher now, and
Speaker 3: that is supported by premium revenue, which was seventeen percent
Speaker 3: higher for the quarter than last year. Delta has spent
Speaker 3: years focusing on the front of the plane, which carries
Speaker 3: higher margins for those sales and the ceoc's affluent customers
Speaker 3: willing to pay for premium experiences despite broader economic uncertainty.
Speaker 3: He did note that cost of fuel is up fifty percent,
Speaker 3: so CEO said he would not anticipate any decline on
Speaker 3: airfare anytime soon. So if you're waiting to buy a ticket,
Speaker 3: maybe not, but still just absolutely strong earnings and that's
Speaker 3: after shares are already up over twenty five percent year
Speaker 3: to date, so strong forecast being held up.
Speaker 2: All right, and you're also watching Vodaphone this morning.
Speaker 3: That's right, So the ADRs are trading under ticker VOD
Speaker 3: and those are up nearly thirteen percent in the US
Speaker 3: pre market as French billionaire Xavier Neil has agreed to
Speaker 3: buy a stake to become the largest shareholders. He's using
Speaker 3: an investment vehicle controlled by his family and it bought
Speaker 3: a sixteen percent stak from Emerates Celcom for about six
Speaker 3: billion dollars. Neil made his first investment in Votaphone four
Speaker 3: years ago. He holds telecom assets around the world and
Speaker 3: now Votaphone's main markets are UK and Germany, the regions
Speaker 3: the current CEO has really been focusing his strategy on
Speaker 3: and voter Phone did comment that they know the Neil
Speaker 3: family group well and they looking forward to engaging with
Speaker 3: him as he has, as I mentioned, been holding at
Speaker 3: least some shares for about four years.
Speaker 2: Well, EasyJet has been in and out of the headlines
Speaker 2: as of late. What is the latest here?
Speaker 3: This is absolutely crazy. So in London trading, EasyJet is
Speaker 3: up fifteen percent. Apollo has offered seven hundred and fifteen
Speaker 3: pence per share to buy EasyJet. The bid came this
Speaker 3: morning and it tops an offer from rival Castle Lake.
Speaker 3: So this surprise offer comes after Castle Lake spent over
Speaker 3: a month courting EasyJet. It started with a bid at
Speaker 3: about five sixty ended up at six hundred and ninety
Speaker 3: pence after multiple offers, and then Apollo comes in swoops
Speaker 3: in with a higher offer. EasyJet says it's quote no
Speaker 3: longer minded to recommend the Castle Lake proposal end quote,
Speaker 3: preferring the Apollo bid. That said Castle Lake and the
Speaker 3: EasyJet extended the deadline to either make a firm intention
Speaker 3: of a formal offer or for Castle Leak to walk away.
Speaker 3: So still some time for a response. But those shares
Speaker 3: taking off today fifteen percent and ivor.
Speaker 2: We have a report here boosting shares of CCC Intelligence Solutions.
Speaker 3: Yeah, so those shares are up nearly eleven percent in
Speaker 3: the pre market underticker CCC. It's an insurance software firm
Speaker 3: and it is exploring a sale, according to Reuters. The
Speaker 3: report says it's hired Morgan Stanley to advise on the
Speaker 3: sale process and has reached out to prospective buyers. Jeffrey's
Speaker 3: analysts noted the company could attract interest from Pe or
Speaker 3: strategic buyers. Stock has been down thirty percent on the
Speaker 3: air as of yesterday's close, part of this software selloff,
Speaker 3: but they're looking for a buyer and that's boosting the
Speaker 3: price today.
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